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RobLR
Member Since: 19 Nov 2016
Location: Scottish Borders
Posts: 79
  
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| Anybody heard of BlueChip extended 3year warranty |
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Hi all,
Trader offered BlueChip 3 year extended warranty for fixed price of £670.
Have you heard anything about this warranty and what are your thoughts generally if warranties worth it?
I've created album with T&C below,
https://www.icloud.com/sharedalbum/#B0mGWZuqDGB7n2v
Please let me know if this sounds a good deal.
Thanks
Rob
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 27th Nov 2016 8:15 pm |
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Red Merle
Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7438
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I've not heard of them. For 3 year's cover, that's ludicrously cheap.
It's a limited liability company, so I've checked their details online; they are only 1 year old (I struggle to get finance on any company with < 3 year's trading results) (28/11/16 - UPDATE - It's 2 years old today!) and their accounts show a net worth of £1,200.00, with £42,100 in cash. There are two Directors who have no directorships elsewhere.
https://companycheck.co.uk/company/0933231...financials
You may wish to draw your own conclusions from that.
Mind you, even Warranty Direct's figures are interesting over the last 4 years, although they do at least have £1.4 million in cash:
https://companycheck.co.uk/company/0323301...financials 2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: FL2 as a second car
2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!)
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| 27th Nov 2016 8:25 pm |
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RobLR
Member Since: 19 Nov 2016
Location: Scottish Borders
Posts: 79
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Thanks, but they still would need to stick with T&C and pay out despite being small Lyd?
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| 28th Nov 2016 10:10 am |
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Red Merle
Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7438
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As long as they are still in business and have sufficient funds to pay out, then yes. Looking at the accounts, are you feeling confident enough to invest your funds? 2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: FL2 as a second car
2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!)
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| 28th Nov 2016 6:46 pm |
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