rpm462

I'm flying out to Austin, TX tomorrow to take a look at two vettes on Monday, a 2002 and a 2003 and maybe finally get one after a few months of searching.

I called Fichtner's Chev and they checked and they're both out of the factory warranty so the GMPP is not an option (really appreciated their help). One dealer is offering a warranty from GMAC; 4 yrs or 50,000 miles $100 deductible for the 2002 and the other dealer is offering one from some company called AUL Corp for $2100, 5 yrs, 50,000 miles, 0 deductible. Both corvette dealers said their warranties were good at any dealer, but Fichtner's said there were a lot of "fly-by-night" warranties out there. Has anyone heard of either of these warranties? Good or bad? Any input would be appreciated. Really don't want to throw my money away on a warranty that might be worthless.

c5BlackBeauty

Don't know the companies, but I would be guided by Ken's advice. Not to state the obvious but did you try running them via the internet to see what you might come up with? Also, you might want to PM Forum Member Sponge Vette. He seems to have lot of access to information about vettes and he may have heard of these guys.

Vetteman Jack

If I'm not mistaken, GMAC is the financing arm of General Motors (General Motors Acceptance Corporation). I would think that they would be a better bet than the other one. Why not check with Warranty Direct and see what they have to say. They are a major aftermarket warranty company.

rpm462

Thanks...I did look up the AUL Corp website which was very vague and referred you to the dealer for the details....will look up GMAC now that I know what it stands for and also Warranty Direct.

eddie44

Just in case you haven't been keeping up with the financial news, GMAC was recently sold to a Chinese company. I would wonder what kind of pull your dealer would have if there were a dispute on coverage? Just my .02

chocoholic

Huh???????????

For example, here's what the rest of us read about. When exactly did all of GMAC get sold to China?

rgtkst

the warranty thru GMAC is actually a GMPP warranty they are the service contract insurers for gm extended warranties. it can be sold on a used vette out of factory warranty. from a gm dlr who is selling the car to you. fitchners cant offer it to you because THEY are not selling you the car. must be sold by selling dlr who did the used car safety/mechanical inspection.

rgtkst

not the correct info, 51% sold to a large company that does have some japanese investers involved. actually did more help to gmac than harm. a large majority of gmac is corp. and commercial property finance. a very large homelender also. what they did was liquidate some of their assets in accounts recieveables to free up HUGE cash flow. kinda like cashing in a time deposit or withdrawing some money out of a savings account sorta speak

sailohio

Warrantee Direct

azmusclecar

Why not Google USED CAR WARRANTIES and then check their sites and see which ones have an AM Best rating. I had one with Warranty Direct and they seemed to be financially solvent but no one knows how long that lasts anymore with all the executive corruption going on. Even Hyandai exec had a lot of explaining so it's just not American business. Get as much info as you can and make your decision from there. Good luck on your choice.

rpm462

I appreciate everyone's input...nice finding out you always come through with some helpful info.

rgtkst

i paid less than $1300 for gmpp major gaurd for a 3yr/30k on a 2000 cpe
granted that is a hair over dlr cost. but just a little guide for ya to use
gmpp major gaurd is the easiest and most comprehensive i have dealt with. never delt with warranty direct before, so dont know about its coverage. have heard of them not allowing coverage for a simple vararamm intake being installed though. with no other mods to the car. if you can i suggest gmpp. like fitchners said they are the preferred. just make sure its major gaurd and pic the deductible. call them back tell them its a dlr you are buying the car from that sells gmpp and he will tell you its available from them for your car. only gm dlrs can sell these to customers.

eddie44

Sorry, guess I was misinformed! If it was just accounts receivables that were sold there is no problem. If it was 51% of the company I'd be suspect. Doesn't mean I wouldn't buy one.

Craig Wagner

I just paid $1300 on the nose for a 4 yr/32k mile GMPP Major Guard on a 2003 Coupe.

rgtkst

you are a shrewed negotiator!!!!!!! you did good!!!

compareble dlr cost considering the age diff of the cars

you have just purchased great piece of mind and security. my nieghbor came over to help, (watch) me do a brake fluid flush today and informed me the gmpp he purchased for his 03 tahoe just paid for itself three fold. his cam shaft flattened out. just a hair under $3300 to fix. cost him $100 deductible. THEY DO PAY OFF!!! i have used them on all but one car. not all paid for themselves but when you add the big repairs on some and average out, they did. and some.

Craig Wagner

Funny thing is, I didn't negotiate that hard. I went to four dealerships in the metro area. The first quoted me $2000, the second $1650, the third $1400. When I went to the fourth he asked what quotes I'd gotten so far, so I told him. He said, "How about $1300?"

I guess sometimes all it takes it to shop around.

rgtkst

ok i have to ask.........who did you buy it from???? initials will tell me. was it on the east side or west side?? or...... down south?? come on, tell me!!!!! it cant be north of town. your in tigard. so i know where you probably started. CA** chev, then i would guess went south to wilso****** chev, then went either down town to went***** chev, then probably to milwaukie to Town&******* chev, or maybe one of the small stores outside of town. who was it????? did you buy the car there?? most people on the forum think you cant buy a gmpp after the fact. i have tried to tell them thats not true...... but..... i have tried to explain how. i guess its better left un mentioned. if you dont want to post it you have to pm the info inquireing minds want to know you could not have went far east to subu**** chev?? and got something for a vett!!!!!!!!!

eddie44

It amazes me how many folks say "extended warranties pay off". Yes, I agree that occassionally they will cover a major repair for someone. Folks GM and all the other companies are selling you an insurance policy. They are not going to loose money on a product or they wouldn't be in business. You are gambling against the company and I can tell you in the long run whose going to win and I'll tell you they win big money on this gamble.

Craig Wagner

So many questions.

I bought the car at The Chevy Store on Stark. Nice folks to deal with I felt, and the quality of their cars is generally the best in town.

For the GMPP I went to Russ in Tigard ($2000), Wentworth ($1650), Wilsonville ($1400), and Loren Berg in Newberg ($1300). Because of where I am located in Tigard (on 99w across from King City), Newberg is arguable as convenient as Wilsonville.

The $1300 covered the cost of the inspection as well.

rgtkst

i forgot about loren. well i guessed two right.
see the guy a few up from your last post, doesn't feel them a good thing to have i guess. like i said earlier. when i averaged my experience with them on several cars it has paid off for me and some!!!!!! not to mention i always buy more time than i know i will need so i can cancel them when i trade in and get a prorated portion back.