extended warranty???
#2
Former Vendor
Gmpp
Yes there is and I am 15 miles down the road in Laurel.
dfichtner@fichtnerchevrolet.com
406-628-4618, Ext 105
Dennis Fichtner
dfichtner@fichtnerchevrolet.com
406-628-4618, Ext 105
Dennis Fichtner
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dagartdan (12-10-2022)
#3
Drifting
Thread Starter
Yes there is and I am 15 miles down the road in Laurel.
dfichtner@fichtnerchevrolet.com
406-628-4618, Ext 105
Dennis Fichtner
dfichtner@fichtnerchevrolet.com
406-628-4618, Ext 105
Dennis Fichtner
#4
Burning Brakes
Well, I can tell you what the GMPP extended warranty was on my C6 from Feb. of this year. I received 3 years of oil changes with 27 point inspection, 48 months or 48k miles total warranty vs. standard 36/36k and tire warranty for punctures or damages all for $1200. I would of gone for 60/60 but I plan on buying a C7 soon....
#5
Drifting
Well, I can tell you what the GMPP extended warranty was on my C6 from Feb. of this year. I received 3 years of oil changes with 27 point inspection, 48 months or 48k miles total warranty vs. standard 36/36k and tire warranty for punctures or damages all for $1200. I would of gone for 60/60 but I plan on buying a C7 soon....
Not trying to cause a big fight (but only mentioning this because this is the only reference comparison I have), I have a 6-year / 80 miles extended warranty on my Z and it cost somewhere over $900. It was a offering where you could adjust years up (and lower the miles) or adjust mileage up (and lower the years of coverage).
Granted, no oil changes were included in it at all (so I don't know what value that brings to the Corvette option) but I get offers nearly everytime I need my oil changed that saves me about $25 (my oil changes cost almost $90).
I've heard all my life that these things are a ripoff and this is the first one I've ever gotten because of all the computerized stuff on my Z. So far, it's been a complete waste of money as I've had the car almost 3.5 years and nothing has ever needed a repair.
#6
Race Director
I always buy an extended warranty from the site dealers.
The prices are great and the gmmp is so inexpensive. I usually do an extra 48k miles and 48 months. ( over the 36/36k)
No fuss..no muss and even if I never use it...it's good to have. I usually do the $100 deductible..
I recommend the gmpp from forum vendors.
The prices are great and the gmmp is so inexpensive. I usually do an extra 48k miles and 48 months. ( over the 36/36k)
No fuss..no muss and even if I never use it...it's good to have. I usually do the $100 deductible..
I recommend the gmpp from forum vendors.
Last edited by JerriVette; 06-10-2013 at 06:12 PM.
#7
Drifting
Thread Starter
thanks for the info. I definitely will be getting one as I plan on keeping this care a long time and with all the tech incorporated in these cars I'm sure it will come in useful at some point. I don't normally buy these things except for cars and motorcycles where the cost can be very high on repairs out of warranty.
#12
The Consigliere
Member Since: May 2006
Location: 2023 Z06 & 2010 ZR1
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You can wait until your bumper to bumper portion of your warranty is about to expire and get the extended just prior to that.
#13
This is only my opinion.
I think extended warranties have their place.
But first, in general, I feel they are expensive and not really worth their cost in a dollar for dollar analysis (payout vs cost) across all subscribers. Some companies make it a sport to deny coverage or make it difficult to use the warranties and many are very limited in what they cover (i.e.: maybe only engine and drivetrain) Adding coverage for other components or bumper-to-bumper can be hideously expensive.
That said...if the owner is cash reserve poor, and a big repair would mean parking the car or taking out a loan to fix it, then I say take the coverage, fold it into your payments and breathe easier.
If the owner is able to cover the cost of a big post warranty repair and not wince too much, then in the long run and statistically (with modern and generally high reliability cars) in most makes, it is probably better to just pay for the repairs if they crop up. Roll the dice.
Everything has to be evaluated on an individual basis and one must do what makes sense for their particular situation.
Also, it's apparently never too late. My 2010 Mercedes is nearing the end of its factory warranty and I've received at least 9 mailings from companies trying to sell me an extended warranty in the past month or two. One could make the argument to wait through the warranty period, see how big a repair ***** your car is and act accordingly when these offers inevitably crop up. Similar offers appeared with my wife's Mini and my son's VW Jetta as they approached the end of warranty.
I think extended warranties have their place.
But first, in general, I feel they are expensive and not really worth their cost in a dollar for dollar analysis (payout vs cost) across all subscribers. Some companies make it a sport to deny coverage or make it difficult to use the warranties and many are very limited in what they cover (i.e.: maybe only engine and drivetrain) Adding coverage for other components or bumper-to-bumper can be hideously expensive.
That said...if the owner is cash reserve poor, and a big repair would mean parking the car or taking out a loan to fix it, then I say take the coverage, fold it into your payments and breathe easier.
If the owner is able to cover the cost of a big post warranty repair and not wince too much, then in the long run and statistically (with modern and generally high reliability cars) in most makes, it is probably better to just pay for the repairs if they crop up. Roll the dice.
Everything has to be evaluated on an individual basis and one must do what makes sense for their particular situation.
Also, it's apparently never too late. My 2010 Mercedes is nearing the end of its factory warranty and I've received at least 9 mailings from companies trying to sell me an extended warranty in the past month or two. One could make the argument to wait through the warranty period, see how big a repair ***** your car is and act accordingly when these offers inevitably crop up. Similar offers appeared with my wife's Mini and my son's VW Jetta as they approached the end of warranty.
#14
Pro
I'm sure the extended warranties from the dealers are good, but they are a very high profit margin item, which is why they push them so hard.
I usually get my extended warranties through my credit union and it is often over 50% less than those quoted dealers I've dealt with when buying a car. I've done this 7 or 8 times on different brands and the credit union ALWAYS has a substantially lower rate for the equivalent coverage than was quoted by the dealer. I've used the extended warranties for repairs more than once (one was a blown head gasket at 85,000 miles and cost the insurer a pretty penny and they didn't blink an eye) and the service has been trouble-free.
If you prefer the dealer warranty, remember that dealers can and will negotiate on extended warranties, as well, so you may be able to strike a better deal than what they initially quote. I know this because upon learning that I intend use my credit union, most dealerships have lowered their prices on the extended warranty by a fair amount. They just aren't able/willing to lower it enough to compete with the credit union warranty price.
I do think they are worthwhile, just not at the standard rate initially quoted by most dealers.
I usually get my extended warranties through my credit union and it is often over 50% less than those quoted dealers I've dealt with when buying a car. I've done this 7 or 8 times on different brands and the credit union ALWAYS has a substantially lower rate for the equivalent coverage than was quoted by the dealer. I've used the extended warranties for repairs more than once (one was a blown head gasket at 85,000 miles and cost the insurer a pretty penny and they didn't blink an eye) and the service has been trouble-free.
If you prefer the dealer warranty, remember that dealers can and will negotiate on extended warranties, as well, so you may be able to strike a better deal than what they initially quote. I know this because upon learning that I intend use my credit union, most dealerships have lowered their prices on the extended warranty by a fair amount. They just aren't able/willing to lower it enough to compete with the credit union warranty price.
I do think they are worthwhile, just not at the standard rate initially quoted by most dealers.
#15
Team Owner
Member Since: Sep 2000
Location: Far NW 'burbs of Chicago
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St. Jude Donor '13
The only cars I buy extended warranties for are Corvettes.
We unfortunately made money with the GMPP on our 2001
We unfortunately made money with the GMPP on our 2006.
We are unfortunately well on track to make money with the GMPP on our 2009, with 4 yrs/35k miles to go.
If GM ever gets their quality act together, I would be happy to not buy GMPP any more. And then we'd start buying GM cars for the family. I'm not holding my breath...
We unfortunately made money with the GMPP on our 2001
We unfortunately made money with the GMPP on our 2006.
We are unfortunately well on track to make money with the GMPP on our 2009, with 4 yrs/35k miles to go.
If GM ever gets their quality act together, I would be happy to not buy GMPP any more. And then we'd start buying GM cars for the family. I'm not holding my breath...
#16
Advanced
Try Costco. I just bought one a week ago for my 2006 and yes used it already. Ugh. It covers my car for 3 years 36k from the current year and milage you have. Mine is good until 2016 or 78k. It covers almost everything but maintanence items and was hassle free when i took it in the other day. $100 deductible
#17
Instructor
Member Since: Apr 2013
Location: Copperas Cove Texas
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Just traded my 2006 C6. I had no extended warranty for seven years. Replaced a license plate light. I won't get an extended warranty on my C7 either!! If you plan on driving your car hard, you may opt for the extended warranty.
#18
Racer
Member Since: May 2008
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My philosophy on insurance (and the extended warranty is insurance) is that only insure what you cannot afford to replace. Someone is making a profit on the insurance and in the long run you will profit by self insuring.
In the extreme, years ago when I got my first Corvette (a C5), the insurance collision portion with 500 deductible was around $1400, but with $1000 deductible it was around $800. So for one year I would pay $600 more to save $500 on the deductible if I had a claim.
In the extreme, years ago when I got my first Corvette (a C5), the insurance collision portion with 500 deductible was around $1400, but with $1000 deductible it was around $800. So for one year I would pay $600 more to save $500 on the deductible if I had a claim.