My warranty runs out in June. Where and how much sould I be paying for an extended warranty? Also who has the best warranty.

 

Contact Ken Fitchner (sp?) for the best prices around on GMPP.

 

I have the LPE 500HP heads and cam package. Will the extended warranty be benificial with my mods. My warranty expires in Jan. of 06. Do dealers give you a hard time if your vehicle is souped up?
Thanks.

 

I would bet that most dealers would void coverage on internal engine parts and possibly drive train components (trans, rear end) due to increased strees from the extra horsepower (or at least that would be thier excuse). The warranty would still cover everthing else and who knows if your dealer is cool they may even warranty the stuff I mentioned above but thats a gamble you will have to take if you have a problem.

 

I agree, contact Ken Fitchner. He is the expert. Ken was a major help to me and his advice was rock solid. Thanks Ken.

dave

 

Go to www.gmpponline.com, enter your VIN (or your reference code if you have recently received an extended warranty request form) and the different GM extended warranty options are easily viewed.

 

Do you have a way to contact this Ken? Please send to me if so.

 

be sure you contact jason walter at ross downing chevrolet before buying. he beat ken's prices by a good amount, believe me on this one, call jason. read the z06vette.com board if you want further confirmation.

1-800-417-5162

 

no warranty will cover damage caused by your aftermarket goodies.they'll cover other stuff,but a failure due to the goodies and you're on your own.

 

Just marking this for later

 

 

I bought my GMPP through Jason today.

$1215 Saved myself a good $1k

Jason is low man so far in my search. He beats Fincher, and Bob Thomas. He is $100 over dealer's cost as best as I can tell. Bob Thomas is $200 over. Fincher is $225 to $275 over.

Jason Walter: Sales Manager
Department: New Vehicles
Phone: 800-417-5162
Email at: jasonwalter@rossdowningchevrolet.com

 

Werd see my post ^^^^

 

I paid 1k for 6 year 60k miles when i bought it, if that helps as a point of reference. 1215 is awfully close to what i paid at purchase new. Sounds like a great price

 

Extended warranties are GM's highest profit margin item, which means they are a bad deal for you. Someone earlier said they are a wash. Nothing could be further from the truth. When GM makes a lot of money, it is the customer's who pays that money, it doesn't fall from the sky.

I am not saying that insurance to protect you from catastrophies is a bad idea, what I am saying is that extended warranties are way over priced. How many of you would think nothing of paying $10 a gallon for gas today? You all understand gas pricing, and realize that would be way too high. How many of you understand the economics of extended warranties? When you buy these extended warranties, you are, in essence, paying $10 a gallon for gas. If I told you that the average extended warranty costs GM $100 and they charge $1,000 each, you would probably think their profit is excessive. Guess what guys that is what they are doing. There are going to be a few people who will tell you about how much the extended warranty saved them once, just like you will read about how rich a state lottery made some individual, but what about all of the rest who paid big bucks and got nothing in return?

One of the things to note is what they don't cover. Like all insurance they have exclusions. Many of them have conditons (like going in for a check up on a certain date) that you must comply with, which many people forget.

Most products tend to fail initially, if they are faulty, and then much later when they wear out. In between they generally perform flawlessly. Guess what period the extended warranty covers - that flawless period.

I have had many new cars and products during my lifetime and the only ones that I can think of that failed during the extended warranty period was a computer monitor.

In summary, extended warranties are a very, very bad buy overall for consumers. Instead of buying them, invest the extended warranty money yourself and self insure. In the long run you will be much further ahead.

 

That's your opinion...and I say you're

 

AS the purchaser of an extended warranty, that I paid 1,000 dollars for at purchase (of a new 04 Z), I will say you make many valid points. I agree about the profit margin being huge for GM. Howvever this is the average market value to the general public. My point being is yes they may cost GM 100 dollars but thay don't sell them for that, if you want one its gona cost about 1k. I have never bought one on any other car I have owned. However and I may be rationalizing my purchase a bit, but I looked at my Z as a car I planned to keep, and knew I would not put that many miles on it. So agreeing that most problems show up early, and knowing that my car has just 2,500 miles after 1.5 years. I figured 1k for a 6 year period would be worth the extra protection.

Your point about 10 dollar a gallon gas is not exactly valid, all due respect. your point is we know what gas sells for and as a result would not pay 10/gal. True, but the original poster was looking for the lowest priceed EXT War. I think he found it. It may have only cost GM 100 but he could not find it lower anywhere else. If gas were 10/gal everywhere you'd pay it, yes.

Your point about it not being a wise investment of money, my words. Is true, most of the time you never need it and thats what you hope for, but is this not the same for all ins products. The reason I agree with you but choose to but it anyway is this: Its the most expensive car i have ever purchased, I cannot work on cars, and this car is not as simple as my wifes Sable Station wagon, nor is it as cheap to have work done on. So I made an exception to the rule and bought it.

If I never use it GM won 1k for nothing but if I lose a water pump or something at 5 years I am hoping they will honer my warranty.

Last point many things we buy have outlandish mark ups, as this product does, but we can't get access without paying the Corporate price. In example I am a Pharmacist, I used to own my own store (it burned down but I got lucky and sold to a chain). What if I told you many Brand name drugs cost 4 dollars a capsule and when the go generic they cost .026 cents a capsule. That is an example of a specific drug and I can give many far more outragish examples. What if I told you, the company insurance card you have for processing your prescriptions was charging you for your insurance and making 12.85 dollars average on every prescription claim you make. True

My point is this corporate america is ripping us off all the time, sometimes people, like you and I, understand what and how they are doing what they are doing. In this case, the GM warranty, I made an informed decision to buy one, I understood the mark up and never bought one before or will again, except on another Vette . But I can give you multiple examples of how this happens everyday in healthcare, where you don't have a choice, you may need what the are selling to stay alive. I could go on, but I've already bored you all enough.

You made very good points everyone should know before buying an Extended warranty. But knowing them some of us may choose to buy them anyway. Its the uniformed buyer that I worry about, we all need to know what you posted to make an informed decision, we just may not make the same choice.

 

The GMPP covers just about everything the factory warranty does. Areas it does not cover are clearly called out and there are not many of them and are the ones you would expect like wear out items such as clutches, brake rotors, pads, and body parts. If somebody gets a 6 year extension for $1K they are going to have a high probability of at least one expensive repair during that time. One I can think of is the rocking seat fix which is around $750. Throw in a couple of other items of lower cost and you have broken even. If you track your car the numbers go more in your favor. The dealers seem eager to do GMPP work for some reason. I don't know why but my local dealers jump all over it when I come in with a problem and have the GMPP.
Bill

 

Thats also good to know

 

I belive they are eager to do the work because they will send the bill back to GM for any parts and such.