[Z06] Went GMPP shopping last week...
Thread Starter
Melting Slicks
Joined: Nov 1999
Posts: 2,460
Likes: 352
From: Madison Alabama
Went GMPP shopping last week...
…thought I’d share my results in case someone else is shopping the same. I contacted each dealer below (with exception to the local dealer) via contact info from postings on the Forum concerning GMPP sales. After reading about $4K tranny repair tickets here and on Z16.org 
I’m convinced $1100 dollars now is a no brainier!
Prices are for a GMPP Major Guard 60 Month/50K mile plan with a $200 deductible.
Ross Downing $1090
Black $1170 (offered a $30 discount if I bought before 2/28)
Fichtner Chevrolet $1215
Bill Heard (local dealer) $1290
I’m the type that runs max deductible’s on his insurance so as to drive the monthly price down…as an extended warranty is the same as insurance I’ve done the same, hence the $200 deductible.
I told Jason at Ross Downing that I’d leave his contact info for anyone else looking…he requested you call him direct at 800-417-5162.
Thanks for the help Jason!
I’m convinced $1100 dollars now is a no brainier! Prices are for a GMPP Major Guard 60 Month/50K mile plan with a $200 deductible.
Ross Downing $1090
Black $1170 (offered a $30 discount if I bought before 2/28)
Fichtner Chevrolet $1215
Bill Heard (local dealer) $1290
I’m the type that runs max deductible’s on his insurance so as to drive the monthly price down…as an extended warranty is the same as insurance I’ve done the same, hence the $200 deductible.
I told Jason at Ross Downing that I’d leave his contact info for anyone else looking…he requested you call him direct at 800-417-5162.
Thanks for the help Jason!
Safety Car
Joined: Dec 2004
Posts: 3,737
Likes: 217
From: Arizona AZ
Have you checked Warranty Direct? I almost bought from Fitchners until I contacted Warranty Direct. I made the mistake of buying the extended warranty while the car was in the middle of it's factory warranty. I ended up sellign the car to a guy in Canada and Warranty Direct only reimbursed me @$1,000 of the $1455 I paid for it. When I sold the car to the guy it was STILL under the factory warranty yet Warranty Direct kept $455 and I didn't even use it. I believe the best time to buy it just before the factory warranty expires. I may be wrong and hope someone knows exactly when is the best time to buy. I just threw this in here to show you you have another option with Warranty Direct but be careful........they are out there and they want your mod money. Good luck on your decision.
By the way Warranty Direct was not available in Canada otherwise I would have tried to sell the extended warranty to the buyer. And with GM's stock holdings, are you sure you want them holding your money for extended warranty work? Just some afterthoughts
By the way Warranty Direct was not available in Canada otherwise I would have tried to sell the extended warranty to the buyer. And with GM's stock holdings, are you sure you want them holding your money for extended warranty work? Just some afterthoughts
Thread Starter
Melting Slicks
Joined: Nov 1999
Posts: 2,460
Likes: 352
From: Madison Alabama
I tried the Warranty Direct route (actually have them on my '01 Mitsu Spyder GT)...I get a prompt message from the website "Sorry, we do not offer coverage on this vehicle" the second I enter Corvette, Z06. Apparently they will cover a Corvette, just not a Z.
As for GM long-term viability...you just gotta believe...even if they go into bankruptcy proceedings things like warranty coverage will hold...or at least that's the gamble I'll take. If GM goes down we (not just the US, most of North America) will have bigger problems than we know...but then that’s just a good ole boy in Alabama’s point of view!
As for GM long-term viability...you just gotta believe...even if they go into bankruptcy proceedings things like warranty coverage will hold...or at least that's the gamble I'll take. If GM goes down we (not just the US, most of North America) will have bigger problems than we know...but then that’s just a good ole boy in Alabama’s point of view!
Safety Car
Joined: Dec 2004
Posts: 3,737
Likes: 217
From: Arizona AZ
Originally Posted by 2TONE82
I tried the Warranty Direct route (actually have them on my '01 Mitsu Spyder GT)...I get a prompt message from the website "Sorry, we do not offer coverage on this vehicle" the second I enter Corvette, Z06. Apparently they will cover a Corvette, just not a Z.
As for GM long-term viability...you just gotta believe...even if they go into bankruptcy proceedings things like warranty coverage will hold...or at least that's the gamble I'll take. If GM goes down we (not just the US, most of North America) will have bigger problems than we know...but then that’s just a good ole boy in Alabama’s point of view!
As for GM long-term viability...you just gotta believe...even if they go into bankruptcy proceedings things like warranty coverage will hold...or at least that's the gamble I'll take. If GM goes down we (not just the US, most of North America) will have bigger problems than we know...but then that’s just a good ole boy in Alabama’s point of view!
ALABAMA????????????????????????????????? Did you guys rejoin the UNION?
Juss kidding.............yea I agree about GM but I would hate for them to take MY contract with them and do like they are doing with their retirees now and renegotiating their benefits. And if GM does claim bankruptcy....I just wonder if they will honor these contracts.......almost like the airlines screwed some of their retirees....and then there is ENRON.............
I am not advocating gloom and doom just trying to throw other choices into the matter
Thanks for the info on the Z and GMPP, I did nto know that. It was worth getting up this morning now...............
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by azmusclecar
And if GM does claim bankruptcy....I just wonder if they will honor these contracts........
There have been several aftermarket warranty companies go out of business, but GM is still here. I think it is more likely that another warranty company will go out of business and leave you hanging than GM.
I also found that Ross Downing had the cheapest GMPP price.
60 month/40,000 miles/ $100 ded. was only $1070, about $550 below the GM suggested retail price of $1620.
Race Director
Joined: Jan 2000
Posts: 10,054
Likes: 264
From: Slower than a speeding bullet................ Fort Lauderdale, FL
Originally Posted by TEXHAWK0
There have been several aftermarket warranty companies go out of business, but GM is still here. I think it is more likely that another warranty company will go out of business and leave you hanging than GM.
I also found that Ross Downing had the cheapest GMPP price.
60 month/40,000 miles/ $100 ded. was only $1070, about $550 below the GM suggested retail price of $1620.
I also found that Ross Downing had the cheapest GMPP price.
60 month/40,000 miles/ $100 ded. was only $1070, about $550 below the GM suggested retail price of $1620.
If bought before car is 1 year old and under 12k miles is one price,
and over that limit is a lot more. At least with GMPP.
I plan to buy my GMPP just before my Z16's first b'day.
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by Mr. Wonderful
Be aware that prices vary according to when you purchase.
If bought before car is 1 year old and under 12k miles is one price,
and over that limit is a lot more. At least with GMPP.
I plan to buy my GMPP just before my Z16's first b'day.
If bought before car is 1 year old and under 12k miles is one price,
and over that limit is a lot more. At least with GMPP.
I plan to buy my GMPP just before my Z16's first b'day.
I plan to buy my GMPP the day before the factory warranty expires.
I think you will find that the cost is about the same per month of extra coverage no matter when you buy it. The coverage starts "when you buy it" so the cost appears to be cheaper if you buy it before the factory warranty expires because the factory warranty is still in effect. If you wait until the factory warranty expires, then you get the GMPP coverage for the full number of months you are buying the plan for. For example, if you buy a 48 month GMPP with 24 months left on the factory warranty, you really only get 24 months additional coverage. If you buy the same plan at the end of the factory warranty, you get the full 48 months of extended coverage, so you would expect the total cost to be higher.
Race Director
Joined: Jan 2006
Posts: 10,554
Likes: 33
From: Not on either liberal coast.
We bought an extended warranty on our '96 Impala SS with miles still remaining on the original factory warranty. The extended warranty didn't begin until the original warranty expired (per the contract). The identification card showed the mileage and date of expiration at the full length of the extended 3 yrs./36,000 mile of the contract. The same was true with our '02 Trailblazer LTZ.
The older the vehicle and/or higher mileage of the vehicle does effect the initial cost of the extended warranty. If/when I buy a Z06, I'll probably purchase the extended warranty for that reason.
The older the vehicle and/or higher mileage of the vehicle does effect the initial cost of the extended warranty. If/when I buy a Z06, I'll probably purchase the extended warranty for that reason.
Last edited by hotwheels57; Mar 2, 2006 at 02:25 PM.
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Race Director
Joined: Jan 2000
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From: Slower than a speeding bullet................ Fort Lauderdale, FL
Originally Posted by TEXHAWK0
I plan to buy my GMPP the day before the factory warranty expires.
I think you will find that the cost is about the same per month of extra coverage no matter when you buy it. The coverage starts "when you buy it" so the cost appears to be cheaper if you buy it before the factory warranty expires because the factory warranty is still in effect. If you wait until the factory warranty expires, then you get the GMPP coverage for the full number of months you are buying the plan for. For example, if you buy a 48 month GMPP with 24 months left on the factory warranty, you really only get 24 months additional coverage. If you buy the same plan at the end of the factory warranty, you get the full 48 months of extended coverage, so you would expect the total cost to be higher.
I think you will find that the cost is about the same per month of extra coverage no matter when you buy it. The coverage starts "when you buy it" so the cost appears to be cheaper if you buy it before the factory warranty expires because the factory warranty is still in effect. If you wait until the factory warranty expires, then you get the GMPP coverage for the full number of months you are buying the plan for. For example, if you buy a 48 month GMPP with 24 months left on the factory warranty, you really only get 24 months additional coverage. If you buy the same plan at the end of the factory warranty, you get the full 48 months of extended coverage, so you would expect the total cost to be higher.
Now, if I wait until the factory warranty is near expiration, and buy a 36mo./24k warranty, the cost is a little over $800. This price is for vehicles with less than 24k miles. Between 24k and 36k, the price for 36mo./24k is just over $1,300.
Please correct me if these figures are wrong.
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by Mr. Wonderful
My research has revealed this: I can buy a 60mo./40k warranty before the car reaches one year old and under 12k miles for about $700. By doing this, in reality, I am buying an extra 3 years coverage on my car.
Now, if I wait until the factory warranty is near expiration, and buy a 36mo./24k warranty, the cost is a little over $800. This price is for vehicles with less than 24k miles. Between 24k and 36k, the price for 36mo./24k is just over $1,300.
Please correct me if these figures are wrong.
Now, if I wait until the factory warranty is near expiration, and buy a 36mo./24k warranty, the cost is a little over $800. This price is for vehicles with less than 24k miles. Between 24k and 36k, the price for 36mo./24k is just over $1,300.
Please correct me if these figures are wrong.
What causes the jump in price in the last case (>24,000 miles) is that total miles also is a factor. As long as the miles are staying relatively low, the cost per month stays close, but as the miles increase, the gap widens between plans.
For example, I found that I would probably pay $1,070 for a 60/40 plan, but I might not be willing to pay $2,400 for a 84/56 plan. That would be over twice the cost just to add 2 extra years, with both plans starting at the same time.
The total cost may be slightly higher if you buy later, but I was comparing the cost per month when I said they are about the same.
$735 / 36 = $20.40 per month and 840/36 = $23 per month.
Last edited by TEXHAWK0; Mar 2, 2006 at 07:52 PM.
Le Mans Master
Joined: Sep 2003
Posts: 8,847
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From: Longview Texas
Originally Posted by hotwheels57
We bought an extended warranty on our '96 Impala SS with miles still remaining on the original factory warranty. The extended warranty didn't begin until the original warranty expired (per the contract).
Not sure when it changed, but that is not the way it is now.
If you buy a GMPP now, the time and mileage start when you buy it, regardless of whether you buy it at 11 months or 35 months.
Thread Starter
Melting Slicks
Joined: Nov 1999
Posts: 2,460
Likes: 352
From: Madison Alabama
Adding to the confusion...Jason at Ross Downing told me the warranty I purchased adds 60 months and 50K miles to the existing...so 60 months from purchase date = 3/2011 (I had the program effective 3/1/2006) and 62K miles (approx. 12K on the car now plus the 50K extended)...I should get the paperwork tomorrow...I'll let you know what it says. Regardless, key factor was the car is still under factory warranty. If beyond 36/36 - no way they could sell me a warranty.
Race Director
Joined: Jan 2000
Posts: 10,054
Likes: 264
From: Slower than a speeding bullet................ Fort Lauderdale, FL
Originally Posted by 2TONE82
Adding to the confusion...Jason at Ross Downing told me the warranty I purchased adds 60 months and 50K miles to the existing...so 60 months from purchase date = 3/2011 (I had the program effective 3/1/2006) and 62K miles (approx. 12K on the car now plus the 50K extended)...I should get the paperwork tomorrow...I'll let you know what it says. Regardless, key factor was the car is still under factory warranty. If beyond 36/36 - no way they could sell me a warranty.
Again, it seems to me the best time to purchase GMPP is before your car reaches a year old, and less than 12k miles.
Guest
Posts: n/a
Guys, I'm going to ask a newbie-ish question, so feel free to send me a reference link.
My car has ~34K miles and meets the time in August this year ('03 Z06). I have been toying with the idea of getting GMPP, but would like to know exactly how it works.
-So, I can buy it anywhere in the country, but can still take my car in to any dealer I choose? (i.e. local) How does that work - you have some sort of card you show the dealer you take your car to?
-Coverage is the same as bumper-to-bumper GM original warranty?
-GM is the seller of this particular warranty, not a third-party?
No need to get into a time value of money discussion - I'm interested in the peace of mind that comes with the warranty. I'd appreciate any help you can offer.
My car has ~34K miles and meets the time in August this year ('03 Z06). I have been toying with the idea of getting GMPP, but would like to know exactly how it works.
-So, I can buy it anywhere in the country, but can still take my car in to any dealer I choose? (i.e. local) How does that work - you have some sort of card you show the dealer you take your car to?
-Coverage is the same as bumper-to-bumper GM original warranty?
-GM is the seller of this particular warranty, not a third-party?
No need to get into a time value of money discussion - I'm interested in the peace of mind that comes with the warranty. I'd appreciate any help you can offer.
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by Mr. Wonderful
Again, it seems to me the best time to purchase GMPP is before your car reaches a year old, and less than 12k miles.
As the miles and months go up, the best time to buy can reverse.
If I were going to buy an 84mo./56K/$0 ded. plan with less than 12mo./12K miles on the car (24 months left on the factory warranty), it would cost about $1,900.
If I waited until 36 mo. and less than 24K miles, and bought a 60 mo./40K /$0 ded. plan, it would only be $1,385.
Race Director
Joined: Jan 2000
Posts: 10,054
Likes: 264
From: Slower than a speeding bullet................ Fort Lauderdale, FL
Originally Posted by TEXHAWK0
Everyone needs to evaluate their situation depending on the term and mileage they want to extend the warranty for.
As the miles and months go up, the best time to buy can reverse.
If I were going to buy an 84mo./56K/$0 ded. plan with less than 12mo./12K miles on the car (24 months left on the factory warranty), it would cost about $1,900.
If I waited until 36 mo. and less than 24K miles, and bought a 60 mo./40K /$0 ded. plan, it would only be $1,385.
As the miles and months go up, the best time to buy can reverse.
If I were going to buy an 84mo./56K/$0 ded. plan with less than 12mo./12K miles on the car (24 months left on the factory warranty), it would cost about $1,900.
If I waited until 36 mo. and less than 24K miles, and bought a 60 mo./40K /$0 ded. plan, it would only be $1,385.
Burning Brakes
Joined: Sep 2005
Posts: 1,208
Likes: 2
From: Long Beach CA
Originally Posted by HadAZ06
Guys, I'm going to ask a newbie-ish question, so feel free to send me a reference link.
My car has ~34K miles and meets the time in August this year ('03 Z06). I have been toying with the idea of getting GMPP, but would like to know exactly how it works.
-So, I can buy it anywhere in the country, but can still take my car in to any dealer I choose? (i.e. local) How does that work - you have some sort of card you show the dealer you take your car to?
-Coverage is the same as bumper-to-bumper GM original warranty?
-GM is the seller of this particular warranty, not a third-party?
No need to get into a time value of money discussion - I'm interested in the peace of mind that comes with the warranty. I'd appreciate any help you can offer.
My car has ~34K miles and meets the time in August this year ('03 Z06). I have been toying with the idea of getting GMPP, but would like to know exactly how it works.
-So, I can buy it anywhere in the country, but can still take my car in to any dealer I choose? (i.e. local) How does that work - you have some sort of card you show the dealer you take your car to?
-Coverage is the same as bumper-to-bumper GM original warranty?
-GM is the seller of this particular warranty, not a third-party?
No need to get into a time value of money discussion - I'm interested in the peace of mind that comes with the warranty. I'd appreciate any help you can offer.
It will show up when dealer runs your VIN
Yes and no, Depends on what plan you purchase and repairs needs approval from gmpp first. You go in the door with a diagnosis charge first. Gmpp may send an adjuster out for inspection of your car if excessive claims or cost is involved. Claims can be denied because of modified parts. I've seen claims denied because aftermarket parts installed.
yes, not third party
Last edited by 99FewteRC5; Mar 4, 2006 at 03:17 AM.
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by Mr. Wonderful
One of the things you are not taking into account is the fact that these warranties keep going up in price each year. You don't know what it will cost 2 years from now. It certainly won't be the same price as today.
Actually, I have considered that, along with the fact that if I hold on to my $1900 an extra 2 years by not purchasing early, I will have also earned money to help pay for a future increase. GM usually announces any price changes once a year around October or November, and I plan to purchase an extended warranty sometime in September.
In my example above, where the cost is $1900 vs $1385 to buy later, the cost would have to increase $515, or over 37% in two years for me to lose money. If I earned 5% for two years on my $1900, that would be another $190 to apply toward the future purchase.
For comparison, I found a GMPP table from 2003 and the GM suggested price of a 60/40/$100 plan purchased on a car with less than 24,000 miles was $1480. The same plan 2 years later in 2005 lists for $1620, an increase of $140.
I am still glad I did not purchase the warranty back in 2003 when the plan for 84/56/$100 (same coverage) for a car with less than 12,000 miles and 12 months old listed for $1,940.
Last edited by TEXHAWK0; Mar 5, 2006 at 06:43 PM.
Racer
Joined: May 2005
Posts: 403
Likes: 1
From: Fort Lauderdale
My 04 Z has 26k on it. I got a quote from local dealership for a 36/36/0 for $3000
Fichtner quoted me almost half at about $1750
Thing is, I am not sure if I should wait until 35000 miles or just do it now...
Fichtner quoted me almost half at about $1750
Thing is, I am not sure if I should wait until 35000 miles or just do it now...
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by z0quick
My 04 Z has 26k on it. I got a quote from local dealership for a 36/36/0 for $3000
Fichtner quoted me almost half at about $1750
Thing is, I am not sure if I should wait until 35000 miles or just do it now...
Fichtner quoted me almost half at about $1750
Thing is, I am not sure if I should wait until 35000 miles or just do it now...
Remember, the extended warranty starts when you purchase it. Whether you buy now or wait depends on how much of the factory warranty you are willing to give up. I am going to wait until just before my factory warranty expires in September on my 04 Z06. I got mine in 2003, so you probably have more factory warranty left than I do. Also keep in mind that GM announces price increases in October or November.