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Extended warranty worth it?

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Old Apr 16, 2006 | 01:34 PM
  #1  
ricoZg's Avatar
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Default Extended warranty worth it?

Do you guys think it's worth getting an extended warranty if I plan to mod the car? I plan on adding bolt-ons and later down the line a cam swap.

I'm just not sure if I want to pay for one if the dealer is going to void it due to some aftermarket part. I realize the mod has to be the cause of the problem in order for the warranty to be voided, but you know it's hard to fight a dealer.

Mike G.
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Old Apr 16, 2006 | 04:14 PM
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From: Jackson MI
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No it is not. I bought the GM one from Fitchners 6 years ago. Never had any problems after the 3 year deal. Even if I had, the cash I gave GM to extend the warrentee for 3 more years would have off set most problems. These deals are a bet you will have issues vs the GM saying you will not. You will hear folks tell you how much money they saved when part A broke but these cars are reliable. I modded the crap out of mine and it still won't break.
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Old Apr 16, 2006 | 04:22 PM
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It depends how much modding you want to do. I have an extended warranty and it's already paid itself off. Leaky rear end, completely replaced, headlights winked, had them replaced. My dealer is mod friendly so I don't really have too many issues except for not being able to put a TT on.
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Old Apr 16, 2006 | 07:25 PM
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From: Morris iL
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I have an extended warranty with 2 years left. It cost me $1264. My trip to the dealer two weeks ago for new door lock modules and repair trans leak and rear axle boot leak came to $1954 (paid under warranty). I dont have any mods, so I dont know how mods affect the extended warranty.
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Old Apr 16, 2006 | 07:31 PM
  #5  
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With owning a Vette and the number of things that could possibly go wrong you'd be miles ahead with the purchase. If you sell the car the warranty is transferrable. Try this site for a GMPP www.gmoutlet.com. Also Ken a forum sponsor gives a good deal also.
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Old Apr 16, 2006 | 07:47 PM
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I have Warranty Direct ..
Read this: http://www.carbuyingtips.com/warranty.htm
I bought Warranty Direct 4 years ago... 7 years 100,000 miles zero deductible bumper to bumper... for 1200 dollars... I paid 200 dollars the first month then 100 dollars a month for the next 10 months... with no interest..
Warranty Direct is one of the oldest extended warranty companies in the country... they were writing extended warranties years before GM and Ford ever got into the extended warranty business.. Their D&B rating is "A" Superior.. which is the highest you can get... To date : I have used them seven times.. Water pump, oil sending unit, Door control Module, and Headlight actuator control motor..[alternator, belt tensioner and idler pulley ](this was one claim ), new seat adjuster.., and a radiator recovery tank. They had paid over 3,000 dollars in claims so far , and always with a thank you and, we will be here for you if you need us again... And the Best Part is I do Not have to take it to the dealer...Although many dealers will take this warranty because it actually pays them 40 % more for labor than GM pays them... I don't have to deal with people that know less about a Corvette than I do.... No dealer 18 year old Lot jockeys lighting up my tires... No inept techs working on my car... no threats or hassles from a guy that was working at McDonald the year before.. MY repair guy has been in business 40 years.. can do anything GM can do... he doesn't have any kids working for him... I can watch... My repair shop told me that Warranty Direct is the best warranty company he has ever worked with... he even Now has his personal cars covered by them.. Never a penny out of my pocket... MY guy calls Warranty direct to open a claim... he repairs the car... calls me when it is done.. submits his repair bill Via a fax to Warranty Direct, and he gets paid right on the spot via corporate credit card,,, just as if I gave him my credit card,,,
I still have two years and 40,000 miles left on this warranty... it would be worth 4 to 500 dollars to anyone who would buy my car... if I decided to sell it.. Would I do it again...? in a heart beat !


Experience
Well over 1.5 million contracts sold.
Over $400 million in claims paid.
Over 800,000 claims paid.
Over 9,000 claims handled every month.

Stability
A Forbes Magazine Top 200 Company- three times.
Over $140 million in assets, mostly in insured claims reserve accounts.
Celebrating our 25th year in business and 10 years on the Internet.

Reliability
Over 18,000 dealers and repair facilities do business with Warranty Direct.
Over 2,200 car dealers, banks and credit unions sell our coverage.
ZERO Better Business Bureau complaints in the past 16 months.
That is over 144,000 claims without one single complaint..

Licensed and approved to do business in all 50 states.

Coverage
It's a Wear and Tear Warranty not a breakdown only warranty
A breakdown warranty means the car has to be broken to be fixed
A Wear and Tear Warranty is much better, because something could be failing, and still be fixed.. e.g.. alternator bearing starting to go bad..
A Wear and Tear claim will fix this before you get stuck..
A Breakdown Warranty means you have to be stuck somewhere before they will fix it.
The industry's most comprehensive coverage.
Wear and tear, seal and gaskets, overheating- all covered!
No restrictive, vague or fuzzy contract language.

When your vehicle breaks down or starts to fail, Warranty Direct pays.
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Old Apr 16, 2006 | 08:19 PM
  #7  
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From: Slower than a speeding bullet................ Fort Lauderdale, FL
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I just purchased a 60 month/40k mile warranty on my 2004 Z06 from Jason at Ross Downing. He had the lowest prices on GMPP warranties, and he is a supporting dealer.
It breaks down like this:
I still have 2 years of my orig. 3 year warranty, so I actually bought a 36 month/40k mile warranty. I felt it was very reasonable - $655. That breaks down to about $220 for each of the last 3 years. I find that a no-brainer. It may pay for itself with just one problem. And it has a ZERO deductible.
I know, extended warranties are not for everyone. I have never bought one until now, but feel the risk/reward worth it.
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