gmpp question
Thread Starter
Team Owner
Joined: Feb 2000
Posts: 51,504
Likes: 6
From: Sacramento CA
gmpp question
If I buy a 36 month 45,000 mile GMPP warranty,
And I currently have 27,000 miles on the car, (Its under warranty for 6 more months.) (Car originally titled 01/22/2004)
Does that mean that:
A) GMPP expires at: 72,000 miles? (27+45)
B) Or at 81,000 miles? (36+45)
A) And expires August 2009
B) Or, January 2010 (Based on factory warranty.)
And I currently have 27,000 miles on the car, (Its under warranty for 6 more months.) (Car originally titled 01/22/2004)
Does that mean that:
A) GMPP expires at: 72,000 miles? (27+45)
B) Or at 81,000 miles? (36+45)
A) And expires August 2009
B) Or, January 2010 (Based on factory warranty.)
Race Director
Joined: Aug 2003
Posts: 16,270
Likes: 30
From: "It's 106 miles to Chicago, we've got a full tank of gas, half a pack of cigarettes, it's dark, and
St. Jude Donor '03-'04-'05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17-‘18-'19
NCM Sinkhole Donor
I would either send a PM to forum member CeYaBye
or you can contact him -
Dennis Fichtner
gmpp@fichtnerchevrolet.com
406-628-4618, Ext 105
Fichtner generally has the best deals on the GMPP and parts too. Dennis is the GMPP guy at Fichtner and he will give you the straight skinny on your GMPP questions.
or you can contact him -
Dennis Fichtner
gmpp@fichtnerchevrolet.com
406-628-4618, Ext 105
Fichtner generally has the best deals on the GMPP and parts too. Dennis is the GMPP guy at Fichtner and he will give you the straight skinny on your GMPP questions.
Race Director
Joined: Jul 2004
Posts: 10,295
Likes: 4
From: Downers Grove IL
St. Jude Donor '15
Originally Posted by Kale
I got a quote from him, and I'm happy with the price. just would rather bother c5gen with a stupid question. 
It's good to see that "the shocker" is alive and well.
Thread Starter
Team Owner
Joined: Feb 2000
Posts: 51,504
Likes: 6
From: Sacramento CA
Originally Posted by Chicago
It's good to see that "the shocker" is alive and well.
ps
Major Guard time and mileage limits start on the same day as you purchase the plan and from the odometer reading the day you purchase the plan.
Race Director
Joined: Aug 2003
Posts: 16,270
Likes: 30
From: "It's 106 miles to Chicago, we've got a full tank of gas, half a pack of cigarettes, it's dark, and
St. Jude Donor '03-'04-'05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17-‘18-'19
NCM Sinkhole Donor
Originally Posted by Kale
I got a quote from him, and I'm happy with the price. just would rather bother c5gen with a stupid question.
I'd just rather you got accurate information instead of anyone's best guess. Frankly I don't know the answer for sure, though maybe someone here does. I could make something for 'ya though!
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Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by Kale
If I buy a 36 month 45,000 mile GMPP warranty,
And I currently have 27,000 miles on the car, (Its under warranty for 6 more months.) (Car originally titled 01/22/2004)
Does that mean that:
A) GMPP expires at: 72,000 miles? (27+45)
B) Or at 81,000 miles? (36+45)
A) And expires August 2009
B) Or, January 2010 (Based on factory warranty.)
And I currently have 27,000 miles on the car, (Its under warranty for 6 more months.) (Car originally titled 01/22/2004)
Does that mean that:
A) GMPP expires at: 72,000 miles? (27+45)
B) Or at 81,000 miles? (36+45)
A) And expires August 2009
B) Or, January 2010 (Based on factory warranty.)
The GMPP starts with the mileage on the car on the date you buy the extended warranty (mileage AND time both start on the purchase date), so you should wait until just before the factory warranty expires to purchase it.
Then it will be 36 months from when your factory warranty expires, and 45,000 miles added on to the mileage at the time. Buy the GMPP effective on 1/22/2007. If you have 30,000 miles at the time, then the warranty would be until 1/22/2010 and 75,000 miles.
Based on the case you originally presented, it would be 72,000 miles and August 2009. Actually, it is only under warranty for 5 more months instead of 6.
Last edited by TEXHAWK0; Aug 24, 2006 at 08:03 PM.
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by mike348
I bought a GMPP when I got the car new in 01/04. 50000 or 60 months.
My Gmpp card says it expires 01/09. 50000 miles cost in 2004 $600.00
My Gmpp card says it expires 01/09. 50000 miles cost in 2004 $600.00
The salesman will try to tell you the plans are cheaper if you buy them when the car is new, but they really cost about the same if you wait until the end of the factory warranty.
In the case above, the plan only cost $600, but you only got 2 extra years and 14,000 miles additional warranty.
I plan to buy a 60 month/40,000 mile warranty on the day my factory warranty expires for around $1,000, so I will get a full 5 years and 40,000 miles of added coverage.
Intermediate
Joined: Dec 2005
Posts: 41
Likes: 0
From: Brandon MS
Gmpp
Keep in mind in order to renew your warranty you MUST renew when your car has at least 3 months and 3000 miles left on original warranty.
Also rates go up oct 1 so you can save money buying in Sept.
I have an '04 and will call Dennis in a couple weeks to extend mine.
Good luck.
Also rates go up oct 1 so you can save money buying in Sept.
I have an '04 and will call Dennis in a couple weeks to extend mine.
Good luck.
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by flyboyz
Keep in mind in order to renew your warranty you MUST renew when your car has at least 3 months and 3000 miles left on original warranty.
Good luck.
Good luck.
When you are buying a GMPP for the first time, you can wait until the last day of the factory warranty if you want to.
Race Director
Joined: Nov 2004
Posts: 11,062
Likes: 1,267
From: Central Ma
Originally Posted by TEXHAWK0
Not true. The 3 months early renewal only applies when you are trying to extend a GMPP you already have, not the original warranty.
When you are buying a GMPP for the first time, you can wait until the last day of the factory warranty if you want to.
When you are buying a GMPP for the first time, you can wait until the last day of the factory warranty if you want to.
Former Vendor
Joined: Jul 2004
Posts: 1,591
Likes: 6
From: Billings MT
Wow
I guess I am popular with everyone wanting GMPP's, quite flatering. Anyhow TexHawk0's statement about 3 months and 3000 miles is correct, only applies to GMPP extensions and as far as the other responses-THANKS for mentioning my name. As far as the other posts time starts day of purchase of warranty-not In Service Date of Car-and goes from existing odometer miles forward.
Remember 10-1 is the magic day so the last day to purchase at the lower price will be 9-30.
Dennis Fichtner
gmpp@fichtnerchevrolet.com
406-628-4618, Ext 105
Remember 10-1 is the magic day so the last day to purchase at the lower price will be 9-30.
Dennis Fichtner
gmpp@fichtnerchevrolet.com
406-628-4618, Ext 105
Race Director
Joined: Aug 2003
Posts: 16,270
Likes: 30
From: "It's 106 miles to Chicago, we've got a full tank of gas, half a pack of cigarettes, it's dark, and
St. Jude Donor '03-'04-'05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17-‘18-'19
NCM Sinkhole Donor
Originally Posted by CeYaBye
I guess I am popular with everyone wanting GMPP's, quite flatering. Anyhow TexHawk0's statement about 3 months and 3000 miles is correct, only applies to GMPP extensions and as far as the other responses-THANKS for mentioning my name. As far as the other posts time starts day of purchase of warranty-not In Service Date of Car-and goes from existing odometer miles forward.
Remember 10-1 is the magic day so the last day to purchase at the lower price will be 9-30.
Dennis Fichtner
gmpp@fichtnerchevrolet.com
406-628-4618, Ext 105
Remember 10-1 is the magic day so the last day to purchase at the lower price will be 9-30.
Dennis Fichtner
gmpp@fichtnerchevrolet.com
406-628-4618, Ext 105
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by blacksedan87
Now that it's clear - if I were to buy a GMPP, I wouldn't buy it until the day before the warranty expires or at 35,990 miles...whichever comes first...to maximize the coverage.
That is what I meant about 5 posts back, when I said....
"I plan to buy a 60 month/40,000 mile warranty on the day my factory warranty expires for around $1,000, so I will get a full 5 years and 40,000 miles of added coverage."
I have also looked back at the GMPP rates for the past 3 or 4 years and found that, historically, any price increases still did not justify buying a policy early. I found that if you pick the right plan, the cost is about the same, and you have been able to keep your money for that much longer (and hopefully earn some interest).
Last edited by TEXHAWK0; Aug 25, 2006 at 11:46 AM.
Thread Starter
Team Owner
Joined: Feb 2000
Posts: 51,504
Likes: 6
From: Sacramento CA
Originally Posted by TEXHAWK0
I have also looked back at the GMPP rates for the past 3 or 4 years and found that, historically, any price increases still did not justify buying a policy early. I found that if you pick the right plan, the cost is about the same, and you have been able to keep your money for that much longer (and hopefully earn some interest).
I wonder how much the price increase is.
Le Mans Master
Joined: Sep 2003
Posts: 8,847
Likes: 795
From: Longview Texas
Originally Posted by Kale
That's the real question for me. I have 27,400 miles right now, and my warranty expires January 2007.
I wonder how much the price increase is.
I wonder how much the price increase is.
You never know what will happpen, but here is one example.
In 2003, a 60/40 plan for a car with 0-24,000 miles list for $1,480.
The same plan in 2005 listed for $1,620, a difference of $140.
This is less than 5% increase per year.
Even if you did not earn 5% on your money, it is not a big difference.
For me, it will work out better because the plan I would have bought in 2003 would have had to be 84/56 to get the same coverage (since there would still have been 2 years left on the factory warranty) and cost $1,940, but will now cost me only $1,070 for the same coverage due to internet competition.
If you look at the GMPP tables, once you pass about 60/40 in miles or months, the cost really goes up. The earlier you buy a plan, the more miles and months you have to buy to get the same coverage.
Last edited by TEXHAWK0; Aug 27, 2006 at 11:14 AM.
