I've never really given (private, not GMPP) extended warranties much thought with most of my cars, but the Z06 might be an exception. My credit union offered a private plan with three levels and various deductibles and various total mileage/month limits.

The "gold" plan (middle tier) covers all drivetrain components (down to the gnat's eyelash, as well as all electrical components (buttons, actuators, window motors, the entire dashboard...even the ABS system).

Car is an '02 with 19.3K miles. Given how much I will be driving the car yearly (about 12,500 miles), I'm looking at a 75,000/60 month program for ~$1300 ($250 deductible) ~$1600 (with $50 deductible) and ~1,720 (NO deductible). My local Chevy dealer told me it was a far better deal than he could offer.

I'm mechanically proficient for brakes, alternators, water pumps, etc....heck, I've swapped camshafts in cars before. But this car has a tight engine bay and LOTS of electronics and sensors...I honestly feel out of my league. I can decipher problems through the codes, but repairing them myself could become a challenge on three fronts: skills, having the right tools and personal time.

I was thinking get the higher deductible (save some money) and have it handy for the potential big stuff (engine/tranny/rearend). But I can also see where little electrical gremlins can add up quickly.

What would CF do?

-Dean

 

Any plan other than GMPP, I would just save the money in case you need it.
Looks like it is too late for you to get a GMPP plan since your car is an 02.
For comparison, I got a GMPP extended warranty on my 2004 Z06 for 5 years , 40K miles for $1070.

I would go for a higher deductible and save the warranty for a major problem. Most of the time if you buy a plan with a lower deductible, you are just paying the deductible in advance.
I also would prefer to do smaller jobs myself, like a water pump.
I just replaced my window regulators, did it myself, and GMPP still reimbursed me for the cost of the parts.
I have almost gotten my money back just in the cost of two window regulators.

 

Exactly my point...a couple of "minor" repairs can add up on these cars. I call it the "Oh, you have a Corvette? Then it must cost you more to repair!"

 

The cost you are being quote is not too bad for the cvg you're getting but for not too much more you would be able to get and exclusionary policy (AKA bumper to bumper)...........I agree about the deductible thing...at least to an extent............I would go for the $100 deductible.

Nothing wrong with an after market cvg, just make sure you check on who the administrator (underwriter) is, and who they are re-insured by.

As your car is a Z you will be limited on who can offer a policy.
I do know that Warranty America offers cvg on the Z model......you should be able to get a 5/75 B2B with $100 deductible from them for right at $2k

My company does not carry the Warranty America plans but I can probably find you someone to help you.

 

Do it, you will not regret it, I passed on warranty and now I'm paying dearly.

 

My GMPP is expiring next month, I went back and forth becasue I had the opportunity to extend it and decided not to. I would rather pocket the money and then repair myself. The forum is a very valuable asset to have and I do the work myself, nothing scares me on the car but I wonder about torque tube but I am sure I could figure it out.

 

On modern cars the mechanical parts usually are not the failure items that drive the cost of repairs since they just don't fail that often. The electronic parts are what will cost you money. Even if you do the repairs yourself the cost of one part can pretty much eat up what you pay for the service contract. If you have two parts fail you pretty much break even and that doesn't even include the cost of labor.

Bill

 

I would get the best warranty you can. I paid a little over 2k for my aftermarket warranty. I blew my engine(no secret here), and the warranty covered new GM performance parts ls6 crate engine for the cost of my deductible. 2100.00 for an engine plus install,

 

Who is the cvg through?

 

I bought an extended warranty for my 03 Z06 back in May.
Went through AAAutoWarranty. Warranty is through Warranty America LLc. Bought a Bumper to Bumper with an extra Emissions Control Package. 4 yr and 75,000 miles with a $0 deductible, all for about $1400.

Get in touch with me and I can forward you the info.

Rick
rickgrebner@comcast.net

 

E-mail sent, Rick!

My primary purpose in getting this is to avoid the BIG ONE (i.e. motor, tranny, rear-end). But I can also see where these cars can create a "death by spaghetti noodle beating" via the nickeling and diming route over time with all the various electronic parts.

I also used to have lots of spare time to work on my cars. Lately that has not been the case. But since this is my daily driver, I need a way to get the more serious things fixed (said another way, "Dayum...in over my head on this one...") faster without breaking the bank. When this car is down I'm schlepping the keys from my soon-to-be 16 year old's Toyota RAV4.

On a per month basis the cost of these plans is really not much at all. It's the all up front that makes it a harder decision for most of us.

 

Been thinking about this also but what about those who have modified the car with FI or any other "major" motor modification? Are we out of luck?

 

one word..........YES

 

Out of luck with just headers, aftermarket cats, shifter? I always thought so and have not pursued the warranty.

 

(Rick I e-mailed you for the info).

I was wondering if you guys were able to choose between GMPP and another company (assuming costs to be somewhat similar and the other warranty company was reputable) which would you go with: GMPP or other warranty company??

 

Take copy of actual contract and have a service manager read it checking for loopholes. Also, keep in mind that about a dozen of these companies go bankrupt annually.

 

I would say the GMPP if you can.....it's a great warranty.
Now if we were talking Ford, Chrysler...ect.........then definitely go aftermarket.............just make sure it's a good company.
As far a "factory" extended cvg's GMPP is the best out there. One of the biggest reasons is as of 2003 they no longer back date their cvg.........meaning the cvg starts when you buy it not from in-service date..............also as I reciently learned you can renew their cvg if done 3mo and 3k miles before your GMPP expires........also GMPP Major Guard (their B2B cvg) covers more than the other "factory" cvg's do.

I will tell you this though with the Z we are limited on who will offer cvg.
On any other car don't go searching for price........a good quality aftermarket warranty will be worth the money you pay.

Mods that are "OK" would be no greater than a 4" lift kit, cold air intake, exhaust.........and that's about it.....shifters don't matter.......If you want to mod beyond that make sure you get to know your service manager to run interferance for you............PCM tunning usually can't be discovered, if your worried about it because of a blown motor just put it back to stock before taking it in.........or get to know your service manager, that will be worth it's wieght in gold.....

The ones that go bankrupt are usually those that have have been in businees less than 5yrs and or have a risk retention group backing them instead of and actual insurance company.
If the company is backed by and A rated carrier then even if the administrator(underwriter) goes out of business you're still covered it just may not be as easy a process getting cliams taken care of.
There are a good handful of companies out there that have been in business for over 20yrs and some that have been out there for more than 30yrs........it's a good bet they won't be going anywhere soon.

 

By exhaust, do you think headers are ok? I always assumed they would not be and so I haven't gone after a warranty. I still have low mileage but not for long so this is my last chance to "take the leap".

 

Headers wouldn't be that big of an issue.........probably not even a cam if it's a mild one...........to make sure it's not an issue you need to do one or more of the following.
1st and fore most......I can't stress this enough......Ge to know your service manager.
2nd make sure you're with a good company.........one that's not looking for reasons to deny you (because they are in financial distress)......this is where you get what you pay for comes into play. (However this does not mean you need to over pay either)
If a company denies your claim because of a aftermarket part and the claim has nothing to do with that part or even related to it..........then you need to cancel and get your pro rated refund........because they will deny you again on the next claim as well...........a quality company will cancel your policy period, if they don't like something you've done to your car.............the other guy will let your policy ride as your refund if any gets smaller.

There is alot of mark up in extended warranty business due to marketing costs..........and average GMPP cost about $2800 for a 6/100 but there are a couple of guys here on the forum that can get that for you sometimes at about 1/2 the cost. The companies I represent do not offer cvg on the Z, but I have friend that works for a company that does. Just do your homework and you'll be fine

 

STAY AWAY FROM "ULTIMATE WARRANTY CO"!! or any of their affiliates.

Be very careful when you select the company....I bought my z06 with the understanding that i could transfer the warranty into my name. After about 6 months of back and forth issues of a " checks not being dated correctly" they denied my transfer. On top of that, they have a 1 month limit to transfer the warranty after the transfer of the title. It takes more than that to get the title back with my name on it to send it to them as proof. Now, i tried contacting them again about this BS and they send me a letter in the mail saying that ALL warranty transfers affiliated with Ultimate (they are owned by another company) will not be honored due some lawsuit in south carolina. Basically a lawsuit saying that they are a scam. I havent used their warranty yet obviously but from the suits that i read, this company replaces parts with "junk yard" parts.

Has anyone else dealt with this company? Any issues? Google "Ultimate warranty scam" and you'll see the write ups. So basically as far as i know, i have no warranty and a z06 with a junk yard differential in it that i know was replaced before my ownership....no fault of the previous owner.

I think ill make this a its own thread....i m pissed now that i talk about it.

95jersey you out there? Let me know what you think of this.