GMPP Advice...
Thread Starter
Racer
Joined: Oct 2003
Posts: 354
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From: Cumberland Plateau TN
GMPP Advice...
Would like opinions/thoughts…
My 2002 Coupe (MN6) has 35K mi. Purchased in Oct 2003 with 29K.
Bought GMPP Dec 2004 (at end of factory warranty).
Paid $1645 for coverage (48 mos / 32K mi / $0 ded)...gotta love Dennis Fitchner.
At current pricing (which could all change in 5-6 months), would you renew/purchase GMPP ???
$2330 - (36/24/50)
$2170 - (36/24/100)
$1910 - (36/24/200)
Thanks for your comments.
FYI, to date, GMPP covered $1,200 in repairs (leaky differential, climate control display). No plans to sell.
My 2002 Coupe (MN6) has 35K mi. Purchased in Oct 2003 with 29K.
Bought GMPP Dec 2004 (at end of factory warranty).
Paid $1645 for coverage (48 mos / 32K mi / $0 ded)...gotta love Dennis Fitchner.
At current pricing (which could all change in 5-6 months), would you renew/purchase GMPP ???
$2330 - (36/24/50)
$2170 - (36/24/100)
$1910 - (36/24/200)
Thanks for your comments.
FYI, to date, GMPP covered $1,200 in repairs (leaky differential, climate control display). No plans to sell.
Race Director
Joined: Jan 2002
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From: I love you & miss you Linda
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Since you are planning on keeping the car, I would personally NOT own it without the GMPP.
I also would not get any GMPP except a $0.00 deductible.
I also would not get any GMPP except a $0.00 deductible.
Pro
Joined: May 2006
Posts: 533
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From: Mtns of north Georgia - Hey Kids, I'm spending your inheritance!
I agree completely with Glennm27. The $100 or $200 deductible doesn't sound like much UNTIL you consider that it's the first $100 or $200 each time you take the car in for an issue. Over a couple of years with a few problems, that could add up to a lot more than the overall price difference for $0 ded. Just my $.02 FWIW. Good Luck.
Race Director
Joined: Jan 2002
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From: I love you & miss you Linda
2017 C7 of the Year Finalist
St. Jude Contributor
Sure it is. Get the GMPP Major Guard Coverage <=== CLICK HERE
Read the section: "Designed to Meet Your Needs"
Read the section: "Designed to Meet Your Needs"
Moderator
Joined: Jul 2005
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From: Parrish FL
St. Jude Donor '06 thru '26
Since you plan on keeping the car I would definitely buy. I have an '03 and like yours, they are starting to get a little long in the tooth. I purchased my GMPP from Dennis (he is the best!) and hope to extend if available when the time comes. To answer the rest of your question I would opt for the lowest deductible. Just my $.02. Good luck. 
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Former Vendor
Joined: Jul 2004
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From: Billings MT
$0 deductible is not available on any vehicle older than 2005. Some customers renew and some do not. Pricing is higher on renewals and a lot of customers have a hard time when they paid $1000-$1200 for original coverage and it is $2500-$3000 to renew. Is what they forget is their car is 4-6 years older and has 40-60K more miles than when new.
Remember you can renew your GMPP as long as you have 2 months and 2000 miles left of original GMPP. If you would like a quote or need me to check to see if you qualify simply email me your VIN and current miles to me at gmpp@fichtnerchevrolet.com or dfichtner@fichtnerchevrolet.com.
Got my beautiful 2004 Vert out yesterday (first day of insurance for this year), drove it to work to get the oil changed, got stuck in a group of vehicles going onto the interstate and a d__n UPS truck nailed my windshield. $1800 later for a windshield, talk about sick to my stomach.
Remember you can renew your GMPP as long as you have 2 months and 2000 miles left of original GMPP. If you would like a quote or need me to check to see if you qualify simply email me your VIN and current miles to me at gmpp@fichtnerchevrolet.com or dfichtner@fichtnerchevrolet.com.
Got my beautiful 2004 Vert out yesterday (first day of insurance for this year), drove it to work to get the oil changed, got stuck in a group of vehicles going onto the interstate and a d__n UPS truck nailed my windshield. $1800 later for a windshield, talk about sick to my stomach.
Race Director
Joined: Jan 2006
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From: Not on either liberal coast.
From past similar discussions, I'm surprised there weren't some naysayer comments about extended warranties "are a waste of money", "fix it yourself" and "spend your money on mods".
I have GMPP on each of our current vehicles and wouldn't (be able to) own a Corvette without an extended warranty nowadays. In every case, with the exception of our Z16, we've spent less on the policies than has been covered on major expense repairs.
I have GMPP on each of our current vehicles and wouldn't (be able to) own a Corvette without an extended warranty nowadays. In every case, with the exception of our Z16, we've spent less on the policies than has been covered on major expense repairs.
Last edited by hotwheels57; Apr 5, 2008 at 06:28 PM.
Administrator
Joined: Jun 2007
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From: Bel Air (by way of Fort Worth, TX) Maryland
St. Jude Donor '12 thru '21
From past similar discussions, I'm surprised there weren't some naysayer comments about extended warranties "are a waste of money", "fix it yourself" and "spend your money on mods".
I have GMPP on each of our current vehicles and wouldn't (be able to) own a Corvette without an extended warranty nowadays. In every case, with the exception of our Z16, we've spent less on the policies than has been covered on major expense repairs.
I have GMPP on each of our current vehicles and wouldn't (be able to) own a Corvette without an extended warranty nowadays. In every case, with the exception of our Z16, we've spent less on the policies than has been covered on major expense repairs.
I wouldn't own a C5 or C6 without the safety net of a warranty (extended or otherwise) Unless you are prepared to "pay to play" by "spending your money on mods" I would just get GMPP with the lowest deductable that you can afford
Le Mans Master
Joined: Aug 2004
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From: Southern New Jersey, The wet part at the bottom
St. Jude Donor '08-'09-'10
$0 deductible is not available on any vehicle older than 2005. Some customers renew and some do not. Pricing is higher on renewals and a lot of customers have a hard time when they paid $1000-$1200 for original coverage and it is $2500-$3000 to renew. Is what they forget is their car is 4-6 years older and has 40-60K more miles than when new.
Remember you can renew your GMPP as long as you have 2 months and 2000 miles left of original GMPP. If you would like a quote or need me to check to see if you qualify simply email me your VIN and current miles to me at gmpp@fichtnerchevrolet.com or dfichtner@fichtnerchevrolet.com.
Got my beautiful 2004 Vert out yesterday (first day of insurance for this year), drove it to work to get the oil changed, got stuck in a group of vehicles going onto the interstate and a d__n UPS truck nailed my windshield. $1800 later for a windshield, talk about sick to my stomach.
Remember you can renew your GMPP as long as you have 2 months and 2000 miles left of original GMPP. If you would like a quote or need me to check to see if you qualify simply email me your VIN and current miles to me at gmpp@fichtnerchevrolet.com or dfichtner@fichtnerchevrolet.com.
Got my beautiful 2004 Vert out yesterday (first day of insurance for this year), drove it to work to get the oil changed, got stuck in a group of vehicles going onto the interstate and a d__n UPS truck nailed my windshield. $1800 later for a windshield, talk about sick to my stomach.
Signed, Ed, a retired USPS driver.
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If it were me, I'd get the warranty and go with the $50 deductible.
Le Mans Master
Joined: May 2006
Posts: 6,774
Likes: 361
From: Midland TX
Check out this post I made last December. I had the same mileage as you on my 2001 (easily driven) - without GMPP, I would have been toast...
http://forums.corvetteforum.com/show...highlight=GMPP
http://forums.corvetteforum.com/show...highlight=GMPP
Burning Brakes
Joined: Jun 2004
Posts: 1,240
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From: Cedar Rapids Iowa
I am facing that same decision soon. My 2002 C5Z GMPP expires in August and I am wrestling with that decision: renew my GMPP or take my chances. Another factor weighing on my decision is that I may sell my C5Z next year and get a C6Z. If so, the GMPP should make my C5Z more attractive.
I can say that my original GMPP easily payed for itself. I had about $1500 in repairs compared to the GMPP Major Guard cost of about $700. But with a renewal of around $2500 with a deductible, more thought is required.
I can say that my original GMPP easily payed for itself. I had about $1500 in repairs compared to the GMPP Major Guard cost of about $700. But with a renewal of around $2500 with a deductible, more thought is required.
Last edited by slwhite; Apr 6, 2008 at 02:19 AM.
Race Director
Joined: Jan 2006
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From: Not on either liberal coast.
I am facing that same decision soon. My 2002 C5Z GMPP expires in August and I am wrestling with that decision: renew my GMPP or take my chances. Another factor weighing on my decision is that I may sell my C5Z next year and get a C6Z. If so, the GMPP should make my C5Z more attractive.
I can say that my original GMPP easily payed for itself. I had about $1500 in repairs compared to the GMPP Major Guard cost of about $700. But with a renewal of around $2500 with a deductible, more thought is required.
I can say that my original GMPP easily payed for itself. I had about $1500 in repairs compared to the GMPP Major Guard cost of about $700. But with a renewal of around $2500 with a deductible, more thought is required.
The seller of my Z16 had purchased a four year extended warranty (0 $ deductible/60,000 miles/2010) when he ordered the car new from the dealer. He offered to sell it to me when I bought his car.
When I calculated the cost of transferring his existing contract to me at that time vs buying another contract in 12 months (additional mileage/age of car/GMPP increases), it was a good decision in my opinion.
Last edited by hotwheels57; Apr 6, 2008 at 10:59 AM.