Well i got my '04 C5 with a GM major guard warranty about a year ago. Got the car STOCK with 15k on the clock and since then have added headers/full exhaust with no cats, cold air intake, got it tuned professionally and last but very not least its strapped with some good old N20! Cam install soon to come!

I was thinking at this point this warranty is completely worthless unless i turn the car back to stock specs in the event of something failing. ( knock on wood ) Now those of u with warrantys and use them to their full extent do you have any mods on the car? Im sure i will be instantly denied of any mechanical parts replacement with a nitrous system installed in the car

Well anyway, i do all my own work on the car and replacing mechanical parts is no big deal but electrically this car scares the crap outta me. Would they cover any electrical issues should any arise? If not im thinking i should just ditch the warranty...if i get some sort of rebate, not sure how that works.

And last but not least is there an aftermarket warranty for modded vettes that you can buy? I heard this somewhere but not sure if its true

 

Keep it!!

 

Since you have the GMPP I say KEEP IT, the only part of your mods that will disqualify you is the NO2, so if you do have issues then remove it for that issue..........unless you blew your motor, because I am told they can tell if you've had NO2 in your engine.......in that case why risk loosing your cvg for other things you may need it for when it would most likely be "your fault" the motor blew (not trying to be an a$$ but saying that something went wrong on a NO2 motor and that it had nothing to do with the NO2???? Yeah, right, who's gona believe that....even if it were true....) anyway having the warranty is by far better than not having it.......even if you never used it, you will have enjoyed the piece of mind, as you've already stated electric stuff can be confusing and most of all pricey (a local dealer quoted me $1,800 to replace a fuel pump on my '03 Z ).
Best thing you can do is get to know your service manager/rider, he's the one to run "interferance" for you on a car like yours.........he wants paid too, and if it won't be by warranty then he won't be getting the work, Right?
Plus since you already have the warranty, you can renew it 3mo 3k miles before it's up..........great selling point if the time ever comes, because eveyone wants the """GMPP""" the Holy Grail of warranties as far as the ignorant are concerned.

 

I hear ya And btw i meant if one of my windows fail or something along thoses lines i dont want them to say its because of nitrous. Lets be serious here, motor and tranny problems would most likly be my fault lmao

 

Keep it. When you start having all the electrical issues it will pay for itself. To disallow a repair GM will have to show that the mods caused the problem.

 

Dump It. Warrantys are a rip.

 

keep it.

 

Well if thats the case then i will keep it. Ill take the nitrous kit out of the car if i ever need to bring the car to get service just so im not directly rubbing it in their faces

 

GM isn't really involved in the decision to repair the car. Remember it really isn't a warranty but a service plan. GMPP approves the repair based on a telephone call from the service writer. To some extent it is an automated process. They key in a repair code and the computer tells them whether it is approved.

I have had the following items repaired on 2 C5s under the Major Guard plan:

Drivers Seat Track
Replaced Passenger Side Mirror Housing including painting
6 wheel bearings
1 power steering pump
1 power steering rack
Upper and lower front control arms (actually installed my Vette Brakes poly bushings for me under the plan) and realigned the car.
EBCM and BPMV
Drivers Seat Frame

Add up the cost of parts alone and you can see they cost more than I paid in total for the 2 different plans. It isn't necessarily the drive train that gets a lot of repairs.

Bill

 

I'd keep it. Never know when the car will need repairs that would not be affected by the mods you have done.

 

Damn, didnt realize they take care of all this stuff under this plan. Im def going to keep it and hopefully ill never need it

 

Keep it. I have an 04 and Dennis Fichtner gave me a four year warranty for less than a $1,000. One computer problem would eat up a $1,000 in nothing flat. Call Dennis and extend it. 406/628-4618.

 

Not true, as a matter of fact they can cancel your policy if they wish once they know about mods, and they can deny any claim because of mods weather it has to do with the mods or not..........Now the original factory warranty that would be a different story.
And as Bill stated it's not "GM" who makes any decisions. As a matter of fact GM has nothing to do with the GMPP cvg plans, they are offered from GMAC who is owned by Citi Bank I believe..........and people think it's a "factory extended warranty"
Ignorance abounds on this subject (just see Vega$Vette's comment)

 

So you are basically saying VV is ignorant?>>>ouch....I have gotten lots of great info from his posts...

 

Some warranties will screw you for having CAI.

 

What?

Extended Warrantys are service plans. They are one of the biggest money makers for the companies that offer them.

Everybody like Circuit City, Best Buy, Car Dealers, Appliances etc. try to sell them.

They cost approx. 10% of the item being purchased/covered.

Think about it. The car comes with a 3 year/36. The Stealership sells you a 5 year/60 for $1500. Your are really only buying 24 months and 24K miles. Plus is you financed you get to pay interest on the $1500.

They use scare tactics to get you to buy like if this goes out it costs that much and if this goes out it cost this much.

I tell them if that's the case and they think I need the EW so bad then I probably shouldn't buy the piece of crap car.

Next you get a bunch of guys saying "WOW"I saved $$$$ because of my EW. These guys are quoting stealership full mark up prices that are at least double what you could have the work done for. And more often then not the have probably replaced a bunch of stuff that was bad to start with

Some people buy extended service plans on everything. If you get one for your cars, major appliances, and electronics you will spend a ton of money.

I have had at many many new cars in the past years everything from my Vette to a Hummer, Avalanche, and Lexus and BMW and have Not spent one dime at the stealership for repairs that occurred after the warranty was up.

I NEVER buy extended warrantys on anything. Anything that needed repaired was repaired within the original manufactures warranty period.

I have NEVER had to take anything to get repaired after the warranty period expired.

So let's say you're the paranoid type and buy EW on all you cars, appliances, and major electronics. Say a couple of cars, washer/dryer/refrigerator big screen TV etc.

Now maybe everything added up is worth $100K and you've paid $10K EW plans.

Instead put the money in the bank at 5% compound interest and in 5 years you'll have about $13.5K

Unless you just have really bad luck or trash the things you own you will be way better off.

So NO not IGNORANT Extensive research on the subject, Did the Math and determined EW are a rip. All financial advisers also will tell you not to buy EWs.

Pragmatic would be a better definition.

If you don't believe me then just Google the subject sometime time you'll be enlightened and amazed.

 

OMG where do we start?

This is true. It's is the "marketer" of the cvg that makes the "big money" not the administraitor (underwriter). But if that is how you buy your warranties then that's your problem.

This is a different beast all together.......but consider this, the cost of repairing such things is usually so close to it's replacement.That for some, on some things may be worth it.........try getting your plasma or LCD TV fixed and you'll quickly see what I'm talking about. (or will you be repairing that your self too?)


How much coverage you get depends on when you buy your warranty, and who you buy it from.
So again true........if you are ignorant enough not to know how to buy a warranty and when, then parying $750/yr on cvg is a rip off. But if you know what you're doing your cost should only be about half of that.

Scare tactic or not, it is very expensive to have anyone let alone a dealer do repairs. Averager repair cost on most cars at a dealer today is $600 to $900........most people in this country are not prepaired for such an expense at the drop of a hat.

Ohh, great come back to the high presure salesman, guess you told him.
If you think cars were designed to last forever you are sadly misstaken, not to mention most of cars repairs are needed outside of the original manufactures warranty. Why do you think they only give you a 3/36 to begin with? The national driving average is now up to 15k/yr not like the 12/yr it used to be, so most of the country burns through those 36k in less than 2.5yrs.

Yes repairs can be done for less else where, but a dealership typicaly is not hurting for repair work. Have you ever seen their service bays? They're usually full day in and day out..........their not all in there for an oil change. There are many people who have saved alot of money by having the cvg, and it's not just about the cost of the repair, you have your rental and towing included in there as well. Put your self in the shoes of some lady sitting in the waiting room of a reapair shop staring at a $600+ repair bill (and wondering if she's being taken advantage of). Would you wrather be with or without the cvg?
You have been fortunate if you've never had to have repairs done on your car. But for those that do need them and save a ton of money, it was worth it. I know plenty of people who believe in them just as much as you don't. That doesn't mean they are a "Rip Off". I supose if car insurance wasn't a legal requirement you wouldn't have that either?

This is a pipe dream. The majority of the population does not live like this, and those that do usually trade off their cars before any factory warranty runs out in the first place. Not to mention where are you going to find a bank that will give you 5% intrest on an account that you can have free access to use at any moment you need it? Further more lets take a look at your over inflated $1,500 2yr warranty, and instead you put it in your magical account. Now you have an electronics issue and your repair/towing/rental eats up that $1,500.......who's doing to pay for the next repair?

And what extesive research would that be?
The internet and all of it's biased opinions on the subject?
Finacial Advisors beleive unless you're putting your money away you're wasting it......another biased belief......yet they will tell you the first form of investing is to safe guard the money you have.......and this is done with insurances.........a service plan is the same thing.
I have plenty of knowledge on the subject as I spent 2yrs in the extended warranty industry on automobiles. If you don't think cars require either a warranty or budgeting for repairs then take a look at the "True Cost of Ownership" calculator on edmonds.com. It will show the expected cost of repairs on a given car over a 5yr period. And for the Original Poster of this thread I believe that keeping a warranty is a good calculated risk considering that his expected repairs could be $4,872 http://www.edmunds.com/used/2004/che...=63376&vdp=off

Now please let me finish by clairifing something.
I do not believe YOU to be ignorant, but your 1st post was an ignorant statment. To simply say that it's a rip off with nothing to suport your opinion (like your second post did) serves no one on this forum......it's just an ignorant comment. I have no issue with anyone disliking warranties or even believing that they are a waste of money, but at least back up your statement with some sort of history as to why you feel that way. It gets me just as rialed up when people run off at the mouth about how "After Market Warranties" are a "Scam", yet they have no experience with them they just spout off crap they've heard.
I appologize for any offence.......it was not dirrected at you as a person, just the comment for lack of substance.
I am pro warranty, you are not....... to each his own.
Now we have both shown both sides of the coin and the OP can decide from there, which is what he wanted in the first place (opinions on what he should do). And that is what this Forum is all about.

 

^^^^^^

My next comment could be "if you can't afford to fix then you can't afford to own it"

But that would be Elitist.

Just a follow up. The GM extended are pretty good. There is fine print is all of them and for those who mod their cars you have to be extra careful.

The after market warranty companies are "sharks" so again be very careful and if they tell you something get it in writing.

 

Well im going to keep it at this point. If i ever have any major problems ill just bring it to the dealer and then take it from there. Knowing how i am i would try and fix it myself first anyway Thanks for all the replies, this site is like extra insurance in my pocket

 

My GMPP MajorGuard fixed about $3k of stuff on my 02 Z, EBCM/ABS. This was before I added LT's, CAI, & cat back.