I just got a quote for a zero-deductible 100,000/7 yr extended warantee - about $1950. Is this even close to being a good deal? Seems like I have heard this being under $1000 (maybe with a bigger deductible...) Thanks in advance.

 

Goto the Ken's Newletter section and check out the extended warranties.
Ken will e-mail you the current rates. There are several packages with diff. time/mile/deductables/prices.

Seems like $2g's is a little high but the package you described is one of the top of the line warranties.

 

Couple of options that are highly rated by members and carbuyingtips.com are:
http://www.warrantydirect.com http://www.1sourceautowarranty.com

I'm thinking about one of these for my '02. The coverages appear excellent and the prices are as well. :cheers:

 

I paid $2500 for a 72/100k w/ $100 ded. to the dealer for the GMPP. in Oct.'02. :flag

 

I paid $1200 for 84 months 100,000 w 0 deductible.... and free financing for ten months... bumper to pumper with only ten things not covered.. ... From Waranty Direct... see this link..
http://www.carbuyingtips.com/warranty.htm

This warranty is accepted by every dealer across the country.. they pay the dealer the same day, you do not have to pay anything out of your pocket..
This warranty starts when you get it.... Gm's warranty starts from the day you bought your car.. so a GM warranty for seven years starts the day your purchase the car... so you are only actually getting a four year warranty .. the first three years come with the car... With Warranty Direct you need atleast one month remaining on your original warranty, and 1000 miles.. You get seven years After the first three years are up . if you chose to wait..
After reading the link above, you will be able to make a more educated choice
Good Luck
Bill ( Evil-Twin )



[Modified by Evil-Twin, 11:39 AM 11/16/2001]

 

Thanks guys! I have purchased a 100,000/10yr 0-deductible plan from 1SourceAutoWarranty.com for $1200. Saved about $750 over what my dealer was offering me. Now I have to call him back and give him the bad news. :cheers:

 

I wouldnt worry about your dealer... he was about to rip you off for 750 dollars and give you a poor warranty to boot.. 100 dollar ded. what a Joke..
A guy here needed a starter, alternator, and battery.... three seperate issues 3 X 100 = 300 dollars out of his pocket... Read that link about dealer scams with warranties..

 

I really wish I had found this forum earlier, and I really should have done more research before I bought my new C5. I was happy that I got my C5 under MSRP, but at the dealership at 11:30 PM on a Wednesday night, I caved in and bought a 72/75K/$100deductible Major Guard GMPP for $3385. :conehead Can you read that word imprinted on my severely pointed pinhead? It says, "SUCKER".

So anyhoo, weeks later, I cancelled the GMPP (had 60 days to cancel, 100% refundable) and I knew I was doing the right thing when the finance manager got a bit miffed when I could not be convinced to do otherwise. It's amazing how nice she was when I was buying the GMPP, but so short and huffy when I changed my mind. :lol:

I don't mind admitting that I can barely afford this car, and I really need the money for mods. :lol: Am I stupid, living on the edge, no extended warranty parachute? I dunno, maybe. I figure I'm saving about $80/month by foregoing the inflated price GMPP I originally bought. If I take that $80/month, earmark it for repairs, and put it into an investment that pays 2.5%APR, and have no out-of-warranty repair bills, I should have about $3K at the end of 3 years when the standard warranty has expired ( http://www.webwinder.com/wwhtmbin/java_fv2.html ). At the end of 5 years (the term of my loan), I should have over $5K in my "repair" fund, if I haven't spend anything in repairs.

Warranties, like any insurance, buy peace of mind, and are fully worth whatever price you're willing to pay for them. For an example of GMPP cost schedules, visit http://www.gmoutlet.com/2002gmpppricing$$.html

Hope that helps!


[Modified by The Batman, 5:36 AM 11/17/2001]