GMPP - A Ripoff?
1. "Basic Guard" (only covers the powertrain) - $1,330.00
2. "Value Guard" (adds some stuff) - $1,615.00
3. "Major Guard" (covers even more stuff) - $1,755.00
These all have a $100 deductible for every repair.
If your car has over 24,000 miles, then the prices are as follows:
1. "Basic Guard" - $1,745.00
2. "Value Guard" - $2,225.00
3. "Major Guard" - $2,470.00
Now, my 2006 didn't get the 5 year warranty; it only has 3/36. But, it seems to me that these is a total ripoff. Assuming you keep your car for years and years (which most Vette owners don't do), how can someone justify these prices? And, if there is a deal to be made with one of the Forum dealers on these prices, it tells me that the whole concept is a bunch of
Thoughts?
Ken is the man re GMPP.. Much better pricing than that 'offered' by GM via the mail stalking.
The vast majority of people buying GMPP wait til month 11.5 - thus maximizing the value of the 'major guard' warranty and minimizing the overlap with the bumper to bumper 36 month warranty.
I'm buying one - it will easily pay for itself (even if I sell
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My 01 had around $14,000 in GMPP warranty work. The C6 around $2500 so far and I payed far less than what you were quoted. ( I also have had no major problems with the C6 ...in example, power seat quit. Found wire was pinched. GMPP fixed. Dealer cost was $300, I paid $100 Few months ago was difficult to downshift to first gear. GMPP replaced first gear and replaced syncros. Cost to me $100 and now shifts great). I wouldn't buy a Vette without it
Is it a rip off? For me "NO"....Is the cost negotiatable? For me "it always has been".
Suggest shop it and get it ! Good luck !!!
Last edited by xlr8rvette; Nov 26, 2007 at 10:37 PM.
Ken is the man re GMPP.. Much better pricing than that 'offered' by GM via the mail stalking.
The vast majority of people buying GMPP wait til month 11.5 - thus maximizing the value of the 'major guard' warranty and minimizing the overlap with the bumper to bumper 36 month warranty.
I'm buying one - it will easily pay for itself (even if I sell
)
As far as GMPP being of value, keep in mind that a/c repairs sometimes cost $900. Window repair is about $500. Every manufact has problems with windows.
As far as GMPP being of value, keep in mind that a/c repairs sometimes cost $900. Window repair is about $500. Every manufact has problems with windows.
It is not the powertrain one needs to worry about in a Vette. It is the electronics. As already stated this is nothing more then insurance. It is a gamble. If you can afford 2-5K for a repair bill it is probably a good gamble. If you cannot, GMPP is a VERY good insurance policy.
Best.
The Best of Corvette for Corvette Enthusiasts
Personally, I think the extended warranty is a total money grab that isn't worth much - $2k can pay for a lot of windows going bad, etc. Since my powertrain isn't covered anyway, there isn't much point, and I think that's true of anyone who has modded their Vette (headers, tune, etc.).
Personally, I think the extended warranty is a total money grab that isn't worth much - $2k can pay for a lot of windows going bad, etc. Since my powertrain isn't covered anyway, there isn't much point, and I think that's true of anyone who has modded their Vette (headers, tune, etc.).
How much more are the parts on a vette vs. an Oldmobile or other GM car? I paid the dealer $400 to diagnose and replace a body control module on a Olds Intrigue. Certainly the GMPP would not be worth it on that car.
Will parts go down in price and up in aftermarket availabilty as the years go on? I paid 40 bucks on ebay for a C4 window motor - 2 hours later - good as new.
If my crappy Jeep Grand Cherokee can make it to 140,000 miles with the only repair being a $200 a/c expansion valve, then can't my C6 make it to 90,000 miles without $2000 in dealer repairs which is what it would have to incur for me to justify a $1600 GMPP policy.
People call it insurance, but I see insurance as being there for something more castostrophic. Compare risk vs. rewards:
1600 policy for 3000 in car repair bills
1600 policy for 50,000 in hospital bills
1600 policy for 200,000 burned down house
How much more are the parts on a vette vs. an Oldmobile or other GM car? I paid the dealer $400 to diagnose and replace a body control module on a Olds Intrigue. Certainly the GMPP would not be worth it on that car.
Will parts go down in price and up in aftermarket availabilty as the years go on? I paid 40 bucks on ebay for a C4 window motor - 2 hours later - good as new.
If my crappy Jeep Grand Cherokee can make it to 140,000 miles with the only repair being a $200 a/c expansion valve, then can't my C6 make it to 90,000 miles without $2000 in dealer repairs which is what it would have to incur for me to justify a $1600 GMPP policy.
People call it insurance, but I see insurance as being there for something more castostrophic. Compare risk vs. rewards:
1600 policy for 3000 in car repair bills
1600 policy for 50,000 in hospital bills
1600 policy for 200,000 burned down house
My extended warranty paid for the radiator and tail lamp assembly on my BMW. The cost of the failures exceeded the cost of the warranty.



















