Extended Warranty
#21
Team Owner
A) Do a search . . plenty of discussion about extended warranty, and who to buy it from . . .
B) from your post and the current GM coverage, not sure I'd spend the money until/unless I had a bunch of chronic issues during the first few years . . .
B) from your post and the current GM coverage, not sure I'd spend the money until/unless I had a bunch of chronic issues during the first few years . . .
#26
Advanced
Member Since: Dec 2007
Location: Spokane Valley WA
Posts: 61
Likes: 0
Received 0 Likes
on
0 Posts
I have always been against extended warranties on anything but did purchase on a new suburban in 2004. Right after factory warranty went away, the whole cooling system went nuts. Got my warranty money back in one trip to the dealer. Of course that was back when the factory only offered 3 years or 36000. May not need now with the new warranty system
#27
Safety Car
Member Since: Dec 2004
Location: Tucson AZ
Posts: 4,276
Likes: 0
Received 8 Likes
on
4 Posts
St. Jude Donor '08-'09-'10-'11-'12-'13-'14-'15
...just a generalization to make my point - the timeline, broken part, etc., can change but the bottom line is this - if you plan to keep your car, you may find GMPP will pay for itself over the course of time--possibly in 1 or 2 visits. Also, keep in mind if you sell your car, its transferable (possible selling point) or it can be cashed-out (prorated payment). Again, to each his/her own.
#28
Team Owner
Member Since: Oct 2004
Location: San Clemente CA
Posts: 27,420
Likes: 0
Received 59 Likes
on
48 Posts
I've never bought an extended warranty on anything in my life. Somehow the Corvette seems different and I plan on buying a five year plan next month. My factory warranty expires 4/6/08 and Dennis said I had to buy the extended warranty two months before it expires. That will give me two months less than eight years of coverage.
#29
Melting Slicks
I've never bought an extended warranty on anything in my life. Somehow the Corvette seems different and I plan on buying a five year plan next month. My factory warranty expires 4/6/08 and Dennis said I had to buy the extended warranty two months before it expires. That will give me two months less than eight years of coverage.
#30
Racer
Member Since: Oct 2007
Location: Keene Valley NY
Posts: 284
Likes: 0
Received 0 Likes
on
0 Posts
Extended warranties are a lot like insurance, if you don't have a problem, they are a waste of money. Of course those who write the policies are going to make money - othewise they won't be around to pay off any claims. I guess if you know you aren't going to ever have a $5k auto repair, or have a house fire, why bother with warranty/insurance.
#31
Intermediate
Member Since: Jan 2007
Location: Bakersfield California
Posts: 41
Likes: 0
Received 0 Likes
on
0 Posts
Try Black Pontiac Cadillac for email quote all options
Lower cost than others promoted here. You can check out now, but wait toward the end of your first 12 months to get the most time and mileage add on. Prices usually go up about Nov 1, but unless you are close to 12 months then, it pays to wait. Allow a few weeks in advance to make sure you are processed in time. I placed an order that failed to go thru elsewhere and barely made it in time with Black (with no problem). Incidentally, any GM dealer can sell coverage for any GM product.
#33
Safety Car
Member Since: Sep 2006
Location: Land of 10,000 taxes
Posts: 4,566
Likes: 0
Received 3 Likes
on
2 Posts
if you decide to get an extended warantee, get the GM one, check this out http://www.startribune.com/business/12387251.html
note that it may take another company down with it
note that it may take another company down with it
#34
Former Vendor
GMPP Response
I am going to chime into this and answer a few questions:
VET4LES
I guess you misunderstood me, you can buy a GMPP any time up until you are at 36K or 3 Years. You can wait till the last day if you want but I highly do not recommend that. After you purchase your ORIGINAL GMPP then you can extend it once but you must do it 2 MONTHS and 2000 MILES before expiration of that plan.
porterrw
I am not the cheapest on the net but I OFFER THE BEST SERVICE of anyone on the net including good old BLACK CADILLAC, PONTIAC, GMC. Do you see anywhere in their name that they can even look at your CORVETTE or that they know anything about it at all. Also you did not mention to everyone that you paid a processing fee to use your credit card on top of their pricing. Maybe you sent them a check which the processing fee would not apply but they do charge for running a credit card and I DO NOT.
I and Ken have always stated we will match any and all prices offered on the NET provided we can still cover all our charges involved in the transaction. I get calls daily from customers who have shopped me and I am usually in the $20-$25 more and GUESS WHO THEY BUY FROM.
We feel the service we provide to all of the Corvette family is worth a little bit.
Remember I am offering $50 off till 12-28-07 to everyone, you must mention you saw the offer to get it. Please email me for your free quote and include your VIN and current miles for accurate quote.
gmpp@fichtnerchevrolet.com
dfichtner@fichtnerchevrolet.com
MERRY CHRISTMAS AND HAPPY NEW YEAR TO EVERYONE
Dennis Fichtner
VET4LES
I guess you misunderstood me, you can buy a GMPP any time up until you are at 36K or 3 Years. You can wait till the last day if you want but I highly do not recommend that. After you purchase your ORIGINAL GMPP then you can extend it once but you must do it 2 MONTHS and 2000 MILES before expiration of that plan.
porterrw
I am not the cheapest on the net but I OFFER THE BEST SERVICE of anyone on the net including good old BLACK CADILLAC, PONTIAC, GMC. Do you see anywhere in their name that they can even look at your CORVETTE or that they know anything about it at all. Also you did not mention to everyone that you paid a processing fee to use your credit card on top of their pricing. Maybe you sent them a check which the processing fee would not apply but they do charge for running a credit card and I DO NOT.
I and Ken have always stated we will match any and all prices offered on the NET provided we can still cover all our charges involved in the transaction. I get calls daily from customers who have shopped me and I am usually in the $20-$25 more and GUESS WHO THEY BUY FROM.
We feel the service we provide to all of the Corvette family is worth a little bit.
Remember I am offering $50 off till 12-28-07 to everyone, you must mention you saw the offer to get it. Please email me for your free quote and include your VIN and current miles for accurate quote.
gmpp@fichtnerchevrolet.com
dfichtner@fichtnerchevrolet.com
MERRY CHRISTMAS AND HAPPY NEW YEAR TO EVERYONE
Dennis Fichtner
#36
Team Owner
Frome everyting I have read and experienced I agree, bottom line would be save your money on the extended warranty and take care of the car. The factory warranty should be all the prtection you need.
The people selling extended warranties aren't doing it just out of the goodness of their hearts. They know that, on average, what they charge you will be more than you collect from them. The only way to make this worthwhile is to make sure that you break more stuff than the average person. So if you intend to treat the car rough, buy it. If you intend to take care of it, save your money.
#37
Team Owner
Member Since: Oct 2004
Location: San Clemente CA
Posts: 27,420
Likes: 0
Received 59 Likes
on
48 Posts
I am going to chime into this and answer a few questions:
VET4LES
I guess you misunderstood me, you can buy a GMPP any time up until you are at 36K or 3 Years. You can wait till the last day if you want but I highly do not recommend that. After you purchase your ORIGINAL GMPP then you can extend it once but you must do it 2 MONTHS and 2000 MILES before expiration of that plan.
gmpp@fichtnerchevrolet.com
dfichtner@fichtnerchevrolet.com
MERRY CHRISTMAS AND HAPPY NEW YEAR TO EVERYONE
Dennis Fichtner
VET4LES
I guess you misunderstood me, you can buy a GMPP any time up until you are at 36K or 3 Years. You can wait till the last day if you want but I highly do not recommend that. After you purchase your ORIGINAL GMPP then you can extend it once but you must do it 2 MONTHS and 2000 MILES before expiration of that plan.
gmpp@fichtnerchevrolet.com
dfichtner@fichtnerchevrolet.com
MERRY CHRISTMAS AND HAPPY NEW YEAR TO EVERYONE
Dennis Fichtner
#38
GMPP = Repair Insurance Policy
With a GMPP purchase, you are insuring yourself against future breakdowns. If you intend to keep your Vette forever, it may not be a bad deal. The more you pay for coverage, the longer it can be protected (up to 7 years). Example: $1400 buys you a 7-year, zero dollar deductible coverage. You are simply betting against future repair costs. Once outside the 3-year bumper-to-bumper warranty, none of your electronics are covered, for example - and the Vette has lots and lots of electronic gizmos. Your GM powertrain is the only component covered for 5-years (just do not make any stupid engine mods). Yes the GMPP is a moneymaker for GM, but if you ever have to use it, it usually pays for itself in a couple of visits to the dealer. Example: I had a Buick Park Avenue Ultra that had the driver's leather seat go bad (no motion, no control, nor would it heat). By the time GM got done replacing every possible component (to a cost of $2500), the GMPP had more than paid for itself. If you only plan on keeping your Vette a few years, then it is not worth purchasing. However, it can be a helpful selling point when you want to sell your car. If a buyer has a choice between 2 identical Vettes - one with a GMPP warranty and one without, guess which one he'll probably buy.
#39
If you do purchase an extended service contract, make sure its not a third party contract. With that type of vehicle your best bet is to purchase a GMPP aka: General Motors Protection Plan. Cost more but in the end its worth it. No aftermarket or used parts, all OE parts. No major hassles with inspectors coming out to decline the repairs, its pretty much automated when the dealer calls in.
#40
Safety Car
Member Since: Aug 2006
Location: Makena, Maui & NM
Posts: 4,206
Likes: 0
Received 5 Likes
on
4 Posts
I am going to chime into this and answer a few questions:
I and Ken have always stated we will match any and all prices offered on the NET provided we can still cover all our charges involved in the transaction. I get calls daily from customers who have shopped me and I am usually in the $20-$25 more and GUESS WHO THEY BUY FROM.
We feel the service we provide to all of the Corvette family is worth a little bit.
Remember I am offering $50 off till 12-28-07 to everyone, you must mention you saw the offer to get it. Please email me for your free quote and include your VIN and current miles for accurate quote.
gmpp@fichtnerchevrolet.com
dfichtner@fichtnerchevrolet.com
MERRY CHRISTMAS AND HAPPY NEW YEAR TO EVERYONE
Dennis Fichtner
I and Ken have always stated we will match any and all prices offered on the NET provided we can still cover all our charges involved in the transaction. I get calls daily from customers who have shopped me and I am usually in the $20-$25 more and GUESS WHO THEY BUY FROM.
We feel the service we provide to all of the Corvette family is worth a little bit.
Remember I am offering $50 off till 12-28-07 to everyone, you must mention you saw the offer to get it. Please email me for your free quote and include your VIN and current miles for accurate quote.
gmpp@fichtnerchevrolet.com
dfichtner@fichtnerchevrolet.com
MERRY CHRISTMAS AND HAPPY NEW YEAR TO EVERYONE
Dennis Fichtner
Wow I feel decieved now. I thought GMPP was totally GM owned and operated. MIC also comes up as Universal Warranty Corp. This is sold very heavly as an aftermarket warranty policy on many other brand cars. This brings back memory of Rusty Jones rust proofing sold by many auto dealers and when there treated cars started rusting and claims started coming in they just folded to avoid making good on fixing the rusted cars they claimed to protect. What if any responsibility does GM have if MIC suddenly decides to fold and declare to go BK?? I think we need to find this out. I now feel decieved by the Forum dealer that sold me the GMPP warranty as GM backed and provided.
http://forums.corvetteforum.com/show...post1563143956