GMPP for Me
Safety Car
Joined: Aug 2006
Posts: 4,206
Likes: 6
From: Makena, Maui & NM
Duh I still got my 5 year GM Powertrain warranty, so my powertrain is covered just like YOU! 
Hahahahaha....since you are laughing at those who sold off their GMPP plans, let me poke some fun at you too! I pay $300 a month for med insurance myself (with a $1000 deductible) so I am saving about $300 a month x 12 months= $3600 a year over YOU! This $3600 savings on my part PER YEAR will not only EASILY pay for any C6 problems for the next 5-10 years, I will also be putting this savings into the bank, unlike you!
Next time, instead of poking fun at others here like a smart aleck, try to do something to help cut the cost and increase the quality of health insurance!!
Last edited by siffert; Dec 30, 2008 at 03:12 PM.
Racer
Joined: Dec 2006
Posts: 465
Likes: 18
From: Prescott AZ
Hey 191 mph Guy (on a closed course of course)...
I'm not a mechanic, buuuuuut... One complete transmission replaced, one shifter/linkage replaced and a leaky rear axle seal boot doesn't sound minor to me!!!!!! Oh, come to think of it... didn't you also have the rear end/differential chatter issue covered on a TSB??? But hey, I'm just a chick with a C6.... so what do I know????????
I'm not a mechanic, buuuuuut... One complete transmission replaced, one shifter/linkage replaced and a leaky rear axle seal boot doesn't sound minor to me!!!!!! Oh, come to think of it... didn't you also have the rear end/differential chatter issue covered on a TSB??? But hey, I'm just a chick with a C6.... so what do I know????????
Just several more reasons why GM is in so much trouble!!!!!! 
EFE Z06
Racer
Joined: Dec 2006
Posts: 465
Likes: 18
From: Prescott AZ
Le Mans Master
Joined: May 2005
Posts: 6,660
Likes: 828
From: FORT LAUDERDALE FL
No panic and I still cashed in my GMPP. I still think its a SMART move. If you think GM/GMAC is completely out of the woods, think again. It is still possible for some of us to say " No pity on you" less than a year from now.
Duh I still got my 5 year GM Powertrain warranty, so my powertrain is covered just like YOU!
Hahahahaha....since you are laughing at those who sold off their GMPP plans, let me poke some fun at you too! I pay $300 a month for med insurance myself (with a $1000 deductible) so I am saving about $300 a month x 12 months= $3600 a year over YOU! This $3600 savings on my part PER YEAR will not only EASILY pay for any C6 problems for the next 5-10 years, I will also be putting this savings into the bank, unlike you!
Next time, instead of poking fun at others here like a smart aleck, try to do something to help cut the cost and increase the quality of health insurance!!
Duh I still got my 5 year GM Powertrain warranty, so my powertrain is covered just like YOU! Hahahahaha....since you are laughing at those who sold off their GMPP plans, let me poke some fun at you too! I pay $300 a month for med insurance myself (with a $1000 deductible) so I am saving about $300 a month x 12 months= $3600 a year over YOU! This $3600 savings on my part PER YEAR will not only EASILY pay for any C6 problems for the next 5-10 years, I will also be putting this savings into the bank, unlike you!
Next time, instead of poking fun at others here like a smart aleck, try to do something to help cut the cost and increase the quality of health insurance!!
Le Mans Master
Joined: Aug 1999
Posts: 5,411
Likes: 2
From: N Carolina 08 Z51 Coupe
For all of those who panicked and turned theirs in for a refund... and are now not able to purchase another one for their current C6... well, not such a smart move in light of GMAC/GMPP rejuvinated financial status.
Hope you don't have a warranty claim in the next 5 years, as mine will be covered and yours will not!!!
Hope you don't have a warranty claim in the next 5 years, as mine will be covered and yours will not!!!
Team Owner
Joined: Apr 2008
Posts: 51,040
Likes: 1,160
From: S/W ,Fla-Ohio State Football isn't a matter of life or death,Its Much More serious than that
I respect your opinions, but the GMPP was the best fit for me. I don't drive the car particularly hard, and have no intensions of any modifications. I understand that there is overlap and I also understand that I have a 5/100 powertrain. My concerns revolve around not powertrain issues. What put me over the edge was the fact that my Bose RAdio/CD player quit recently (within the first year) and the diagnosis/labor/parts to replace it was $1600. It was all covered under warranty. I agree with you on the debt issues on GMAC/GMPP, but the $585 seemed like a reasonable gamble to take. How about if we keep in touch in 5 years to see who made the best choice?!?!? Only time will tell on this one...
Lyn
Lyn
I'm going to have to agree with Lyn on this one.Its not really powertrain issues I'm worried about its the ELECTRONIC issues that will be big buck items if they go out.So any one that buys the extended warranty for that amount of money did very well.
Team Owner
Joined: May 2004
Posts: 82,175
Likes: 1,319
From: McKinney TX
St. Jude Donor '21-'22-'23-'24
Advanced
Joined: Dec 2008
Posts: 67
Likes: 0
From: Houston Texas
I just bought my first Vette, an 06 coupe with 37K miles - went ahead and got the 36 mos/36K miles/$100 deductible GMPP Major Guard. Cost me $2K. Fear of something major going wrong with the electronics was the deciding factor. Only plan to keep it for the 3 yrs covered and then trade up to a newer model.
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Racer
Joined: Dec 2006
Posts: 465
Likes: 18
From: Prescott AZ
:craz y:EFE Z06
Safety Car
Joined: Aug 2006
Posts: 4,206
Likes: 6
From: Makena, Maui & NM
Thread Starter
Drifting
Joined: Oct 2006
Posts: 1,763
Likes: 664
Hahahahaha....since you are laughing at those who sold off their GMPP plans, let me poke some fun at you too! I pay $300 a month for med insurance myself (with a $1000 deductible) so I am saving about $300 a month x 12 months= $3600 a year over YOU! This $3600 savings on my part PER YEAR will not only EASILY pay for any C6 problems for the next 5-10 years, I will also be putting this savings into the bank, unlike you!
I think you just proved that you are a lot younger than I am.... have you reached age 25 yet??? Lyn
Melting Slicks
Joined: Feb 2004
Posts: 2,791
Likes: 44
From: Loudon/Lake Mary Tennessee/Florida
Thread Starter
Drifting
Joined: Oct 2006
Posts: 1,763
Likes: 664
Nice to know that there are some other smart Vette owners out there. 
Lyn
Racer
Joined: Dec 2006
Posts: 465
Likes: 18
From: Prescott AZ
But don't worry, the next time you take your C6 to 180mph and start dozing off, you won't feel a thing, although your passenger may be going into cardiac arrest! 
EFE Z06
Melting Slicks
Joined: Feb 2007
Posts: 3,488
Likes: 0
I certainly am glad you're happy with your purchase. Your statements, however, are not accurate.
You realize that your GMPP is running concurrently with your factory warranty? That means that until 7/24/2010 you are not receiving any benefit at all from GMPP since the factory warranty bumper-to-bumper is still in effect (assuming you aren't over on the mileage). Further, since there is a 5/100 powertrain warranty, your GMPP isn't going to add anything to that portion of the factory warranty until the 5/100 has run its course as well. So, you paid GMPP for coverage that won't even be used but will continue to expire until your factory coverages drop off.
Add to that the fact that you cannot modify your car or drive it as it was intended to be driven, and GMPP is hardly a "good deal."
One other thing, GMAC, which owns GMPP, isn't "rejuvenated" as you'd like to portray. They've taken on tons of new debt which they cannot afford. They'll be back in trouble in a few months.
You realize that your GMPP is running concurrently with your factory warranty? That means that until 7/24/2010 you are not receiving any benefit at all from GMPP since the factory warranty bumper-to-bumper is still in effect (assuming you aren't over on the mileage). Further, since there is a 5/100 powertrain warranty, your GMPP isn't going to add anything to that portion of the factory warranty until the 5/100 has run its course as well. So, you paid GMPP for coverage that won't even be used but will continue to expire until your factory coverages drop off.
Add to that the fact that you cannot modify your car or drive it as it was intended to be driven, and GMPP is hardly a "good deal."
One other thing, GMAC, which owns GMPP, isn't "rejuvenated" as you'd like to portray. They've taken on tons of new debt which they cannot afford. They'll be back in trouble in a few months.
definitive answer/reply- case closed.
Team Owner
Joined: Aug 2007
Posts: 136,140
Likes: 2,433
From: I live my life by 2 rules. 1) Never share everything you know. 2)
St. Jude Donor '11-'12-'13, '16-'17-'18
And what's with this arrogant, elitist, snake oil salesman Office of the President Elect crap?
Ok, taking this to PR&C....
Team Owner
Joined: Oct 2004
Posts: 27,420
Likes: 64
From: San Clemente CA
I bought my five year extension a week before the factory warranty expired on my 05. I now have five additional years. I paid less than twice what the op paid. Of corse I bought it from Dennis.
Thread Starter
Drifting
Joined: Oct 2006
Posts: 1,763
Likes: 664
When I fall asleep at the wheel, you will be BEHIND me so you can watch what happens!!!
Lyn
Team Owner
Joined: Jul 2004
Posts: 40,420
Likes: 792
From: Redondo Beach, California
I paid a little over $2000 for an extended 3 years of "bumper to bumper" warranty coverage for my 08 that I bought last month. It came with three years, so now I have 6 years and 72000 miles. At first I refused the coverage. I made an out the door offer on the car and when the salesman went to get approval, I stopped to think....what the hey!! everytime I take my Cadallac SLS or Thunderbird DD's in for service, just about every repair seems to cost $1000. With all the bells and whistles on the C6, somewhere within the three to six year time frame, I'm probably going to be seeing several $1000 dollar repair bills. When th salesman returned I had him add the extended warranty back in. (My out the door offer was countered by a $512 upper and I accepted)
Le Mans Master
Joined: Jul 2006
Posts: 5,894
Likes: 1
From: Farmingdale NY
St. Jude Donor '06
The in-service date for my 07 was 10/6/06. I contacted Dennis and bought the 84 month plan for a very reasonable price on 9/26/07. It would have been a lot more expensive if I waited until after the car was more than 12 months old and considered to be used as opposed to new.
The plan will carry me until 9/26/14, or the 2015 model year. This works out very well for me persoonally since my plan is to keep my 07 until the second or third year of the C7. It also means that I'll have what is essentially an 8 year bumper to bumper warranty on the car for what works out to be pennies a day. Not a bad deal or a whole lot of money considering what I paid for my pretty well loaded Vert in the first place.
Like my Term Life Insurance, I hope I never have to use it and GMPP makes out on the deal, but if I do have to use it I'm confident that I'll come out on the winning end.
There is no single wrong or right answer for everyone or every siituation. I almost never take extended warranty plans on the things I buy, but when it seems to make sense to me and the price is right I make an exception.