Sure glad I have mine. Used it twice so far and have three years to go. I have saved more than it cost. I would never and have not bought an extended warranty on any other car but a Corvette is different than other cars.

I had a wheel start leaking when it was several years old on another car. The dealer replaced it no questions ask.

 

When you purchase a Chrysler car, you should based on history, expect transmission problems.

 

your rants miss the whole point. who cares what and how much a dealer makes selling them? i don't care if they make 70% commission. that's the system that is set up between the insurer and the outlet just like any other enterprise. there are many other high dollar items like electronics that are not 5/100. i paid less than $1,000 for a 0 ded GMPP that went out two more years and many more miles past the 3/36. if i never use it i don't care. for me IT'S CHEAP INSURANCE.

I UNDERSTAND THAT YOU DON'T LIKE EXTENDED WARRANTIES AND ANYONE INVOLVED THAT MAKES A PROFIT. DON'T PURCHASE ONE - PERIOD, END OF YOUR STORY.

 

 

While I may be the only "no" person here.
I still have the right to voice my view. You need to RELAX.

In the end it is about money. How much money does the buyer put out for the warranty and is it worth the investment?

Consumer reports did a multi-year study on extended warranties. Over 8,000 case studies were done. In the end, Consumer Reports said that overall they are NOT worth it.

The only time CR recommends them is for very problematic/low reliability cars. If you feel that the C6 fits that bill, then maybe it is worth buying an EW. Most C6 owners put LOW mileage on their cars.

Extended warranties consistently inhabit top 10 lists of consumer complaints, all the time. The fine print in the contracts is their way out of paying up.

A/C Compressor goes out. Dealer says that lack of A/C maintenance caused the problem and they will NOT cover it. Did not know that A/C needed "maintenance". Oh yes, it does, an annual check-up to test the refrigerant levels and operation, as the refrigerant carries the lubrication needed to keep seals and A/C compressor internals lubed. Annual A/C check-up is $250 out of pocket. No check-up, no warranty coverage due to "misuse, neglect". Warranty is useless. You pay $1,800 out of pocket for R&R A/C compressor, plus the $2k+ you spent on the EW, so you are out over $4k.

If you plan to keep your car for no more than a year or so after the factory warranty ends, an extended warranty is a losing proposition. But if you plan to keep your vehicle till the wheels fall off (maybe 5% of C6 current owners will), or you’re buying a used luxury car outside of a certified pre-owned program, an extended warranty might make sense.

That is Consumer Reports viewpoint and my viewpoint. People can make their own decisions from here.

 

We know, pal. You said all this before. The "odds are greatly in favor for the house" in all forms of insurance. But I'll bet you have insurance on your house and Corvette. You're right: Each person should make a choice based on his or her individual circumstances. Intemperate rants are not helpful to anyone in making that decision.

See ya.

 

One last time. Extended warranties are NOT considered insurance. They're not even warranties as defined by federal law. They are arrangements known as extended service contracts.

Extended warranty companies are not subject to the same close regulation and oversight as home and auto insurance companies. Therefore they can and will deny you with just a whim. They are NOT regulated like car and home insurance. They make and break their own rules as they see fit.

Your argument is with Consumer Reports, CNW Marketing Research, and the rest of the data analysis companies out there.

I don't care if you buy a GMPP warranty. Do what you feel is right. I am just trying to show the other side of the coin. There are 2 sides to each issue.

 

Good grief, you are dense. Extended warranties are a form of insurance to the buyer. Whether they are regulated like life insurance or home insurance is irrelevant to this discussion. I'm sorry you are incapable of understanding this. My so-called "argument" is with no one. As I said above, which you apparently are also incapable of understanding, I am not "arguing" with any numbers cited by any organization about automobile extended warranties. I am saying that for some individuals an extended warranty may make sense, and your apparently pigheaded, one-sided view of the world does them a disservice.

By the way, how does Consumer Reports, your apparent source of all knowledge on automobiles, rate your Corvette for reliability?