Notices
C6 Corvette ZR1 & Z06 General info about GM’s Corvette Supercar, LS9 Corvette Technical Info, Performance Upgrades, Suspension Setup for Street or Track
Sponsored by:
Sponsored by: Kraken

[Z06] Extended Warranty is it worth it ?

Thread Tools
 
Search this Thread
 
Old 01-11-2011, 10:05 PM
  #1  
b4i4getit
Le Mans Master
Thread Starter
 
b4i4getit's Avatar
 
Member Since: Oct 2004
Location: Toronto Ontario Canada
Posts: 6,813
Received 285 Likes on 193 Posts

Default Extended Warranty is it worth it ?

When I took delivery of my Z06 the dealer asked if I wanted to purchase the extended warranty. I did not have it with my previous C6 so I did not see the reason for it now. The dealer says I can add it any time during the 3 year warranty but it will get more expensive each year. He could not quote how much it goes up each year. Does anybody know what percentage it goes up after each year and if it is worth it especially for a Z06 ? Comments of your experience with extended warranty ?

Last edited by b4i4getit; 01-11-2011 at 10:15 PM.
Old 01-11-2011, 10:12 PM
  #2  
dfinke23
Melting Slicks
Support Corvetteforum!
 
dfinke23's Avatar
 
Member Since: Jul 2008
Posts: 3,047
Likes: 0
Received 4 Likes on 3 Posts

Default

Just ask this guy:

http://forums.corvetteforum.com/c6-z...-ls7-help.html
Old 01-11-2011, 10:17 PM
  #3  
b4i4getit
Le Mans Master
Thread Starter
 
b4i4getit's Avatar
 
Member Since: Oct 2004
Location: Toronto Ontario Canada
Posts: 6,813
Received 285 Likes on 193 Posts

Default

Originally Posted by dfinke23
My impression is that with an extended warranty they will find all sorts of ways to get out of a major expense. I recall reading such stories in this forum over the years.
Old 01-11-2011, 10:20 PM
  #4  
Cdn Z06 Mike
Le Mans Master
 
Cdn Z06 Mike's Avatar
 
Member Since: Nov 2004
Location: ontario Ontario
Posts: 5,749
Received 12 Likes on 9 Posts

Default

There will be some potential differences between Canada and the U.S. when it comes to extended warranty. You may wish to post this is the events and regional Canadian section as they might know more info. What I can tell you is that pricing on extended warranties may not go up each year but may go up every couple years but even if they do they don't increase by much. The extended warranties are also negotiable in that you can buy it from any store not just the one you got the car from so discounts may also apply. Also something to consider as it varies by manufacturer....if you buy an extended warranty and sell the car prior to even getting close to using it you may have lost it all. I will always wait to the last minute to before I buy another extended warranty and never again at the time of purchase. I bought 2 new 2010 Muano's last year and learned a lesson that cost me several thousand with extended warranties. wait until the final month to buy and at least determine if you even need it!
Old 01-11-2011, 11:29 PM
  #5  
Vette5.5
Le Mans Master
 
Vette5.5's Avatar
 
Member Since: Sep 2004
Location: Livonia MI
Posts: 5,116
Likes: 0
Received 5 Likes on 5 Posts
Default

Some of the aftermarket warranties try to take the cheap way out sometime's, but GMPP is rock solid. Most don't drive their Vette's much, so you can get long term/low milage coverage quite reasonably. Not sure of the Canada thing, but Fichtner Chevrolet in MT is where most go in the states. Give Dennis a call, as he probably know's about Canadian policies too. I have GMPP on my car's, as know what a single dealer repair visit can cost.
Old 01-12-2011, 01:44 AM
  #6  
Mopar Jimmy
Team Owner
 
Mopar Jimmy's Avatar
 
Member Since: Apr 2001
Location: Elmhurst, IL (West Suburb of Chicago) & Home of MEGA Horsepower
Posts: 26,714
Received 584 Likes on 399 Posts
St. Jude Donor '06

Default

Originally Posted by dfinke23
The GMPP extended warranty is a MUST for piece of mind (assuming your Z is staying stock other than CAI or catback) as sh it does happen once in awhile like it does with any car, and EVERYTHING is expensive on these cars if you have to bring it in for repair. For the poor soul about he is out an LS7 engine that costs $14,000 just sitting in a crank, not to mention labor charges to install it, etc., etc.

Don't go the cheap route stick with the GMPP bumper to bumper extended warranty for the lowest deductible you can afford and for the LONGEST period of time you can get!
The following users liked this post:
Z5108 (02-01-2016)
Old 01-12-2011, 02:36 AM
  #7  
hoefi
Racer
 
hoefi's Avatar
 
Member Since: Oct 2005
Posts: 365
Likes: 0
Received 0 Likes on 0 Posts

Default

Warrantee from GM Canada??? Even their original warrantee means nothing, what makes you think their extended one is any better.

http://forums.corvetteforum.com/c6-z...-warranty.html
Old 01-12-2011, 02:42 PM
  #8  
INFERNO Z07
Racer
 
INFERNO Z07's Avatar
 
Member Since: Jul 2004
Location: Raleigh NC
Posts: 471
Received 0 Likes on 0 Posts

Default

If you don't want to face a Potential High Dollar repair bill then it's good insurance. Some don't need it due to available cash and the low risk of an issue. But if you do like that peace of mind - (I do), contact the forum dealers for a quote but wait until close to the end of your 3/36 to buy it. If you buy it now the clock starts now and you don't need double protection. Sure the cost will rise over the next year or two but the discounts the vendors here give, it's negligible.

Oh GMPP for sure and only! My last non-factory company went bankrupt and I got 10% of my orig. warranty cost back with no claims ever filed.

There are always issues with any business (below posting) but a majority of the time I have faith and have been served well by GMPP even when cashing in my last warranty when I sold the car.

Last edited by INFERNO Z07; 01-12-2011 at 02:44 PM.
Old 01-12-2011, 02:57 PM
  #9  
JohnTheStigGalt
Melting Slicks
Support Corvetteforum!
 
JohnTheStigGalt's Avatar
 
Member Since: Jan 2003
Location: Annapolis MD
Posts: 3,417
Likes: 0
Received 2 Likes on 1 Post

Default

Any Forum Vendors giving good deals on them? I've an '09 2LZ w/13K miles.
Old 01-12-2011, 03:55 PM
  #10  
Bill Dearborn
Tech Contributor
 
Bill Dearborn's Avatar
 
Member Since: Oct 1999
Location: Charlotte, NC (formerly Endicott, NY)
Posts: 40,122
Received 8,956 Likes on 5,345 Posts

Default

Dealers seem to welcome working with GMPP. One thing I have learned is that GMPP does not pay for diagnostic services if no faults are found. That is on your nickel. However, over a period of 10 years on my two C5s they picked up the cost of replacing a C5 side mirror, a power seat track, a bunch of wheel bearings, tie rods, several power steering pumps, a power steering rack or two, a C5Z EBCM and BPMV all at a cost to them of much more than I paid for the two separate plans I had. Lets put it this way, I paid a total of $2500 for plans to cover my 97 followed by my 03. The ABS repair on the 03 cost them right around $3000. Of course I do use my cars a little harder than the guy who just putt putts around on the street.

Bill
Old 01-12-2011, 04:14 PM
  #11  
FNBADAZ06
Le Mans Master
 
FNBADAZ06's Avatar
 
Member Since: Jun 2009
Posts: 6,726
Received 635 Likes on 444 Posts

Default

Another sweet deal regarding the GMPP warranty is that ANY repair shop can perform the work...your car does not need to go to a GM dealership for the repairs to be executed.
I use a local Corvette centric speedshop in Tempe, AZ for my warranty repairs as of late..knowing that my car will be kept inside of the shop at all times during the repair period and my friendship with the owner who is also a C6 Z06 owner.
Old 01-12-2011, 04:15 PM
  #12  
INFERNO Z07
Racer
 
INFERNO Z07's Avatar
 
Member Since: Jul 2004
Location: Raleigh NC
Posts: 471
Received 0 Likes on 0 Posts

Default

Originally Posted by JohnTheStigGalt
Any Forum Vendors giving good deals on them? I've an '09 2LZ w/13K miles.
Search will get a few. I got a great quote from the one below but am waiting until closer to my 3/36 expiring.

Dennis Fichtner [gmpp@fichtnerchevrolet.com]
Old 01-12-2011, 04:16 PM
  #13  
FNBADAZ06
Le Mans Master
 
FNBADAZ06's Avatar
 
Member Since: Jun 2009
Posts: 6,726
Received 635 Likes on 444 Posts

Default

Originally Posted by ATOMIC09Z06
Search will get a few. I got a great quote from the one below but am waiting until closer to my 3/36 expiring.

Dennis Fichtner [gmpp@fichtnerchevrolet.com]
Dennis got me the GMPP for my '06 as well.
Old 01-12-2011, 06:13 PM
  #14  
Nolyaw
Instructor
 
Nolyaw's Avatar
 
Member Since: Oct 2010
Posts: 207
Likes: 0
Received 0 Likes on 0 Posts
Default

Remember-quoted prices are just a suggestion. Even Dennis will come off some
Old 03-21-2013, 10:25 AM
  #15  
lerostand
Intermediate
 
lerostand's Avatar
 
Member Since: Mar 2013
Posts: 25
Likes: 0
Received 0 Likes on 0 Posts
Default Lou R - SW PA

Originally Posted by Nolyaw
Remember-quoted prices are just a suggestion. Even Dennis will come off some
Anybody hear of, or have any experience with the "Motorist Assistance Program" or "ECP Incorporated"?
Old 03-21-2013, 10:38 AM
  #16  
wolf8218
Drifting
 
wolf8218's Avatar
 
Member Since: Oct 2011
Location: Houston Texas
Posts: 1,386
Likes: 0
Received 1 Like on 1 Post
Default

Originally Posted by lerostand
Anybody hear of, or have any experience with the "Motorist Assistance Program" or "ECP Incorporated"?
I think I had MAP for my Nissan.

What company/contact information do you have for them?
Old 03-21-2013, 11:14 AM
  #17  
skudlw
Burning Brakes
 
skudlw's Avatar
 
Member Since: Jan 2007
Location: Alpharetta GA
Posts: 1,085
Likes: 0
Received 1 Like on 1 Post

Default

I have one that is due for renewal this month. Never used it and most likely will not renew ($1500). Based on the mileage I drive (about 2000 per year) I don't think it's worth it.

Get notified of new replies

To Extended Warranty is it worth it ?

Old 03-21-2013, 12:09 PM
  #18  
Paul330
Instructor
 
Paul330's Avatar
 
Member Since: Sep 2006
Location: NH
Posts: 218
Likes: 0
Received 0 Likes on 0 Posts

Default

Originally Posted by b4i4getit
When I took delivery of my Z06 the dealer asked if I wanted to purchase the extended warranty. I did not have it with my previous C6 so I did not see the reason for it now. The dealer says I can add it any time during the 3 year warranty but it will get more expensive each year. He could not quote how much it goes up each year. Does anybody know what percentage it goes up after each year and if it is worth it especially for a Z06 ? Comments of your experience with extended warranty ?
On average, the consumer loses when it comes to extended warranties. They've got them priced so that, on average, they take in more than they pay out. Similar to how your auto & home insurance companies stay in business. It's your decision, based on your circumstances, as to whether you'd like to purchase a policy.
Old 03-21-2013, 12:58 PM
  #19  
wolf8218
Drifting
 
wolf8218's Avatar
 
Member Since: Oct 2011
Location: Houston Texas
Posts: 1,386
Likes: 0
Received 1 Like on 1 Post
Default

Originally Posted by Paul330
On average, the consumer loses when it comes to extended warranties. They've got them priced so that, on average, they take in more than they pay out. Similar to how your auto & home insurance companies stay in business. It's your decision, based on your circumstances, as to whether you'd like to purchase a policy.
They're called "extended warranties" but what they really are is an INSURANCE POLICY.

80% of people lose out when they pay for health insurance. Why would this be any different?

Anyways, I guess I'm one of the 20%. I paid 1800 for a warranty on my Nissan, and it paid for approximately the same amount in parts and labor.

This is why I opted to do so again on my Z06. 4 years 75k miles for ~2k, not bad.
Old 03-21-2013, 03:36 PM
  #20  
GMuffley
Le Mans Master
 
GMuffley's Avatar
 
Member Since: May 2007
Location: Tallahassee FL
Posts: 6,007
Likes: 0
Received 9 Likes on 9 Posts

Default

I never purchased an extended warranty. I wish now I had bought it for the Z


Quick Reply: [Z06] Extended Warranty is it worth it ?



All times are GMT -4. The time now is 12:40 AM.