stingraymyway

As with many 2014 owners approaching, or have hit the 3 year 36000 mile mark of the bumper to bumper warranty. I'm wondering how many have opted to extend their factory warranty? And, has anyone had to use it? If so, were there any hassles or unpleasant surprises?
What say you?

segen77

I'm really interested in this as well. I have less than 500 miles on mine and was quoted about 1500 and and estimated 3k if I wait until the 36k is almost up. My issue is I have no clue how many miles I will put on it each year so it may not be worth getting at any point.

GTFD2

I have a 2014 that is past the three year mark. Extended the warranty and had to use it last month. All went well. Purchased thru Fichner.

VetteDrmr

I personally never get an extended warranty on anything, but especially cars. I've had maybe one issue (ABS EBCM) with my C5 that *may* have been covered, but I doubt it even then. And the repair (get EBCM rebuilt) would still have been less than the cost of the warranty, not even thinking about any deductible.

But I know there are people that really like them; it's just a matter of perceived security (you won't know until you have to use it) vs. cost and hassle factor (who honors the warranty?).

HTH, and have a good one,
Mike

John Ulrich

I purchased another 7 years thru Fichner for my almost 3 yr old '14. With shop rates at $125+ and expensive parts.... I'll sleep better with it.

davepl

I bought the 10 year Platinum for $1800, I believe, at the time of purchase. And I'm someone who outright laughs at the moronic nature of extended warranties, but I did some math, and I thought that was very cheap. In fact, since he'd started out asking something like $3500 I thought it was an error on their part at the time.

I'd only get the platinum though, if you care about anything other than the engine, because the other tiers have so many exclusions so as to be useless. Read them carefully.

I figured I only needed ONE thing to go wrong in the 10 year period (outside the factory warranty) to be worthwhile. Nav screen, rear diff, steering rack... you name, it's hard to have a component failure be less than $1800 at a dealership these days.

Totally against my nature, which is only to insure against the catastrophic. I self-insure for everything else. But the numbers added up somehow at the time!

LanceVette

I did the extended warranty. Early 2015 model. Dealer suggested due to the extensive electronics that our C7's have, and with my plans to keep her for a while, it made good sense for me. Peace of mind I guess.

marc4427

I did the extended with my 2014. My C6 Nav stopped working and my extended warranty replaced it with a new one . That's the reason I decided to purchase again especially with all the electronics this car has. I also knew I wouldn't be tuning my car , supercharge, etc...

golden2husky

I bought an extra 8 years from a Forum vendor a month before my warranty ran out. I generally don't believe in them but this was a first year GM car and it is rather complex. Being that the only warranty work was the squealing brakes, I may not need it but a couple of repairs and I am ahead.

2kvetmy

I have bought them for 4 Corvettes,and, never used them,but. like others have said: peace of mind due to expense of any repair on the vettes

stingraymyway

Where'd you get a 10 year for $1800?

mschuyler

You buy insurance because it's a crap shoot. You never know, so if peace of mind is the deal, I will never fault anyone for doing it, BUT...a couple of points.

1. Extended warranties are a revenue stream. The insurance provider is betting heavily that you won't have issues. He's 'in the business' and has run the actuarial numbers. Overall, he's going to win and you are going to lose. Otherwise, he would not stay in business.

2. Electronics, if it is going to fail, will fail within a year, or it won't fail until its end-of-life. Look at any graph of electronics failures and you will see the failure rate peak at about six months than rapidly decrease to the base line where it stays until the 10 year mark, where it starts to increase again, slowly. Most all the failures occur within the bumper to bumper period, and when the failure rate starts upwards again, it's just beyond the Extended Warranty period as well. You lose again.

Extended warranties prey on FUD: your own fear, uncertainty, and doubt. Given the facts of the situation, buying one is not a rational decision. But if that's what floats your boat. you don't need to be rational. Just do it.

twowinns

I have a 2014 with a Certified Pre-Owned warranty expiring in October. I plan to buy an extended Platinum GEPP warranty in September. I only plan to purchase an additional 4 or 5 years of coverage, but feel the premium is very reasonable.

roadbike56

I've already purchased a GMEPP extended warranty. I wouldn't buy an aftermarket warranty, not worth it, but I had intended to extend the GMEPP plan from the moment I bought the Corvette as I plan to keep this one for a while.

dvilin

Exactly and why I have never bought an extended warranty and never had a need for one.

gurneyeagle

Good for peace of mind, and transferrable if you ever sell the car.


If you plan on keeping a car long term, it's a no-brainer for me. Was bitten once for not buying an extended warranty. Price a nav, electric diff, or transmission, and you will get my point.


Still a matter of personal choice. There is no right or wrong answer here.

Larry/car

$1,800/$3,500 is a good chunk of first year depreciation. Average three thousand dollars over the factory three year bumper to bumper period (which is considerably better than extended warranties currently offered) and your trade-in value increases portionality. Trading every three years keeps your warranty concerns in check. When buying your new car, purchase only options that will return some of their original purchase price to keep depreciation loss to a minimum. Reference; Kelly Blue Book.

Dennis Fichtner

News to me also that you can get a 10 year Platinum Plan, I sell these daily and have never in my 4 years of selling GMEPP Platinum Plans seen a 10 year plan. The most offered now is 84 months so would be very interested if in fact it was a 10 year plan!!

Chemdawg99

I didn't read the whole thread, but I thought I'd add my two cents with a very simple adage I learned in the Army...

It is better to have and not need than to need and not have.

Two cents given.

Chemdawg99

Good advice, but people often don't think they need insurance until they need it.

That's the whole problem with the health care debate, but I won't debate that point here. My point is this...

Sure, you can save the money to have something repaired should it fail. You already have to do that with tires, brakes, etc. However, to suggest that there is no point or value at all in an extended warranty and that it is just pure profit for GM/the dealership/etc. is not exactly true in all cases.

There are good arguments for and against extended warranties for cars.

My argument is that it is better have and not need than to need and not have.