Extended warranty
#1
Burning Brakes
Thread Starter
Extended warranty
I bought my warranty from Dennis yesterday. $1940 for 48 months or 48,000 additional miles. That price is less than I expected and I'm happy with it. I have 30 days to reach my 1000 miles. that should not be a problem as this next week will take me from fla to savannah, to the dragon in Nc and up the blue ridge parkway into va.
#2
I think the price is also depends on how old your corvette is and how many miles you have it on now. For example if one has 2 years left and buy a 4 year extended he would pay less than someone who had just 6 months left of bumper to bumper so I think it would be nice to know more details. Since you said you have to wait a month I am assuming your bumper to bumper is gone. so you received four years for 2000 which seems like a good deal.
#3
Racer
I think all extended warranty is bogus, they will try every possible way they can avoid the repairs.
I Recently looked at a corvette still has the factory warranty, and I want them to replace the center armrest and was denied. Last Corvette I purchase I have the wheel package warrantee and came to find out it had one crack wheel, I returned to the dealer and they did not cover the warranty because they said it was already cracked prior of me purchasing this vehicle from them.
I Recently looked at a corvette still has the factory warranty, and I want them to replace the center armrest and was denied. Last Corvette I purchase I have the wheel package warrantee and came to find out it had one crack wheel, I returned to the dealer and they did not cover the warranty because they said it was already cracked prior of me purchasing this vehicle from them.
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Art17 (07-14-2019)
#5
I know the folks who sell it cannot...not sure about us...you be right....just do not know.
#6
Melting Slicks
I had the (old) GMPP on my 02Z years ago.I had several sensors go out and would have cost a lot more than the ext warranty did.
On these cars (IMO) it can be money well spent if you keep your car for a long time .Good selling point also.
\db2
On these cars (IMO) it can be money well spent if you keep your car for a long time .Good selling point also.
\db2
Last edited by dbaker; 07-13-2019 at 03:40 PM.
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Michael T* (07-16-2019)
#7
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Good price you got. The warranty will provide some peace of mind for you.
#8
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Everyone knows someone who made out like a bandit with their extended warranty, saving big bucks on some repair or another (called "the man who" fallacy, btw). If one does the research it is clear that very few ever come close to recouping the policy cost with repairs. That should come as no surprise or the "products" wouldn't be sold for the prices they are. The reason these things proliferate as they do--I just saw an ad for one on TV as I write this--is that most cars are built as well as they are today. To each his or her own, of course, but just sayin'...
#9
Le Mans Master
There are ads running on network radio featuring an overly-amped male announcer proclaiming "you'll never have to pay for a covered repair!"
Of course, the warranty company gets to determine what's covered and what's not. But the tone of the ads, in my opinion, create the illusion that if you fork over the bucks, everything's covered just like your original factory warranty.
If you're considering an extended warranty, carefully read and re-read what's covered and what's excluded. More than a few posters here have stated that they've bought an extended "bumper-to-bumper" warranty -- believing they've extended the original OE warranty -- only to find out later, for example, that seat skins, leather dashes, as well as other trim and upholstery items are not covered -- they're considered wear and tear items. Same holds true for rattles, wind noise, weatherstripping, etc. And the exclusion list goes on ....
Of course, the warranty company gets to determine what's covered and what's not. But the tone of the ads, in my opinion, create the illusion that if you fork over the bucks, everything's covered just like your original factory warranty.
If you're considering an extended warranty, carefully read and re-read what's covered and what's excluded. More than a few posters here have stated that they've bought an extended "bumper-to-bumper" warranty -- believing they've extended the original OE warranty -- only to find out later, for example, that seat skins, leather dashes, as well as other trim and upholstery items are not covered -- they're considered wear and tear items. Same holds true for rattles, wind noise, weatherstripping, etc. And the exclusion list goes on ....
Last edited by Virtual Geezer; 07-13-2019 at 06:43 PM.
#10
Le Mans Master
I think all extended warranty is bogus, they will try every possible way they can avoid the repairs.
I Recently looked at a corvette still has the factory warranty, and I want them to replace the center armrest and was denied. Last Corvette I purchase I have the wheel package warrantee and came to find out it had one crack wheel, I returned to the dealer and they did not cover the warranty because they said it was already cracked prior of me purchasing this vehicle from them.
I Recently looked at a corvette still has the factory warranty, and I want them to replace the center armrest and was denied. Last Corvette I purchase I have the wheel package warrantee and came to find out it had one crack wheel, I returned to the dealer and they did not cover the warranty because they said it was already cracked prior of me purchasing this vehicle from them.
#11
Burning Brakes
Thread Starter
my vert top was intermittent for 2 years before the dealer could duplicate the gripe and fix it. my 'screen' has gone dark twice so far, but not at the dealer. my HUD has gone out 3 times so far, but not at the dealer. I have the 'warble' noise but the dealer can't hear it. I have had the triple flush to fix the tq conv...will it last? My 36 month b to b warranty expires aug 11. I will be without warranty overage for 24 hours. I don't think I could have timed the warranty purchase any better. I will have to keep the car at least 4 more years before I can even consider selling or trading the car. a deer hit last thanksgiving gave me a $25k Carfax hit.
Last edited by kitesurfer; 07-14-2019 at 05:44 AM.
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Maxie2U (07-17-2019)
#12
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I think all extended warranty is bogus, they will try every possible way they can avoid the repairs.
I Recently looked at a corvette still has the factory warranty, and I want them to replace the center armrest and was denied. [SPOILER]Last Corvette I purchase I have the wheel package warrantee and came to find out it had one crack wheel, I returned to the dealer and they did not cover the warranty because they said it was already cracked prior of me purchasing this vehicle from them[.
I Recently looked at a corvette still has the factory warranty, and I want them to replace the center armrest and was denied. [SPOILER]Last Corvette I purchase I have the wheel package warrantee and came to find out it had one crack wheel, I returned to the dealer and they did not cover the warranty because they said it was already cracked prior of me purchasing this vehicle from them[.
#13
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As Clint Eastwood once said "Do you feel lucky? Well do you?" You roll the dice not having a warranty
#14
Race Director
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Maxie2U (07-17-2019)
#16
Le Mans Master
I learned a little about the GMEPP warranty and thought I'd share my experiences. I'm not saying extended warranties (actually, repair insurance) are good or bad, it depends on your personal situation.
First, GMEPP is not the same as the bumper to bumper. Trim and wear items are excluded (brakes, belts, interior rattles, leather problems, etc.). You need to understand all of the exclusions.
During the bumper to bumper period if something breaks you most likely will not have to pay anything.
Once the bumper to bumper period is over you will be responsible for diagnostic fees if the problem isn't covered, or if the problem can't be reproduced.
Some examples:
I had a rattling noise under light acceleration. It was diagnosed as a bad belt tensioner and the tensioner (but not the belt) was replaced. This fixed the problem under the bumper to bumper warranty. The noise subsequently returned when the bumper to bumper warranty had expired. The tensioner was bad again (leaking oil). But this time there was a TSB stating the noise was caused by the OEM belt (not the tensioner) and needs to be replaced by a Gates belt. The GMEPP covered the leaking tensioner but not the belt.
I had a suspension rattling noise that went away under breaking. The technicians were not able to reproduce the noise during the bumper to bumper period. The noise eventually got bad enough to be reproduced by the technician after the bumper to bumper warranty had expired. The noise was caused by the early 2 piece Z51 brake rotor disk coming loose from the hat (there is a TSB for this). The rotors were not covered since the problem was not diagnosed during the bumper to bumper warranty period and brakes are not covered under GMEPP.
My car (2015) has the delayed shift engagement after sitting overnight. There is a TSB for this and I was aware of the problem early on (requires removal of the transmission). However, this is when people started having the A8 shuddering problem and it was not clear what was causing this. I didn't want to go through the transmission removal twice so I decided to wait to see if my car developed the shuddering problem. Since the current fix to the shuddering problem is likely a fluid change it is unlikely it would require transmission removal to fix. I decided to pursue getting the delayed engagement addressed. The delayed engagement problem doesn't always happen after sitting overnight. I was informed that if the problem didn't occur after sitting for 24 hours that I would be responsible for the diagnostic fees since I'm out of the bumper to bumper warranty.
My point is you need to do everything you can to get problems correctly addressed under the bumper to bumper warranty even if you have/plan to get an extended warranty.
First, GMEPP is not the same as the bumper to bumper. Trim and wear items are excluded (brakes, belts, interior rattles, leather problems, etc.). You need to understand all of the exclusions.
During the bumper to bumper period if something breaks you most likely will not have to pay anything.
Once the bumper to bumper period is over you will be responsible for diagnostic fees if the problem isn't covered, or if the problem can't be reproduced.
Some examples:
I had a rattling noise under light acceleration. It was diagnosed as a bad belt tensioner and the tensioner (but not the belt) was replaced. This fixed the problem under the bumper to bumper warranty. The noise subsequently returned when the bumper to bumper warranty had expired. The tensioner was bad again (leaking oil). But this time there was a TSB stating the noise was caused by the OEM belt (not the tensioner) and needs to be replaced by a Gates belt. The GMEPP covered the leaking tensioner but not the belt.
I had a suspension rattling noise that went away under breaking. The technicians were not able to reproduce the noise during the bumper to bumper period. The noise eventually got bad enough to be reproduced by the technician after the bumper to bumper warranty had expired. The noise was caused by the early 2 piece Z51 brake rotor disk coming loose from the hat (there is a TSB for this). The rotors were not covered since the problem was not diagnosed during the bumper to bumper warranty period and brakes are not covered under GMEPP.
My car (2015) has the delayed shift engagement after sitting overnight. There is a TSB for this and I was aware of the problem early on (requires removal of the transmission). However, this is when people started having the A8 shuddering problem and it was not clear what was causing this. I didn't want to go through the transmission removal twice so I decided to wait to see if my car developed the shuddering problem. Since the current fix to the shuddering problem is likely a fluid change it is unlikely it would require transmission removal to fix. I decided to pursue getting the delayed engagement addressed. The delayed engagement problem doesn't always happen after sitting overnight. I was informed that if the problem didn't occur after sitting for 24 hours that I would be responsible for the diagnostic fees since I'm out of the bumper to bumper warranty.
My point is you need to do everything you can to get problems correctly addressed under the bumper to bumper warranty even if you have/plan to get an extended warranty.
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#17
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Buying a EW is about insuring against a big loss. We buy house ins, life ins, long term care plans, health ins. etc & hope to never use it. I bought my '02 with 20k miles. My tech at the time, who drove C5 told me the car didn't need it & he was right. However, when I bought a $106,000 used motor home I had no problem paying $4k for a 4 yr plan and I made out great.
My feeling is that buying a EW is about how much risk there is. I used to be a finance mgr at dealerships and believed in EWs for the same reason, protecting me from a major expense. Better to be safe than sorry. I'm going to move up to a used C7 & most likely will buy a EW, the electronics can be pricey but I will check with my people at local dealer who takes great care of me & my car. By the way, I also was a used & new car dealer.
My feeling is that buying a EW is about how much risk there is. I used to be a finance mgr at dealerships and believed in EWs for the same reason, protecting me from a major expense. Better to be safe than sorry. I'm going to move up to a used C7 & most likely will buy a EW, the electronics can be pricey but I will check with my people at local dealer who takes great care of me & my car. By the way, I also was a used & new car dealer.
#18
Safety Car
I have bought the extended warranty on every new Corvette I have ever owned. I have bought 3 new Corvettes and 3 lightly used Corvettes. All the lightly used Corvettes had an extended warranty that I transferred over and were a major factor in me buying that car and paying the price I did. In all of my C4 and C5 purchases new or used I was pretty hard on the car, be it track days, autocross or mods. In each case the EW returned me 2-4 times its purchase price in repairs. I don't track, autocross or mod my cars any longer (in fact drive them like the slow old man I have become) but still buy the EW because it will make your eventual sale a whole lot easier if you sell after the 36 month in service date. My C6Z was 4 years old when I bought it but only had 4200 miles on it and had an EW for a full 9 years from inservice date and up to 60,000 miles. I traded it in at 8 years old and 20,000 miles so never used it but it gave me great piece of mind against the dreaded valve guide problems of the LS7. My C7Z now has a GMEPP out to 7 years, 3 months and 60,000 miles from inservice date. If I sell it the buyer will love it and if he doesn't I will cancel it and get the unused portion back as a refund.
However shop around as some of the prices I hear on the forum seem pretty high. Also when you talk about the warranty it is important to say whether your buy was from purchase date or from end of BtoB. Most are from purchase date. So if you have a 24 month old car with 10,000 miles a 48/48 will cover the car up through 6 years and 58,000 miles, not 7 years and 84,000 miles. And if you are a buyer you definitely should know which you are being quoted as you can see there is a huge difference in what you get. As you can see the 7/84 would be expected to cost a lot more than the 6/58. My EW was bought at 27 months after inservice date and the car had about 10,000 miles on it. So my 60 mo/50k gave me 5 years from that purchase date or out to 7 years, 3 months, and an additional 50,000 miles over the 10,000 miles I had at purchase date.
However shop around as some of the prices I hear on the forum seem pretty high. Also when you talk about the warranty it is important to say whether your buy was from purchase date or from end of BtoB. Most are from purchase date. So if you have a 24 month old car with 10,000 miles a 48/48 will cover the car up through 6 years and 58,000 miles, not 7 years and 84,000 miles. And if you are a buyer you definitely should know which you are being quoted as you can see there is a huge difference in what you get. As you can see the 7/84 would be expected to cost a lot more than the 6/58. My EW was bought at 27 months after inservice date and the car had about 10,000 miles on it. So my 60 mo/50k gave me 5 years from that purchase date or out to 7 years, 3 months, and an additional 50,000 miles over the 10,000 miles I had at purchase date.
Last edited by pkincy; 07-14-2019 at 10:08 PM.
#19
Instructor
Last week I sent my homeowners insurance company a check for $1200 as I have for the past several decades and NEVER had a claim. I’ll soon be sending my auto carrier close to $1,000 and other than a windshield repair have NEVER in (several decades) submitted a claim. So spending a couple of grand for four/4 years of extended warranty coverage seems like a bargain.....
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#20
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I have bought the extended warranty on every new Corvette I have ever owned. I have bought 3 new Corvettes and 3 lightly used Corvettes. All the lightly used Corvettes had an extended warranty that I transferred over and were a major factor in me buying that car and paying the price I did. In all of my C4 and C5 purchases new or used I was pretty hard on the car, be it track days, autocross or mods. In each case the EW returned me 2-4 times its purchase price in repairs. I don't track, autocross or mod my cars any longer (in fact drive them like the slow old man I have become) but still buy the EW because it will make your eventual sale a whole lot easier if you sell after the 36 month in service date. My C6Z was 4 years old when I bought it but only had 4200 miles on it and had an EW for a full 9 years from inservice date and up to 60,000 miles. I traded it in at 8 years old and 20,000 miles so never used it but it gave me great piece of mind against the dreaded valve guide problems of the LS7. My C7Z now has a GMEPP out to 7 years, 3 months and 60,000 miles from inservice date. If I sell it the buyer will love it and if he doesn't I will cancel it and get the unused portion back as a refund.
However shop around as some of the prices I hear on the forum seem pretty high. Also when you talk about the warranty it is important to say whether your buy was from purchase date or from end of BtoB. Most are from purchase date. So if you have a 24 month old car with 10,000 miles a 48/48 will cover the car up through 6 years and 58,000 miles, not 7 years and 84,000 miles. And if you are a buyer you definitely should know which you are being quoted as you can see there is a huge difference in what you get. As you can see the 7/84 would be expected to cost a lot more than the 6/58. My EW was bought at 27 months after inservice date and the car had about 10,000 miles on it. So my 60 mo/50k gave me 5 years from that purchase date or out to 7 years, 3 months, and an additional 50,000 miles over the 10,000 miles I had at purchase date.
However shop around as some of the prices I hear on the forum seem pretty high. Also when you talk about the warranty it is important to say whether your buy was from purchase date or from end of BtoB. Most are from purchase date. So if you have a 24 month old car with 10,000 miles a 48/48 will cover the car up through 6 years and 58,000 miles, not 7 years and 84,000 miles. And if you are a buyer you definitely should know which you are being quoted as you can see there is a huge difference in what you get. As you can see the 7/84 would be expected to cost a lot more than the 6/58. My EW was bought at 27 months after inservice date and the car had about 10,000 miles on it. So my 60 mo/50k gave me 5 years from that purchase date or out to 7 years, 3 months, and an additional 50,000 miles over the 10,000 miles I had at purchase date.
is your ew a GMEPP. Do you mind telling where you bought it ?