I have a 2017 Stingray, 11k easy miles on it.

What's the general opinion on purchasing the Chevrolet Platinum Protection Plan. Is it worth it?

 

Half will say yes. Half will say no. Ultimately it is up to you. Do you have the resources to cover a major repair? If not then a protection plan will give you peace of mind. Search for extended warranties, protection plans, on this site there are a couple sponsors that sell them at reduced prices.

 

I just purchased a '17 GS with 3366 miles on 4/18/20, read several threads about the GM Platinum Coverage and who had the best price, I called 3 different dealers and here is who I decided to purchase from, they had the best price hands down......
MacMulkin Chevrolet
Josh Beaulieu
603-888-1121
I purchased a 6 year, 48K miles, $0 deductible for $1163.00

 

My thoughts on an extended warranty is this. I won't buy one while the factory warranty is in place. Why spend money to cover things that are already covered? When I got my 2019 GS, I did buy tire and wheel coverage, based on what I learned about cracking wheels, etc. If I still have the car when the factory warranty get close to it's end, I will look into buying another warranty.

 

Depends on how much it costs and what you have. If you have a 3LT and the dashboard fails, that alone will cost you as much as pretty much any plan. Same for if you've got mag ride, dealers sure love to make that $300 part/side=$900/side with install.

 

When buying the GM plan for our 2009 and then 2017, I checked prices for buying within first year/10k miles, or waiting until B2B was almost expired.
If we didn't keep the car a long time or put on many miles, waiting until later saved us some money. But since we do keep the cars a long time and put on a lot miles, we saved significant money getting to the same end point of coverage, by buying early.

Get some quotes based on your expected use, and see what works best for you.

 

With all the electronics on these cars, one repair could cost you $$
Mine just ran out in March ,
, I would go with the GM plan give this guy a call.Ryan O'Neill
Vehicle Service Contract Specialist
(888)436-5431 Phone

 

Gearhead Jim, I'm curious what plan( y/k ) and what price was when you purchased plan for your 17. Wondering difference from when I bought my GMEPP a couple months ago for my 17 GS. I can't find price I got from dealer in my notes for plan at time of GS purchase in 17. Info would help in comparing when to buy. Might help my self and others of when to buy. Dave

 

Better question might be of those that have it how many have actually used it. My opinion is you most likely will not ever use it, but if it gives you piece of mind go for it.

 

I do buy extended warranties for peace of mind. I can turn a wrench but I'm not a mechanic and with all these electronic and my thinking I will be keeping car for a while it's worth it to ME. As for those who have used it . I purchased a plan after buying a used 04 ( my first vette ) I paid around $ 1200.00 for plan I had two claims under that policy/plan. First was for 'Fuel tank Crossover ' cost $2300.00. Cost me 0. My 04 didn't show signs of problem till after special 10 year GM warranty for problem expired. Second was for engine compartment fuse box replacement cost around $ 600.00 cost me 0. I traded in 04 and got back around $ 525.00. So in my case I came out ahead in the long run. Agree with peace of mind go for it, especially if your thinking of keeping car past BTB warranty. Dave

 

On average, insurance companies take in more money in premiums than they pay out in claims. You pay a small fee initially to avoid a possible large hit later. But sometimes they get the predictions wrong. I've bought long term care insurance and disability insurance at prices that turned out to be at least 50% below where rates eventually stabilized. And I've bought the GM extended warranty on three previous Corvettes, made money on each one. Plus the convenience when something goes wrong on a road trip.

Actually, I'd like to lose money on the GM extended warranty for our C7, the B2B expires next month so we'll see how that develops.

 

I tossed most of my old notes, but here's what I see, prices on a 2017 Z51 2LT A8, GM Platinum plan with $0 deductible purchased in late summer 2017:
At 6 months/9k miles, the 84 mo/100k plan was $4091
At 6 months/19k miles, the 72 mo/75k plan was similar at $4076

The prices are similar, but notice the reduced months and miles of coverage. The car would have 15k fewer miles when the coverage ended and probably fewer months of coverage.
In addition, my numbers did not show whatever the price increase would have been for the car being about a year older, nor any annual price increases that GM frequently puts in.
The numbers for waiting until near the end of our B2B were not to our advantage but I don't have them anymore.

I once had some numbers for our 2009 for buying early, or waiting until 25 months/35k miles. If I waited, the amount of coverage I could buy was a lot less. Of course I wouldn't have "wasted" any coverage, but I recall that the end point for our coverage was actually earlier in months and miles if we waited to buy, and the price was higher. Not sure how comparable the 2009 numbers are for today.

My advice is always to get quotes from a couple of the known good price guys, for purchase within the first 10 mo/10k miles; then try get numbers for just before your B2B runs out. My experience was that if you drive the car a lot, buying earlier was the better deal. Waiting until just before the B2B ends works better if you're a low miles guy.

 

Gear head Jim,Thanks for info and thoughts. I do agree with getting a few quotes. This info you gave will help members here decide when to buy . In MY case I don’t put a lot of miles on my Corvette and really don’t like overlapping the warranties. So I buy with a few months left on BTB. So members have a comparison I bought my GMEPP plan a couple months back . My 17 GS had only 4500 miles at the time I bought plan and 5 1/2 months left on BTB. I purchased 7y/ 56k Platinum Plan 0 deductible for $ 1490.00.
Hoping this info from Gearhead Jim and info I gave on my plan purchase helps members decide which time is best to buy there plan. Remember a lot of thing go into price. Get multiple quotes. Also get copies of plan you are getting quotes to make sure what is and isn’t covered. Last don’t forget about the 30 day and 1000 mile waiting period before plans start. 30 day and 1000 miles are to added back end of policy so you don’t lose time or mileage. Now I have to go get my GS out of winter storage and put some miles on my GS!


I recently retired and now will be able to drive my GS a lot more.

 

I had my 2017 in the dealer and asked about their warranty after the bumper to bumper is up ,and here is what he quoted me 60/40,000 miles $2795,,72/48000 $2995,,84/56000 miles $3495 he said is just like the bumper to bumper warranty, Bill

 

I got my 2016 Vett less then a month ago and was thinking of getting a protection plan.



Instead I with with the production plan instead

 

The dash repair is only covered under the 3/36 warranty. It is not covered under CPO or Extended Warranty. Shocks are covered though.

 

It used to be that shocks of any kind were not covered by the GM or Ally extended warranties.
When we bought the GM extended warranty for our 2017 (with mag ride) in late summer 2017, Ally did not cover shocks but GM (now called Chevrolet Protection Plan) did cover them. The GM plan was a couple of hundred dollars more, covers the shocks and also pays more to the dealer doing any warranty work.
I haven't checked the Ally plan recently to see if they have started covering shocks.

 

gearhead yes ally covers the shocks!

 

Do a google search on the cost/benefit ratio of extended warranties on today's cars.

 

I just purchased a 5 yr Platinum GMEPP a couple of weeks ago. For peace of mind, if nothing else, I am glad I got it. Someone asked how many have actually used their protection plans. I answer the question like this...I have never had my house burn down, or have had hail damage on my roof, but I always carry house insurance. Its one of those things that I hope I NEVER have to use, but in case I ever do, its great to have.