Extended Warranty???
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Joined: Dec 2012
Posts: 9
Likes: 1
Extended Warranty???
I have a friend who is trying to decide if he needs an extended warranty. In January of last year, he bought a certified 2016 with less than 4,000 miles. The car looks and performs like new. He bought the car from a Chevrolet dealer near McKinney, TX. The car now has about 7,000 miles on it and it has had the transmission flush, although the transmission was operating correctly at the time. The bumper to bumper portion of the certified warranty is about to expire.
I am of the opinion he probably doesn't need an extended warranty. However, I would like to get some feedback from the C7 community out there.
Your comments will be appreciated!
Thanks,
Dan
I am of the opinion he probably doesn't need an extended warranty. However, I would like to get some feedback from the C7 community out there.
Your comments will be appreciated!
Thanks,
Dan
Melting Slicks
Joined: Dec 2007
Posts: 2,902
Likes: 667
From: North Fulton Georgia
I have a friend who is trying to decide if he needs an extended warranty. In January of last year, he bought a certified 2016 with less than 4,000 miles. The car looks and performs like new. He bought the car from a Chevrolet dealer near McKinney, TX. The car now has about 7,000 miles on it and it has had the transmission flush, although the transmission was operating correctly at the time. The bumper to bumper portion of the certified warranty is about to expire.
I am of the opinion he probably doesn't need an extended warranty. However, I would like to get some feedback from the C7 community out there.
Your comments will be appreciated!
Thanks,
Dan
I am of the opinion he probably doesn't need an extended warranty. However, I would like to get some feedback from the C7 community out there.
Your comments will be appreciated!
Thanks,
Dan
Team Owner
Joined: Sep 2010
Posts: 32,040
Likes: 4,610
I have a friend who is trying to decide if he needs an extended warranty. In January of last year, he bought a certified 2016 with less than 4,000 miles. The car looks and performs like new. He bought the car from a Chevrolet dealer near McKinney, TX. The car now has about 7,000 miles on it and it has had the transmission flush, although the transmission was operating correctly at the time. The bumper to bumper portion of the certified warranty is about to expire.
I am of the opinion he probably doesn't need an extended warranty. However, I would like to get some feedback from the C7 community out there.
Your comments will be appreciated!
Thanks,
Dan
I am of the opinion he probably doesn't need an extended warranty. However, I would like to get some feedback from the C7 community out there.
Your comments will be appreciated!
Thanks,
Dan
Whatever he decides, is right for him......👍💯
Race Director
Joined: Apr 2017
Posts: 13,599
Likes: 12,854
From: Virginia
I did purchase an GMEPP extended warranty on my 2017 GS a month prior to my BTB expiring even though I have never purchased an extended warranty on anything else in my entire lifetime. This because all they typically are is an overpriced insurance policy that heavily benefits the insurer.
So why did I purchase the GMEPP? Because even though I don't believe it will pay off, it's worth the risk to me considering the high repair costs and the GMEPP only cost me just under $1100 for a 72 month-48,000 mile policy that is transferable or unused portion redeemable at sale of of your Corvette..
The C7 forum has a lot of info on this and confirms that the GMEPP is the extended warranty of choice for Corvette owners. Don't purchase an extended warranty as part of your Corvette purchase as even though rates are a little lower you are just doubling-up for the first 3 years at no benefit. Best time to purchase is just prior to expiration of your 36 month BTB warranty.
Be sure to contact Todd Sutherland (978 660 8045) with MacMulkin for info as he will typically save you $200-$300 over other sellers for like GMEPP policies.
So why did I purchase the GMEPP? Because even though I don't believe it will pay off, it's worth the risk to me considering the high repair costs and the GMEPP only cost me just under $1100 for a 72 month-48,000 mile policy that is transferable or unused portion redeemable at sale of of your Corvette..
The C7 forum has a lot of info on this and confirms that the GMEPP is the extended warranty of choice for Corvette owners. Don't purchase an extended warranty as part of your Corvette purchase as even though rates are a little lower you are just doubling-up for the first 3 years at no benefit. Best time to purchase is just prior to expiration of your 36 month BTB warranty.
Be sure to contact Todd Sutherland (978 660 8045) with MacMulkin for info as he will typically save you $200-$300 over other sellers for like GMEPP policies.
Roadster Madness. 😠
Joined: Sep 2009
Posts: 6,273
Likes: 2,335
From: Ventura Co Ca
SoCal Regional Events Coordinator
St. Jude Donor '13, '20-'21
Are you kidding? With all the advanced mechanical, electronics, and Corvette tax, I would not leave home without it. One repair could pay you back. Like Kevin, I have never purchased an extended warranty, before. As soon as I found the car I wanted at Carmax, I asked how much for the extended warranty. They had different coverage's, at varying costs. I chose the Five Year/100,000 mile coverage that could be used at the Dealer, Carmax (we have a Carmax location nearby), or other places, for under $2,000.
The first time my speedometer panel and the radio went black and did it again, 20 minutes later, I was glad I had coverage! I was luck though, and it has not done it again in over a year. I choose not to take a chance.
The first time my speedometer panel and the radio went black and did it again, 20 minutes later, I was glad I had coverage! I was luck though, and it has not done it again in over a year. I choose not to take a chance.
Advanced
Joined: Nov 2019
Posts: 69
Likes: 28
From: FL
I just purchased a 2016 1LT from Vroom w/ 5.5k miles on it. I contacted Todd Sutherland for a quote and all I really got back was a table showing prices. Does anyone have more info on the kind of warranty this is and if I ever had to use it, is it legitimate?
Team Owner
Joined: Sep 2010
Posts: 32,040
Likes: 4,610
Todd Sutherland represents MacMulkin Chevrolet Cadillac in Nashua, NH. 100% legit. I sent him $1,699.00 (Visa card) for my $0 deductible 84 mo. 56K mile Platinum Extended Warranty 2-years ago. Lowest price in the Country.👍
Advanced
Joined: Nov 2019
Posts: 69
Likes: 28
From: FL
Hmm looks like prices really shot up.. for a $0 deductible 84mo 70k mile Platinum it's $4,100....
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Melting Slicks
Joined: Aug 2018
Posts: 2,005
Likes: 1,583
From: Clermont, Florida
Skid Row Joe probably purchased his warranty before his bumper to bumper expired hence the low cost. Your car for a warranty quote is considered a used car and a higher cost.
Melting Slicks
Joined: Jul 2015
Posts: 2,254
Likes: 781
From: Nashville TN
Yep. Best time to buy is right before original 3/36k warranty expires, and understand there is a 30 day AND 1,000 mile waiting period until it becomes activated.
Sample Contract:
https://www.ssforums.com/attachments...ct-pdf.165833/
Sample Contract:
https://www.ssforums.com/attachments...ct-pdf.165833/
Administrator
Joined: Mar 2001
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From: In a parallel universe. Currently own 2014 Stingray Coupe.
C7 of the Year - Modified Finalist 2021
MO Events Coordinator
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St. Jude Donor '03 thru '25
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When I purchased my 2014 back in 2018, I bought a GMEPP warranty from Dennis Fichtner. Cost was $2200 at the time. Have had one claim so far for replacement of the infotainment screen - cost was $1300 with the warranty picking up everything since I have a zero deductible policy. I still have almost two years to go on the warranty and whether or not repair costs exceed the cost I paid remains to be seen, but I do have that peace of mind knowing that a major repair would be covered.
Whether you should buy a warranty depends on your own personal risk tolerance should something happen with the car. The C7 is a pretty reliable car but things can happen. And yes, warranties heavily favor the selling company in that they won’t have to pay out more than you pay for the policy.
Whether you should buy a warranty depends on your own personal risk tolerance should something happen with the car. The C7 is a pretty reliable car but things can happen. And yes, warranties heavily favor the selling company in that they won’t have to pay out more than you pay for the policy.
Instructor
Joined: Jul 2013
Posts: 174
Likes: 128
From: Caledonia, MS
I just bought a 17 GS with 8600 miles. Car looks perfect but I bought the extended warranty for piece of mind. I look at it as insurance, hope I dont need it but glad to have if something happens
Drifting
Joined: May 2010
Posts: 1,273
Likes: 74
From: Fairfield County, CT
I did purchase an GMEPP extended warranty on my 2017 GS a month prior to my BTB expiring even though I have never purchased an extended warranty on anything else in my entire lifetime. This because all they typically are is an overpriced insurance policy that heavily benefits the insurer.
So why did I purchase the GMEPP? Because even though I don't believe it will pay off, it's worth the risk to me considering the high repair costs and the GMEPP only cost me just under $1100 for a 72 month-48,000 mile policy that is transferable or unused portion redeemable at sale of of your Corvette..
The C7 forum has a lot of info on this and confirms that the GMEPP is the extended warranty of choice for Corvette owners. Don't purchase an extended warranty as part of your Corvette purchase as even though rates are a little lower you are just doubling-up for the first 3 years at no benefit. Best time to purchase is just prior to expiration of your 36 month BTB warranty.
Be sure to contact Todd Sutherland (978 660 8045) with MacMulkin for info as he will typically save you $200-$300 over other sellers for like GMEPP policies.
So why did I purchase the GMEPP? Because even though I don't believe it will pay off, it's worth the risk to me considering the high repair costs and the GMEPP only cost me just under $1100 for a 72 month-48,000 mile policy that is transferable or unused portion redeemable at sale of of your Corvette..
The C7 forum has a lot of info on this and confirms that the GMEPP is the extended warranty of choice for Corvette owners. Don't purchase an extended warranty as part of your Corvette purchase as even though rates are a little lower you are just doubling-up for the first 3 years at no benefit. Best time to purchase is just prior to expiration of your 36 month BTB warranty.
Be sure to contact Todd Sutherland (978 660 8045) with MacMulkin for info as he will typically save you $200-$300 over other sellers for like GMEPP policies.
Team Owner
Joined: Sep 2010
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Instructor
Joined: Jan 2008
Posts: 199
Likes: 92
From: Wynnewood Pennsylvania
Agreed, the ideal time to buy is a few months before the expiration of the 3/36 warranty. Prices go up thereafter. I purchased mine about 6 weeks in advance, enough to get the 1,000 mile on the odometer. Regarding risk/reward, I'd purchased an extended warranty only once before, for my 2005 Contour (SE. V6, & 5-speed). Totally unreliable, yet fun to drive, I never used the extended warranty enough to justify the purchase. However, the repair stories on this forum (however infrequent they may be) all seem to come with a price tag about equal to the cost of the extended warranty. Seemed reasonable, however the real reason I purchased was to avoid repair cost blow-back from my better half. Another vote for Todd at MacMulkin from me..
Instructor
Joined: Aug 2020
Posts: 204
Likes: 25
If your only going to put a few thousand a year on a car, buying an extended warranty is foolish. If you don't have confidence in your purchase don't buy it in the first place.
This, my opinion after having owned probably 25 or so new vehicles.
Only time an extended warranty would have payed off was a transmission failure in a dodge Caravan.
This, my opinion after having owned probably 25 or so new vehicles.
Only time an extended warranty would have payed off was a transmission failure in a dodge Caravan.
Instructor
Joined: Jan 2021
Posts: 214
Likes: 113
From: Powell TN
Pay now or pay later. If you don’t have any claims, GMEPP makes out very well! Remember, this is a profit program.
I’ve only purchased 1 extended warranty in my 54 years of vehicle ownership. During that warranty, I had 2 claims. One claim was denied because it was a non-drivetrain component (suspension parts). The other claim was an engine part that was replaced with a rebuilt/reconditioned part.
On all of my subsequent purchases, I passed on all extended warranty purchases. Instead, I just put $80 in a separate bank account (repair fund). Result—I occasionally dip into the fund for repairs, but I now have several thousands saved up. Bottom line-the profit goes to me!
Save the wave,
Kangarew
I’ve only purchased 1 extended warranty in my 54 years of vehicle ownership. During that warranty, I had 2 claims. One claim was denied because it was a non-drivetrain component (suspension parts). The other claim was an engine part that was replaced with a rebuilt/reconditioned part.
On all of my subsequent purchases, I passed on all extended warranty purchases. Instead, I just put $80 in a separate bank account (repair fund). Result—I occasionally dip into the fund for repairs, but I now have several thousands saved up. Bottom line-the profit goes to me!
Save the wave,
Kangarew