Extended Warranty
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Racer
Joined: Nov 2005
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Extended Warranty
My C7 has been off warranty for several years. Because of it's age, and since I intend to keep it for the foreseeable future, I am thinking about purchasing an extended warranty. Is there any consensus among forum members as to which company is most reliable at the best price?
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From: In a parallel universe. Currently own 2014 Stingray Coupe.
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Well, you won’t get a GM warranty. But many dealers offer warranties from a variety of warranty providers - some known, some you may not have heard about. Financial institutions also offer extended warranties. Just be sure to thoroughly investigate the warranty company before deciding to purchase.
Roadster Madness. 😠
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So, make sure you get the longest warranty available. I have three years down on a five year and called to extend it. It was not something that they do.
Team Owner
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Drifting
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It could be good or it could be not so good. Without comparison quotes for your specific situation, how would you know? I never make a decision until I have at least three quotes. A little due diligence can save you a lot of money or at least ensure that you're getting good value for you money. My advice to you is to contact a few more warranty companies.
Good advice IMHO. 👍
Burning Brakes
Joined: Nov 2022
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From: MN
- For how many miles?
- What doesn't it cover?
- Deductible?
- Transferable? How many times and what is the cost?
- What's the cap on repairs?
- Where can you get it repaired?
- 15 years and 50k miles
- Maintenance and hoses
- $100
- Yes, once, $50
- Vehicle value
- Any ASE certified shop
Melting Slicks
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Short of engine replacement, it won't pay for itself. Save the money and pay as you go.
Keep in mind that most of these warranties have nuances to be aware of. For instance, on many of them an oil leak is not considered a covered repair until it's consistently dropping oil on the ground. If you have a drip that just hangs on a bolt or dampness around the pan....not covered. Items that break on the engine such as sensors may or may not be covered. They literally only cover the engine, not what gets bolted to it. This is not true of all warranties but it's certainly the fine print you'll want to read.
For $3400 you can pay for all the hubs, the sway bar end links, bushings, and general wear and tear and likely still have money left over....especially if you can do any of the work yourself.
Keep in mind that most of these warranties have nuances to be aware of. For instance, on many of them an oil leak is not considered a covered repair until it's consistently dropping oil on the ground. If you have a drip that just hangs on a bolt or dampness around the pan....not covered. Items that break on the engine such as sensors may or may not be covered. They literally only cover the engine, not what gets bolted to it. This is not true of all warranties but it's certainly the fine print you'll want to read.
For $3400 you can pay for all the hubs, the sway bar end links, bushings, and general wear and tear and likely still have money left over....especially if you can do any of the work yourself.
Team Owner
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None of them had an engine replacement or other huge repair, just lots of small-medium dollar jobs.
Aftermarket warranties have more variation in cost-value relationship, shop wisely.
Team Owner
Joined: Jul 2004
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From: Hartford WI
Short of engine replacement, it won't pay for itself. Save the money and pay as you go.
Keep in mind that most of these warranties have nuances to be aware of. For instance, on many of them an oil leak is not considered a covered repair until it's consistently dropping oil on the ground. If you have a drip that just hangs on a bolt or dampness around the pan....not covered. Items that break on the engine such as sensors may or may not be covered. They literally only cover the engine, not what gets bolted to it. This is not true of all warranties but it's certainly the fine print you'll want to read.
For $3400 you can pay for all the hubs, the sway bar end links, bushings, and general wear and tear and likely still have money left over....especially if you can do any of the work yourself.
Keep in mind that most of these warranties have nuances to be aware of. For instance, on many of them an oil leak is not considered a covered repair until it's consistently dropping oil on the ground. If you have a drip that just hangs on a bolt or dampness around the pan....not covered. Items that break on the engine such as sensors may or may not be covered. They literally only cover the engine, not what gets bolted to it. This is not true of all warranties but it's certainly the fine print you'll want to read.
For $3400 you can pay for all the hubs, the sway bar end links, bushings, and general wear and tear and likely still have money left over....especially if you can do any of the work yourself.
Burning Brakes
Joined: Nov 2022
Posts: 910
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From: MN
We’ve had GM extended warranties on our 3 previous Corvettes, made money on two and broke even on the other.
None of them had an engine replacement or other huge repair, just lots of small-medium dollar jobs.
Aftermarket warranties have more variation in cost-value relationship, shop wisely.
None of them had an engine replacement or other huge repair, just lots of small-medium dollar jobs.
Aftermarket warranties have more variation in cost-value relationship, shop wisely.
If you're taking your car to the dealer regardless of having a warranty, then that's a good comparison.
But if you're inclined to find less expensive ways to resolve the problem if you're out of warranty, then it's not a fair comparison.
For example, when my heater hose started to leak, the dealer wanted ~$800 to replace it. I did the work myself for $130. Thus, a warranty would have saved me $130, not $800.
Drifting
Joined: Jun 2019
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From: near philly
Short of engine replacement, it won't pay for itself. Save the money and pay as you go.
Keep in mind that most of these warranties have nuances to be aware of. For instance, on many of them an oil leak is not considered a covered repair until it's consistently dropping oil on the ground. If you have a drip that just hangs on a bolt or dampness around the pan....not covered. Items that break on the engine such as sensors may or may not be covered. They literally only cover the engine, not what gets bolted to it. This is not true of all warranties but it's certainly the fine print you'll want to read.
For $3400 you can pay for all the hubs, the sway bar end links, bushings, and general wear and tear and likely still have money left over....especially if you can do any of the work yourself.
Keep in mind that most of these warranties have nuances to be aware of. For instance, on many of them an oil leak is not considered a covered repair until it's consistently dropping oil on the ground. If you have a drip that just hangs on a bolt or dampness around the pan....not covered. Items that break on the engine such as sensors may or may not be covered. They literally only cover the engine, not what gets bolted to it. This is not true of all warranties but it's certainly the fine print you'll want to read.
For $3400 you can pay for all the hubs, the sway bar end links, bushings, and general wear and tear and likely still have money left over....especially if you can do any of the work yourself.
Nuances was a nice way to put it, I call those scams. They intentionally mislead you into thinking things are covered, but it's actually about 2% of the parts, the other 98% are not and those are what actually break.
Salesman drule while selling extended warranties for a reason.
Team Owner
Joined: Jul 2004
Posts: 28,357
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From: Hartford WI
^this right here
Nuances was a nice way to put it, I call those scams. They intentionally mislead you into thinking things are covered, but it's actually about 2% of the parts, the other 98% are not and those are what actually break.
Salesman drule while selling extended warranties for a reason.
Nuances was a nice way to put it, I call those scams. They intentionally mislead you into thinking things are covered, but it's actually about 2% of the parts, the other 98% are not and those are what actually break.
Salesman drule while selling extended warranties for a reason.
Sometimes it is the verbiage. I had a water leak in my sunroof. It could hort out stuff. Max are denied it. I appealed to them twice but no luck. I would be on the hook for water damage to my electronics since I didn’t fix it but it wasn't covered. I was SOL. They said they don’t cover water leaks and the damage it causes as clearly stated. They mentioned that had a gasket failed, it would be different. Hint. Hint.