Well I never buy extended warranties, but I did for my 2014 C7. I am @ 3000, so I will buy one for the C8. I know this is a very negotiable item. I told the closer on my C7 I was going to
buy the GMPP, maybe not from him, but I will purchase one.I think I got it down 30% from his original price. Any advice would be greatly appreciated. I think I paid $ 2,000 for it in 2014.

 

Buy it when you are close to the manufacturer’s warranty expiring. Contact Dennis Fitchner or I believe Todd at MacMulkin to compare their prices. Both are well talked about on this forum.
If you buy now, you are paying for three years that are already covered.

 

Just do the same thing you did on your 14. Finance guy makes his money on extended warranties and is going to start the price at a nice make up for him. . Work him man, work him.

 

While buying it when the car results in the price being cheaper for the warranty, you are also using warranty time for items that are already covered by the factory warranty.

 

Yes, but the sellers on this forum offer prices that will be less three years from now then compared to other dealers selling them at time of purchase. Plus, by waiting, then you can purchase warranty that fits miles or years based on your first three years of driving. You are then not paying for more years or miles than needed when first purchased.

 

GMPP no longer exists. Ally had the rights to that name for a number of years after purchasing from GM, but that agreement expired a couple of years ago. The GM-sanctioned plan is now known as Chevrolet Protection Plan, and that's what Dennis Fichtner sells.

 

Did you ever use your extended warranty on your 2014? If you didn’t, why do you think you’ll need it for your C8?

(Didn’t purchase an extended warranty for my 2014 C7 Z51. She now has nearly 40K miles on her. Glad I didn’t buy one or else I’d be out $2,000. Ditto for my ‘92, ‘95, ‘02, ‘05 and ‘10. If I had purchased extended warranties for all those cars, I’d been in the hole for $12,000 !!!).

 

Replying so I can find this thread in 3yr/36000 miles when I need it.

http://www.laurelchevyprotectionplans.com/

 

I've owned well over a dozen new Corvettes and a number of Euro-Specialty cars and some exotics. Everything above in this thread is correct. The BIGGEST advantage of these plans is that they let you sleep very well at night. Ferrari, for example is around $5000 per year. That's awfully expensive for a car we don't drive much but then again, we sleep very well knowing that there will not be any surprise repairs.

The only Corvette we bought the extended warranty on was our '14 C7.... first year car so why take the chance..... and by the way, you're paying for the period AFTER the factory warranty expires. We'll be getting one from Ken F. for our HTC, hopefully in the next couple of months. And by the way, the only claim we had on the C7 was the touch screen in year 4.

ALWAYS shop the price. It's the highest markup product they sell! Also, NEVER buy a third party one. Stick with the manufacturers product. Good luck and sleep tight!

 

^^^^^^ This.

 

Take care of you stuff and be careful and save $2000.

 

Hello,

We are pleased to announce that our website is up and we are selling Protection Plans at a discount!

Save money at Laurel Chevrolet, Laurel MT!

No sales tax
No processing fees
Discounted prices on plans

Visit our website today: laurelchevyproectionplans.com

You can also reach Dennis Fichtner, Protection Plan Specialist:
dfichtner@laurelchevy.com
or text/call him at: 406-698-6355

You have grown to know and trust us for your Corvette sales, parts, and protection plan needs. Original founding member of the CorvetteForum!

Thanks for your business, past, present and future!

Ken Fichtner

 

Your first sentence above is not necessarily accurate. My experience has been that the price of purchasing 3 years near the end of warranty isn't necessarily cheaper than purchasing 6 years at delivery. Bigger discounts can often be negotiated at the beginning, such that you're not really paying for the period during which OEM warranty is in effect. Moreover, you can't predict future prices increases. You do have to aggressively negotiate price at the beginning and not accept the opening price quoted.

Your second sentence is a semi-valid reason for waiting. Even so, these warranties are pro-rata refundable if you sell a vehicle before the extended warranty expires.

 

The extended warranty does not start until the original warranty expires, either by time or mileage. You are not paying for any more or less warranty whether you purchase at delivery or at expiration of the original bumper to bumper. You should also remember you do have a powertrain warranty as well. The cost of the extended warranty is calculated taking into account the total factory warranty.

 

Can you sell these plans in Florida?
I thought the Chevy Plan is not valid in Florida?? (plus other states California, Maryland, Iowa)

 

No reason to pay $2k today when you don't have to pay it for 3 years unless you want to finance it with the car I guess. Plus, at least where I live, any add-ons are counted as part of the purchase price of the car. That means you have to pay sales tax on them (almost 10% here!!!). Your location may be different though. What Ken posted above says no sales tax so that is a savings right there. I don't buy anything at time of purchase for that reason but it may just be an issue with my state/county.

So, how much was that touch screen? Was it more or less than the extended warranty? Personally, I'd wait and buy it three years down the road when I know I'm going to keep the car past the warranty expiration. No matter what you think now, who really knows what'll happen over three years. They will tell you it is refundable or transferable also but I can tell you from experience that the selling dealer has to be involved in that process which can be a real painful experience. They have to do paperwork for the warranty company and aren't getting paid for it unless you are buying another car from them as part of the process so prepare to wait... and wait... and wait some more to get your check. Maybe Ken is different but that was my experience the one time I bought one and I'll never probably buy one again.

 

Sos I can find it this Fall.

 

I believe in waiting. When I wait I can purchase a 7 year plan with several different mileage selections. That means I can get a longer term of total coverage than if I purchase when I purchase the car. As for repairs, in the US the average number of repairs per year for all brands after the first three years is one repair per year. Yes, some have less but the average is one. Look at the best rated vehicles in the JD Power 3 year Dependability Study. None of them have an average of 0 repairs. The best average is 0.5 repairs which means half the brand's cars produced have had at least one problem in the third year.

Now lets look at the repairs themselves. What is the most expensive portion of the repair? Parts or Labor? If you think you can repair your car yourself that doesn't mean you get away without an exorbitant repair bill as the parts can cost an astounding amount of money. In some cases it only takes the replacement of one part to completely pay for the cost of the extended service plan. In other cases it may take 2 or 3 repairs before the parts cost alone paid off the amount I paid for a plan.

With my current car I purchased my 7 year plan in July of 2018. Since then I have had 3 repairs covered by the plan. One was the driver's side inflatable bolster system, the other was the clutch master cylinder and the last was the passenger side headlight which was the most expensive repair. To do the headlight myself would have cost me $1100 just to purchase the part. When I look at the other two repairs and the online cost of the parts involved the total parts cost was more than the cost of the plan. So now I basically have free service for the next 5 years. That also means if I decide to sell the car I can offer the purchaser a warranty as long as it isn't after 5 years from now.

Bill

 

I am able to sell in all 50 states, it was the old GMPP that had state restrictions.

 

I bought my 84 mo. extended warranty just as my factory 3 year warranty was about to expire.
Makes absolutely no sense to buy it when you buy a car that already has a 3 year warranty.
I paid $1,195 for mine from Todd at MacMulkin less than 2 years ago. He made it really simple. I saved quite a bit
compared to some dealers here on the forum. Be sure to compare pricing from at least 2 different sources.
It's the same coverage, so just go with the lowest price.
Plus, in most states, including mine, if you buy a warranty in state, you pay sales tax - out of state no tax.