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Multiple threads already that have beat this subject to death, and provided pretty much every argument possible.
There are many of us that are new to the corvette forum due to ordering and soon to take delivery of a new C8.....so we could use some help.
Previously I read on here that you can get an actual GM extended warranty but that it is only good for the initial buyer.
In addition it was mentioned that some dealerships don't want to sell them.
Well in preparation of taking delivery of my new 2021 red convertible corvette in about a month.....I stopped in at the dealer to inquire of the extended warranty.
The guy keep mentioning a warranty that I believe he said "Allied" and saying it is basically GM....when I said that I wanted the actual GM extended warranty he said that they don't offer that.
He told me that the pricing would be around $1,800 for the 3rd party warranty
Can someone give me some insights into the warranties GM vs the 3rd parties.
I would like t have one that would be transferable in about 4-4 1/2 years if I go to sell the car......I always can get better pricing if the vehicle has some warranty left on it for the new buyer....less risk
There are many of us that are new to the corvette forum due to ordering and soon to take delivery of a new C8.....so we could use some help.
Previously I read on here that you can get an actual GM extended warranty but that it is only good for the initial buyer.
In addition it was mentioned that some dealerships don't want to sell them.
Well in preparation of taking delivery of my new 2021 red convertible corvette in about a month.....I stopped in at the dealer to inquire of the extended warranty.
The guy keep mentioning a warranty that I believe he said "Allied" and saying it is basically GM....when I said that I wanted the actual GM extended warranty he said that they don't offer that.
He told me that the pricing would be around $1,800 for the 3rd party warranty
Can someone give me some insights into the warranties GM vs the 3rd parties.
I would like t have one that would be transferable in about 4-4 1/2 years if I go to sell the car......I always can get better pricing if the vehicle has some warranty left on it for the new buyer....less risk
The big advantage of going with the GM plan is that when something big needs to be replaced like a transmission, the GM plan will go with new (or GM Reman) parts. A third party warranty will sometimes try to find a used transmission with the same or fewer miles than you have and call it good. It's your call, but if it were me I would go with the advise above saying Call Dennis Fichtner at 406-698-6355 or send him an e-mail dfichtner@laurelchevy.com . He has sold a million of the GM Platinum warrantys.
From: Supporting the Corvette Community at Abel Chevrolet in Rio Vista, CA 707-374-6317 Ext.123
St. Jude Donor '08
If you want to send me your VIN and current mileage, I'd be happy to quote the warranty. I ran it using my 2021 HTC VIN and it would be more like $1,630 for a $0 deductible or $1,340 with a $100 deductible on the 72/48 GMEPP Platinum warranty.
If you're interested, send an email to the email listed in my signature with VIN, current mileage, approx length of time/miles you intend to drive and the price you paid for the car and I am happy to quote.
you might also consider the genuine GM extension to your bumper to bumper (B2B) warranty. it's 5 years, 60k miles. So it adds 2 years and 24k miles to the original warranty. I like it because GM actually modifies your B2B warranty. It's not any type of 3rd party, or "GM approved" warranty. It is your B2B warranty, just for a longer period of time. You do have to purchase it from your dealer when you purchase the car since they are changing the terms of your B2B warranty. My dealer is charging $1400 for this.
It's more than worth it to me. There are just too many unique (and expensive) parts on this car. I want the piece of mind that for 5 years if anything goes wrong with my car, GM will fix it, no questions asked, no deductibles, no finger pointing.
I have had 3 new Corvette since 2001 and only had one incident which was covered by regular warranty and none outside the warranty period. Is it any wonder that extended warranties are GM's highest profit margin area and also a dealership's highest profit margin business (I know I used to own a Honda, Nissan and Isuzu dealership).
Answer - no
Last edited by SMFCPACFP; May 28, 2021 at 01:40 AM.
Highest profit is the C8. It sells for msrp (+) with no negotiating available or asked...... aside from a lower volume, it's the best easiest money maker for a dealership. I'm sure that they wished all sales were like selling a Corvette. Customers are happy to make it a win-win for everyone.
Highest profit is the C8. It sells for msrp (+) with no negotiating available or asked...... aside from a lower volume, it's the best easiest money maker for a dealership. I'm sure that they wished all sales were like selling a Corvette. Customers are happy to make it a win-win for everyone.
I wouldn't disagree with you but profit margin is a different concept than profit.
That really wasn't the question here. I would almost never buy an extended warranty because the price is usually extraordinarily bloated. If you are really going to buy one, negotiate the price down. Also make sure you know what is excluded.
I've done my own analysis like @JerryU , Insurance is a risk-benefit game. Underwriters have no idea anymore about insurance risk. As is Hurricane Sandy and others were just 1 offs and Florida is the only state that has them so let's jack their premiums because they have no choice and we need to recover from bad decisions. They are so not professionals.
For the premiums they charge, I'll assume the risk being my personal underwriter. Premiums have ranged 2000-3000. You have to have $3K in non-warranty repairs just to break even. So if I were to incur $5K in post warranty repairs (highly unlikely), I'd only be out $2K. I'll take that risk and put the funds toward Gas driving my C8 more.
There are many of us that are new to the corvette forum due to ordering and soon to take delivery of a new C8.....so we could use some help.
Previously I read on here that you can get an actual GM extended warranty but that it is only good for the initial buyer.
In addition it was mentioned that some dealerships don't want to sell them.
Well in preparation of taking delivery of my new 2021 red convertible corvette in about a month.....I stopped in at the dealer to inquire of the extended warranty.
The guy keep mentioning a warranty that I believe he said "Allied" and saying it is basically GM....when I said that I wanted the actual GM extended warranty he said that they don't offer that.
He told me that the pricing would be around $1,800 for the 3rd party warranty
Can someone give me some insights into the warranties GM vs the 3rd parties.
I would like t have one that would be transferable in about 4-4 1/2 years if I go to sell the car......I always can get better pricing if the vehicle has some warranty left on it for the new buyer....less risk
And there are multiple threads that address all of your questions.
You can show the dealer the attachments about the 2 year B2B warranty extension. This is a GM option, so he has to be able to sell it, just as he can sell you any other option for your car.
Wanted to get your thoughts on the extended warranty for the ‘21 C8 convertible. Is getting the 6 year / 48k mile extended warranty worth the $2400?
That warranty is simultaneous with your existing warranty. So it gives you 3 years and 12k miles. It would be nice to have a 9 year 84k mile warranty but that isn't it.
Though everyone knows someone whose cousin saved a bunch having an extended warranty, the data show one would much more likely be money ahead sticking that cash in the bank and using it as need for repairs. Then, using the extra left over for a big party after what would have been the ending date of the extended warranty. Consider all the outfits selling extended warranties for today's cars... not because they think most will ever be needed. However, a relatively early production model of a new series Vette... maybe.