Extended warranty?

M4dne55 · 01-27-2016, 09:18 AM

Just want to get some opinions on extended warranties and if they really are worth it?

Dealer gave me a day to think about it. I was going to go for it but seemed like I might be wasting money. Even though it doesn't seem like a lot split up into monthly payments but I feel like I would never use it...so why pay for it...

Also it's capped at 100k miles. 72months.

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andrec10 · 01-27-2016, 09:23 AM

Quote:

Originally Posted by M4dne55

Just want to get some opinions on extended warranties and if they really are worth it?

Dealer gave me a day to think about it. I was going to go for it but seemed like I might be wasting money. Even though it doesn't seem like a lot split up into monthly payments but I feel like I would never use it...so why pay for it...

Also it's capped at 100k miles. 72months.

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How much and Deductible? Does not take much anymore to make the extended warranty worth it.

M4dne55 · 01-27-2016, 09:32 AM

It's about $2700 with $100 deductible

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stars_fan · 01-27-2016, 09:57 AM

Those plans are huge money makers for dealers. I would go back and offer him 1350 for that warranty and negotiate from there.

SuperSound · 01-27-2016, 10:01 AM

I negotiated a wheel and tire warranty down from a number like that to $1200. Still wasn't worth it in the end to me, but it shows you how much profit these things make for dealers.

Jamison · 01-27-2016, 10:05 AM

Do you guys have any thoughts on Tire/Road Hazard protection?

DMC75 · 01-27-2016, 10:08 AM

May also consider how the car is going to be used... If its a daily driver, the warranty is more valuable to you. But i agree, if you are thinking of buying it, start negotiating way lower than 2700.

I am definitely not going to buy any extended warranty on mine because it will not be a daily driver, and in 3 years, when the MFG warranty is up, i will either be trading up to a ZL1, (or if the stars align a Z06) or modding it to the point where the warranty would be voided.

M4dne55 · 01-27-2016, 10:11 AM

Quote:

Originally Posted by Jamison

Do you guys have any thoughts on Tire/Road Hazard protection?

I was more interested in the tires and wheel protection.

Also they are starting the warranty today, so basically would be running concurrent to the factory for 3 years and then I would have extra 3 years after that. The tires wheels protection makes more sense as it start the moment I drive off the lot.

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vet757 · 01-27-2016, 10:13 AM

Ive had extended warranty on two cars and I never used it. Seems like Camaros are very reliable cars (never owned one) so Ill be skipping the extended warranty.

M4dne55 · 01-27-2016, 10:13 AM

Quote:

Originally Posted by DMC75

May also consider how the car is going to be used... If its a daily driver, the warranty is more valuable to you. But i agree, if you are thinking of buying it, start negotiating way lower than 2700.

I am definitely not going to buy any extended warranty on mine because it will not be a daily driver, and in 3 years, when the MFG warranty is up, i will either be trading up to a ZL1, (or if the stars align a Z06) or modding it to the point where the warranty would be voided.

Thanks for your input. It will be a daily driver for atleast couple years before I can buy a beater.

I do plan on keeping the car for a lot longer. So maybe I should, but I definitely have to talk to them on the price and have it start after 3 years. Instead of today.

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R3DLT1 · 01-27-2016, 10:22 AM

Too soon to say if you will ever need it.

Ragnar · 01-27-2016, 10:31 AM

Quote:

Originally Posted by M4dne55

I was more interested in the tires and wheel protection.

Also they are starting the warranty today, so basically would be running concurrent to the factory for 3 years and then I would have extra 3 years after that. The tires wheels protection makes more sense as it start the moment I drive off the lot.

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I've had use that twice so far. Once because of curb rash and once to replace a brand new tire because of a nail. Around $800 was charged to the warranty company.

DenverTaco07 · 01-27-2016, 10:31 AM

"he gave you a day to think about it"...

LOL, you can buy extended warranty a year from now...maybe 2, maybe 3.

Personally, if you are interested, shop around, some dealers offer them much cheaper, and you can maybe even buy online from a dealer if they offer. Shoot, If i were you, i'd call Becky Doyle at Rogers Chevy and see if she sells them and for what price.

Techn9cian805 · 01-27-2016, 10:42 AM

I would advice you stay away from paying for the extended warranty, and instead, create a savings account for your car in the unlikely event it does break down after the initial warranty expires. I regret getting the extended warranty since the 5th gen has proven to be too reliable to justify buying an extended warranty.

However, this is a new model year with major changes, so who knows what problems may arise in the future if any. I'm gonna take a leap of faith here and trust GM to not deliver me a lemon, and skip on the extended warranty, and instead just set some money aside for repairs.

if we're lucky with this generation as well, all that saved money can instead go into more mods

or groceries and wife's clothes

01-27-2016, 09:18 AM	#1
M4dne55 Drives: 16' Camaro 2SS Join Date: Nov 2015 Location: Rockville, MD Posts: 108	Extended warranty? Just want to get some opinions on extended warranties and if they really are worth it? Dealer gave me a day to think about it. I was going to go for it but seemed like I might be wasting money. Even though it doesn't seem like a lot split up into monthly payments but I feel like I would never use it...so why pay for it... Also it's capped at 100k miles. 72months. Sent from my iPhone using Tapatalk __________________ 2016 Camaro 2SS\Jet Black\6MT\NPP\MRC

01-27-2016, 09:32 AM	#3
M4dne55 Drives: 16' Camaro 2SS Join Date: Nov 2015 Location: Rockville, MD Posts: 108	It's about $2700 with $100 deductible Sent from my iPhone using Tapatalk __________________ 2016 Camaro 2SS\Jet Black\6MT\NPP\MRC

01-27-2016, 10:01 AM	#5
SuperSound Drives: '17 Camaro 2SS A8 Join Date: Jan 2015 Location: Eastern NC Posts: 5,063 View My Garage	I negotiated a wheel and tire warranty down from a number like that to $1200. Still wasn't worth it in the end to me, but it shows you how much profit these things make for dealers. __________________ Current: '17 2SS Hyper Blue, A8, MRC, NPP Past: '99 SS Camaro A4, '73 Camaro 383 A3 "Voices in your head are not considered insider information." 3800 Status - 6/16/16 (Built!) 6000 status - 6/29/16 (Delivered!)

01-27-2016, 10:05 AM	#6
Jamison Drives: 2016 Camaro 2SS Join Date: Nov 2015 Location: Alexandria Posts: 63	Do you guys have any thoughts on Tire/Road Hazard protection? __________________ ______________ 2SS, Black, Adrenaline Red, A8, NPP, MRC, Nav, 5 Split Spoke Grey Machined (for summer). LPOs: Black Bowties, 5 Split Spoke Low Gloss Black (with DWS-06's for winter), Black SS Wheel Caps, 6 Piston Brakes, Wheel Locks, Premium Floor Mats with Red Binding, Red Outdoor Car Cover. ______________

01-27-2016, 10:31 AM	#13
DenverTaco07 Drives: 2017 SS 1LE, 2017 Volt, 2013 Pilot Join Date: May 2014 Location: Colorado Posts: 4,274	"he gave you a day to think about it"... LOL, you can buy extended warranty a year from now...maybe 2, maybe 3. Personally, if you are interested, shop around, some dealers offer them much cheaper, and you can maybe even buy online from a dealer if they offer. Shoot, If i were you, i'd call Becky Doyle at Rogers Chevy and see if she sells them and for what price. __________________ 2017 SS 1LE \| HBM \| Vortech V3-Si supercharger (620RWHP and 575ft lbs) \| PDR \| Black Bowties \| Illuminated Front Black Bowtie \| Illuminated Door Sills \| Smoked Tails \| vented seats mod

01-27-2016, 09:57 AM	#4
stars_fan Nerd Drives: 2016 Hyper Blue 2SS Join Date: Oct 2015 Location: DFW Posts: 197	Those plans are huge money makers for dealers. I would go back and offer him 1350 for that warranty and negotiate from there.

01-27-2016, 10:08 AM	#7
DMC75 Drives: 2016 Black M6 2SS NPP, MRC Join Date: Nov 2015 Location: NJ Posts: 95	May also consider how the car is going to be used... If its a daily driver, the warranty is more valuable to you. But i agree, if you are thinking of buying it, start negotiating way lower than 2700. I am definitely not going to buy any extended warranty on mine because it will not be a daily driver, and in 3 years, when the MFG warranty is up, i will either be trading up to a ZL1, (or if the stars align a Z06) or modding it to the point where the warranty would be voided.

01-27-2016, 10:13 AM	#9
vet757 Drives: ^^^This Join Date: Nov 2015 Location: Virginia Beach, VA Posts: 747	Ive had extended warranty on two cars and I never used it. Seems like Camaros are very reliable cars (never owned one) so Ill be skipping the extended warranty.

01-27-2016, 10:22 AM	#11
R3DLT1 Toyota Tech Drives: 2SS A8 Join Date: Jul 2014 Location: Bartlesville, OK Posts: 465	Too soon to say if you will ever need it.

01-27-2016, 10:42 AM	#14
Techn9cian805 The BEAST Drives: '16 2SS, '89 Wife Join Date: May 2015 Location: Central Coast, CA Posts: 2,034 View My Garage	I would advice you stay away from paying for the extended warranty, and instead, create a savings account for your car in the unlikely event it does break down after the initial warranty expires. I regret getting the extended warranty since the 5th gen has proven to be too reliable to justify buying an extended warranty. However, this is a new model year with major changes, so who knows what problems may arise in the future if any. I'm gonna take a leap of faith here and trust GM to not deliver me a lemon, and skip on the extended warranty, and instead just set some money aside for repairs. if we're lucky with this generation as well, all that saved money can instead go into more mods or groceries and wife's clothes Last edited by Techn9cian805; 01-27-2016 at 10:57 AM.

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