03-07-2020, 04:55 PM | #1 |
TD
Drives: 2017 2SS, 2014 Mercedes C300 Join Date: Feb 2020
Location: Connecticut
Posts: 248
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Extended Warranty
Has anyone bought the extended warranty for their car? Whats the cost? Coverage? My 3 year bumper to bumper is expiring soon.
Last edited by Yellow Beast; 03-07-2020 at 05:33 PM. |
03-07-2020, 05:35 PM | #2 |
Drives: 2016 Camaro 2SS Join Date: Mar 2018
Location: Chandler, AZ
Posts: 207
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Keep in mind that extended warranties are not from the factory or dealer but 3rd party provider. Cost and coverage can be all over the map.
I've owned A LOT of cars in my life and only got an extended warranty once. That car got totaled after less than a year and I had a devil of a time getting a refund and they prorated it. Gave me some BS song and dance that it ran concurrently with the factory one. I would only recommend it if you are mechanically clueless or have a legitimate concern about the future of the car.
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03-07-2020, 07:03 PM | #3 |
TD
Drives: 2017 2SS, 2014 Mercedes C300 Join Date: Feb 2020
Location: Connecticut
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Thanks good advice!
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03-07-2020, 07:47 PM | #4 |
Drives: 2016 2SS M6 Mosaic Blk Met-SOLD Join Date: Jun 2016
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I received a 72 month, 75,000 mile GM extended warranty for my trouble when I had a full engine replacement under warranty. The retail value of that is about $2800. You can negotiate a lower price.
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03-09-2020, 12:30 AM | #5 |
Drives: 2017 ZL1 - Hyper Blue Join Date: Mar 2015
Location: US
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If you want the GM extended warranty, you'll want to make sure it's a GMEPP (protection plan). This plan goes into the GM system and can be accessed by the dealer using your VIN. Your dealer can give you prices or you can shop around. I bought mine from a dealer in Michigan. They offered a way better price than my local dealer.
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03-09-2020, 07:33 AM | #6 |
TD
Drives: 2017 2SS, 2014 Mercedes C300 Join Date: Feb 2020
Location: Connecticut
Posts: 248
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How many miles and years did you extend to? What was the cost? Do you have a phone number for that dealer?
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03-09-2020, 11:23 AM | #7 |
Drives: 2017 Camaro SS Fifty Join Date: Oct 2016
Location: Port St Lucie, Florida
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Dennis Fitchner at Minholt Chevrolet sells GMEPP at a very reduced cost. Mine cost me $1400 6/72 with $0 deductible but that was back in 2017.
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03-09-2020, 04:23 PM | #8 |
TD
Drives: 2017 2SS, 2014 Mercedes C300 Join Date: Feb 2020
Location: Connecticut
Posts: 248
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Bump. All good information
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03-10-2020, 04:06 AM | #9 | |
Drives: 2017 ZL1 - Hyper Blue Join Date: Mar 2015
Location: US
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Quote:
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03-10-2020, 04:32 AM | #10 | |
TD
Drives: 2017 2SS, 2014 Mercedes C300 Join Date: Feb 2020
Location: Connecticut
Posts: 248
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Quote:
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03-10-2020, 09:05 AM | #11 |
Drives: 18 1SS 1LE HyperBlue Join Date: Aug 2018
Location: Twin Cities, MN
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Well the advice I can give you is not to. I dont think they are a waste of money, but the gamble you run by not getting one is will you incur a expense that is equal or greater to the amount you pay for the warranty.
When I was younger and buying my first new vehicle I came to this point in the process where the dealer was asking me about a warranty (this was 25 years ago). I was fortunate enough that my brother in law was / is the owner of the dealership, so he was sitting with me when they asked. So I asked him what to do - and this is the way he worded it "all you are doing is pre-paying for a repair you might have. If you sit on the money, and get to the mileage that the warranty was written for, and you didn't use it, you are farther ahead. If you buy the warranty now, you might never use it and will be out the money. You only win with it if you have MORE problems with the car than what you initially paid for the extended warranty" I have never bought any kind of extended warranty since - and have never needed one. IMO cars with issues will show those issues by the time the factory warranty is up. These things rarely pan out, and it seems to me that those I know who have bought one then tried to use it end up having to arm wrestle the warranty companies that are trying to wiggle out of not paying. If you sit on your money, you can at least spend it at your discretion.
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03-10-2020, 12:27 PM | #12 |
Drives: 2016 camaro 2ss vert Join Date: Sep 2016
Location: ohio
Posts: 44
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Make sure you get it before your factory bumper to bumper is up! You will even get some gm reward points.
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03-10-2020, 01:30 PM | #13 |
Drives: 2016 SS 2SS Join Date: Dec 2016
Location: Greensboro NC
Posts: 268
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I'm with the "save that money" crowd . Never been a fan of extended warrantees.. especially 3rd party. the mouseprint in the contract usually has a ton of exclusions and just like insurance companies they always try to find a way out of paying.
Not sure of the GM plan or if they even offer an extended "bumper to bumper" but i imagine the stuff that might actually cause future issues (electronics and wiring) will not be covered |
03-10-2020, 02:45 PM | #14 | |
Drives: 2023 2SS, 2018 1SS 1LE, 1993 Z/28 Join Date: Jun 2018
Location: Midwest
Posts: 819
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Quote:
Both warranties were around $800, which is small money if you need to replace anything connected to a computer in your car. (Even the HVAC control unit for a C6 is $1200...) If you plan on keeping a car a long time, consider the large one-time cost for the extended warranty now against the big bill you'll be avoiding in several years; otherwise, I'd say forget it. BTW, Fichtner is the best - less than half what the local dealer wanted. |
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