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Extended Warranties

2868 messages, Last post on Nov 09, 2009 at 8:08 AM
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Edmunds article: Third-Party Extended Warranty Scams
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| tiresmokem, Checkout the "Warranty Gold Claims" thread for all the info. | |
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I got a "retail" quote from my dealer. $1650. Now if I go into the F&I guy and tell him I will buy today if he can show me his cost I need to be prepared to do just that. do you have any idea what ballpark the "cost" is off retail? Reason is, if his cost + 100 is still not going to be competitive with a 3rd party warranty then maybe I'll forget about the dealer. do you think that I should tell them that I got another quote on a warranty and if he can match it i will buy his? I got a couple, one from WG, which are significantly less than $1650. bruce
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| GOing by the dealer later to see my brother's new Grand Prix. Which warranty/mileage/term/deductible where you thinking of for the Camaro. | |
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| the 5 yr 75k (i think that's the one) and $100 ded. | |
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Anyone heard of this one - called Extended Auto Warranty Corp. insured by Capital Assurance? their warranty is nearly as good as the mfgr warranty, but with GM it will only "extend" my coverage to 5 years/75k, which is only 3 more years/30k more miles. Extended Warranty Corp has one that they say begins when the mfgrs warranty expires and goes for a full 5 years/100k miles which is 2 years longer and 25k longer than GM. I plan on keeping the car long, unless I get a really good job which I doubt I will in this job market. GM's so-called 5 year warranty is mis-represented because you are ONLY buying 2 years - the full car is covered until 36k for FREE no matter how many $1000's you pay for their warranty. bruce |
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you're also just buying what's past the basic warranty. Private "warranties" aren't "warranties" at all - they're insurance policies. Policies that have no legal liability to repair your car - at all. |
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I believe you are able to purchase a GMPP as long as the original, factory warranty is still in effect. If I recall correctly, that means that you can buy a 7yr/100K-mile warranty up to 36 months after your purchase or up to 35,999 miles driven. You aren't required to buy the GMPP when you first purchase the vehicle. That would make the first three years and 36,000 miles pointless. I'll go look for confirmation because warranty work isn't my department at work, but I'm pretty sure.
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