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Extended Warranties

2870 messages, Last post on Nov 23, 2009 at 4:56 PM
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Edmunds article: Third-Party Extended Warranty Scams
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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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is a cheaper price (negotiated with the dealer at your best price vs buying from GM on a menu (retail) price) and rental car coverage through the basic warranty.
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It also allows you to finance the contract into your car loan if you don't have the cash or credit card space available. Pre-Daimler, Chrysler Financial would discount financing rates if you also bought a Chrysler service contract up front and added it in with the loan. Saved me 2 full points in 1996, don't know if CFC still does it now. kcram Host Smart Shopper and FWI Message Boards |
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