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Extended Warranties

2870 messages,  Last post on Nov 23, 2009 at 4:56 PM

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What is this discussion about? Car Warranties

Edmunds article: Third-Party Extended Warranty Scams


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#13 of 2870
Which Plan by montanafan
Jun 13, 2003 (7:48 am)
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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.
#15 of 2870
which plan by 98monte_ls
Jun 13, 2003 (7:51 am)
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the 5 yr 75k (i think that's the one) and $100 ded.
#17 of 2870
Extended Warranty Corp by 98monte_ls
Jun 14, 2003 (1:52 pm)
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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
#18 of 2870
And with the private company by zueslewis
Jun 14, 2003 (4:31 pm)
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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.
#20 of 2870
98monte_ls... by ffmcobalt
Jun 18, 2003 (1:24 pm)
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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.
#21 of 2870
What it does give you by zueslewis
Jun 18, 2003 (4:09 pm)
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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.
#22 of 2870
Buying up front by kcram HOST
Jun 19, 2003 (3:06 pm)
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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
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