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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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http://blogs.edmunds.com/strategies/2009/10/mini-extended-service-contracts-now-- available-through-mini.html My daughter has a MINI - currently at about 38,000 miles. |
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Hi everyone, I'm helping my parents purchase a new truck. They want to purchase an extended warranty (they are in their 70s and value the peace of mind it provides). I've pretty much narrowed it down to Warranty Direct or GM. Here are my questions: 1. Are there any other companies I should consider? 2. Any advice about Warranty Direct? The quote I have for them for the Elite Plus plan is $959 for 6 yrs/100k. Is that price negotiable? 3. What is a fair price for a GM warranty? They will probably want the 7 year/84k version. I've read that the markup is about 100%. So my plan would be to cut the price offered in half and be willing to accept a 10-20% markup. Any other advice is appreciated as well. Thanks in advance!
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Replying to: ejones (Oct 22, 2009 4:46 pm)
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Replying to: carnetguy (Oct 22, 2009 4:56 pm) |
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Replying to: carnetguy (Oct 22, 2009 4:56 pm) For a 2009 Silverado, it is $1280 for the "Major Guard" (most comprehensive of the three options) plan, which includes 7yr/84k of coverage and a $100 deductible. List price for this plan is $1755. Also, no sales tax if you live outside the state of PA.
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Replying to: ejones (Oct 22, 2009 10:17 pm) Using the gmoutlet.com quote of $1230 ($1280 - $50 discount through 10/31/09), I got the same coverage through the dealer (84mo./84k; $100 deductible; Major Guard plan) for $1180. |
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Replying to: carnetguy (Oct 01, 2009 9:08 am)
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