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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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#2841 of 2870
this just in... by rayainsw
Oct 16, 2009 (4:08 am)
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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.
#2842 of 2870
Extended Warranty for a 2009 Chevy Silverado LT (2wd Crew Cab) by ejones
Oct 22, 2009 (4:46 pm)
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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!
#2843 of 2870
Re: Extended Warranty for a 2009 Chevy Silverado LT (2wd Crew Cab) [ejones] by carnetguy
Oct 22, 2009 (4:56 pm)
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Replying to: ejones (Oct 22, 2009 4:46 pm)

I'd take a look at www.gmoutlet.com or www.5starwarranty.net - these sites sell discounted GM and Wachovia service contracts. A lot of people in these forums have had success with them.
#2844 of 2870
Re: Extended Warranty for a 2009 Chevy Silverado LT (2wd Crew Cab) [carnetguy] by ejones
Oct 22, 2009 (8:52 pm)
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Replying to: carnetguy (Oct 22, 2009 4:56 pm)

Carnetguy - Thanks for the advice. I'll gonna check out those sites right now.
#2845 of 2870
Re: Extended Warranty for a 2009 Chevy Silverado LT (2wd Crew Cab) [carnetguy] by ejones
Oct 22, 2009 (10:17 pm)
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Replying to: carnetguy (Oct 22, 2009 4:56 pm)

www.gmoutlet.com is an excellent resource. Getting an online quote is kind of a convoluted process, but it's worth the effort.
 
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.
#2846 of 2870
Re: Extended Warranty for a 2009 Chevy Silverado LT (2wd Crew Cab) [ejones] by ejones
Oct 26, 2009 (7:52 am)
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Replying to: ejones (Oct 22, 2009 10:17 pm)

Final Update:
 
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.
#2849 of 2870
Re: Mastertech Extended Warranty [carnetguy] by lacarguy1
Oct 27, 2009 (8:40 pm)
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Replying to: carnetguy (Oct 01, 2009 9:08 am)

The other big company is Assurant which you left off your list. Wachovia was formerly GE which was Old heritage insurance company. CNA is having financial difficulties, so I would not buy that.

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