Last post on Oct 18, 2011 at 5:13 PM
You are in the Chevrolet Impala
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Chevrolet Impala, Car Warranties, Sedan
#14 of 59 2006 Impala extended warranty /drat19
Jun 16, 2006 (3:54 am)
I am surprised with the number of car purchasers who buy an extended warranty on their cars when new. eg; When I purchased my 2001 Impala LS I passed on the GM extended warranty. The salesman did everything to get me to buy one. There was one price that was it. Just prior to the original warranty expiring I went into my dealership and they said I could negotiate in purchasing an extended warranty at that time at less $$ then the original price. Sounded like a good deal but again I passed on it. Within a month the Chevy dealership sent me a letter offering an extended warranty at an even much lower price then I was offered when the car was new. For the 2 1/2 years of ownership of my car the money I didn't spend on the extended warranty I invested and made a tidy profit.
If after a year or two you decide not to keeep your car or it gets totalled by another hurricane that extened warranty $ paid for upfront is lost. Wouldn't it make more sense to wait and decide when the original warranty is about to expire?
#15 of 59 Re: 2006 Impala extended warranty /drat19 [charts2]
Jun 16, 2006 (11:42 am)
My mother got a 7 year warranty from a company that wasnt GM, and from the dealer. He actually pushed this one over GMs. I was hesitant to tell my mother to get it but she will keep this car forever, so I figured for $1400 it would be a decent deal. I talked him down from $1900. Her favorite service station also accepts this warranty and said they have never had an issue with them.
Also, if she never needs to use the warranty, after 7 years she gets the entire $1400 back.
Peace of mind I guess. Its easier to pay off the $1400 over the life of the loan than for her to come up with a ton of money if something should ever happen.
#16 of 59 Re: 2006 Impala extended warranty /drat19 [charts2]
Jun 17, 2006 (5:49 am)
I agree with you completely. You can buy the extended warranty up until 3/36 but it starts when you first put the car in service, not when you buy the warranty unless things have changed so you lose three years, for instance, of a 6 year warranty. I think another factor is how dependable the car is. If you are having lots of problems in the first 36,000 miles, then perhaps the warranty is a good idea. Actually most American cars will be pretty dependable for the first 80-100k miles so I don't think that a warranty is really necessary but I've had it several times especially on my more expensive cars.
#17 of 59 Warranty
Jun 17, 2006 (6:10 am)
If at the beginning of a new car purchase you purchase a 6 year extended warranty on a three year 36000 mile bumper to bumper manufacturers warranty you still lose 3 years as you get three years 'free' with the purchase of the car. So buying an extended warranty near the end of the Manufactuers warranty is the same as buying it at the time of initial purchase.
#18 of 59 Re: Warranty [gened1]
Jun 17, 2006 (9:12 am)
That's true on a new car. If you buy a used GM vehicle (except a Certified Cadillac)from a GM dealer you can purchase a GM Protection Plan that covers you from the time you buy the vehicle, not from the time it went into service. I bought a really cheap 1998 Silhouette in 1999 with 50,000 miles on it (the owner went to Florida every month for some sort of medical treatment) and got a 3 year 36,000 protection plan on it which covered it to 86,000 miles. The intake manifold gasket went out at 70,000 so it was a good investment.
#19 of 59 Re: Warranty [gened1]
Jun 17, 2006 (12:24 pm)
They charge more for the warranty if you do it that way.
I got my mom a 7 year API Warranty for $1400. So basically its 4 yrs tacked on to Chevy's crappy warranty. With API she can go to her Firestone dealer and have the work done if she needs it. Closer by than the dealer, better hours, drive home service, AAA Station. I also considered the AAA Extended Warranty.
This is going to be her last car, she wants it to last, and she doesnt want any surprises down the road. She may or may not need it, but she knows after the 3 year GM warranty is up all she will ever have to pay for a major repair is the $100 deductible. The warranty also covers wear and tear, which some don't.
If she didnt get such a good deal on the car I wouldnt have had her get the warranty. She got the Impala LT1 for $20,100, minus my $3,000 GM Card Rebate which I gave her. So I figured what the heck, GM gave me an extra $1400 off towards the car.
#20 of 59 Re: Warranty [steve333]
Jun 17, 2006 (2:15 pm)
She got ..., minus my $3,000 GM Card Rebate which I gave her.
Is it possible to give GM card rebates to relatives? I thought that only an account owner can use them...
#21 of 59 Re: Warranty [yurakm]
Jun 18, 2006 (2:35 pm)
You can give it to a relative if they have the same address, which I have until this September. It was perfect timing since i can't afford a new car right now.
#22 of 59 Re: Warranty [steve333]
Jun 18, 2006 (3:01 pm)
Thank you very much for the information!
I thought about buying a car and selling it to a relative immediately, but with the double sale tax there is no point to do it.
#23 of 59 2006 Impala warranty
Jun 17, 2006 (10:57 am)
Purchased a 2001 Impala LS brand new. Basic 3 year 36,000 mile warranty like they all are. Salesman tried to sell me an extended 3 year warranty that would have taken me to 6 years or 72,000 miles. Showed me the price and I passed on it. He told me I could purchase this 3 year extended warranty anytime up to my base warranty expiring. A couple months prior to my base warranty expiring 34,000 miles I went back to the chevy dealership and now they were willing to negotiate the price of an extended 3 year GM warranty at less then what I was offered when the car was new 3 years before. I was surprised. I passed on it again. A week later I received a letter from the salesman with an offer even lower then that, if I purchased this 3 year GM extended warranty in the next 7 days.
I would think purchasing a 2006 Impala would also be the same today. If purchasing an extended warranty you can negotiate the price of it. Too often people pay the full amount.