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Sedans Chevrolet Malibu 2008 Extended Warranty
14 messages, Last post on Sep 14, 2009 at 3:07 AM
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Does buying an extended warranty make economic sense considering the purported quality improvement in the 2008 Malibu? We just received an "invitation" to purchase a GM Protection plan that would extend the basic manufacturers' warranty. Here are the details of the two plans they offered although other terms are available online at http://www.gmpponline.com Plan A 5 Years/100,000 miles: $1,390 with $200 deductible $1,550 with $100 deductible $1,730 with $0 deductible Plan B 5 Years/75,000 miles $990 with $200 deductible $1,140 with $100 deductible $1,350 with $0 deductible To scare you into buying these plans they show the representative costs for typical repairs: Air conditioning compressor................$1,198 Sunroof module /assembly..................$1,214 Fuel tank..............................................$1,044 Steering column assembly...................$ 927 Radiator...............................................$ 840 Since we intend to drive the car for at least 7 years there is a strong argument for purchasing the warranty. What do you boardies think. Should we buy the GM warranty or should we pass at this time? |
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Replying to: bwia (Jun 12, 2008 3:52 am) with the current warranty on the drive train......the rest of the mechanics is what you are betting will fail..the other consideration is how long do you intend to keep the car and how much you drive mileage wise
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Replying to: pao (Jun 12, 2008 6:48 am) Most everyone agrees that the 2008 Malibu's quality is significantly better than the prior model(s) but the compressor in our new Malibu failed upon first use. The dealership said the unit was defective and replaced it under warranty. Therefore, this experience leaves me less confident and more likely to buy the warranty even though I know it is not likely to payoff economically. I read somewhere online that for every $1,000 spent to purchase a warranty only $250 is recovered in claims. That's a high price to pay for peace of mind though....which reminds me of the old Fram TV commercial, pay me now or pay me later.
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Replying to: bwia (Jun 13, 2008 5:14 am) This link takes you to the Black Pontiac Cadillac extended warranty page. They will sell GMPP warranties at substantial discounts. I got this from post #2218 in the Extended Warranties thread on the Smart Shopper board. It's easy to follow; 08 Malibu is a Class B; go to Class B Table and choose what works for you. When I went through finance, the guy tried to sell me a non-GM extended warranty for $1700. After I had a great laugh, he then quoted me the GMPP extended warranty (72 months, 60,000 miles) for $1270. That's when I pulled out the full print out from the Black Pontiac site, and said this discounted price is the price I'm willing to pay, or I'll just get it through them. He agreed to match it. So, I ended up with an extended the warranty on my 08 Malibu to 6 years, 60K miles, NO deductible for $835 through my selling dealer. I think you can contact Black Pontiac directly and add the extended warranty after the sale depending upon how old a vehicle is and what the mileage is. Definitely worth looking at. Hope this helps you--using the Edmunds automotive forums saved me $435! |
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Replying to: bwia (Jun 12, 2008 3:52 am) I just fill out the form, printed it out and mail it to Blacks with a check. They usually give you another $50 dollars off of the discounted price at the bottom of the form. They charge a processing fee if you pay by credit card. The other thing dealers try to tell you is that you have to purchase right away or else the price is more. You can purchase a GMPP plan any time during the 3 yr/36k mi basic warranty. The price does go up after 12 mo/12k miles. Then after 12 mo, the price increases again at 24k. Also, the clock starts ticking on the GMPP on the date and mileage you purchase it. So to get the best value, it pays to wait until just before 12 mo or 12k miles to purchase it at the new car prices. You basically then get an extra year/12k miles of coverage for the same price , which you would not get if you purchase it at the same time you purchased the vehicle. When you fill out the form for Blacks you just tell them your current months and miles since new. They use honor system and don't check what you put on the form. Blacks usually sets their prices once a year in October. So if you purchase from them after October, the price may be higher. Another thing to consider when timing your purchase. For the two plans your dealer quoted, the Black's price from their cost sheet is For 5/100/$0, $1155, a savings of $575. For 5/75/$0, $825, a savings of $525. You save another $50 if they give that discount on the form. Good Luck with your car, no matter what you decide to do regarding a GMPP. I have an 06 Malibu Maxx.
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Replying to: sgr5516 (Jun 16, 2008 6:08 pm)
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| we too purchased an extended plan for out 06 Pontiac Solstice.....best prices around from Blacks...easy to deal with....all over the phone... and received the documentationw within a few days.... | |
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I spoke with a GMPP representative last Thursday and he was convinced that the reason Black's warranty price is so low is because it not the real GMPP. What gives! Can anybody confirm that? And when it comes to filing a claim has Blacks honored the warranty without hassles?
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Replying to: bwia (Jul 06, 2008 10:20 am)
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Replying to: pao (Jul 06, 2008 5:46 pm) After I got my warranty from Black's, I did two things: 1. I tried to figure out, using GMPP's online site, if that was the true GMPP plan. Sadly, I came to the conclusion that it was likelier a "non-true" GMPP plan, whatever that meant. The card and brochure artfully mimic the genuine plan's docs -- but they are not identical to the genuine ones (I don't remember how.) 2. I showed the card and brochure to my dealer and he said it was "the plan" -- but it was not that car's service visit, so they really didn't look into it in earnest. So, I don't know: I hope Black sold me what I thought was the GMPP plan, but I am not sure. I'd love to hear from somebody who did try to use a Black-purchased plan for a real repair. Anybody?
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