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-   -   Anyone plan on buying the extended warranty? (http://www.camaro5.com/forums/showthread.php?t=10132)

paulv7260 11-30-2008 06:13 PM

Anyone plan on buying the extended warranty?
 
I know for 2009 the bumper-to-bumper warranty is 36/36. Assuming it will remain the same for 2010 models is there interest in buying the extended warranty? Pros/cons?

Thanks

Paul

MerlinZero 11-30-2008 06:14 PM

wait..... I thought all GM warranties were 5yr/100,000 now?

jimbo57 11-30-2008 06:21 PM

i blow hot and cold on these things. first, it HAS to be GMAC, not an outside co. a GMAC plan should run about a grand. it's a totally new vehicle. hopefully, it won't have it's gremlins.this car i plan on keeping 5 years or more. i might opt for it.

jimbo57 11-30-2008 06:22 PM

i believe the drivetrain is 5/100,000.

paulv7260 11-30-2008 06:23 PM

Quote:

Originally Posted by MerlinZero (Post 204805)
wait..... I thought all GM warranties were 5yr/100,000 now?


http://www.chevrolet.com/warranty/

says bumper-to-bumper is 36/36 but 5/100 on powertrain/drivetrain.

teamlynn1 11-30-2008 06:34 PM

The comprehensive (bumper to bumper) is 3/36 the powertrain is 5/100. I think as a consumer that it is always a good idea to purchase an extended warranty if you plan on keeping your car past the 3/36. if I were to lease the car and was not keeping it longer I would pass. My dealership offers discounted warranties on ALL GM products through this website http://chevyfactorywarranty.com/ feel free to check it our if you like. Tell them there boss Bobby sent you and you can get an even sweeter deal! :)

Legend 11-30-2008 06:41 PM

I'll end up modding the car so an extended warranty would be a waste for me.

SSOOCH 11-30-2008 11:56 PM

When I bought my wife's 2008 HHR SS this past March I went over this same decision with the dealer.

Most extended warranties only cover major power train, which the 5/100,000 mile warranty you get from Chevrolet already covers. I didn't get it on the HHR, I won't get an extended on the Camaro.

ZYAL8R 12-01-2008 12:23 AM

The info. on the 3/36 and the 5/100 powertrain is correct. As to whether it's worth it to buy an extended warranty, I know everyone will have their own opinion, but if it's any help, since 2003 we have bought 3 GMC trucks and 2 Yukons. Four of which we still own. Even up to the 100,000 mile mark, we haven't had any problems that might require the extra warranty. We have never bought the extended warranty and don't plan to in the future.

GM already makes a QUALITY products and the Camaro should be too. I feel like it's just a total waste of money. And given the fact that once you start to sign the papers on any new GM car/truck, the finance manager really starts "pouring it on" about the ext.warranty, it sends out a big red flag that this is a big money maker for the dealer.

Of course there's always a chance that "something might happen" with a first run production car but I am willing to spend that same money instead on more goodies for my new CAMARO.:thumbsup:

OUR72GTO 12-01-2008 01:59 AM

Remember ....you CAN buy the extended warranty at 35,999. So wait and see if you keep the car and if it has given you cause to think you need it. Buy it THEN and they don't have your money for 35 months. It does not kick in till the other warranty has lapsed so IMO not a good idea to buy it.;)

stovt001 12-01-2008 02:15 AM

I got an extended warranty thrown on my Cobalt for free. If it is something you want, try to negotiate with it. Remember, pretty much everything but government fees and taxes are negotiable.

TAG UR IT 12-01-2008 02:28 AM

I'll get it.

I have the extended warranty for my current 02 SS which is actually transferable to the person that buys it from me when I sell it next year. Only costs $100 to transfer it. But, I've used it to replace the transmission and two window motors. Cost? $1,200 for the warranty. Cost for the tranny and window motors? about $4,000. Was it worth it? Do the math!

Yeah....I'll buy one.

teamlynn1 12-01-2008 03:39 PM

Excellent post Tag.:readthethread:


I have a service department and 16% of all the work done in there is warranty pay. We are booked everyday of the week serviceing customers so in short YES Chevrolet makes a great product but they are machines and machines can and will break. Its kind of like life insurance hopefully you wont need it but if you do and dont have it your family is screwed. Many people cant cme up with 3-6 thousand dollars to repair some of these sophisticated vehciles and its much easier to make a small monthly payment to have peace of mind. Theres always a ying and yang some will never need it and others will use it more than once its all about peace of mind for me. :chevy::chevy:




Quote:

Originally Posted by TAG UR IT (Post 205195)
I'll get it.

I have the extended warranty for my current 02 SS which is actually transferable to the person that buys it from me when I sell it next year. Only costs $100 to transfer it. But, I've used it to replace the transmission and two window motors. Cost? $1,200 for the warranty. Cost for the tranny and window motors? about $4,000. Was it worth it? Do the math!

Yeah....I'll buy one.


teamlynn1 12-01-2008 03:43 PM

We wont have the pricing info just yet on these 2010 Camaro's but as soon as I get it I will post it in here for you guys. I know we do wholesale warranties through the website I listed below.



Quote:

Originally Posted by paulv7260 (Post 204804)
I know for 2009 the bumper-to-bumper warranty is 36/36. Assuming it will remain the same for 2010 models is there interest in buying the extended warranty? Pros/cons?

Thanks

Paul


LnLSS 12-01-2008 05:45 PM

I always purchase extended warrenties on my cars especially the tire protection and in addition I also purchase or negotiate service contracts into the price. So far I have only had to replace 2 tires and tail light assembly but those type of things add up.

upheval 12-01-2008 07:08 PM

I could not agree more with Tag. 2 window motors and the computer for the tracktion control went out making my abs useless on my 2002 SS. I got it also for the Vette, too many gizmos that could go out on that thing even though I have had the car for a year and a half now and only have 7k miles on it. Its a bit more costly to repair then the Camaro was.

Chewy 12-01-2008 07:47 PM

for those talking about modding your cars, i'm sure theres a LOT of things that won't be affect by it and would be covered by the warranty still. like Tags window motors, or any module (unless you reflash it) or your brake system, or suspension and on and on.

i plan on adding a few modifications, but you'd have to change a TON of stuff to eliminate your entire warranty

camarolt76 12-01-2008 09:10 PM

Quote:

Originally Posted by TAG UR IT (Post 205195)
I'll get it.

I have the extended warranty for my current 02 SS which is actually transferable to the person that buys it from me when I sell it next year. Only costs $100 to transfer it. But, I've used it to replace the transmission and two window motors. Cost? $1,200 for the warranty. Cost for the tranny and window motors? about $4,000. Was it worth it? Do the math!

Yeah....I'll buy one.

The first thing I would like to point out is that GM did not offer the 5/100,000 mile power train warranty on 2002 cars. If they had then I would assume your transmission would have been covered by the factory warranty.

The second point I wanted to make is that I have the extended warranty on my wife's 2005 Monte Carlo. Recently we discovered that the car had a water leak in the passanger's side floor board. It also had a dash which was curling up in the front. Neither issue was covered by the extended warranty. I can possibly look the other way on the dash (however I still think that is completely unacceptable for a car 3-1/2 years old). However I could not believe that a water leak was not covered by the extended warranty! I will not be wasting my money this time.:chevy:

VICTORY RED 1SS 12-01-2008 09:34 PM

Warranty beyond what comes with the car is just a waste of time.
It is a big moneymaker for the dealer though..

teamlynn1 12-01-2008 11:37 PM

one mans opinion is another mans nightmare ya know. The warranty profits are in the hundreds of dollars not thousands so they are really just a small portion of a dealers profits. We make more on fianance reserve than anything else sold in the back end (finance department) FYI. I just love it when someone comments sans the facts it always amusing to say th least.:drinking:

The main point of this thread is if you plan to keep your vehicle past the comprehensive warranty 3/36 its probably a good idea to have an extended warranty purchased at a fair price. There will always be folks who debate this issue but to anyone who has ever used it its a no brainer. If you could extend your comprehensive coverage on a 2010 Camaro for about $1300 and make it run to 5/100 like the powertrain I say thats a good deal for any consumer. $1300 over a 72 month loan is about 20 per month to have peace of mind. Again a no brainer for me but others will argue that there peace of mind isnt worth $20 or that there issue wasnt covered etc. To each its own I say.




Quote:

Originally Posted by VICTORY RED 1SS (Post 205872)
Warranty beyond what comes with the car is just a waste of time.
It is a big moneymaker for the dealer though..


CWI 12-02-2008 12:07 AM

One more thing to consider is the fact that if you buy a 100K extended waranty, and you sell the car say at 40K, you can get a refund prorated for the unused portion. I don't know if alll extended waranties work the same, but I have taken the refund a couple times. You can also cancel at any time while you still have the vehicle. Most dealers don't tell you this up front but read the fine print.

teamlynn1 12-02-2008 11:54 AM

Good point and yes it is true if you get rid of your vehcile prior to the warranty expiring you do get a prorated refund back. Many of our customers use this as part of there down payment on there next vehciles purchase!:word:

Quote:

Originally Posted by CWIweldace (Post 206027)
One more thing to consider is the fact that if you buy a 100K extended waranty, and you sell the car say at 40K, you can get a refund prorated for the unused portion. I don't know if alll extended waranties work the same, but I have taken the refund a couple times. You can also cancel at any time while you still have the vehicle. Most dealers don't tell you this up front but read the fine print.


ZYAL8R 12-03-2008 12:02 AM

Quote:

Originally Posted by teamlynn1 (Post 206008)
one mans opinion is another mans nightmare ya know. The warranty profits are in the hundreds of dollars not thousands so they are really just a small portion of a dealers profits. We make more on fianance reserve than anything else sold in the back end (finance department) FYI. I just love it when someone comments sans the facts it always amusing to say th least.:drinking:

The main point of this thread is if you plan to keep your vehicle past the comprehensive warranty 3/36 its probably a good idea to have an extended warranty purchased at a fair price. There will always be folks who debate this issue but to anyone who has ever used it its a no brainer. If you could extend your comprehensive coverage on a 2010 Camaro for about $1300 and make it run to 5/100 like the powertrain I say thats a good deal for any consumer. $1300 over a 72 month loan is about 20 per month to have peace of mind. Again a no brainer for me but others will argue that there peace of mind isnt worth $20 or that there issue wasnt covered etc. To each its own I say.

After reading this thread so far, I've come up with a different way of thinking for some who may be pondering buying the extended warranty. If it worries you, take the $20-30 a month and put into a savings account that earns YOU interest. If you ever experience a couple of bad window motors or leaking heater core after your original warranty expires, then BOOYAH, there you have the money to help pay for it. Your money is saved by "you", interest is earned for "you" and used by "you" for repairs or a later down payment on a new car (Camaro hopefully:thumbup:)!

Hard facts for unforseen repairs would be impossible to come by, but it would be very interesting to know how many people that bought an extended warranty actually needed it after all was said and done. Maybe we need a poll:seesaw:

teamlynn1 12-03-2008 12:52 PM

Interesting concept except what if your engine goes tits up or your tranny goes out $20 per month at 5 years is only $1200 even with interest nowhere near enough to cover the repair. Not to mention the lack of saving discipline most of us have, many people reading this do not even fund any type of retirement plan let alone a healthy savings plan. For some you method would work but for the masses the extra $20 per month added to your loan payment is truly inexpensive peace of mind.:chevy:



Quote:

Originally Posted by ZYAL8R (Post 206983)
After reading this thread so far, I've come up with a different way of thinking for some who may be pondering buying the extended warranty. If it worries you, take the $20-30 a month and put into a savings account that earns YOU interest. If you ever experience a couple of bad window motors or leaking heater core after your original warranty expires, then BOOYAH, there you have the money to help pay for it. Your money is saved by "you", interest is earned for "you" and used by "you" for repairs or a later down payment on a new car (Camaro hopefully:thumbup:)!

Hard facts for unforseen repairs would be impossible to come by, but it would be very interesting to know how many people that bought an extended warranty actually needed it after all was said and done. Maybe we need a poll:seesaw:


Mr_Draco 12-03-2008 01:01 PM

For me it depends on how much it costs and how long it extends the warranty to. All the new vehicles we've had never needed any kind of warranty work until after the extended warranty would have ended so getting the extended warranty wouldn't have helped.


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