Extended Warranty???? Good or Bad Deal

[ga0358]

Great thread...I too purchased the extended warranty package, and was feeling like I might have gotten talked into something I didn't need..BUT after reading these posts, I feel MUCH better about it, as she is my daily driver AND I plan on keeping her WAY past the extended warranty period...

[SwedeandBlondie]

Our dealer tried to talk us into etching a code into different parts of the car so we can track it if it's ever stolen and parted out. The guy then looked baffled when I told him that if it was stolen, that the insurance would replace it and I wouldn't care about what pieces were found.

[CamaroScotty]

Originally Posted by SwedeandBlondie

Our dealer tried to talk us into etching a code into different parts of the car so we can track it if it's ever stolen and parted out. The guy then looked baffled when I told him that if it was stolen, that the insurance would replace it and I wouldn't care about what pieces were found.

What a great dealer profit maker....All the cars parts have the vin on them (except the glass). My repsonse would be, I have OnStar, and they can find my car if its stolen.....and glass etching ruins collectability.

[Jayson9]

Most cars (and their owners) have their problems, if there are any, before the 36/36 warranty is up. The stealership extended warranties are a rip off from the get go. Drive more, worry less.... until you get to the 36/36 point. Then pay the bucks if your worried!

[Fogey]

I have a 2004 Envoy, and though it has been the most reliable, defect free GM car I have ever owned, it did have a couple of things happen and the extended warranty has payed for itself. I do suggest that if you get it, get as low of deductible as you can afford. If you have $200 deductible sometimes the thing you have repaired costs less than the deductible.
A friend of mine had some minor problem, and had a $200 deductible. Thanks to an honest service writer he paid $125 for the repair rather than $200 deductible.
I have a 99 B5 VW Passat. As that was the first year of production, they gave you an almost bumper to bumper, 10 year , 100K miles warranty. That's the good news. Boy did I use that warranty. That's the bad news. I'm getting ready to sell it and was looking thru service records and saw that I had had oil leaks repaired 16 times. Plus a whole look of other stuff. Ouch. I wouldn't have kept the car without that warranty.

[Sean_W]

You can cancel it, but you won't get the cash back now. They just drop it off the end of loan and you will have a few extra months dropped off at the end of your loan. Trust me, I did the same thing. The only way I got the money back was to refinance the loan and get the cash back.

[Murph0408]

didn't go for the warranty. even my salesman (of all people) told me how it was a waste

[bluetooth-ss]

The only vehicle I ever had an extended warranty on(G.E notGM) was my 94 s-10 and used it one time when the heater core leaked the repair was less than the cost of the warranty. Nothing elese went wrong until the warranty was long expired. I never bought another extened warranty on another vehicle after that.

[dunnz28]

In Sept 2009 when I picked up the Camaro 1SS from the dealer,they offered a $500 rebate or 2 year extended GM warranty (goes to 5yrs/60000 miles), which is transferrable for $50 fee. Since I keep my cars (95 Z28, then 2002 Z28, now 2010 SS) seemed worth the money. Had head gasket trouble on the 2002 and the warranty helped a bunch.

[midnighter]

[lets_go_bills]

Extended warranties are a scam.

[2010 Bumblebee]

I got the 6yr/60,000 mile GM major guard warranty. So what do I get compared to my factory 3yr/3600 and 5yr/100,000. Hmm.. 3 more years of "kind of" bumper to bumper, and one more year of "kind of" drive train if I stay below 60,000 which I will since it's my toy, but can I keep it stock for 6 years, or will I even keep it for 6 years, not sure. I got ALL the protection plans for my car (GM, tire protection, paint) because I wanted the car to last forever, but I have mixed feelings about them now since they added about $2000 to the price of my car. The tire plan is good, the paint plan is a waste unless you live near seagulls, and the GM plan I don't know yet.

[lindsrt]

Originally Posted by CUPRA

I had the GM Extended 5yr/60000 mile warranty thrown into my deal when I bought my car.

I figured it was definitely worth it as I financed the car for 72 months. Gives me coverage for most of my repayment term.

Only difference from the 36k mile/3 year bumper to bumper warranty is that there is a $100 per claim deductible.

I'm happy with my decision.

I DID THE SAME BUT MINE WAS 6YR /60000?

[GMGP5X]

When we bought ours the finance guy tryed to sell us a cna warranty not gmpp,asked him about gmpp warranty it was only 200.00 more that the cna.Asked him why they where not selling us gmpp he could not come up with a good reason, so we did not any extras at all, he was pissed!! Glad we did not go for there sales pitch.