Is the electrical extended warranty worth it?

[c5dreamer]

$3995.00 84 months 70000 miles

[pincoin]

I wouldnt buy it! Way too much money

[5cents]

That seems like a lot of money. Are you positive that price is correct? Warranty costs can vary, depending on the vehicle, the length of coverage, the amount of mileage, and the amount of deductable you choose.

I've never heard of strictly "electrical" extended coverage, usually extended warranties covery everything. Is this a GM Protection Plan, or some aftermarket company? Are you buying the warranty when the vehicle is brand new, or is it a used vehicle?

Regardless of the price, warranties are like car, home, health, and life insurance policies, they are only worth it if you need to use it. If you don't have any problems, then it's a waste of money. So, as Clint Eastwood once said "Do you feel lucky ......?"

[Hendu]

I learned a long time ago, never buy extended warranties on cars.

[powerslave]

Originally Posted by Hendu

I learned a long time ago, never buy extended warranties on cars.

+1

[flyinlow]

Originally Posted by Hendu

I learned a long time ago, never buy extended warranties on cars.

I would challenge that notion. I've bought an extended on the last couple of Chevy's I bought and they all more than paid for themselves. The key is not paying full price for them and if you are going to keep your vehicle more than 5 years and don't buy an aftermarket, buy only the GM one.

Here is a tip for all of you, go to www.fichtnerchevrolet.com, call them and ask for Dennis Fichtner (I think) or just tell them you're interested in buying an extended warranty, they will route you to the right guy. They will sell you a GM warranty for almost cost, typically the lowest prices around. You don't have to go through your dealer, you can buy it from anyone. For our 2007 Avalanche, I think I paid about $1200 for a 7/70,000, 0 deductible warranty.

[P3SAR]

Wow that is an amazing price

[POWERFREAK]

Is that a type-o? Seems really expensive....a full bumper to bumper gmpp warranty is much less then 4k.

[Baba]

Originally Posted by flyinlow

I would challenge that notion. I've bought an extended on the last couple of Chevy's I bought and they all more than paid for themselves. The key is not paying full price for them and if you are going to keep your vehicle more than 5 years and don't buy an aftermarket, buy only the GM one.

Here is a tip for all of you, go to www.fichtnerchevrolet.com, call them and ask for Dennis Fichtner (I think) or just tell them you're interested in buying an extended warranty, they will route you to the right guy. They will sell you a GM warranty for almost cost, typically the lowest prices around. You don't have to go through your dealer, you can buy it from anyone. For our 2007 Avalanche, I think I paid about $1200 for a 7/70,000, 0 deductible warranty.

THAT'S a GREAT deal! Definitely worth the cost for extended protection, IMHO.

[SSBlack]

Dealer mark-up is 100%. There are other online sites selling GMPP's at close to cost (threads about it in that section).

No idea why anyone would get just an electrical warranty, when "bumper to bumper" covers more.

[PJS45TH]

Are you buying it with a new car or used car? Used car warranties (including GM) will usually cost more than if you negotiated it with new car price. But, that still seems extremely high. For a used car, shouldn't be anymore than $2500.

[powerslave]

Only Warranties I've had: Tires (not covered), Brakes(not covered), Exhaust(not covered), Oil Changes(not covered), Glass(not covered) etc... add everything else that DOES go wrong with a car in the first few years. These were GM new car warranties.

[c5dreamer]

Originally Posted by PJS45TH

Are you buying it with a new car or used car? Used car warranties (including GM) will usually cost more than if you negotiated it with new car price. But, that still seems extremely high. For a used car, shouldn't be anymore than $2500.

we are buying a new car

[ZL600 FK]

Originally Posted by c5dreamer

$3995.00 84 months 70000 miles

That price is very high - I paid less than that and got oil changes, paint and interior protection, and tire and rim protection!

[POWERFREAK]

Originally Posted by c5dreamer

we are buying a new car

so $3995.00 84 months 70000 miles is NOT a type-o? Holy crap, what they charge for the bumper-to-bumper warranty???? $6995.00???

[5cents]

Originally Posted by Hendu

I learned a long time ago, never buy extended warranties on cars.

Wrong ...... cars and big ticket items are worth it. Plus, most warranties are transferable, so it's an added incentive to the next buyer when you want to sell the vehicle. You have to watch some of the non-GM warranties because some GM dealers won't honor them.

For the price of a new transmission, or engine, the GM extended protection plans are well worth the money. And if you trade the vehicle in before the warranty expires, they will prorate the remaining time left and refund some money.

Now, as far as TV's, household appliances, and such go, I don't buy the extended warranties. If something does go wrong, you just buy a new TV cause it's usually cheaper than fixing them.

Large ticket items = YES
Small ticket items = NO

[cb2011rs]

If you are getting one get the GMPP , hands down the best . You can pick the deductible and length of contract to fit your means . I am getting 84 months 70k miles for $1070 through gm outlet . $3995 is way out of control ....

[Stex]

Originally Posted by cb2011rs

If you are getting one get the GMPP , hands down the best . You can pick the deductible and length of contract to fit your means . I am getting 84 months 70k miles for $1070 through gm outlet . $3995 is way out of control ....

From your dealer or other ?

[cb2011rs]

Originally Posted by Stex

From your dealer or other ?

Gm outlet http://www.gmoutlet.com/emailserver/quote/mg/11mgd3.htm

go here . Best prices . This is where I am getting mine . I hope this helps....