Should I cancel my GMPP and use the money for....mods? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Vivenvex · 01-18-2015, 04:18 AM

So when i bought my car i tagged on the GMPP 100k/7yr warranty.

I...I know i don't have the willpower to hold out. I'm weak, and the mistress of power beckons my monies.

I inquired and i have 60 days to net a full refund on the warranty. If i remember right it was around $3000. That's alot of nice parts I can grab.

I've had the car for only 4 or 5 days and have done the skip shift eliminator and muffler delete. Really want to do full bolt-ons and prepare for a supercharger.

So, what would you do?

damian559 · 01-18-2015, 05:12 AM

Go for it!!!

Evergreen6 · 01-18-2015, 05:48 AM

Quote:

Originally Posted by Comrando

If you took a loan the money will go to that, not in your pocket.

When I took out a GMPP warranty about 10 years ago and cancelled it, the check was written directly to me even though there was a lien on the vehicle.

But, it's good advice anyway-- put it towards the loan, or, set it aside as an emergency fund for the car. $3k will set you up very nicely if the car ever needs work outside of warranty.

NYCamOwner · 01-18-2015, 06:16 AM

Quote:

Originally Posted by Vivenvex

So when i bought my car i tagged on the GMPP 100k/7yr warranty.

I...I know i don't have the willpower to hold out. I'm weak, and the mistress of power beckons my monies.

I inquired and i have 60 days to net a full refund on the warranty. If i remember right it was around $3000. That's alot of nice parts I can grab.

I've had the car for only 4 or 5 days and have done the skip shift eliminator and muffler delete. Really want to do full bolt-ons and prepare for a supercharger.

So, what would you do?

Think about it this way. If you do not cancel it, and you continue on doing those mods, a lot of them will void any warranties anyway, so what is the sense of buying one when you might never be able to use it?

Just a thought.

760bowtie · 01-18-2015, 09:08 AM

I just cancelled mine 2 days ago. Just like NYCam said, if you continue to mod the car it's going to void most of the extended warranty. I started reading the fine print and decided to go in to the dealership where I bought the car to cancel the warranty.

Process only took about 5 mins, they just verify the mileage on the car and fill out 1 form. They told me the money was gonna go back to the bank but that doesn't matter to me, figured that the money the bank gets back is money I don't have to pay them and can buy my LT headers with that.

christianchevell · 01-18-2015, 09:13 AM

at least its three thousand dollars you will not have to repay or accrue interest on and yes the extended warranty goes usually into effect immediately and runs concurrently with you factory warranty costing you money right out of the box for nothing..... they are a rip off.

satxrider · 01-18-2015, 09:15 AM

Yes, cancel the warranty and use for mods..., if thats what your wanting to do. If your auto loan is a high interest rate, you may want to pay that down instead though. But providing you have a low rate - have fun with the money and make the car the way you like.

JLSuperfly · 01-18-2015, 12:14 PM

The dealer gave me the Auto Butler for five years if I purchased the warranty. I cancelled the Major Guard warranty after the first auto butler application. Now I wonder if lose the auto butler as well.

Vivenvex · 01-18-2015, 01:57 PM

Got a really low rate. Was pleasantly surprised to find I'm just a hair away from an 800 score.

I think I may go for it. Just really sucks that a tune voids a warranty.

MBS · 01-19-2015, 05:45 PM

Awesome post you know what your going to do so MOD IT!!!

01-18-2015, 04:18 AM	#1
Vivenvex LSALLTHECARS Drives: 2000 Z28/LS6/A4, 2015 SS/M6 Join Date: Sep 2011 Location: Tucson, AZ Posts: 15	Should I cancel my GMPP and use the money for....mods? So when i bought my car i tagged on the GMPP 100k/7yr warranty. I...I know i don't have the willpower to hold out. I'm weak, and the mistress of power beckons my monies. I inquired and i have 60 days to net a full refund on the warranty. If i remember right it was around $3000. That's alot of nice parts I can grab. I've had the car for only 4 or 5 days and have done the skip shift eliminator and muffler delete. Really want to do full bolt-ons and prepare for a supercharger. So, what would you do? __________________ 2000 Z28- Forged LS6, built 4l80e 2015 SS/RS- Custom Exhaust, VTC, Style 41 wheels, minor crap.... for now 2007 Silverado LT Crew Cab- Straight piped, K&N Intake, Tuned

01-18-2015, 05:12 AM	#2
damian559 Drives: 2015 1SS, 1LE, Recaro, NPP Join Date: Apr 2014 Location: Fresno, CA Posts: 927	Go for it!!! __________________ 2015 Summit White 1SS, 1LE, Recaros, NPP 498 RWHP 447 RWTQ (Motor) 647 RWHP 723 RWTQ (150 Shot) 12.1 @ 117 (Motor) 11.7 @ 129 (Nitrous) Nitrous Outlet Single Nozzle Kit \| Stand Alone Fuel Cell w/ C16 \| Custom Grind Cam \| Stainless Power 1 7/8 LT Headers \| CAI Intake \| ATI Super Damper \| BMR Trailing Arms & Toe Links \| Prothane Polyurethane Sub-frame Bushings \| JDP Upper Control Arm Bushings \| MT Drag Radials \| Tuned by SS Motorsports Youtube Channel: Click Here

01-18-2015, 09:13 AM	#6
christianchevell old school chevy rodder Drives: 2021 zl1 a-10 WildCherry Join Date: Jul 2012 Location: Oregon Posts: 5,622 View My Garage	at least its three thousand dollars you will not have to repay or accrue interest on and yes the extended warranty goes usually into effect immediately and runs concurrently with you factory warranty costing you money right out of the box for nothing..... they are a rip off. __________________ 2021 Wild Cherry ZL1 A10, Sunroof, Data,Red Carbon Interior, Nav, RotoFab Big Gulp , Elite x2ultra, Borla ATAK, Driveshaft shop, BMR susp, Speed covers, intercoolers, ATI , 2650 MAG, DSX lid, 103 NW, TSP Longtubes & cats, LPE, 1le mods, ,LME cover, Katech pump and chain, Trunnions, BTR stage 2, LPE boostapump, Gforce, Speed eng , Granetteli, etc etc

01-18-2015, 09:15 AM	#7
satxrider Bad 45th Drives: 2012 45th Anniversay Edition SS Join Date: Apr 2014 Location: San Antonio Posts: 548	Yes, cancel the warranty and use for mods..., if thats what your wanting to do. If your auto loan is a high interest rate, you may want to pay that down instead though. But providing you have a low rate - have fun with the money and make the car the way you like. __________________ - Carl 2012 45th Anniversary SS - LS3 Magnuson TVS 2300 Supercharger / Alky Meth Injection / Lingenfelter GT12 Cam / Kooks LT Headers, 3 inch exhaust & QTP electric cut outs / Monster LT1-S Twin Disc Clutch / MGW flat blade short throw shifter / Haltech CAI / VMax Throttle Body / DSS Stage 3 axles/ BMR Trailing Arms, Toe Rods, Suspension Bushing and 1" lowering springs / Taylor 8MM Plug Wires / Tuned by Henderson Performance Technologies / EBC dimpled and sloted rotors / G2 Painted Calipers / GM Tower Strut Brace / ZL1 Factory Rep Wheels

01-18-2015, 01:57 PM	#9
Vivenvex LSALLTHECARS Drives: 2000 Z28/LS6/A4, 2015 SS/M6 Join Date: Sep 2011 Location: Tucson, AZ Posts: 15	Got a really low rate. Was pleasantly surprised to find I'm just a hair away from an 800 score. I think I may go for it. Just really sucks that a tune voids a warranty. __________________ 2000 Z28- Forged LS6, built 4l80e 2015 SS/RS- Custom Exhaust, VTC, Style 41 wheels, minor crap.... for now 2007 Silverado LT Crew Cab- Straight piped, K&N Intake, Tuned

01-18-2015, 09:08 AM	#5
760bowtie Drives: 2014 1SS/RS, 2018 Silverado CC Join Date: Apr 2014 Location: Oceanside, CA Posts: 1,487	I just cancelled mine 2 days ago. Just like NYCam said, if you continue to mod the car it's going to void most of the extended warranty. I started reading the fine print and decided to go in to the dealership where I bought the car to cancel the warranty. Process only took about 5 mins, they just verify the mileage on the car and fill out 1 form. They told me the money was gonna go back to the bank but that doesn't matter to me, figured that the money the bank gets back is money I don't have to pay them and can buy my LT headers with that.

01-18-2015, 12:14 PM	#8
JLSuperfly Drives: 2014 Red Hot LS3 Join Date: Oct 2014 Location: SF Bay Area, CA Posts: 4,266	The dealer gave me the Auto Butler for five years if I purchased the warranty. I cancelled the Major Guard warranty after the first auto butler application. Now I wonder if lose the auto butler as well.

01-19-2015, 05:45 PM	#10
MBS Drives: 2010 rs 2lt Join Date: Aug 2012 Location: wisconsin Posts: 2,497	Awesome post you know what your going to do so MOD IT!!!