Protection Plan?? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

wayneworld · 08-19-2009, 02:47 PM

I have a question for all of you.. I just recieved the protection plan for my camaro I believe its starts when the 3 year runs out and it goes for 5 years / 100,000 miles with a $100 deductible. What is everyones thoughts on getting this is it worth it? the price they are asking for is$1738.40 0.0% and no Finance charge and a payment of $82.00 a month..

strshp5 · 08-19-2009, 03:10 PM

Quote:

Originally Posted by wayneworld

I have a question for all of you.. I just recieved the protection plan for my camaro I believe its starts when the 3 year runs out and it goes for 5 years / 100,000 miles with a $100 deductible. What is everyones thoughts on getting this is it worth it? the price they are asking for is$1738.40 0.0% and no Finance charge and a payment of $82.00 a month..

SAVE YOUR MONEY
ive been in the auto biz for 30 years and what ive learned these protection plans are a rip off you allready have 3yr 36k bumper to bumper
and 5yr 100k on drivetrain ill say it again SAVE YOUR MONEY

john

Chevyrocker · 08-19-2009, 03:13 PM

Actually it's 5yr 100K on the power train. Being in the car business as well, I'd say for $82 a month, they can keep it. If the cost is only $1,740 @ 0%, is should only affect your patment $29 a month (assuming you're doing 60 months). If you're plannin on keeping the car, buy it. Keep in mind you can also buy it at a later date should you choose to do so.

TXISKING · 08-19-2009, 04:00 PM

The GMPP I believe the OP is refering to is financed seperate from the auto. So it would not raise the monthy payment. It should be structured with a down payment and a montly payment. Completly seperate from the vehicle contract.

Also, have you priced the cost of an AC repair. If the compressor goes with 50k on the car its not under factory warranty. It would be safe to say that compressor/dryer/remove and replace labor would be close to the price quoted for the service contract. What about a electric window motor? Not cheap.

And the GMPP contract is from General Motors. I don't believe they are a ripp off.

I understand each has their opinion. I also understand not everyone has the cash laying around to fix what might break after the initial 36month/36,000 miles.

And you are correct you can purchase the service contract after the initial purchase of a vehicle. As long as it is still covered under the factory warranty. The 36/36 portion. Keep in mind that the cost will be adjusted up as the mileage goes up on the Camaro....

Not trying to be difficult. Just another view.

Like health/ life insurance not for everyone, but has its place in the world.

JohnInSoCal · 08-19-2009, 04:19 PM

it's a crap shoot, they sell them to make money obviously, like insurance at bestuy for various stuff you buy. They push it because it's a money maker for them. In general I don't buy things like that. However I did buy one for a tahoe 4WD I bought in 98, it more than paid for itself. I replaced the transmission several times, starter, alternator, fuel pumps, water pump, etc. all under warranty. Now that doesn't speak well for tahoe quality I knew that going in and figured the 1K was a good bet for me and I was right.

So the question is will the camaro be reliable ? Well it's a first year car however the engine is well established.

jdurhan · 08-19-2009, 04:22 PM

Thats way to much money, you can still get a great price on GMPP if you buy it before the 12 month anniversary date of purchase. Believe me you can get the same plan for much less. PM me I'll give you the guy to email, he has sold me plans for two of my other cars and he is a Chevrolet dealership. Can't beat his prices, I found him over on the Corvette forum, I also bought a Z06 from him. It doesn't matter where you live, he sells to people across the country.

JSOC_MQ1 · 08-19-2009, 04:40 PM

Some insurance companies offer a mechanical break down insrurance.

I have one on my policy through Geico, for my camaro. It only costs $6-$8 per month with a $250 deductible and is good through 7 years of ownership / 100,000 miles. That will cost one heck of a lot less than $1,700+

bluman · 08-19-2009, 04:46 PM

You are being OVERCHARGED !!!!
I can get the same GMPP for $1,115
60/100/$100

pm me if you want the details

CamaroScotty · 08-19-2009, 04:49 PM

We sell the GM extended warranty to ALL CAMARO 5 members at EMPLOYEE PRICING:

http://www.camaro5.com/forums/showthread.php?t=26581

Why pay FULL PRICE at your dealer for the same plan?

08-19-2009, 02:47 PM	#1
wayneworld Drives: Gmc Denali /2SS IOM Camaro Join Date: Nov 2008 Location: Bristol Ct Posts: 93 View My Garage	Protection Plan?? I have a question for all of you.. I just recieved the protection plan for my camaro I believe its starts when the 3 year runs out and it goes for 5 years / 100,000 miles with a $100 deductible. What is everyones thoughts on getting this is it worth it? the price they are asking for is$1738.40 0.0% and no Finance charge and a payment of $82.00 a month..

08-19-2009, 03:13 PM	#3
Chevyrocker Weekend Rockstar Drives: Depends on the day... Join Date: Mar 2008 Location: West Palm Beach Posts: 1,444	Actually it's 5yr 100K on the power train. Being in the car business as well, I'd say for $82 a month, they can keep it. If the cost is only $1,740 @ 0%, is should only affect your patment $29 a month (assuming you're doing 60 months). If you're plannin on keeping the car, buy it. Keep in mind you can also buy it at a later date should you choose to do so. __________________ *Shortcuts can slow you down...*

08-19-2009, 04:00 PM	#4
TXISKING Drives: '13 ZL1 725 rwhp / 700 ft lb tq Join Date: Jul 2009 Location: Andrews, Texas Posts: 165 View My Garage	The GMPP I believe the OP is refering to is financed seperate from the auto. So it would not raise the monthy payment. It should be structured with a down payment and a montly payment. Completly seperate from the vehicle contract. Also, have you priced the cost of an AC repair. If the compressor goes with 50k on the car its not under factory warranty. It would be safe to say that compressor/dryer/remove and replace labor would be close to the price quoted for the service contract. What about a electric window motor? Not cheap. And the GMPP contract is from General Motors. I don't believe they are a ripp off. I understand each has their opinion. I also understand not everyone has the cash laying around to fix what might break after the initial 36month/36,000 miles. And you are correct you can purchase the service contract after the initial purchase of a vehicle. As long as it is still covered under the factory warranty. The 36/36 portion. Keep in mind that the cost will be adjusted up as the mileage goes up on the Camaro.... Not trying to be difficult. Just another view. Like health/ life insurance not for everyone, but has its place in the world. __________________ '13 Black Manual trans , Heads, Cam, Injectors, Ported Snout, Vmax throttle body, RotoFab, Headers, No Cats, 9.55 lower pulley, D3PE heat exchanger, - 725 rwhp/700 tq

08-19-2009, 04:46 PM	#8
bluman Drives: '10 Corvette GS/'13 Mustang Join Date: May 2009 Location: Long Island NY Posts: 636	You are being OVERCHARGED !!!! I can get the same GMPP for $1,115 60/100/$100 pm me if you want the details __________________ 2010 Camaro SIM/CGM RS/2LT VIN #310 SOLD 2010 Corvette Grand Sport

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08-19-2009, 04:19 PM	#5
JohnInSoCal Drives: RJT L99 500HP Join Date: Aug 2009 Location: SoCal Posts: 535	it's a crap shoot, they sell them to make money obviously, like insurance at bestuy for various stuff you buy. They push it because it's a money maker for them. In general I don't buy things like that. However I did buy one for a tahoe 4WD I bought in 98, it more than paid for itself. I replaced the transmission several times, starter, alternator, fuel pumps, water pump, etc. all under warranty. Now that doesn't speak well for tahoe quality I knew that going in and figured the 1K was a good bet for me and I was right. So the question is will the camaro be reliable ? Well it's a first year car however the engine is well established.

08-19-2009, 04:22 PM	#6
jdurhan Drives: 2017 SS 50th Conv., 2016 Siverado Join Date: Sep 2007 Location: fort lauderdale Posts: 457 View My Garage	Thats way to much money, you can still get a great price on GMPP if you buy it before the 12 month anniversary date of purchase. Believe me you can get the same plan for much less. PM me I'll give you the guy to email, he has sold me plans for two of my other cars and he is a Chevrolet dealership. Can't beat his prices, I found him over on the Corvette forum, I also bought a Z06 from him. It doesn't matter where you live, he sells to people across the country.

08-19-2009, 04:40 PM	#7
JSOC_MQ1 Drives: 2010 IBM 2SS Join Date: Jan 2009 Location: Missouri Posts: 115	Some insurance companies offer a mechanical break down insrurance. I have one on my policy through Geico, for my camaro. It only costs $6-$8 per month with a $250 deductible and is good through 7 years of ownership / 100,000 miles. That will cost one heck of a lot less than $1,700+

08-19-2009, 04:49 PM	#9
CamaroScotty Account Suspended Drives: Your new SLP Camaro! Join Date: Jul 2008 Location: Cedarburg, WI Posts: 6,801	We sell the GM extended warranty to ALL CAMARO 5 members at EMPLOYEE PRICING: http://www.camaro5.com/forums/showthread.php?t=26581 Why pay FULL PRICE at your dealer for the same plan?