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Will you buy an extended warranty for your C6Z?

  • Yes

    Votes: 74 61.7%
  • No

    Votes: 26 21.7%
  • Undecided

    Votes: 20 16.7%
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Discussion Starter · #1 ·
How many of you plan on buying an extended warranty? WHat price would you pay for it? Any preferred carrier?
 

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Just be aware that the extended warranty goes into effect the day you buy it. So don't buy it until your factory warranty is about a month from expiring or you're just wasting your money.
 

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Discussion Starter · #3 ·
But isn't the price of an extended warranty much higher when there are more miles on the car?
 

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Extended warranties are more expensive when you have more mileage on the cars and almost all are in terms of when the vehicle was first put into service.
 

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jdogg said:
Extended warranties are more expensive when you have more mileage on the cars and almost all are in terms of when the vehicle was first put into service.
So let me get this straight. If you buy a 5 year extended warranty, all you really get is two years beyond the 3 yr factory warranty? And if you wait to buy that 5 year extended warranty until a month before the factory warranty expires, you're still only getting two more years beyond the factory warranty? And you have to pay more because you waited? What a rip! They get you coming AND going.
 

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The GM Extended Warranty (3 year) I Purchased says it's effective from date of purchase (when the car was new) However it is an extension of the GM Warranty and expires 3 years after the orignal warranty...A total of 6 years coverage...Hope this helps
 

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UVETTYA said:
Just be aware that the extended warranty goes into effect the day you buy it. So don't buy it until your factory warranty is about a month from expiring or you're just wasting your money.
Good advice. Some of the vendors here offer a great deal when the time arrives.(bought three more years just before mine ran out. Had less the 30K on my car, and picked a $200 deductable.) :z:
 

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I understand it a little differently. Always best, cheapest, to buy when the car is brand new, as soon as you have a VIN # for her and right when you pick her up. A 6 year warranty is really 3 more years past the factory no matter when you buy it. Someone please correct me if I am wrong. So the way I understand it, a 3 year would expire along with the 3 year factory. Are you sure you did not buy a 6 year and they just explained it that way?

I will buy one for my Z06, as soon as I get her, from Ken Fitchner in Montana. It will be my 4th warranty purchased from him. I have not had to use it, though the guy that bought the 01 did right after the purchase. Its a good selling point if you have to let a Vette go. I am keeping my 01 Z06 and this one!
 

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Extended warranty is just that, "extended beyond the standard" warranty. The GMPP extended warranty picks up coverage after the standard 3yr/36K mile warranty expires.

When you buy, say, a GMPP 5/50 you have effectively "extended" the standard warranty 2 more years or up to 50K miles which ever comes first.

The standard warranty is what covers issues prior to the extended period. So you may be paying for your extended warranty when you buy the car new, but warranty items are not applied to the extended warranty until the 3 yr / 36K mile period is reached.

From my experience, it is usually, not familiar with all vendors, cheaper to buy an extended warranty early in the car's life. So, whether you buy a 5/50 the day you buy your car or the month before 36 month anniversary of the car, your car's warranty would run for up to 5 year anniversary of the car or 50K miles which ever comes first.

Either way, beware of extended warranties that are not GMPP. They can leave you uncovered.
 

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I bought the extended GMPP warranty. It begins when the 3/36 is up. Based on my last experience with my Nissan extended warranty (something you MUST have if you own a Nissan and plan to keep it), and it's true for the GMPP also, the timer starts running on the day you put the car in service. The timer is important. It denotes when your regular warranty will run out, when your extended will kick in, and when your extended will run out.

As for the money, yeah it's cheaper to buy when you get the car. But also, the timer starts eroding away at the rebate value of the extended warranty, so if you buy an extended warranty when you get the car, and change your mind on how long you'll keep the car (you might decide to upgrade to a new C6Z06 for example), you should cash in that warranty immediately! If not, and you wait, you'll get less and less each day you wait.

I traded my Nissan at 18 months and 30,000 miles. The extended would have kicked in at 36 months or 36,000 miles... so I was about to start into the extended side because of the mileage. The plan cost $1,700 when I bought it with the vehicle, but 18 months later, it was only worth $1200 on rebate when I traded.

If I thought today that I would buy a C6Z06 in 2006, I would cash in the GMPP extended warranty TODAY, so as to not lose any more.
 

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I got an extended warranty on my 2002 Z06. About two weeks before the original warranty expired I got my GM dealership to extend my then original 3/36 to a new additional five (5) year extension (8/2009). They should provide you with a break down on costs/months/deductibles and what's covered. Most important get a GM warranty. :usa:
 

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I won't buy it mainly because I won't keep it longer than 3yrs or 36,000 miles but with all the other cars in the world that get a better warranty---

The Corvette should come standard with a 4yr 50,000mi one! :guiness:
 

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PimpDadd said:
I won't buy it mainly because I won't keep it longer than 3yrs or 36,000 miles but with all the other cars in the world that get a better warranty---

The Corvette should come standard with a 4yr 50,000mi one! :guiness:
Agree, that's one reason the competition is eating GM's lunch, breakfast and super. Also any in between snacks.
 

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I have been researching and will be buying the extended warranty tomorrow (2002 Z, expires 7/2/2005) from Fichtner Chevrolet in Montana. They shoot straight and have been recommended by numerous others on this forum. Call Dennis!


406-628-4618, Ext 105.


Dennis Fichtner
 

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I bought an additional 3 year / 36K warranty two weeks before the factory warranty was going to expire. I went with the GM Major Guard plan, $0 deductible. Total cost: $1035. I bought from an out of state dealer - it pays to shop.
 

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I received this from Dennis. Hope this helps. NOTE: These prices are from a car that is less than 2 years old and less than 24000 miles.

Hello and thanks for your interest in the GM Protection Plan.

I am pleased that you are allowing us the opportunity to provide this quote and am hopeful that we can assist you with the purchase of a plan.

Please find below more information on the plan and the application process.


Have a great day!

Dennis Fichtner
Fichtner Chevrolet
Laurel MT
406-628-4618, Ext 105

As requested, here is the information and pricing on the General Motors Protection Plan.

About the plan:
As an independent new car dealer, Fichtner Chevrolet is authorized by General Motors to sell the GM Protection Plan. We are offering the plan at a significant discount without sales tax. This amounts to a discount of several hundreds of dollars off of the MSRP of the plan!

Major Guard is a policy of General Motors Corporation. Be very careful of policies written by other companies that may no longer be in business when you need them! There have been hundreds of these companies going broke in the past. In addition, this policy is good at any GM dealership. The vast majority of dealerships will not honor any policy except those sold by General Motors. The GM Protection Plan protects your vehicle and assures that it is repaired to GM standards whenever necessary. Second, the plan is completely transferable to subsequent owners of your vehicle adding to the vehicle's resale value. The GM Protection Plan comes with a GM money-back guarantee of satisfaction. You get a full refund if you cancel the Plan within 60 days of purchase and no claim is filed. After 60 days, your refund is prorated, (less a small administration fee).

Major Guard provides 24-hour no cash needed towing and roadside assistance. Major Guard will authorize towing or emergency road service for any disablement of your covered vehicle, or will reimburse you up to $50 for these expenses. Benefits include towing, flat tire service, battery jump, out-of-gas fuel delivery and locksmith and key service. Major Guard will pay the charge to rent a replacement vehicle whenever the new vehicle limited warranty or Major Guard covered repairs require 2.0 or more manufacturers’ labor time guide hours to repair.

What does Major Guard cover?
It’s as simple as this: If it’s not on the very short list of what’s not covered, it’s covered!

WHAT’S NOT COVERED?
Maintenance services and parts, physical damage, glass, lenses, sealed beams, light bulbs, and tires. Components not installed by the vehicle manufacturer. Bumpers, sheet metal, body panels and parts. Carpet, hinges, trim, upholstery, convertible or vinyl tops, moldings or bright metal. Air and water leaks, wind noise, odors, weather-strips, squeaks, rattles, paint, rust carburetor, contaminated fuel system, exhaust system, catalytic converter, brake drums & rotors, shock absorbers, and batteries.

For any vehicle that is still inside the new vehicle limited warranty Period, Major Guard time and mileage limits start on the same day as you purchase the plan and from the odometer reading the day you purchase the plan. You may purchase the plan at any time but such coverage must be purchased prior to the end of the new vehicle limited warranty of 36 months or 36000 miles. Major Guard can be transferred when you sell your vehicle. Major Guard is recognized by dealers in the US and Canada. It makes sense to return to your selling dealer, but if you find it inconvenient to do so, you may use any commercial repair facility! Just refer to the Coverage Agreement for the appropriate phone number to call.

Major Guard can be purchased from any GM Dealer. To save big dollars, buy it from Fichtner Chevrolet. Many dealers mark-up Major Guard beyond GM suggested prices by several hundred dollars. We sell every plan at a discount saving you hundreds of dollars! Major Guard is honored nation-wide and it doesn't matter where you bought the plan!

To read more about the plan and to view an actual policy please visit this
website: www.gmprotectionplan.com

Application:
Application is simple.
You may either email us at [email protected] or call us at 406-628-4618, ext. 105 with the following information: Your name: Your address: Your daytime phone number: The VIN of your car: The odometer reading on your car: The term, miles and deductible desired: Your credit card number and expiration date: We are pleased to accept Visa, MasterCard and Discover.

GM Protection Plan Pricing - Effective 1/1/2005

Symbol 5 - 2002 and newer with less than 24000 miles

Term/Mileage/Deductible Sale Price

12/12/0 $535
12/12/100 $495
12/12/200 $465

12/15/0 $555
12/15/100 $510
12/15/200 $475

12/18/0 $580
12/18/100 $530
12/18/200 $490

12/20/0 $605
12/20/100 $550
12/20/200 $505

24/24/0 $640
24/24/100 $575
24/24/200 $530

24/30/0 $675
24/30/100 $600
24/30/200 $550

24/36/0 $720
24/36/100 $640
24/36/200 $580

24/40/0 $845
24/40/100 $735
24/40/200 $655

24/50/0 $1,150
24/50/100 $975
24/50/200 $840

36/24/0 $825
36/24/100 $720
36/24/200 $640

36/30/0 $870
36/30/100 $755
36/30/200 $670

36/36/0 $920
36/36/100 $795
36/36/200 $700

36/45/0 $1,160
36/45/100 $980
36/45/200 $845

36/54/0 $1,480
36/54/100 $1,225
36/54/200 $1,035

36/60/0 $1,725
36/60/100 $1,415
36/60/200 $1,185

36/75/0 $2,365
36/75/100 $1,905
36/75/200 $1,570

48/32/0 $905
48/32/100 $785
48/32/200 $690

48/40/0 $1,045
48/40/100 $890
48/40/200 $775

48/48/0 $1,455
48/48/100 $1,205
48/48/200 $1,020

48/60/0 $1,775
48/60/100 $1,455
48/60/200 $1,215

48/72/0 $2,390
48/72/100 $1,930
48/72/200 $1,585

60/40/0 $1,340
60/40/100 $1,120
60/40/200 $955

60/50/0 $1,675
60/50/100 $1,375
60/50/200 $1,155

60/60/0 $2,460
60/60/100 $1,985
60/60/200 $1,625

60/75/0 $3,185
60/75/100 $2,540
60/75/200 $2,060

72/48/0 $2,505
72/48/100 $2,020
72/48/200 $1,655

72/60/0 $3,885
72/60/100 $3,080
72/60/200 $2,480

72/72/0 $4,895
72/72/100 $3,860
72/72/200 $3,085

84/56/0 $3,105
84/56/100 $2,480
84/56/200 $2,015

84/70/0 $5,030
84/70/100 $3,965
84/70/200 $3,165
 

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Just bought the 48/40/200 from Dennis in Montana. Very nice to deal with. Went with higher deductible (and lower overall cost) since this is like catostrophic insurance to me.
 

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Thinking out loud here but an extended warranty purchased when car is new is cheaper for two reasons:

1. Time value of money, money now is always worth more than money later (unless deflation and depression) and

2. More likely to purchase warranty for a "problem" car later than when new with no history.

Anyway I have never bought one. Just does not make economic sense if you play the odds.
 

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Looking at Dennis's prices makes me fell like I got taken for a ride.... I paid $1870 for the GMPP 36/30/0 when I bought my 2002 Z back in Dec 2004 w/ less than 500 miles on it. I guess I should have shopped around. There were only 2 weeks left on the factory warranty. I don't think the HumVee dealer I bought the Z from would negotiate on the warranty though. I paid $35,350 (did not finance thru them) which was $6k under dealer retail and I traded in my 97 WS6 TA at $1600 over what dealer trade in was. I guess you can win every piece of the deal!
 
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