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extended warranty advice

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Old 03-24-2011, 11:19 PM
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evil chevy
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Default extended warranty advice

I just bought a 05 convertible with 64K miles.
I have full service history from dealer and have 1 months waranty with this dealer.

They offered me an extended warranty covering power train, electrical, suspension, brakes, air conditioning, steering, cooling, fuel systme.....
with a company called century service plus.

price to pay is $2700 for 36/36

what do you think??
is there other company I can contact to have other quotes?

Thanx
Old 03-24-2011, 11:23 PM
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gunterwalker
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No way I would do that. If you think it will make you sleep better then go for it but I think you are being taken to the cleaners. I'm really not even sold on the GMPP but it would be the only one I would even consider for a second. If something breaks on mine I'll pay for it. Put that $2700 away in a savings account and you have $$$ if you ever need it.
Old 03-24-2011, 11:56 PM
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SpryGeezer
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I bought GMPP Major Guard from Fichtner, '07 Coupe, 84 months/56K/$200 deductible, about $1600.
mailto:dfichtner@fichtnerchevrolet.com
Old 03-25-2011, 12:03 AM
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keyplyr
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Originally Posted by gunterwalker
No way I would do that. If you think it will make you sleep better then go for it but I think you are being taken to the cleaners. I'm really not even sold on the GMPP but it would be the only one I would even consider for a second. If something breaks on mine I'll pay for it. Put that $2700 away in a savings account and you have $$$ if you ever need it.


Categorically, warranties are absolutely the worst return on your money.



Old 03-25-2011, 06:34 AM
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Vette5.5
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GMPP is really the only one I'd consider, but since your car's beyond the original 36K/36mo it's not an option. Aftermarket warranties can be risky, and $2700 is more than double any GMPP I've ever purchased. Ask around to different dealer's and repair shop's to see if they'll even except the coverage in question. I had a policy like this on a car once, and most dealer's wouldn't go near it.
Old 03-25-2011, 09:12 AM
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ABQ C6
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St. Jude Donor '11-'13-'14-'15
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I bought my 07 Coupe at a Ford dealer along with Ford's Extended Warranty for about $1400. It has more than paid for itself as it has covered the Nav radio, alternator, starter, and lead from battery to starter, almost $2700 and all I paid was a $100 deductible twice.

Unfortunately it won't cover the two front shocks that are bad now, at approx. $1000 each. They told the dealer if it were struts they'd be covered. Oh well.

I like the peace of mind having the extended warranty knowing that things on this car aren't cheap but I don't think I'd pay $2700 for the warranty.
Old 03-25-2011, 06:48 PM
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JayFan
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I just bought an 05, with 20K miles, and was offered the same thing ($2700) and I turned it down. I've owned 3 Vettes and never have had a MAJOR problem. Knock on wood!
$2700 is A LOT of repair items.....
Old 03-25-2011, 08:05 PM
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gomerjack
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Try contacting Hal Moses at hm@autowarranties.com. His prices are pretty good...
Old 03-25-2011, 08:07 PM
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gomerjack
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I think that if you can a warranty at a good cost, it's worth it. Vettes are not cheap to fix. Most people say warranties are rip offs and I would tend to agree but in the case of my Vette, the warranty has paid for itself many times over...
Old 03-25-2011, 11:42 PM
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rollin18
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Originally Posted by keyplyr


Categorically, warranties are absolutely the worst return on your money.


unless you "help" something to break that would need it anyway.. if i have a warranty i MAKE SURE I use it...
Old 03-25-2011, 11:49 PM
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Convair580
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Originally Posted by SpryGeezer
I bought GMPP Major Guard from Fichtner, '07 Coupe, 84 months/56K/$200 deductible, about $1600.
mailto:dfichtner@fichtnerchevrolet.com
After hearing my '07 has 13 computers, that's what (& where)I did, and have been done with most electronically run things. I always have problems with them, especially computer run things.

Example: My laptop has had 3 hard drives in 14 months, plus cleaned up from what I could do. I would hav spent several hundred dollars over what I paid for the extended warrenty.

There are many pros and cons about this, you have to make the "comfortable" decision for yourself.

Good luck!!

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