wildbadbill

for 4 year,100k new car coverage on my 2008 (even thought I have 51k miles on the clock).Paid $3100 in istallements.I have 1 month for money back,just wondering if it's a good deal.It's been a while since I had a full warranty.
Thanks guys.

Dave Tracy

It would depend on who the warranty is through. Some of the warranties have so many exclusions that they are not too good.

GOLD72

Must not be a GMPP as those can only be purchased while still under the factory GM 36/36 bumper to bumper coverage.

LPT2011

Not True - I got a GMPP on my '07 last summer. Cost depends on miles and months of coverage. I got 3 yrs / 30K miles (on top of my27,500 miles on it) for somewhere around $1,600. I still had the factory 5yr powertrain warranty.

Vivid1

3100?

ouch.

Vette5.5

Since you have 1 month for a full refund, I'd do some pretty quick checking. First, would be finding who the carrier really is. Even more important, is show the policy to the shops you're intending to use for service, and see if they'll accept it. If not, you basically have a worthless piece of paper, and try to get as much money back as possible. Suspect you bought the warranty at a dealer, so probably good there, and maybe something you can live with. Still be thinking about that $3100 bucks though, as got a 6 year GMPP from Fichtner for my ZO6 while still eligible, for $1200 bucks.

GOLD72

The reason you were able to buy a GMPP is that you had less than 36k miles "(on top of my27,500 miles)" and your 07 must have a very late ISD (in service date) making your car in service less than 36 months. There were hundreds if not thousands of 07s that went unsold for well over a year after 07 production stopped as GM went crazy and built around 41k units. An unexpired power train warranty doesn't make you eligible to buy a GMPP. Its an unexpired 36/36 bumper to bumper warranty that counts. Your 07 likely has an ISD of summer 2008 or even later in that calendar year which would still make you eligible. I have a colleague in the office that bought an unsold new 07 AO vert in the Fall of 2008.

yeller z06

Do you expect your car to have more than $3100 of needed repairs? Does it truly cover everything? All warranties have exclusions, deductibles, etc. Yes, all of them.

Consider that whoever sold you the warranty is making a profit on it and the "insurance" company is making a profit on it, how much is it really worth? And are you sure that the company backing the warranty will be in business for four more years?

Get your money back while you can.

wildbadbill

thanks for all the input guys.
Will drop by the dealer near house this weekend and discuss it.
I paid 450 down,and itt's refundable.I.m planning to wait 2 wks (if dealer is fine with it) and offer them new deal for 2k or I'm out.It's always harder to loose allready signed up account for them...will see

Capt Van

Call Dennis Fichtner, they are forum supporters and he can steer you straight. I have bought a bunch of GMPP from him.
406 628 4618

Larry/car

I looked at all the warranty programs and decided to self warranty. I don't expect the car to need much maintenance in the near future. My 2004 Colorado truck went 100,000 miles with only tire changes (3), one headlight, one tail light bulb, oil changes every DIC notification (15,000 miles). At 100,000 miles I replaced the spark plugs, tires, and mass flow sensor. Way under $3,000 including the tires which are not covered under extended warranty programs anyway.

Wayne O

With very rare exception I'm not a believer in aftermarket 'warranties.' Some people, irrespective of cost, just want the peace of mind of having the insurance protection (which is fine) but aftermarket 'warranties' are almost universally regarded as a bad investment. I've never bought one for a car. Also, I tend to think you bought a service contract and not a warranty per se. I'm no expert but from what I've read here in the forum $3,100 seems considerably higher than most. Dennis Fichtner is often mentioned as a good, honest source for aftermarket service contracts. I'd contact him ASAP and get his opinion. Good luck!

Vette5.5

I've dealt with Dennis several times, well as others I know, but he really can't help here, as "bills" car is at 51K mi. Dennis's GMPP's are only for cars in the first 36mo/36Kmi, and Warranty One, for the first 48mo/48Kmi. Anyway "bills" doing a little more checking into what he's got, for a final decision. Maybe another thing to check. Had an aftermarket warranty on a used daily car. When the tranny went, would only pay for a good used tranny, than the cost of a proper rebuild. Ended up eating $500 bucks on that one.

GOLD72

Five (5) GMPPs bought from Dennis so far. Dennis is the Man!!

vettro

Mistake - get your $$$ back ASAP... Don't hesitate, don't think about it, don't check pricing around and waste time, you got screwed get your money back AT ONCE ...!!!

FortMorganAl

Simple question - you REALLY expect to need more than $3,100 in repairs in the next 4 years? Or even $2K? Most people will have only a few hundred in repairs that would be covered. You are REALLY that hard on your cars?

Companies sell these to people who don't change oil and STILL pay out less than they take in. The vast majority will never collect a fraction of what the policy costs. Yes, they might give some people piece of mind but it is very expensive piece of mind. Put $3100 in the bank (or better yet, buy some shares of a mutual fund) and you will always have plenty of money to pay for the occasional needed repair.

vettro

If these are being sold, then you can guarantee that 80% of the time - the seller of the policy and insurer, backer of the policy, - is making out - not you ...

If it wasn't a $$$ making insurance proposition it wouldn't be sold. They aren't selling policies because they are looking out for your best interest, wake up people...!!!

speedraider

2 here