sp330

I don't think your average CR subscriber drives an extremely unreliable and costly to repair car. Most drive Accord's and Camry's I would guess, in which case an extended warranty is a waste (as was proven in the survey you quoted).

But a warranty in the case of a high performance or high technology car usually makes sense.

In my experience it's been hit or miss. I didn't buy an extended warranty on my 2006 7 series which many refer to as one of the most unreliable cars on the road, and I had a wonderful 3 years with it. Zero problems. Just a shaky exhaust I fixed myself.

I bought a $3000 extended warranty on a 2009 S Class that so far has paid out $4500 in repairs and I still have a year left!

I will definitely get one with the Corvette. Rather not use it, don't want my car in the shop even if its covered!

sp330

Warranties are priced taking a loss into account (up to 60% I've heard). When you spread the risk over many warranties the reward is pretty good. Don't feel too bad.

Walt White Coupe

I don't think your average CR subscriber drives an extremely unreliable and costly to repair car.

So you are saying that our Corvette is first "extremely unreliable". And that a Chevy is more "costly" to repair than most other cars.

My 09 Vette and 2011 BMW have needed no repairs so far.

I think you would find that CR subscribers drive a wide variety of cars, like myself with the Vette and a BMW.

0CeYaBye

I can sell the NEW GM Extended Warranty plan in all 50 states, unlike GMPP that prohibits sales in certain states plus I have to do state letters and meet other criteria to sell in the other states. I have pretty much switched over to the New GM plan since it is on par for price and covers more items.

Dennis Fichtner
dfichtner@fichtnerchevrolet.com

Don't forget I also have the GM Tire & Wheel Plan available also.

Need a quote send me your VIN, exact miles and just for reference your state of residence.

Zymurgy

The GMEPP (Chevrolet Extended Protection Plan) provided by GM Financial can be sold to all 50 states by any GM dealer.

The GMPP plans (formerly offered by GMAC and now 100% owned by Ally) cannot be sold by out of state dealers in several states - California, Oregon, Washington, Kentucky, Maryland, Idaho and Florida.

For further explanation of GMPP vs GMEPP, see this post.

BigJoe

^^^ this is why the forum pays for itself.

Stingray Al

Under the GMPP plan the Magnetic Suspension is not covered


Is it covered under the GMEPP plan?

0CeYaBye

Your Confidence. Extended.
TWO LEVELS OF COVERAGE TO CHOOSE FROM:
SILVER
PLATINUM
©2013 General Motors. All rights reserved.
EW-SH-0245-13
ENGINE
Cylinder Head
Cylinder Block
Piston
Piston Rings and Pins
Crankshaft
Crankshaft Bearings
Connecting Rod Bearings
Timing Chain or Belt
Timing Gears/Sprockets
Rocker Arms and Shafts
Valves
Valve Springs
Valve Retainers
Valve Guides and Seats
Lifters
Oil Pump and Housing
Engine Assembly
Vibration Damper
Timing Cover
Engine Mount(s)
Valve Cover(s)
Oil Pan
Cylinder Head Gaskets
Front and Rear Main Seals
Guides
Tensioners
Rotary Housing
Camshaft
Camshaft Bearings
Camshaft Followers
Water Pump
Intake Manifold
Exhaust Manifold(s)
Cam Gear Bolt
Harmonic Balancer Bolt
Head Bolts
Pushrods
Seals and Gaskets
Connecting Rods
TRANSMISSION
Automatic or Manual
Transmission Case and All
Internally Lubricated Parts
Torque Converter
Flywheel/Flexplate
Vacuum Modulator
Control Unit
Transmission Cooler
Fluid Pan
Slave/Clutch Master Cylinders
Pilot Bearing
Throwout Bearing
Transmission Mount(s)
Accumulator
Accumulator Piston
Band
Bearing(s)
Bushing(s)
Center Support
Chain(s)
Check Ball(s)
Clutch Piston
Clutches (Automatic
Transmission Only)
Drum
Front Pump
Gears
Governor
Input/Output Shafts
Internal Detent Lever
Internal Linkage
Mainshaft
Manual Shift Valve
Parking Pawl
Planetary Gear Assembly
Pressure Regulator Valve
Reaction Carrier
Sealing Rings
Seals/Gaskets
Separator Plate
Servo
Shift Fork
Shift Rail
Selector Shaft
Solenoids
Sprag
Spring(s)
Stator/Overrun Clutch
Sun Gear
Sun Shell
Synchros/Collars
Valve Body
Stepper Motor
TRANSFER CASE
All Internally Lubricated Parts
Located Within the Transfer Case
Gear Set
Actuating Solenoid
Balance Shaft
Bearings
Band
Case
Center Support
Chain(s)
Clutches
Drum
Hub
Input/Output Shafts
Mainshaft
Rings/Supports/Retainers
Sealing Rings
Seals/Gaskets
Servo
Shift Fork
Selector Shaft
Sprag
Spring(s)
Synchros/Collars
DRIVE AXLE
All Internally Lubricated Parts
Located Within the Drive Axle
Drive Axle Case
Locking Hubs
Driveshaft(s)
Center Support Bearing
Universal Joints
CV Joints
Axle Shafts
Axle Bearings
4WD Actuator
Differential Cover
Axle Seals
Carrier
Bearings
Carrier Retaining Pin
Chain(s)
Clutches
CV Boots
Gear Set
Gasket/Sealer
Internal Selector Mechanism
Locking Rings
Pinion Bushing/Bearing
Pinion Seal
Pinion Shaft
Retainers
Ring and Pinion Gears
Side/Spider Gears
Seals and Gaskets
FUEL SYSTEM
Fuel Pump
Seals and Gaskets
HVAC
A/C Lines/Fittings/Hoses
Compressor Clutch/Pulley
A/C Compressor
Condenser
Cycling Switch
Evaporator
Expansion Valve
High/Low Pressure Switch
Idler Pulley/Bearing
Orifice Tube
PAG Oil and Refrigerant
Receiver Drier/Accumulator
Seals and Gaskets
COOLING SYSTEM
Water Pump
Seals and Gaskets
ELECTRICAL
Alternator/Generator
Voltage Regulator
Starter Motor
Starter Solenoid
Auxiliary Tank Switch
Blower Switch
Brake Lamp Switch
Clockspring
PCM/ECU
Convertible Top Motor
Crank Angle Sensor
Cruise Control Module,
Transducer, Servo,
and Amplifier
Electronic Instrument
Cluster/Display
Electronic Entry System
Electronic Ignition Module
Engine Compartment
Wiring Harness
Headlamp Switch
Headlamp Motor
Horn
Ignition Lock Cylinder
Ignition Switch
Knock Sensor
Manual HVAC
Control Head
Multifunction/Turn Signal Switch
O2 Sensor
Power Antenna
Power Door Locks
Power Door Lock Switch
Power Mirror Switch
Power Seat Switch
Power Window Switch
Rear Defogger/
Defroster Switch
Rear Wiper Motor
Timing Mixture Computer
Washer Pump
Washer Pump Switch
Window Motor
Wiper Motor
Ignition Coil
Door Lock Actuators
Distributor
Trailer Brake Wiring Harness
Exterior Cab Lighting
Auxiliary Power Supply Wiring
Power Seat Motor
OnStar
MyLink
Air Bags
Impact Sensors
Clocksprings
Safety Belts
Anchor Tensioner/Latch
Passenger Sensing System
Occupancy Sensors
Inflator Modules
Restraint Sensing Module
BRAKES/ABS
Brake/Vacuum Booster
Calipers
Compensating Valve
Hydroboost
Lines/Fittings
Master Cylinder
Wheel Cylinders
Accumulator
Dump Valve
ABS Control Module
Hydraulic Control Unit
Hydraulic Pump/Motor
Pressure Modulator Valve
Wheel Speed Sensors
Seals and Gaskets
STEERING
Center/Drag Link
Power Steering Pump/
Fluid Cooler
Gearbox
Idler Arm
Pitman Arm
Power Steering Hoses
Power Steering Pump
Rack and Pinion
Seals/Gaskets
Steering Shaft/Coupling
Shaft Bearings/Bushings
Steering Dampner
Steering Knuckle
Inner/Outer Tie Rods
Tilt Mechanism
Power Steering Assist Cylinder
Twin “I” Beam and Bushings
Steering Travel Stop
REAR STEERING
Rear Steering Shaft
and Couplings
Power Cylinder and Pump
Control Unit and Solenoid
Phase Control Unit
Stepper Motor
Control Valve
SUPERCHARGER/TURBOCHARGER
Factory-Installed Supercharger Housing and All Internally
Lubricated Parts
Factory-Installed Turbo- charger Housing and All Internally
Lubricated Parts
Seals/Gaskets
ENGINE
Balance Shaft and Bearings
Variable Valve Timing Actuator
Crankshaft Position Sensor
Crank Pulley
Dipstick/Tube
FUEL SYSTEM
Diesel Vacuum Pump
Fuel Damper
Fuel Distributor
Fuel Injection Pump
Fuel Lines/Fittings
Fuel Pressure Regulator
Fuel Pulsator
Fuel Tank
Fuel Injectors
Fuel Tank Sending Unit
Throttle Body
Vacuum Pump
TRANSMISSION
Lines/Fittings
Bellhousing
Dipstick and Tube
Extension Housing
Internal Switches
Parking Lock Actuator
Shift Cable
Shift Indicator
Shift Lever
Speed Sensor
COOLING SYSTEM
Fan Clutch
Coolant Recovery Tank
Fan Shroud
Idler Pulley/Belt Tensioner
Auxiliary Water Pump
Coolant Nipple
Coolant Pipe
Block Heater
Engine Oil Cooler
Fan
Fan Motor
Fan Motor Control Module
Heater Control Valve
Heater Core
Hot Water Valve
Radiator
Thermostat
Thermostat Housing
STEERING
Column
Kingpins/Bushings
Linkages
Fluid Reservoir
HVAC
Service Valve(s)
Aspirator Fan/Motor
Evaporator/Heater Core Case
DRIVE AXLE
Axle Shafts
Yoke
SUSPENSION
Actuator
Air Bags/Air Springs
Control Arm/Bushings
Height Sensor
Leaf Springs
Shackles
Load Assist Shocks
Upper/Lower Ball Joints
Spindle
Shocks
Struts
Panhard Bar
Radius Arm/Bushings
Stabilizer Bar/Bushings/Links
Strut Bearing Plate
Suspension Bumpers
Suspension Pump/Compressor
Torsion Bar/Bushings
Track Bar
Wheel Hub/Bearings
Coil Springs
Tension Struts
Trailing Arm/Bushings
Control Module
Lines/Fittings
Mode Switch
Rear Actuators
Variable Struts
TRANSFER CASE
Shift Control Motor
Stepper Motor
BRAKES/ABS
Backing Plates
Brake Fluid Reservoir
Caliper Pins/Slides
Emergency Brake
Rear Actuators
Electronic ABS Control Processor
Slack Adjusters
Vacuum Pump
Exciter Ring
Pressure Switch
SUPERCHARGER/TURBOCHARGER
Lines/Fittings
Wastegate/Pressure Relief Valve
INTERIOR/EXTERIOR
Door Handles
Door Latch
Door Locks
Gas Cylinders
Hood Latch/Cable
Linkages/Cables
Seat Frame/Track
Spare Tire Hoist Assembly
Trunk Latch
Wiper Linkage
Actuating Solenoid
Anti-theft System
Blower Motor
Blower Resistor
Camshaft Position Sensor
CD Player/Radio
Central Locking System
Chime Module
Cigarette Lighter
Clock
Contacts/Brushes
Coolant Level Sensor
Coolant Temperature Sensor
Curtain Motor
Dimmer Switch
Door Lock Relay
Door Locks
Door Opening/Closing Motor
Door Jamb Switch
Driver Information Module
Battery Parallel Switch
Electronic Ignition System
Electronic Level System
Engagement Switch
Exciter Ring
Fuse Box
Gauges
Horn Button
Horn Switch
IAC Motor
Igniter
Interior Light Assembly
Limiter Valve Sensor
MAF Sensor
MAP Sensor
Manual Switch
Mode Switch
Neutral Safety Switch
Oil Level Sensor
Oil Pressure Sending Unit
Parallel Switch
Pigtails
Power Door Motor
Printed Circuit Board
Rear Compartment Motor
Rectifier Bridge
Relays
Resistor Block
Reverse Light Switch
Seat Heater
Solenoids
Speedometer Head
Stepper Motor
Sunroof Switch
Temperature Gauge
Thermal Vacuum Switch
Throttle Position Sensor
Tonneau Cover Motor
Trip/Mileage Computer
Vehicle Speed Sensor
Window Heating Element
Window Regulator
Wiper Delay Module
Wiper Switch
Wiring Harness
Rear Defogger Switch
ELECTRICAL
Platinum Coverage includes all parts listed in Silver Coverage and many other parts, except for those items listed in the Exclusion section of the Contract.

Here is a list of covered items and it plainly states shocks are covered, and if it states covered in this it is covered, this is from a desk mat they gave me to show customers.

mtnsapo

the platinum plan is the type of plan where if is is NOT excluded, it is included, here is the contract:

PLATINUM EXCLUSION LIST
The Platinum Plan does not cover any of the following:
A. For any of the following parts: carburetor; battery and battery cable/harness (unless listed as specific covered parts); standard transmission clutch assembly; friction clutch disc, and pressure plate; distributor cap and rotor; glass; lenses; sealed beams; light bulbs; fuses; circuit breakers; cellular phones; game centers; AM/FM radio/cassette/CD players exceeding $3,000 repair or replacement cost; speakers; audio/video equipment; any pixel damage on display screens; electronic transmitting/receiving devices; remote control consoles; radar detection devices; brake rotors and drums; all exhaust components; and the following emission components: EGR purge valve/solenoids/sensors; vacuum canister; vapor return canister; vapor return lines/valves; air pump/lines/valves; catalytic converter/filtering/sensors; emission vapor sensors; gas cap/filler neck; weather strips; trim; moldings, bright metal chrome; upholstery and carpet; paint; outside ornamentation; bumpers; body sheet metal and panels; frame and structural body parts; vinyl and convertible tops; any convertible top assemblies; hardware or linkages; tires; wheels/rims. External nuts, bolts, and fasteners are not covered except where required in conjunction with a covered repair.
B. For maintenance services and parts described in your vehicle's owner's manual as supplied by the manufacturer and other normal maintenance services and parts, which include, but are not limited to: alignments, adjustments, wheel balancing, tune-ups, spark plugs, spark plug wires, glow plugs, hoses, drive belts, brake pads, brake linings/shoes, and wiper blades. Filters, lubricants, coolants, fluids, and refrigerants will be covered only if replacement is required in connection with a breakdown.
C. For any damage and/or breakdown resulting from collision, road hazard, fire, theft, vandalism, riot, acts of terrorism, explosion, lightning, earthquake, freezing, rust or corrosion, windstorm, hail, water or flood, acts of God, salt, environmental damage, chemicals, contamination of fluids, fuels, coolants, or lubricants.
D. For any breakdown caused by misuse, abuse, negligence, lack of normal maintenance required by the manufacturer's maintenance schedule for your vehicle, or improper servicing or repairs subsequent to purchase. For any breakdown caused by sludge buildup resulting from your failure to perform recommended maintenance services, or failure to maintain proper levels of lubricants and/or coolants, or breakdowns caused by fuels containing more than 10% Ethanol (if the engine was not manufactured for this fuel mixture), or failure to protect your vehicle from further damage when a breakdown has occurred or failure to have your vehicle towed to the service facility when continued operation may result in further damage. Continued operation includes your failure to observe warning lights, gauges, or any other signs of overheating or component failure, such as, fluid leakage, slipping, knocking, or smoking, and not protecting your vehicle by continuing to drive, creating damage beyond the initial failure.
E. For any repair or replacement of any covered part if a breakdown has not occurred. Any part that a repair facility or manufacturer recommends or requires that it be replaced or repaired or is an update, and is not a breakdown, is your responsibility and expense.
F. If any alterations have been made to your vehicle or you are using or have used your vehicle in a manner not recommended by the manufacturer, including but not limited to the failure of any custom or add-on part, all frame or suspension modifications, lift kits, any tire that is not recommended by the original manufacturer if it creates an odometer/speedometer variance of greater than 4%, and trailer hitches. Also not covered are any emissions and/or exhaust systems modifications, engine modifications, transmission modifications, and/or drive axle modifications, which includes any performance modifications.
G. If, while owned by you, your odometer has ceased to operate and odometer repairs have not been made immediately, or the odometer has been altered in any way subsequent to purchase of the contract. H. If your vehicle has ever been a total loss, salvaged, rebuilt, or is a gray market vehicle.
I. For any liability for property damage, or for injury to or death of any person arising out of the operation, maintenance, or use of your vehicle described in the contract, whether or not related to the parts covered. For loss of use, time, profit, inconvenience, or any other consequential loss, including any consequential damage to a non-covered part that results from a breakdown.
J. For any breakdown where the manufacturer is responsible for the repair or if the breakdown is covered by a repairer's guarantee/warranty (regardless of manufacturer's or repairer's ability to pay for such repairs).
K. If your vehicle is used for towing (unless your vehicle is equipped with a factory-installed or factory-authorized tow package), or is used as a commercial unit (unless appropriate surcharge is marked on Registration Page and only as defined under "Definitions," "Commercial Use"), or is used for rental, taxi, limousine, or shuttle, towing/wrecker service, dumping (dump beds), cherry pickers, lifting or hoisting, police or emergency service, principally off-road use, prearranged or organized racing, or competitive driving.
L. For any pre-existing condition or for any breakdown occurring before coverage takes effect or prior to the contract purchase date, or if the information provided by you or the repair facility cannot be verified as accurate or is found to be deceptively inaccurate.
M. For breakdowns that occur and/or repairs made outside of the United States of America and Canada.
N. For diagnostic and/or teardown procedures that are not listed, or are in excess of the times listed in the current year's national flat rate hourly guide in conjunction with a covered repair.
O. Repair or replacement of components that are recommended or required solely by the enactment of any local, state, or federal law; rule or regulation. Repair or replacement of components recommended or required solely by a manufacturer's technical bulletin or manufacturer's update when no failure occurred.
P. Non-mechanical, non-electrical, non-pneumatic or non-hydraulic components; audio speakers; batteries; water and wind/air leaks; bumpers; cables; chassis; clamps; fasteners.
1. Convertible tops and their mechanisms, exhaust/EGR system, air pump and catalytic converter, PCV system, fuel vapor recovery system, gasoline fuel injectors that do not have an electrical failure, glass, hoses, lines and fitting
2. Mirrors

Corgidog1

You lost me on that--If a warranty is priced to take up to a 60% loss as you indicated how does spreading the risk over many warranties miigate that if all warranties are priced with a loss??

Walt White Coupe

Now there's a good business model.

smajicek

I purchased the GM Major Guard 7 year or 70,000 0 deductible paid $1,800 I sleep better at night knowing I have this

wgood

MIne is 7 year / 50 k miles since I normally drive about (4k a year based on by previous C 5 ) from the dealer Hendrick Chevrolet !!! Bumper to bumper no deductible and work done by accredited service techs !!!! Cost 1500.00 !!! Wayne

DanTheFireman

I usually buy extended warranties, that's the only way I can be sure it won't break - haven't used one yet. We should have skipped the non-transferable one on the wife's Mini vert that she totaled.

Walt White Coupe

That makes a lot of sense. At least you are honest enough to say they haven't worked out for you. Usually the only people that comment on these threads are the people who successfully used them even though they are the minority of purchasers.

gregd

The people selling the policies are doing so to make a profit. That suggests that from a purely statistical standpoint the price of a policy exceeds the average cost of covered repairs under any given policy.

In the final analysis it depends on whether you consider yourself lucky. My general feeling is that if you can self insure yourself for major repairs don't get the coverage - Put the money aside instead and hope for the best.

I'm not getting it.

fsvoboda

Remember, the price you pay for such a warranty is negotiable. You don't have to buy it from the dealer you buy your car from.

Usually you can buy it at any time within a certain period--often the first year of ownership--and get the same coverage as if you bought it on the day you ordered your car.

Don't buy third party warrantees. (They are notorious for finding reasons not to pay, according to my friendly mechanics.) Get only a manufacturer's extended warranty.

Look carefully at the factory warranty. Its coverage may be all that you need depending on how you'll use/how long you'll keep your car.

Race_Banon

It's insurance like health insurance. Yes, often I'm never going to use it but it will save me money when something does go horribly wrong. I haven't had to use my car insurance for over 10 years but I still have it. It's called risk management...you spend a little up front to avoid paying a lot later.

wgood

I think they make sense on models that just come to market !!! The last one I bought was for my 1990 Chevrolet Lumina in July 1989 and I used that extended warranty !!! Wayne

Houston123

This is my first Corvette and considering to buy the extended warranty. I bought a used 2004 SL55 AMG with 24k miles, purchased an extended warranty for $4500 with $250 deductable. I kept the car for 3.5 years and drove additional 45K miles. I claimed over $16K in repairs during that period. Having said that, I think it mainly depends on how generally dependable the car is and most importantly how expensive to repair. The rest is luck....

I bet the previous Corvette owners here have much better ideas about these two important points to help make a decision...For now, I am reading the forum