Extended Warranty.....Yay or Nay?

[Miami-Dade]

Not sure I'd bite on that for 5/60. I'd want six years minimum and more miles (72K ?) if your use would need it.

My A/C Condenser went belly up at 82K miles. Thank heavens GM covered the entire cost. Had it repaired the following day after it went belly up.

I vote yes for a extended warranty. The extended warranty should be till 100K miles or slightly more.

With that said never had a extended warranty on any vehicle I bought but there are so may things that can go wrong with ANY vehicle on the market today.

 

[OR VietVet]

The devil is in the details. BEFORE purchasing the extended warranty read the very fine print and pay particular attention to the exceptions. You may find that there are multiple exceptions resulting in non-covered items.

There is absolutely no doubt you will find exceptions that will surprise if you take the time to actually read the contract. The salesman likely said it covers 'everything" and then you find out it doesn't. Plus you will find out that any teardown to find problem or diagnostics will not be covered if the problem is a non covered item or you will find out that only a % of the teardown and diagnostics are covered if the component is a covered item.

I cannot say it enough. I don't trust extended warranties.

 

[fozzi58]

You have to look at extended warranties like an insurance policy. You may not use it but its there if you need it. I haven't had an accident in the last 15 years but I would still maintain auto insurance, even if it wasn't a requirement. I was under-insured on my home for many years and we decided to cough up another $400 a year on our homeowners - just in case - because the cost to rebuild the home is way higher now than it was when we first bought the home.

 

[mike singleton]

So I just picked up a 2019 Yukon SLT. It was a GM corporate car from Michigan. It has 22,980 mile on it. The car fax was good, it had all the service done at a dealership in MI, oil change rotate etc...

So I am contemplating an extended warranty. I can get a 5 year 60,000 mile for $1745. That would take me to 62,980 miles. I am not sure if it is a good deal or not. They say that extended warranties are the biggest wast of money.....until you need them. With all the computers and modules on this truck if anything goes out it could be costly.

So do any of you have an extended warranty? Has it paid for itself? I know that the power train is up to 60,000 miles that would cover anything engine or trans, but what about everything else.

Just wondering what your thought are.

Thanks,

Our last 2019 Yukon Denali Ultimate, we went with 6yr 100,000 full warranty and we always have on our other vehicles. IE 2011 Chevrolet Suburban and 2004 Yukon Denali - They have always paid for themselves. With all the fancy electronics especially on the new 2019 Yukon XL Denali, I think that it was a no brainer. Good luck.

 

[mike singleton]

So I just picked up a 2019 Yukon SLT. It was a GM corporate car from Michigan. It has 22,980 mile on it. The car fax was good, it had all the service done at a dealership in MI, oil change rotate etc...

So I am contemplating an extended warranty. I can get a 5 year 60,000 mile for $1745. That would take me to 62,980 miles. I am not sure if it is a good deal or not. They say that extended warranties are the biggest wast of money.....until you need them. With all the computers and modules on this truck if anything goes out it could be costly.

So do any of you have an extended warranty? Has it paid for itself? I know that the power train is up to 60,000 miles that would cover anything engine or trans, but what about everything else.

Just wondering what your thought are.

Thanks,

Just wait and see where at somewhere between 70K - 100K, the Blend door actuators for the Auto Temp Zone controls fail and they tell you how much it costs to pull out the whole dash, the air bag in order to replace 3 blend door actuator controls...! OUch. Our 2011 Suburban had the trans Torque converter fail and that was expensive (covered).

 

[petethepug]

The cost of that warranty is EASILY the cost of just one visit and repair, period.

There have been some updates to laws in some states. CA is one of the best states to have a warranty or service contract. They pretty much set the standards for all other States.


https://www.meenanlawfirm.com/12-states-amend-vehicle-service-contract-laws-in-2019/

What others have said in favor of as well as coverage of bags & compressor and seals. The really expensive $15 seals that cost $1,000 to replace. The mains on the motor, trans and diff’s will make you sick at how much it costs to stop a drop.

A/C repairs will also pay for themselves. Lastly when it comes time to sell or trade in the warranty the cost of that warranty or S/C will come back to you 2 or 3x. When trading in our 06 Denali XL in early 08 the GMPP rewarded us w/ $30K w/ 40 clicks on the clock. We paid $40k for it as a former “Test Drive for the Weekend” vehicle w/ 8K on the clock.

Never had one issue w/ the 06 Denali except that depreciation hit all big SUV that year. In Cali during 09 you could get an 06 Escalade for $9,999 or less as the new body style came out.

Pay it forward. All three cars I’ve had the warranty on had paid it back at sale of the car or paid more than the car was worth.


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[2017Tahoe757]

I'm going to say get the extended warranty and this is why. I have a 2017 Tahoe. Had 50 miles on it when I get it in 2017. Base on my 2004 Trailblazer and the fact that I've had very little real trouble with it, I got yhr warrant on the drive train only. I've had oil issues, in the for the shop of 6 weeks, they replaced the engine last year in the shop for another 6 months. 2020, it's in the shop for the ac in March. I got the extended warranty on the drive train but figure i could do the rest of the work. They charged me $750 in March to fix the AC and now want to charge another $1100 a month later to fix the AC again since it stop working about 30 days later. An extended warranty would had paid for itself 3 times over had I got the full extended warranty. I'm now looking for a good AC Condenser so I can fix the AC.

 

[Miami-Dade]

I'm going to say get the extended warranty and this is why. I have a 2017 Tahoe. Had 50 miles on it when I get it in 2017. Base on my 2004 Trailblazer and the fact that I've had very little real trouble with it, I got yhr warrant on the drive train only. I've had oil issues, in the for the shop of 6 weeks, they replaced the engine last year in the shop for another 6 months. 2020, it's in the shop for the ac in March. I got the extended warranty on the drive train but figure i could do the rest of the work. They charged me $750 in March to fix the AC and now want to charge another $1100 a month later to fix the AC again since it stop working about 30 days later. An extended warranty would had paid for itself 3 times over had I got the full extended warranty. I'm now looking for a good AC Condenser so I can fix the AC.

Out of curiosity what was the a/c issue the first time?

 

[sickk23]

I have a 18 suburban with 76k miles that's became a money pit. I wish I had an extended warranty so I vote yes.

 

[OR VietVet]

I just keep hearing comments that make me glad to own my 2002 NBS.

 

[PG01]

I just keep hearing comments that make me glad to own my 2002 NBS.

Tbh i used to hear all the horror stories of the 07+ then about the 15+ and ron, ive owned them from the k5 era up to the k2’s and believe me when i tell you they have gotten better and better. I still have my ‘13 hoe and the ‘19 xl Yuk is just like butter... I wish i still had the ‘99 and the ‘01, along with the 13 and 19 but my wife would flip ...

 

[OR VietVet]

No doubt that the newer models are quality and there is always a lemon or two in the bunch. My NBS is easier to work on and parts less $ and gobs of info out there about them and man I got to tel you, just like another member here said, the NBS is just more comfortable to sit in.

 

[PG01]

True, a very comfortable seat in the nbs but the nnbs is pretty cushy... k2.... meh ... i can deal

 

[GTNator]

Yes, all this, @PNW VietVet, exactly what ron said.

that being said I bought it for my 19 yuk just because....

Yup, depends on how much piece of mind is worth it.


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[Flydex]

IMO, never ever ever get an extended warranty. The odds are always in their favor. I have told people many times that instead, they should start a savings that you put money in every week for the vehicle. There is ongoing maintenance and eventually repairs. Better to take the money from there for the rig. Money ahead in the long run. Unless you are the sort that cannot be counted on to save money back for that. I used to run shops and call in about extended warranties and had to deal with the extended warranty people that were ALWAYS looking for a way to not pay. Also, find a great quality shop, if you don't do the work yourself, that you trust and they can do non warranty work. Others here will chime in about having them and how they paid for themselves but the MAJORITY of the time, they do not. Plus, if you roll the $1745 in to the payments then you are paying interest on that money as well.

I paid $2,000 for my extended warranty on my ‘15 LTZ. It paid for itself within a month when the front Magneride’s went out. Then the rear TV needed replacing when the screen stopped working. Those two repairs paid for the warranty in full. Now I’m getting “free” repairs for another 2 years or until 136,000 miles. It was a good deal for me. “Never” is an absolute and we don’t deal in those.

 

[George B]

The extended warranty I was offered on my 65,000 mile 2013 Suburban was only for powertrain and cost $2,000.00 over the life of my loan. I passed on that. I wish it would have been more inclusive. Looking at a front axle rebuild now and if covered it would have paid for itself at the dealership.

 

[petethepug]

Depreciation is going to suck these trucks into a black hole soon. The I-6 turbo diesel Yukon, Burb’s, Tahoe & Poss Escalades are coming. Full electrics are on the way too.

If you don’t have a service contract or warranty to pass on the the new buyer, it’s really going to hurt at trade in or private party fsbo time.


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[sickk23]

Eh that's what people say every new generation but nothing ever happens. These things already suffer from depreciation because they're wildly overpriced. Selling them down the road will be no issue because people always want these status symbols, regardless of newer improved ones being on the new lots.

 

[BG1988]

So I just picked up a 2019 Yukon SLT. It was a GM corporate car from Michigan. It has 22,980 mile on it. The car fax was good, it had all the service done at a dealership in MI, oil change rotate etc...

So I am contemplating an extended warranty. I can get a 5 year 60,000 mile for $1745. That would take me to 62,980 miles. I am not sure if it is a good deal or not. They say that extended warranties are the biggest wast of money.....until you need them. With all the computers and modules on this truck if anything goes out it could be costly.

So do any of you have an extended warranty? Has it paid for itself? I know that the power train is up to 60,000 miles that would cover anything engine or trans, but what about everything else.

Just wondering what your thought are.

Thanks,

i saved my money 2k banked for repairs in the last year i only spent $489 on a couple of sensors and brake job in 14,143 miles..

 

[sickk23]

i saved my money 2k banked for repairs in the last year i only spent $489 on a couple of sensors and brake job in 14,143 miles..

Glad its working for you. I'm at $5,800 out of pocket and I've used a reliable cheaper mechanic to save money. Thank you shocks, transmission, ac, and other stuff.