Who Bought Extended Warranty?

[AMA1295]

Hey Folks, new member here just picked-up my 2021 HC Duramax 2 days ago. I'm curious how many people bought the GM extended warranty and, if you are willing to disclose, how much you paid for it?

Thanks!

 

[AMA1295]

Hey Folks, new member here just picked-up my 2021 HC Duramax 2 days ago. I'm curious how many people bought the GM extended warranty and, if you are willing to disclose, how much you paid for it?

Thanks!

Oops meant to post this in General, trying to see if I can move it.... sorry!

 

[OR VietVet]

I vote for never buy the extended warranty or service contract, if they call it that. I think of it as an "Instead Of" warranty. You have a bumper to bumper initially. If you absolutely just have to buy those damn things, do it after the bumper to bumper runs out.

Or do what you please and tell me to shut up. Either way, I am good with it.

 

[Holy Roller]

Speaking personally, I’m a low risk kind of guy. So I always buy the manufacturer’s extended warranty. Over my entire ownership experience, sometimes I lose on the deal - and sometimes I win. Overall I probably break even from a financial perspective. But I always gain in peace of mind.

My Cadillac DTS was covered by GMPP for eight years. In that time I only had two minor warranty repairs. A faulty seatbelt retractor and an irregular brake pedal switch. GM certainly got the best of me on that one. But it’s a Northstar and I was buying peace of mind.

On my Cruze, it still has more than a year to go of a total nine years GMPP. On that one I’ve easily come out the winner. With at least a dozen warranty repairs. Including a navigation system and an entire transmission.

 

[Yukon21Denali]

I'm in the camp of buying GMPP. I have it on my vette for 10 years that just ran out of 3 yr factory warranty. IMO it's like an insurance policy, most loose money in it for peace of mind
I do plan to keep this Yukon Denali long term.

 

[TollKeeper]

When available, I always buy them.

I paid 1400 for the one on my Aztek. They paid nearly 6000 in repairs

I paid 2200 for the one on my Envoy. They paid nearly 11000 in repairs

Wasnt able to get one for my Esky. But I didnt try on it either.

 

[Gibby13]

We paid too much for the extended warranty on our '15 Suburban, around 4 or 5k, but they paid out close to 10k in repairs including brake pump, A/C condenser, transmission and a few other things. We got $1700 back when we traded it in.

We paid $1700 for the one for the '21 Denali. Dealer was supposed to match the offer I had from Penfed which sells an extended warranty for only $995, however they got me a lower interest rate which more than made up for the higher warranty cost.

 

[91RS]

I vote for never buy the extended warranty or service contract, if they call it that. I think of it as an "Instead Of" warranty. You have a bumper to bumper initially. If you absolutely just have to buy those damn things, do it after the bumper to bumper runs out.

Or do what you please and tell me to shut up. Either way, I am good with it.

It is a common misconception that if you buy an extended warranty on a brand new vehicle that it runs alongside the factory warranty which isn't true unless the company is a crappy one you don't want a warranty from anyway. Any quality extended warranty will start after the bumper-to-bumper expires. I used to be in the camp of extended warranties are a waste of money but I now think it is suicide not to buy one with how expensive these newer trucks are to repair unless you get rid of the vehicle as soon as the warranty expires which is a bigger waste of money.

 

[Big Mama]

With the price of new parts these days and some folks not doing their own repairs it’s probably a good thought. Heck, what’s another $1500 on top of the $70-$80k for the rig.

 

[Stbentoak]

It is a common misconception that if you buy an extended warranty on a brand new vehicle that it runs alongside the factory warranty which isn't true unless the company is a crappy one you don't want a warranty from anyway. Any quality extended warranty will start after the bumper-to-bumper expires. I used to be in the camp of extended warranties are a waste of money but I now think it is suicide not to buy one with how expensive these newer trucks are to repair unless you get rid of the vehicle as soon as the warranty expires which is a bigger waste of money.

Yes, but here’s the catch on that, if you buy an extended warranty when the vehicle is new, the price is much less than if you shop for it at the end of your 3/36. Practically all vehicle extended warranties run concurrently. Doesn’t mean you can’t buy them at the end of the factory warranty, but you’ll pay more.
I bought a 6/72 comprehensive policy from Zürich. I also called them and gave them a list of specific parts that I know could be problematic on this vehicle that are diesel related, and they confirmed to me that those parts are covered. That’s enough in my mind to make me think it was worth the money, let alone other things that could go wrong that will be covered also.
One thing I have noticed about these policies is they used to go out eight years plus, but the longest I could buy on my vehicle was 6/72....

 

[Gibby13]

Also for every extended warranty we have purchased we have got at least $750 back when we got rid of the vehicle from canceling the remainder of the warranty.

 

[Shrubs2K2]

I'm a believer in extended warranties as I keep my vehicles for a long time and they've always worked out in my favor. The RAM was the exception as I couldn't pass up the cash offer. When I sold my '19 RAM, I got back just over $2.2K from FCA and rolled that into the extended warranty of the Yukon.

 

[shock]

I just pulled the trigger on GMEPP Platinum $0 deductible for my 2019 Tahoe and my 2019 Silverado 3500 DMAX.

As said above, they are useless until the b2b runs out, but of course that affects the cost. You can do the math on how many months/estimated miles you’re getting beyond b2b.

I pulled the trigger now for a couple reasons. I don’t think the cost has increased yet to reflect the covid inflation. I bought from Knapp online (google it). They offer a 0% payment plan, but beware if you call them they’ll give you $200 off for paying in full (I’d call that $200 interest on the payment plan, personally).

The term on GMEPP represents “from today” regarding mileage and months. For example, my Tahoe has about 11,000 miles on the odo. That means with an 84/56k plan, I’m covered 7 years from today or 67k miles on the odo. Again, it pays nothing the next 12 months while still under b2b.

Knapp says prices are going up June 3rd. Not sure if that’s true but I wouldn’t be surprised. I’ve also been told by a finance guy that extended warranty quotes tend to jump every 12k on your odometer.

As far as what I paid (AFTER $200 discount for paying in full), both plans 84/56K Platinum $0 deductible...

2019 Tahoe LT Z71, 11k miles $1,654
2019 3500HD LTZ Duramax, 3k miles $1,849

If you’re still under b2b warranty you can get a quote on their site. The numbers don’t reflect the $200 discount for paying in full.

I’m usually against service contracts on most things, but I was already on the fence since these complicated new cars can get very pricey to fix.

Keep in mind too that these are typically transferable if you sell (giving buyer confidence) or partially refunded if you trade-in.

 

[Yukon21Denali]

GMPP has 1 month or 1000mi policy activation wait time so best is to get close to 3/36 bumper expiration time...keeping the activation wait period in mind.

 

[tom3]

One thing I've read is that the GM warranty is specific about covering only factory defects. If the transmission starts slipping at 55k miles, is that a defect or normal wear and tear from abuse or towing? Who wins that argument?

 

[tom3]

And the Chevrolet extension GMEPP is only available for two years?

 

[Fireman591]

GM gave us a 5 year 75,000 mile $0 deductible warranty a few months after we bought it since our vehicle was in the dealership service bay for 31 days getting the fuel system repaired after 616 miles. I think they thought it would stop us from taking GM to court under our states lemon law. GM was wrong LOL. Between the bad lifters and bad springs during our engine build date it is just a matter of time before our engine self destructs. Crossing my fingers we can get out of this lemon before it leaves us stranded.

 

[Stbentoak]

One thing I've read is that the GM warranty is specific about covering only factory defects. If the transmission starts slipping at 55k miles, is that a defect or normal wear and tear from abuse or towing? Who wins that argument?

Another thing my dealer said was with GMEPP you only get 2 extra years and it was the same price as the plan as the plan I bought that gives me 3 extra years and 12k more miles. I would have preferred 8/100 if it was available, but they won't go out that far any more...
If its doing well, I usually keep them at least 6-8 years...Its the only way you can begin to justify the costs of vehicle and warranty....

 

[abearsfan]

I paid $2046 for the 100K platinum w/$100 deductible and for the maintenance plan I get a service every 5k miles for whatever is listed in the owner's manual up to 60k which I paid $1820

 

[WTSHARK]

I had never considered the extended or "add on" warranty on any vehicle (or any other item I ever purchased). But.. when I bought my 2015 Yukon XL in 2015 and went from driving a 93 C3500 to the Yukon, the changes in the technology were truly night and Venus. Considering the factory bumper to bumper was 5 years and the extended was 8, I figured since it covered all of the electronics (and there are a LOT of electronics) and the mechanical, it was only about 1000 bucks. It was worth it. It's nice to have the peace of mind. Knowing (even now) that if I have an issue (such as last year my left brake light went out) I can call the dealer, drop the extended warranty and it's covered. We know the extended warranty doesn't cover paint, but what does? I still have another two years left on it, I suppose you could extend the warranty at the end, for a cost previously mentioned here, but it added three years of coverage and a number of miles, though I'll never max those out as my truck has 15,600 miles on it after 6 six years and it was more about the time frame. It was worth it.
I see there have been mechanical issues covered, and I figured the extra thousand bucks was worth that for the extra three years and covering all of the electrical stuff that can fail on these things, from screens to ignition and having those brake lights covered (which may have been just inside the factory warranty) but it may not have and when I took it to the dealer and they saw the extended warranty, they went ahead and replaced both rear brake lights, as they knew the left may develop the same problem as well.
I guess it comes down to your value and opinion, the extra three years for the extended 8 above the factory 5 is cheaper than dropping thousands for something small at 5 years and 3 months. Like any insurance, it feels like a "waste" of money until you need it.