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Some Good GMEPP Extended Warranty Info


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Thanks for your email and for the opportunity to earn your business.

Please find below more information on the GM Divisional Protection Plans (GMEPP), pricing, and what we need to put a policy in place.

Differences between GMPP and the new Chevrolet Protection Plan:

GMPP is a product of Ally Bank

GMC Protection Plan (GMEPP) is a product of General Motors

GMC Protection Plan (GMEPP) offers the same coverage as GMPP with these additional benefits:

1) A higher rental car reimbursement rate of $40/day

2) A higher towing reimbursement rate of $150/occurrence

3) Trip interruption coverage of $200/day

4) Reimbursement of up to $35 for locksmith services

5) Coverage for ride control suspension

RECOMMENDATION:
I would purchase a policy when you take delivery. I expect an increase soon in pricing.

The GMEPP considers a car/truck new for 36 months. The powertrain warranty is being cut back on 2016 models.

The prices will increase dramatically based on this change in warranty and the price will affect all vehicles within the 36 month base warranty!

Further, prices increase annually and also increase as you accumulate mileage.

GMC Protection Plan

CUSTOMER BENEFITS

Chevrolet, Buick, GMC and Cadillac Extended Protection offer superior coverage that meets or exceeds the industry’s best products.

Customers enjoy the peace of mind that vehicles may be serviced at any Chevrolet, Buick, GMC or Cadillac Dealership nationwide, by factory trained certified service technicians, utilizing genuine GM/OEM parts (as applicable).

With the One Time Deductible Guarantee, the Customer will pay a deductible one time on the same covered part for the term of the contract.

 

PROTECTION PLANS

 

Plans/Coverage

Available Platinum Coverage - Virtually the entire vehicle (see section “Exclusions” in the Protection Plan contract for non-covered items)

 

Deductibles Two Deductible Options: Visit: $0 and $100

 

Rental Car Provides reimbursement up to $40 per day / $280 per occurrence for rental car or substitute transportation expenses on covered repairs. The maximum dollar limit allowed for each repair visit will be increased to a maximum of $400 if the covered repairs are delayed because of parts delay.

 

Alternate Shuttle transportation for covered repairs under Platinum and Silver Protection Plans will be Transportation reimbursed at a rate of up to $7.50 each way/$15 maximum per day on covered repairs.

 

Towing Road Service Provides reimbursement up to $150 for towing and road service expenses.

 

Trip Interruption Provides reimbursement up to $200 per day for receipted hotel and restaurant expenses for up to 4 days when covered Breakdowns occur more than 100 miles from the Contract Holder’s residence and result in repair facility keeping the vehicle overnight.

 

Lost Key/ Lockout Provides reimbursement up to $35 for locksmith services.

 

Commercial Provides coverage for vehicles used for Farming, Ranching, Route Work, Job-Site Activities,

 

Surcharge Service or Repair Work, Delivery of Goods and Snow Removal. Usage must not exceed the manufacturers’ ratings and/or limitations. This additional, manually applied, surcharge is

required for any of the above use applications for the vehicle to be eligible for coverage.

 

TIME/MILEAGE OPTIONS

 

NEW VEHICLES For vehicles within manufacturer’s bumper to bumper warranty.

 

Time/mileage is added to contract purchase date and odometer mileage at contract purchase date.

 

36 Months 48 Months 60 Months 72 Months 84 Months

60,000 Miles 60,000 Miles 60,000 Miles 75,000 Miles 75,000 Miles

100,000 Miles 75,000 Miles 75,000 Miles 100,000 Miles* 100,000 Miles*

100,000 Miles 100,000 Miles*

*Available only for vehicles with less than 24,000 miles at the time of sale.

 

USED VEHICLES For vehicles outside the manufacturer’s bumper to bumper warranty, from current to plus 10 previous model years old, and with less than 120,000 miles.

Time/mileage is added to contract purchase date and odometer mileage at contract purchase date.

There is no mandatory waiting period or vehicle inspection requirements for used terms; provided the contract is purchased at the time of vehicle sale.

12 Months 24 Months 36 Months 48 Months

12,000 Miles 24,000 Miles 36,000 Miles* 48,000 Miles*

*Available for vehicles with less than 100,000 miles at the time of sale.

 

REPAIRS All covered repairs are made using genuine GM / OEM parts (as applicable).

 

PROTECTION PLAN

 

NEW TERM PLANS

· Vehicle must be within manufacturer’s bumper to bumper warranty mileage requirements to be considered “New”, and meet the following age requirements on a calendar year basis: current MY + 2 prior MYs for vehicles with a 36 month, 36000 miles factory bumper to bumper warranty and current MY + 3 prior MYs for vehicles with a 48 month, 50,000 mile factory bumper to bumper warranty.

·

ExExpiration is calculated from the contract purchase date and odometer reading at contract purchase date Protection Plan contracts purchased more than 10 days after the vehicle sale, require a mandatory waiting period before coverage begins. The waiting period is 30 days and 1,000 miles. An additional 30 days and 1,000 miles will be added to the contract’s scheduled expiration.

·

PrProtection Plan coverage terminates when the sum of the contract term months and the contract purchase date have been reached or when the sum of the miles on the vehicle’s odometer at contract purchase date and the contract term miles have been reached, whichever occurs first. In the case of a mandatory waiting period, an additional 30 days and 1,000 miles will be added to the contract’s scheduled expiration.

 

USED TERM PLANS A c

 

overed part that is not functioning properly must be repaired or replaced prior to Protection Plan sale. All vehicles must have an engine oil and filter change prior to the Protection Plan sale.

 

· EP Online will provide eligible rates applicable to the entered vehicle’s age and mileage. Vehicles will be considered Used based on a two-part validation:

 

· If the vehicle is outside of the OEM bumper to bumper warranty by time or miles, OR

· If the age of the vehicle is considered “Used” on a Calendar basis:

 

For Vehicles with a 36 month, 36,000 miles factory bumper to bumper warranty, the vehicle is considered “Used” on a calendar year basis if older than current MY + 2 prior MYs. For example, as of January 1, 2013, the age of the Vehicle is considered “Used” for a 2010 or prior MY vehicle. As of January 1, 2014, the age of the Vehicle is considered “Used” for MY ’11 and prior.

 

· For Vehicles with a 48 month, 50,000 miles factory bumper to bumper warranty, the vehicle is considered “Used” on a calendar year basis if older than current MY + 3 prior MYs. For example, as of January 1, 2013, the age of the Vehicle is considered “Used” for 2009 or prior MY vehicle. As of January 1, 2014, the age of the Vehicle is considered “Used” for MY’10 and prior.

 

· Expiration is calculated from the contract purchase date and odometer reading at contract purchase date. Protection Plan contracts purchased more than 10 days after the vehicle sale require a mandatory waiting period before coverage begins. The Waiting Period is 30 days and 1,000 miles. An additional 30 days and 1,000 miles will be added to the contract’s scheduled expiration.

 

· The Protection Plan coverage terminates when the sum of the contract term months and the contract purchase date have been reached or when the sum of the miles on the vehicle’s odometer at contract purchase date and the contract term miles have been reached, whichever occurs first. In the case of a mandatory waiting period as described above, an additional 30 days and 1,000 miles will be added to the contract’s scheduled expiration.

INELIGIBLE VEHICLES

· Vehicles are ineligible if used for commercial purposes (unless the Manual Commercial Use surcharge is selected and marked on the Registration Page), which includes but is not limited to: farming or ranching, vehicles used for government purposes, pick-up and delivery service, company pool use or business travel when the vehicle is used by more than one driver, deliveries, service or repair calls, route work, snow removal, job site activities.

· Vehicles used in the following manner are excluded from all coverage’s:

· Towing/wrecker service, road repair operations.

· Vehicles used for competitive driving, racing on-road/off-road or principally off-road use, whether or not the vehicle is licensed for commercial purpose.

· Vehicles used for taxi, livery, rental, limousine or shuttle.

· Vehicles with non-standard equipment installed specifically to facilitate commercial use.

· Vehicles modified for racing, off-road, fire services or fire service, or other performance or emergency use.

· All “Grey-Market” vehicles (include vehicles imported from Canada on which the manufacturer has nullified their own manufacturer’s warranty.

 

TRANSFERS

 

Procedures

To transfer a Protection Plan contract, the Customer must contact the Administrator and submit the following:

· Completed Transfer Form signed by original owner and new owner.

· A transfer fee of $75 must accompany this form (Florida - $40).

· A copy of documentation evidencing change of ownership and mileage at time of sale.

 

Conditions

· The contract cannot be transferred to another vehicle. It can only be transferred to a different owner of the same vehicle.

· The transfer must be made within 30 days of transfer of ownership.

· The contract is transferable to someone to whom the Customer sells or otherwise transfers their vehicle while their contract is still in force. Contracts cannot be transferred if the title transfer of the vehicle passes through an entity other than the subsequent buyer, or the vehicle is sold or traded to a Dealership, leasing agency or entity/individual in the business of selling vehicles.

· Contracts can only be transferred once and must be initiated by the original contract Holder.

· Contracts on leased vehicles cannot be transferred, unless the vehicle is being purchased by the original lessee.

Non-Covered Parts*

Battery & Battery Cable/Harness, Lenses, Sealed Beams & Light Bulbs, Speakers, Audio/Video Equipment and any Pixel Damage on Display Screens, Electronic Transmitting/Receiving Devices, Remote Control Consoles, and radar Detection Devices, Brake Rotors and Drums, All Exhaust Components (unless listed as specific covered parts), Trim Items, Tires & Wheels/Rims, Maintenance Services. 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

*Not a complete list of exclusionary items

Application Form:

Required information:

Name as you wish it to appear on policy:

Address:

City:

State:

Zip:

Daytime phone number:

VIN of vehicle:

Current Odometer reading:

“A DIGITAL ODOMETER PHOTO IS NOW REQUIRED”

Term, Miles and deductible of plan desired:

Original purchase amount and purchase date:

Your MasterCard, Visa, Discover or American Express Card, expiration date & security code:

Chevrolet Protection Plan – Discounted Pricing – Expires 6/30/15

 

Pricing applies to a new 2015 GMC Sierra Denali

Plan

Deductible

Time/Miles

Price

 

Platinum

0

36/45000

$865

Platinum

100

36/45000

$820

Platinum

0

36/60000

$975

Platinum

100

36/60000

$900

Platinum

0

36/100000

$1,425

Platinum

100

36/100000

$1,250

Platinum

0

39/39000

$855

Platinum

100

39/39000

$810

Platinum

0

39/60000

$995

Platinum

100

39/60000

$920

Platinum

0

48/60000

$1,090

Platinum

100

48/60000

$990

Platinum

0

48/75000

$1,260

Platinum

100

48/75000

$1,145

Platinum

0

48/100000

$1,545

Platinum

100

48/100000

$1,340

Platinum

0

60/40000

$975

Platinum

100

60/40000

$900

Platinum

0

60/50000

$1,045

Platinum

100

60/50000

$960

Platinum

0

60/60000

$1,170

Platinum

100

60/60000

$1,055

Platinum

0

60/75000

$1,345

Platinum

100

60/75000

$1,190

Platinum

0

60/100000

$1,765

Platinum

100

60/100000

$1,515

Platinum

0

72/48000

$1,200

Platinum

100

72/48000

$1,080

Platinum

0

72/60000

$1,325

Platinum

100

72/60000

$1,175

Platinum

0

72/75000

$1,555

Platinum

100

72/75000

$1,405

Platinum

0

72/100000

$2,115

Platinum

100

72/100000

$1,785

Platinum

0

84/56000

$1,555

Platinum

100

84/56000

$1,350

Platinum

0

84/75000

$1,820

Platinum

100

84/75000

$1,625

Platinum

0

84/100000

$2,320

Platinum

100

84/100000

$1,945

 

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Do people really buy these extended warranties? It seems as if it would make more sense if the extended warranty started after the first bumper to bumper warranty expired. For example. the 36/45000 warranty really becomes a 72/81000 warranty. Otherwise we would pay ~$850.00 for 9000 miles of additional warranty. That doesn't make much sense at all. The 84/100,000 make a little more sense but the cost is up there. How many people actually buy extended warranties? What are the month/mileage combos that are most common?

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I've bought the GM extended plan for over 10+ year, on 6+ trucks (wife's too). IMO it pays off in the long run. I might lose a little on one truck, but make it back on another. Overall, I've probably lost a little, but that's how they stay in business, and give me a great service. Prices are fair, IMO, for $50K trucks. If you sell/trade in early, they reimburse you for unused time, or they have in the past. Well worth the piece of mind and more importantly for me: I just drop off the truck at my great dealer, and say 'fix it', 'call me when it's done'. They give me a rental to get back and forth, no problems, no sign-up for a 3rd party rental. I've learned that not all dealers do this, but mine does. But I make it easy on him too. I'll take a beater just to get home, if I need something a little nicer for work, he gives me something a little nicer.

For me, I would never buy a 3rd party warranty plan. GM's has been great (for me). Best of luck.

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Several years ago my hubby bought a used Camry. We were able to purchase an extended warranty on it that went to 100,000 miles. The cost was right around $800 in total. He wasn't sure if he wanted to purchase it, but after discussing the idea he agreed that it would be worth it with all of the technology, especially the computers in today's cars. About 2-3 months later the alarm system failed. He took it into the dealer and it was repaired at no cost to us. It would have cost us just about the 800 for that repair alone. We concluded that any other future repairs were going to be gravy. 8 month later he totalled the car. Not a good experience. After our regular insurance paid us the full price of the car, he remembered the extended warranty. Yep, they cashed out the policy since we did not use the full time and paid us $700. Made money on that deal.

 

With my new truck,it has 21 computers on board. I will be purchasing the extended warranty. That much technology spells trouble without it.

Edited by Debra in Cali
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I agree that the new technology is what is pushing me to consider it. I traded in my 2004 SLT in 2011 with around 90k miles. In those 7 years and 90k miles besides scheduled maintenance, I replaced exactly one battery (not covered anyway) and one O2 sensor that a MOUSE chewed through while it was parked in the barn for a weekend. I would have lost my @$$ big time on ANY warranty. But now that I just ordered a 2015 Denali with MagneRide and all the fancy 4G and park assist and sensors and a plethora of computers and other modules, it scares me.

 

I love working on cars and have always done my own repairs, but if I have to drop $800 on some computer module for a repair and then swap it out myself and still troubleshoot then a warranty makes some sense. It might not be necessary for the first five years, but what lies beyond with more time and higher miles. The only real reason to buy it now is that the price goes up a lot as you add times and miles so yes it overlaps and you lose a few years of coverage but you are paying less so if you don't use it anyway you would lose less but if you do use it even once or maybe twice it definitely worked out. My uncle has worked in the auto parts industry for 20 years and he thinks it's a bad idea because he has seen the 100k mile durability tests that pretty much every part on the truck is subject to and he has quite a bit of faith.

 

I am considering the 84/75k. That would match up my year and mileage nicely with the amount that I drive. For $1800 with free towing and rental reimbursement, that is one major repair. I'm about to turn 30, and as I get older I put a much higher premium on my time. Like Chris said, I can just drop it at the dealer and drive away and it gets fixed with Genuine GM replacement parts.

Edited by JRaschke11
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I might consider this on my next truck as the reason I'm thinking about selling my current truck is all the newer features and luxuries cost big $ to replace and a lot of them are the costs of the part, not just the labor at a dealer.

 

Here's a few of examples of things that have needed replaced on my 07 Escalade EXT within the past three years when I've owned it.

 

Around 6 years of service and 47,000 miles: The head unit/screen of the radio/navi (Completed by the dealer prior to me purchasing it) - Around $1,200 I think

 

Around 7 years of service, can't remember the miles on the first sensor and 8 1/2 years and 101,000 on the second (after one was replaced under warranty) Backup Sensor x2 (Camera still works but you get an annoying light each time you start the truck and you don't have the warning beeps) - About $330. I've had one replaced and another needs replaced which I'll have done the next time I get an oil change

 

Around 8 years and 100,000 miles - Front Shocks (Mag Ride) Parts and Labor - About $1,500 and they told me the rears are move due to leveling system on them

 

So in summary if you plan on keeping the truck for up to 100,000 miles or more than 5 years it might pay for itself with one repair. Otherwise its probably not worth it.

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Ken will sell it to you at cost + $200. Doubt you will beat that. He has been serving the Corvette community since I can remember. Always been a good guy to talk to.

 

**************************

 

Ken Fichtner

Fleet, Corvette, & Protection Plan Sales
Montana's Time Dealer of the Year for 2014
Denny Menholt Chevrolet

Billings, MT

406-896-3088 Office

406-672-5690 Cell

[email protected]

Serving customer's needs since 1952!

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  • 1 month later...

All of these companies offer these services to make money. Sure, they pay out, but they all make money in the long run, just like casinos. I do all my own maintenance and most of my own repairs (outside of HVAC, inner block, transmission and differential repairs), so I don't even consider them. When repairs get too expensive or too frequent, that's when it's time to trade up. I guess these might be worth it if you're not that mechanically inclined though.

 

Also to note, your insurance probably covers towing - not just for accidents. If not, add it. It's only like $2 per month.

Edited by Black03Yukon
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My wife is a FI Manager for a dealer so her selling warranties pays our bills. So yes I have it on my truck. And the money I spent is worth the piece of mind that I get bumper to bumper service for 5 years or 100k, especially since a lot of things aren't covered under powertrain, (Throttle bodys, computers inside the transmission, etc)

Edited by CptMcSaug
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To each his own, and what one is comfortable with.

 

With the cost of parts & labor outside of warranty, and the complexity of systems on these vehicles that require to be repaired by a professional, an extended warranty is a good option for some.

 

I buy a GM truck as I feel they are reliable, but we all know any machine can break forwhatever reason, and at any given time.

 

It all comes down to your level of risk on your investment.

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I'm all for warranties; I've had bought many used vehicles and the warranties paid for themselves usually within the first repair.

 

So I bought my 2015 Silverado new so it gets the 3 year bumper-to-bumper, 5 year powertrain and all the other warranties that would come with a new vehicle. With that being said, what would be the advantage of purchasing extended protection at this time? Wouldn't I buy it as my bumper-to-bumper expires? I don't even remember the salesman offering it to me at the point of sale.

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