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Extended warranties

Boimica

By Boimica
in Modifications & Accessories

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Boimica New Member

Boimica

Posted
Posted

Is it necessary to get an extended warranty for a recently-purchased Certified Pre-Owned 2016 Chevy Silverado over and above the 12-month, 12,000 mile bumper-to-bumper warranty and the remainder of the factory  60K mile Powertrain warranty? My truck only has 29,000 miles. Thank you.

diyer2 Senior Enthusiast

diyer2

Posted
Posted

It's necessary if you think it is.

Personal choice.

I buy used vehicles only with low miles.

Never had a problem.

 

:)

catpartsman Enthusiast

catpartsman

Posted
Posted

I like the added assurance for b-b coverage when I buy a vehicle. I bought the extended warranty for my 15 Sierra when I bought the truck and it has paid for itself so far. I’m covered out to 175K and I have 101 on it now. For the price it cost me, the miles I put on my truck, all the electronic BS on these things and the cost of labor, I feel they are worth it. But as the post above says, it’s all personal preference.


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Flameout Enthusiast

Flameout

Posted
Posted

I was never a big believer in extended warranties, but I did buy an 8 year, 100,000 mile warranty on my recently purchased 2017 Silverado. It is a Extreme Wrap, Supreme Plus Bumper to bumper and supposedly covers pretty much everything from engine, drive train, suspension, electronics etc

 

I hope I never need it, but I do feel more comfortable knowing that I have it. I'm recently retired, so I don't put the miles on like I used to, so the 8 year 100,000 mile should work out good for me. Of course if you sell/trade in vehicles every few years, I wouldn't bother with extended warranty, unless it was transferable

Donstar Senior Enthusiast

Donstar

Posted
Posted

You will find lots of discussion on this topic in this forum and find a pretty even split on opinions.  diyer2 is correct in saying that it is a personal choice.   I choose not to and with no regrets.  If you can discipline yourself to bank the money you'd spend on premiums in a "truck repair account"  chances are stacked in your favour in coming out ahead.

rbrjr1 Enthusiast

rbrjr1

Posted
Posted

Whether it’s a deal depends on what they charge you and how hard you are on the vehicle.

Drive it like it’s a funny car at every stoplight?
Warranty would be a good idea..

jegreenwood14 Enthusiast

jegreenwood14

Posted
Posted
23 hours ago, catpartsman said:

I like the added assurance for b-b coverage when I buy a vehicle. I bought the extended warranty for my 15 Sierra when I bought the truck and it has paid for itself so far. I’m covered out to 175K and I have 101 on it now. For the price it cost me, the miles I put on my truck, all the electronic BS on these things and the cost of labor, I feel they are worth it. But as the post above says, it’s all personal preference.


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Same here.  Went with the extended warranty on mine.  Covered through 155k miles.  Have 90k on it now.  Think it was $3300 or something.  Already had a window actuator, cruise control, brake pump/vacuum, etc. replaced.  All of that was well over $3300.  I have also been on the other side of the extended warranty, where I bought it and never used it (wife's car).  Got the prorated difference back when I traded hers this summer.. think it was like $1100 back and spent $2200 on it?  Same with my 4Runner I traded in, but I only had it for a few months before deciding to trade.  Basically got all of my warranty back in cash. 

Ryno12 Enthusiast

Ryno12

Posted
Posted

I was never big on extended or aftermarket warranties but my loan officer at the bank was asking if I was interested in one when I purchased my last truck in 2017, which was a 2014 Sierra Denali 1500. Against my better judgment, I bought it.

I couldn’t have been happier and the thing has more than paid for itself in the three years I owned it. I bought the truck with under 16k miles & traded it in with 48k miles.

 

When I bought my 2020 2500 HD, I added the same extended warranty.

 

rbrjr1 Enthusiast

rbrjr1

Posted
Posted

My "B-B, 120K warranty" cost me $41/mo. it was a deal from where I stand, costing me less than $3,000 over the next 6 years..

Pt187 Enthusiast

Pt187

Posted
Posted

I like having an extended warranty. I prefer to fix things myself but imagine an engine letting go and paying for that out of pocket. 
 

 

  • 2 weeks later...
Rosedog Enthusiast

Rosedog

Posted
Posted

I've been pretty fortunate with mine.  Have easily paid for themselves and then some.  It is really the labor where it comes out ahead for you.  Sure parts can be generally cheap but stack that to your time and labor cost.  The key to making them pay is to keep your service up on your vehicle and keep the records.

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