Extended warranties; Pros & Cons

rav3 · February 25, 2021

The CPO warranty for my 2017 Silverado (1-31-17 in service date) just ran out for the Bumper to Bumper part, but I still have the "PowerTrain" for a couple years.(till 1-31-2023) I was thinking about looking into an extended warranty and wanted to know what you guys thought about them.

Does GM offer anything after the CPO? (36+12=48 months) If so, anyone hear of the cost & coverage?

With the add'l Certified Pre-Owned Powertrain LTd Wty for 100K or 6 years from original selling date, which goes to 1-31-2023, do I want to bother with anything else?

What about warranties from any of the independent ones advertised on TV? I'm a little gun shy to ask for online quotes because of the never ending robo calls of "Buy my warranty", so I thought I'd ask the question here.

JimCost2014 · February 26, 2021

1 hour ago, rav3 said:

The CPO warranty for my 2017 Silverado (1-31-17 in service date) just ran out for the Bumper to Bumper part, but I still have the "PowerTrain" for a couple years.(till 1-31-2023) I was thinking about looking into an extended warranty and wanted to know what you guys thought about them.

Does GM offer anything after the CPO? (36+12=48 months) If so, anyone hear of the cost & coverage?

With the add'l Certified Pre-Owned Powertrain LTd Wty for 100K or 6 years from original selling date, which goes to 1-31-2023, do I want to bother with anything else?

What about warranties from any of the independent ones advertised on TV? I'm a little gun shy to ask for online quotes because of the never ending robo calls of "Buy my warranty", so I thought I'd ask the question here.

The pro is peace of mind having it, the con is if you never use it. Personally I have never bought one, but many do (how about that for a non committal answer).

I get these emails all the time from GM.

SILVERADO PROTECTION YOU CAN COUNT ON.

Jim,

There is no better choice for your Silverado once your bumper-to-bumper limited warranty¹ expires than a Chevrolet-endorsed Platinum Protection Plan.² It's the only plan designed with your specific Silverado in mind.

Choose the only coverage that shares the same name as your Chevrolet and move forward with confidence.

PURCHASING A PLAN IS JUST A CLICK OR PHONE CALL AWAY.

Protect Your Chevrolet⁴

or call 1-877-265-6708

$0 deductible and mileage-based pricing. Offer valid if vehicle is under 80,000 miles. Offer expires³ 2/28/2021.

See Plan for Exclusions and Limitations ›

OFFER EXPIRES³ 2/28/2021

CHEVROLET PLATINUM PLAN² PRICING

Prepared for your: 2018 Chevrolet Silverado. VIN (Last 8): JG404834

FLEXIBLE PLANS THAT WORK FOR YOU

COVERAGE OPTIONS

PAYMENT OPTIONS⁵

24 Months/
24,000 Miles^6,7

$162.42

FOR 14 MONTHS⁵ with minimum down payment of $99.12

— OR —

$2,254.35

PAY IN FULL⁵ and save 5%

36 Months/
36,000 Miles^6,7

$145.80

FOR 21 MONTHS⁵ with minimum down payment of $99.20

— OR —

$3,002.95

PAY IN FULL⁵ and save 5%

48 Months/
48,000 Miles^6,7

$177.19

FOR 21 MONTHS⁵ with minimum down payment of $99.01

— OR —

$3,629.00

PAY IN FULL⁵ and save 5%

60 Months/
60,000 Miles^6,7

$186.38

FOR 21 MONTHS⁵ with minimum down payment of $99.02

— OR —

$3,812.35

PAY IN FULL⁵ and save 5%

Complete Terms and Conditions ›

Purchase Coverage Online⁴

or call 1-877-265-6708

¹ The Chevrolet Bumper-to-Bumper Limited Warranty provides coverage for 3 years or 36,000 miles, whichever comes first. See participating dealer for details.

² Offer valid if your vehicle is under 80,000 miles. Waiting period may apply. The above quoted prices can change based on the actual mileage of your vehicle at time of purchase. The complete details, limitations, and exclusions are included in the service contract. Service contract coverage is provided and administered by AMT Warranty Corp., P.O. Box 927, Bedford, TX 76095, 877-265-6708 (except in Florida, the service contract obligor/provider and administrator is Wesco Insurance Company, 59 Maiden Lane, 43rd Floor, New York, NY 10038, 866-327-5818, LICENSE #01913). Chevrolet Protection Plan is a GM-endorsed service contract. These service contracts are marketed by AMT Warranty Corp.'s subsidiary, Warrantech Direct, Inc. AMT Warranty Corp. and Wesco Insurance Company are GM-preferred providers of Protection products but are not related entities of GM or its dealerships.

³ This offer expires 11:59 p.m. ET, 2/28/2021.

⁴ If the Chevrolet Bumper-to-Bumper Limited Warranty is remaining when you purchase the Chevrolet Protection Plan, coverage begins upon the Limited Warranty expiration of time or miles, whichever occurs first. If the Limited Warranty is expired when you purchase the Protection Plan, a 30-day and 1,000 mile waiting period applies.

⁵ Plus applicable taxes.

⁶ Whichever comes first.

⁷ With $0 deductible. Please note the above quoted prices can change based on the actual mileage of your vehicle at time of purchase.

You are receiving this email advertisement because you are a valued Chevrolet owner.

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rav3 · February 26, 2021

Thanks for the reply Jim.......and the share.

These GM/Chevy extended warranty is almost as expensive as what BMW wanted on our X5. Looks a little pricy to me. Nor sure it's worth it as long as I still have the CPO Powertrain coverage for a couple years.

JimCost2014 · February 26, 2021

21 minutes ago, rav3 said:

Thanks for the reply Jim.......and the share.

These GM/Chevy extended warranty is almost as expensive as what BMW wanted on our X5. Looks a little pricy to me. Nor sure it's worth it as long as I still have the CPO Powertrain coverage for a couple years.

You are very welcome.

Extended warranties are very much, beauty in the eye of the beholder, they are spendy, but some will not have a car without them, all personal choice.

Gagliano7 · February 26, 2021

You can find gm extended warranties way cheaper than that from other gm dealers. Do a search online.

Gagliano7 · February 26, 2021

https://smithchevywarranty.com/gmpp-gone-not-really-gmpp-now-gmepp/

https://www.knappmotors.com/protection-chevrolet.htm

I heard these 2 have good pricing.

Lsgun1 · February 26, 2021

Ya that email is full blown retail pricing. You can do a lot better. Pros are you have a warranty, the only con is if you never use it and just waste money. I guess it's a pro that the truck didn't break though!

lovecars · February 26, 2021

I'm lucky that I bought an extended warranty to 100,000.

I have a 2017 Silvy LT, I have only 24000 miles on it, I didn't drive it for 2 years. Meanwhile my truck ran out of the bumper to bumper warranty.

About 3 months ago, I notice one of my rear shocks leaking, dealer wanted $367 to replace both with my extended warranty $100.

I first priced two rear shock and the price was more than $100 plus labor.

I can't believe the POS shocks on the truck that lasted just 24,000 miles. I'm getting sick and tired of the lack of quality that these trucks suffer from.

Also, have you guys replaced the Vacuum Pump? there was a software update, but it made the truck turn on the ABS just backing up in my driveway. Suddenly I lost my power brakes... went to the dealer and they replaced the Vacuum Pump, no charge. They never informed me, but the warranty is extended to 25,000 miles for that part only..

mikeyk101 · February 27, 2021

21 hours ago, lovecars said:

I'm lucky that I bought an extended warranty to 100,000.

I have a 2017 Silvy LT, I have only 24000 miles on it, I didn't drive it for 2 years. Meanwhile my truck ran out of the bumper to bumper warranty.

About 3 months ago, I notice one of my rear shocks leaking, dealer wanted $367 to replace both with my extended warranty $100.

I first priced two rear shock and the price was more than $100 plus labor.

I can't believe the POS shocks on the truck that lasted just 24,000 miles. I'm getting sick and tired of the lack of quality that these trucks suffer from.

Also, have you guys replaced the Vacuum Pump? there was a software update, but it made the truck turn on the ABS just backing up in my driveway. Suddenly I lost my power brakes... went to the dealer and they replaced the Vacuum Pump, no charge. They never informed me, but the warranty is extended to 25,000 miles for that part only..

As far as brake vacuum pump, mine was just replaced a few months ago. I had the software updates done sometime a year ago but then started having the brake problems end of last summer and last fall. I noticed the problem one time when backing out of my driveway that is on a slope. I had to step on brake as hard as I could. It was intermittent but usually showed up when backing. My vacuum pump was replaced under warranty. There is special coverage that is for 10 years and/or 150,000 miles on it. Take a look at this pdf file for Special Coverage N182202780

MC-10167479-9999.pdf

jrabenaldt · March 2, 2021

The past 4 vehicles I've owned I purthased the warranty. 2 of them I did not use any part of it and was refunded the unused portion when they were traded. The other 2 have more than paid for themselves. 1 was on a Wrangler and the other is on my current '16 Sierra Denali. On the Denali is has paid for the lifter/fuel injector/VLOM/pushrod repair but would not cover the wonderful Magneride shocks. I'm mostly just concerned about the powertrain on these things that I know is over my head to repair.

I need to find me a '78 Blazer that I can work on myself.

Edited March 2, 2021 by jrabenaldt

Grumpy Bear · March 2, 2021

An extended warranty is just another insurance plan. A product the giver expects to make money on. He does that by carefully crunching the numbers to assure that $$$$ taken in premiums is a good deal more than $$$$ paid is claims. Two ways to do that. End the coverage before the stats show it will be used or find a way to not pay the claim. That's just that way it's done. Actuaries decide.

It's been my experience if I make it to the end of the warranty period trouble free it will go multiples of that given good care.

That said...the last 10 years or so has been a crap shoot. Major problems with vehicles happening late in the warranty or just past. I remember telling the Mrs. when business can no longer advance profits by 'earning' money they will find a way to 'steal' it. Legally of course. :crackup:

Given that....I wouldn't spend a nickel on extended warranties. To me that would be letting the same thief steal from you twice. Next thing you know they will ask you to hold the bag while they put your money in it for them.

BCMoto · March 2, 2021

Everytime I try to get warranty work it gets denied. Like for instance the when the ball joint failed in the upper A-arm they did not to warranty it because I took my z71 offroad so they cant warranty it.

johnnychuttz · March 2, 2021

36 minutes ago, BCMoto said:

Everytime I try to get warranty work it gets denied. Like for instance the when the ball joint failed in the upper A-arm they did not to warranty it because I took my z71 offroad so they cant warranty it.

Now that's silly. My truck has never left the pavement, only drive to church on Sunday, etc.

BCMoto · March 2, 2021

5 hours ago, johnnychuttz said:

Now that's silly. My truck has never left the pavement, only drive to church on Sunday, etc.

Well thats why im done with warranties, they want to take my money but dont want to fix anything

doropallo · March 4, 2021

When I bought my CPO 2016 GMC Sierra SLT they offered me a bumper to bumper supplemental insurance up to 100K miles or until 2024 for $1500. I took it for piece of mind. Today my screen and dash went dark and came back on. When I was sitting with the truck off I got a message that the battery was low I should start it after 5 minutes. It's scheduled for repairs and is covered, glad I got it.