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Discussion Starter · #1 · (Edited)
I was given extended warranty when I bought the car. I only agreed because I can cancel it within 60 days. But I wanted y'all guys opinion on this. The extended warranty is called mastertech ULTRA which give me covered:
engine, transmission, drive axle, suspension, steering, electrical, brakes, air conditioning, fuel, cooling, high tech accessories. The only thing he said it don't cover was brakes and tires.
I paid 3750$ for 75000 miles or 6 years. This my first time owning a brand new car. Do you think I paid to much? Is this a good warranty package? Should I cancel it and look for a better extended warranty? Any advice will be appreciated.
Thank you

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Seems pricey...

Remember, your drivetrain is covered by GM for 5 years/100K miles. Other stuff might break, but most issues will be around $1K, or less, to repair. So, you pre-purchased 3+ non-engine/non-transmission defect repairs between 36K and 75K miles.

If I were you, I'd see how the car holds up during the 1st 36K miles. If it is troublesome & you still want to keep it, get the warranty then. If it's trouble-free, I'd trust it will continue, with little or no problems outside of wear/tear.

Also, the used car warranty might be less than you paid...unless prices rise in the future.
 

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Is this extended warranty offered by GM? I'll be meeting with my dealer either today or tomorrow to discuss GM extended warranties and I can let you know what I find out.

I can tell you, when I use to sell cars a long time ago, there is sometimes a misconception about GM extended warranties simply being an extension of the warranty period, which is not totally correct. Items covered under GM "extended warranties" provides extended coverage of the factory warranty for the items covered. In other words, an item may not be covered under the factory warranty because of abuse but would be covered under the extended warranty. For example, lets say you're on a long trip and a child is constantly playing with the power window and ends up burning out the motor. It's possible your factory warranty would not cover this because of abuse but with an extended warranty, it'd be repaired, no questions asked. With this being said, things may be a lot different now. However, IMO an extended warranty is something I want in my pocket when considering the costs to repair these days for these computerized/electronic machines. Also for me, time is my enemy when it comes to the warranty because my time limit is most likely to run out before I reach the mileage limit. In addition, the GM extended warranty must be purchased within the first 12 months or 12,000 miles whichever comes first so you can extend your GM extended warranty period by waiting to buy it.
 

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Way too much, you are buying a 3rd party warranty, go with GMPP I got 7 year 70K $0 deductible for $1,800 full bumper to bumper
 

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When my dealer initially offered my an extended warranty I declined. Then on day three my displays went blank while the engine was still running. That, plus the problems discussed on this forum, spooked me so much I went back and bought their extended warranty. They paperwork says Zurich and is comprehensive for 7 years or 60,000 miles (I am apt to hit 7 years first) The Warranty excludes maintenance items. It cost $1,886 with a $100 deductible which is waived if the service is performed at the selling dealer. My displays came back by themselves but I think a car full of electronics like the C7 can have problems unrelated to the driveline. For my peace of mind, I think this was worth it.
 

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I got one once and changed my mind a few months later, because it only kicked in after the original warranty was up, so in reality was not a 7 year warranty but a 4 year warranty. When I finally got my check, they had deducted all the depreciation off the 1st month so out of a $1500 ext ended warranty, I only got back about $300, and yes it was a warranty sold by the GM dealer. You can get these warranties after the sale ( I am still getting letters from warranty companies on both my '09 and '12, neither of which I have any more.)

I guess if you plan on keeping your ride for more than what is covered under warranty, go for it; I have never kept a car that long and it is a big chunk of change these days, so you gotta do what you gotta do for yourself ........
 

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Discussion Starter · #8 ·
Is this extended warranty offered by GM? I'll be meeting with my dealer either today or tomorrow to discuss GM extended warranties and I can let you know what I find out.

I can tell you, when I use to sell cars a long time ago, there is sometimes a misconception about GM extended warranties simply being an extension of the warranty period, which is not totally correct. Items covered under GM "extended warranties" provides extended coverage of the factory warranty for the items covered. In other words, an item may not be covered under the factory warranty because of abuse but would be covered under the extended warranty. For example, lets say you're on a long trip and a child is constantly playing with the power window and ends up burning out the motor. It's possible your factory warranty would not cover this because of abuse but with an extended warranty, it'd be repaired, no questions asked. With this being said, things may be a lot different now. However, IMO an extended warranty is something I want in my pocket when considering the costs to repair these days for these computerized/electronic machines. Also for me, time is my enemy when it comes to the warranty because my time limit is most likely to run out before I reach the mileage limit. In addition, the GM extended warranty must be purchased within the first 12 months or 12,000 miles whichever comes first so you can extend your GM extended warranty period by waiting to buy it.
Is not GM warranty I'm gonna go ahead and cancel.
 

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Is not GM warranty I'm gonna go ahead and cancel.
good call, if you are going to by warranty make sure it is GM otherwise the 3rd party warranties will use cheaper parts that are not genuine GM and some GM dealers will not honor 3rd party warranties.
 

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First, I would only consider a General Motors sponsored GMPP warranty. Third party warranty companies are, essentially, insurance companies without all the regulation. I would have more confidence in GMPP.

Second, extended GMPP warranties can be bought from other dealers, not just the one who sold you the car. So, google "GMPP warranty" and various sellers of the GMPP will come up. Ask for an on line quote, and you will see what the going rates are for the various combinations of years, miles, and deductibles.

Third, decide which warranty term and deductible looks right for you from the most competitive quote. Then go to your dealer to see if it is willing to beat that rate. They probably will, as a small mark up on the warranty is better for them than to not make the sale at all, and other than writing up the order, there is nothing more for the dealer to do.
 

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Discussion Starter · #11 ·
First, I would only consider a General Motors sponsored GMPP warranty. Third party warranty companies are, essentially, insurance companies without all the regulation. I would have more confidence in GMPP.

Second, extended GMPP warranties can be bought from other dealers, not just the one who sold you the car. So, google "GMPP warranty" and various sellers of the GMPP will come up. Ask for an on line quote, and you will see what the going rates are for the various combinations of years, miles, and deductibles.

Third, decide which warranty term and deductible looks right for you from the most competitive quote. Then go to your dealer to see if it is willing to beat that rate. They probably will, as a small mark up on the warranty is better for them than to not make the sale at all, and other than writing up the order, there is nothing more for the dealer to do.
I see, thank you rob!
 

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Is not GM warranty I'm gonna go ahead and cancel.
Good decision...If you decide to buy a GM extended warranty, please post what you got and how much you paid. It'll be good infor for all.
 

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Warranties are negotiable as well: typically they try to nail you when you are in the finance dept getting your money, and they will offer a discount if you buy THEN at that time (because they know they will lose you if you say you will do it later), so at a minimum, if you are inclined to get it, hold out for lower price and they will come down, sometimes by several hundred dollars. It is a cash cow for dealers and they have literally no investment so room to wiggle a lot.....
 
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Warranties are negotiable as well: typically they try to nail you when you are in the finance dept getting your money, and they will offer a discount if you buy THEN at that time (because they know they will lose you if you say you will do it later), so at a minimum, if you are inclined to get it, hold out for lower price and they will come down, sometimes by several hundred dollars. It is a cash cow for dealers and they have literally no investment so room to wiggle a lot.....
Just to add to what Buzz stated, here is how it went with my dealer finance guy last month. I was given an extended warranty price which I declined. I was then given a 2nd offer at a reduced rate which I declined. I was then given a 3rd offer at a reduced rate which I declined. I was then offered a lesser coverage warranty for a lesser rate which I declined. One of the ploys to be prepared for is the "it's only 10 more dollars per month and we'll add three more payments to your contract." Do the math, as that could easily add up to $2,500. If you're going to go with an extended warranty, let the finance guy exhaust all of his options until he gives up, and is ready to print the contract. At that time, ask him to revisit his last offer and ask him if he can knock another $100 off and you'll take it. You'll get your best deal and they will still make money.
 

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$1140, GMPP, major guard, 6 years, 48k miles, $0 deductible. Starts on date you buy warranty (hint, don't buy when you buy car!) and miles on car if within 12 months and 12,000 miles, as I remember. Take quotes on line. Be careful, if you buy GMPP from a dealer and then cancel, I am told you can not buy again on that VIN. It is not an extended warranty, it is insurance. I am low mileage weekend driver. I like it to cover electronics on 1st model year car.

Other nice thing about GMPP is it covers everything unless specially excluded. Most 3rd party warranties say what they cover. I would rather know what is not covered than have to read what is and figure out what exclusions are. General Motors Protection Plans are underwritten by Ally, although this may change by EOY, as part of bankruptcy restructuring.

https://www.ally.com/gmpp/service/
 

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they had 'bronze' to 'platinum' packages...offering coverage for just about anything if you're the warranty type.

I'm usually not - I never buy extended warranties because I don't keep vehicles that long as a rule.
This time I did, as I expect I'll have this car a while, and if not it will be a good selling tool.
GM warranty, bumper-bumper 84 months / 84,000 miles for $2900.
Original mileage was 60k, but when I waffled on the cost he extended it to 84k.
Didn't shop around before I sat with the finance guy, so the only thing I had to gauge that price by was the extended factory warranty we can buy for our BMW 328i when factory expires, which is 4/48 for $2500 I think.


Declined the wheel/tire package for $1299....went to Discount Tire and got their $218 fix/replace package for the tires.
Not worried about dinging a wheel, but at $410 rear / $330 front for the tires (which are pluggable, btw) - I'll get it fixed or replaced for the life of the tire.
 

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Just meet with my dealership's General Manager. There are numerous plans to pick from. The price of the GM extended warranty is not just based on the GM plan you select but also on the miles on your car's odometer. You can purchase a GMPP anytime within the first 36 months or 36,000 miles of ownership which ever comes first. However, keep in mind the price of the GMPP will increase as the miles on the car increases. I have currently 400 miles on my Stingray and my 84 months/ 84,000 mile, $0 deductible plan is $2050. Since I will be putting the car in storage probably within the next 30 days, I plan to buy this plan in the Spring when I take it out of storage.
 

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No one compared the GMPP to the new GMEPP?
Example, mag ride shocks are covered under GMEPP but not under GMPP.
Johnu if you have the specifics on the GMEPP please post since it is a new option. Thanks!
 
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