Extended Warranty... Keep it?

[baron]

I bought my Yukon used w/ about 68k miles on it. That was about 20/25k more miles than I wanted or thought it should have had, but the deal was one of the better ones I had seen and it was in better condition than some of the others I had seen with half as many miles. The previous owners kept it up well. The place that had it was a Chrysler dealer and they offered an extended warranty that was, as most are, only available at purchase. I was planning on just getting the GMPP Major Guard plan after the fact, but I didn't realize that I was well outside of the guidelines to purchase it. The warranty I bought is the Chrysler version of it, called Chrysler Max Guard. Like the GMPP Major Guard, instead of coming with a list of what is covered, it comes with a list of what isn't covered. I've researched the plan and, by most estimates, it is one of the best you can buy, so I'm not asking about the plan per say. I have a few days left to cancel it w/o penalty and I'm debating. It would save me about 2700 dollars over the course of the loan if I canceled it, but one transmission later would have me coming out on top (relatively speaking)... So, speaking from experience, is there enough that goes wrong with these trucks to make sense to keep the warranty? Oh, it's on a 2007 Yukon SLT, about 69.5k miles now. Will be doing some light (say, 15 foot fishing boats) towing and light (8 foot trailers, maybe a uhaul trailer in a year or two) trailers. Unless we move closer to my in-laws, we will probably put about 15~20k miles a year on the truck. The plan is to keep it about 4 years. The warranty is for 3 years, but unlimited millage in those 3 years.

 

[BigRed76]

I would keep it .... piece of mind!

 

[blueflamed03]

amen. I debated when i bought my 2003 with 60K, and paid $1900 for it....a year later, tranny needed replaced, $1500, then two years go by, I take it in right before warranty is up, they repalced leaking water pump,etc, so paid for itself before warranty runs out. I agree, peace of mind.

 

[SabrToothSqrl]

warrenty

I paid $950 for bumper to bumper on my '09 tahoe when it was new until 60month / 60,000

the sat nav head unit alone is $2,500+

the power lift gate motor is a $1,000 option.

just knowing that if my window sounds funny going up / down I just drop it off... I sleep much better at night...

 

[04Hoe]

I paid $950 for bumper to bumper on my '09 tahoe when it was new until 60month / 60,000

the sat nav head unit alone is $2,500+

the power lift gate motor is a $1,000 option.

just knowing that if my window sounds funny going up / down I just drop it off... I sleep much better at night...

Wouldn't all of that be covered under the regular warranty?

 

[skippy737]

Wouldn't all of that be covered under the regular warranty?

for 36 months or 36k miles

 

[baron]

Hmm... well, I guess I will keep it. I do like the peace of mind it offers, even with a $100 dollar deductible, one big problem or a couple of little things (like an a/c compressor, etc) and it would pay for itself. I'm just a bit miffed I didn't try and negotiate on the price as I was fully ready to go to the GMPP plan and cancel the other. I just didn't do enough homework to realize that the GMPP plan had certain qualifications that I was past.

 

[phileaglesfan]

I don't like the $100 ded as it may feel like you are nickel and dimed to death. Read the contract real good to make sure it does cover what you expect. What is the length of the warranty?

 

[rogersinsel]

Keep it.

 

[yukon07Artic]

i have one too. just keep the freaken thing, yur only paying 30~40 dollars more a month in the course of 60 months