Extended Warranty.....Yay or Nay?

[PG01]

I just keep hearing comments that make me glad to own my 2002 NBS.

Tbh i used to hear all the horror stories of the 07+ then about the 15+ and ron, ive owned them from the k5 era up to the k2’s and believe me when i tell you they have gotten better and better. I still have my ‘13 hoe and the ‘19 xl Yuk is just like butter... I wish i still had the ‘99 and the ‘01, along with the 13 and 19 but my wife would flip ...

 

[OR VietVet]

No doubt that the newer models are quality and there is always a lemon or two in the bunch. My NBS is easier to work on and parts less $ and gobs of info out there about them and man I got to tel you, just like another member here said, the NBS is just more comfortable to sit in.

 

[PG01]

True, a very comfortable seat in the nbs but the nnbs is pretty cushy... k2.... meh ... i can deal

 

[GTNator]

Yes, all this, @PNW VietVet, exactly what ron said.

that being said I bought it for my 19 yuk just because....

Yup, depends on how much piece of mind is worth it.


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[Flydex]

IMO, never ever ever get an extended warranty. The odds are always in their favor. I have told people many times that instead, they should start a savings that you put money in every week for the vehicle. There is ongoing maintenance and eventually repairs. Better to take the money from there for the rig. Money ahead in the long run. Unless you are the sort that cannot be counted on to save money back for that. I used to run shops and call in about extended warranties and had to deal with the extended warranty people that were ALWAYS looking for a way to not pay. Also, find a great quality shop, if you don't do the work yourself, that you trust and they can do non warranty work. Others here will chime in about having them and how they paid for themselves but the MAJORITY of the time, they do not. Plus, if you roll the $1745 in to the payments then you are paying interest on that money as well.

I paid $2,000 for my extended warranty on my ‘15 LTZ. It paid for itself within a month when the front Magneride’s went out. Then the rear TV needed replacing when the screen stopped working. Those two repairs paid for the warranty in full. Now I’m getting “free” repairs for another 2 years or until 136,000 miles. It was a good deal for me. “Never” is an absolute and we don’t deal in those.

 

[George B]

The extended warranty I was offered on my 65,000 mile 2013 Suburban was only for powertrain and cost $2,000.00 over the life of my loan. I passed on that. I wish it would have been more inclusive. Looking at a front axle rebuild now and if covered it would have paid for itself at the dealership.

 

[petethepug]

Depreciation is going to suck these trucks into a black hole soon. The I-6 turbo diesel Yukon, Burb’s, Tahoe & Poss Escalades are coming. Full electrics are on the way too.

If you don’t have a service contract or warranty to pass on the the new buyer, it’s really going to hurt at trade in or private party fsbo time.


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[sickk23]

Eh that's what people say every new generation but nothing ever happens. These things already suffer from depreciation because they're wildly overpriced. Selling them down the road will be no issue because people always want these status symbols, regardless of newer improved ones being on the new lots.

 

[BG1988]

So I just picked up a 2019 Yukon SLT. It was a GM corporate car from Michigan. It has 22,980 mile on it. The car fax was good, it had all the service done at a dealership in MI, oil change rotate etc...

So I am contemplating an extended warranty. I can get a 5 year 60,000 mile for $1745. That would take me to 62,980 miles. I am not sure if it is a good deal or not. They say that extended warranties are the biggest wast of money.....until you need them. With all the computers and modules on this truck if anything goes out it could be costly.

So do any of you have an extended warranty? Has it paid for itself? I know that the power train is up to 60,000 miles that would cover anything engine or trans, but what about everything else.

Just wondering what your thought are.

Thanks,

i saved my money 2k banked for repairs in the last year i only spent $489 on a couple of sensors and brake job in 14,143 miles..

 

[sickk23]

i saved my money 2k banked for repairs in the last year i only spent $489 on a couple of sensors and brake job in 14,143 miles..

Glad its working for you. I'm at $5,800 out of pocket and I've used a reliable cheaper mechanic to save money. Thank you shocks, transmission, ac, and other stuff.