Extended Warranty?

[DuraYuk]

Talked to Geico and they basically said the warranty is "mechanical" so it has to have some type of moving part or affect drivability. For instance, defective stitching on the seats wouldn't be covered nor would the GM logo light reflected on the ground that fogs up...but pretty much anything else is covered. Hard to pin them down but the reviews of the coverage are good.

The other notable difference is a standard $250 deductible...no ability to change this. Also confirmed that coverage isn't negated for any lift/tire mods although those parts aren't covered nor would any damage caused by those parts.

Almost sounds like the best of both worlds...low price which let's you set aside some money on your own like many suggest while also having pretty broad coverage for the big ticket items that can hit you.

So when the infotainment goes out? Seat motors? Ac actuators that need dash removal? Air bags and connectors. ? Gauge cluster? Window motors? Door lock actuators? Air conditioning ? Lift gate motor and struts ?

Does geico cover those things?

 

[OR VietVet]

A phrase I heard in a movie once, comes to mind: "I don't care what it costs. Just what's the monthly payment?"

Something I see in these extended warranty threads all the time, just baffles the hell out of me! Why would ANYONE buy an extended warranty, when the vehicle is covered by a bumper to bumper warranty, initially? I call them, "Instead of Warranties"! If you just have to have an extended warranty, then buy it after the bumper to bumper warranty runs out and then it is TRULY an "extended" warranty. Also, if you do buy one, then never ever buy from the off brand warranty companies, that typically get in trouble in the states they operate in, close down the business and leave their customers in the lurch with warranties that are no longer any good and then open up business in another state under a new name. When in the shops for 35+ years, I dealt with lots of extended warranty companies and the better ones were always, IMO, the manufacturer extended warranty companies. They are all insurance companies and their main business model is to KEEP their money and not spend their money.

 

[rmsnickers]

@DuraYuk yes, all covered as they have moving/mechanical parts. There are 9 large systems (Engine, Steering, Air Conditioning, Transmission, Cooling, Brakes, Drive Axle, Suspension, Electrical) that describe the coverage and I'm also attaching a screenshot of the endorsement that Geico provided that calls out the coverage:

 

[rmsnickers]

A phrase I heard in a movie once, comes to mind: "I don't care what it costs. Just what's the monthly payment?"

Something I see in these extended warranty threads all the time, just baffles the hell out of me! Why would ANYONE buy an extended warranty, when the vehicle is covered by a bumper to bumper warranty, initially? I call them, "Instead of Warranties"! If you just have to have an extended warranty, then buy it after the bumper to bumper warranty runs out and then it is TRULY an "extended" warranty. Also, if you do buy one, then never ever buy from the off brand warranty companies, that typically get in trouble in the states they operate in, close down the business and leave their customers in the lurch with warranties that are no longer any good and then open up business in another state under a new name. When in the shops for 35+ years, I dealt with lots of extended warranty companies and the better ones were always, IMO, the manufacturer extended warranty companies. They are all insurance companies and their main business model is to KEEP their money and not spend their money.

I agree with what you're saying as far as why buy the dupe coverage and only buy from manufacturer. In this scenario, Geico is likely more financially sound than even GM and I think the other argument folks make is that the cost of the coverage at the end of the standard warranty is prohibitive. So even if you buy now and get coverage for a period that overlaps it's still the best deal.

 

[OR VietVet]

I agree with what you're saying as far as why buy the dupe coverage and only buy from manufacturer. In this scenario, Geico is likely more financially sound than even GM and I think the other argument folks make is that the cost of the coverage at the end of the standard warranty is prohibitive. So even if you buy now and get coverage for a period that overlaps it's still the best deal.

I completely disagree with your last 2 sentences. But everyone has the right for their opinion.

 

[the 18th letter]

I agree with what you're saying as far as why buy the dupe coverage and only buy from manufacturer. In this scenario, Geico is likely more financially sound than even GM and I think the other argument folks make is that the cost of the coverage at the end of the standard warranty is prohibitive. So even if you buy now and get coverage for a period that overlaps it's still the best deal.

The 3 yrs. 44k mile extended warranty runs current with the factory warranty? Meaning no extra years or miles? That's def a rip off, I was under the assumption that the extended warranty didnt kick in until after the factory warranty was exceeded or expired .

 

[OR VietVet]

The 3 yrs. 44k mile extended warranty runs current with the factory warranty? Meaning no extra years or miles? That's def a rip off, I was under the assumption that the extended warranty didnt kick in until after the factory warranty was exceeded or expired .

Assuming costs money. That is why I call it "instead". To buy any extended warranty at the same time as the BtoB warranty is a waste. You don't get that money back if not used or if you get rid of the vehicle before the BtoB runs out.

 

[DuraYuk]

Assuming costs money. That is why I call it "instead". To buy any extended warranty at the same time as the BtoB warranty is a waste. You don't get that money back if not used or if you get rid of the vehicle before the BtoB runs out.

You do get the money back if you don't use it or sell it and cancel. Won't be all of it but it's prorated. Gmpp is transferable too.

 

[DuraYuk]

@DuraYuk yes, all covered as they have moving/mechanical parts. There are 9 large systems (Engine, Steering, Air Conditioning, Transmission, Cooling, Brakes, Drive Axle, Suspension, Electrical) that describe the coverage and I'm also attaching a screenshot of the endorsement that Geico provided that calls out the coverage:

View attachment 411402

Thanks for posting that. I don't fully understand the terms they are using. I've also never heard of it before you. Curious how easy it is to use and if it actually is beneficial.

Is that what you are going with over the GMPP?

 

[OR VietVet]

I should have been more detailed. The overlapping time that you buy, is gone after that time goes by. You MAY only get back what time is unused that does not overlap. I know you can transfer but that time is gone. It doesn't get transferred and the new owner pays you for that time. You don't get that money. You have to sell it and you can bet, if the new owner is smart enough, they will not pay the full remaining price...

Slice it, dice it, any way you want. Any warranty/insurance that is overlapping the BtoB, is a waste of money.