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So to make sure I understand how this works if you buy the warranty at 11,000 miles it runs out at 111,000 miles and if you buy it at 13,000 miles it runs out at 100,000 miles, correct?http://www.gmeppdirectsmith.com/gm-protection-plan-platinum/
The platinum was $2050 for a 2017 silverado 2500hd
no deductible
60 months 100,000 mile from time of purchase which had to be before 12000 miles.
Actually, many dealers own their own warranty companies...or it's owned by the dealer's kids. Extra profit center for the dealer. Believe it ir not, some states, and the IRS allow these companies to be set up as tax-exempt entities, if they're structured correctly. Very, very profitable!From what I understand. The dealership is just the middleman here on ALL warranties. AKA a broker.
They are all outsourced, would assume the same with GM Masterplan etc.
So, I may be totally wrong, although one of my good friends works in the industry that supplies the dealerships warranties. She has been guiding me through it a little.
Either way, I think it's a gamble/insurance.
I forget the company name, but they oversee ALL insurance work/warranty work (again like health insurance) and it is mandated what the must cover and must charge.
Do your research and don't overpay. Keep haggling all the way down!