Who Bought Extended Warranty?

[AMA1295]

Hey Folks, new member here just picked-up my 2021 HC Duramax 2 days ago. I'm curious how many people bought the GM extended warranty and, if you are willing to disclose, how much you paid for it?

Thanks!

 

[AMA1295]

Hey Folks, new member here just picked-up my 2021 HC Duramax 2 days ago. I'm curious how many people bought the GM extended warranty and, if you are willing to disclose, how much you paid for it?

Thanks!

Oops meant to post this in General, trying to see if I can move it.... sorry!

 

[OR VietVet]

I vote for never buy the extended warranty or service contract, if they call it that. I think of it as an "Instead Of" warranty. You have a bumper to bumper initially. If you absolutely just have to buy those damn things, do it after the bumper to bumper runs out.

Or do what you please and tell me to shut up. Either way, I am good with it.

 

[Holy Roller]

Speaking personally, I’m a low risk kind of guy. So I always buy the manufacturer’s extended warranty. Over my entire ownership experience, sometimes I lose on the deal - and sometimes I win. Overall I probably break even from a financial perspective. But I always gain in peace of mind.

My Cadillac DTS was covered by GMPP for eight years. In that time I only had two minor warranty repairs. A faulty seatbelt retractor and an irregular brake pedal switch. GM certainly got the best of me on that one. But it’s a Northstar and I was buying peace of mind.

On my Cruze, it still has more than a year to go of a total nine years GMPP. On that one I’ve easily come out the winner. With at least a dozen warranty repairs. Including a navigation system and an entire transmission.

 

[Yukon21Denali]

I'm in the camp of buying GMPP. I have it on my vette for 10 years that just ran out of 3 yr factory warranty. IMO it's like an insurance policy, most loose money in it for peace of mind
I do plan to keep this Yukon Denali long term.

 

[TollKeeper]

When available, I always buy them.

I paid 1400 for the one on my Aztek. They paid nearly 6000 in repairs

I paid 2200 for the one on my Envoy. They paid nearly 11000 in repairs

Wasnt able to get one for my Esky. But I didnt try on it either.

 

[Gibby13]

We paid too much for the extended warranty on our '15 Suburban, around 4 or 5k, but they paid out close to 10k in repairs including brake pump, A/C condenser, transmission and a few other things. We got $1700 back when we traded it in.

We paid $1700 for the one for the '21 Denali. Dealer was supposed to match the offer I had from Penfed which sells an extended warranty for only $995, however they got me a lower interest rate which more than made up for the higher warranty cost.

 

[91RS]

I vote for never buy the extended warranty or service contract, if they call it that. I think of it as an "Instead Of" warranty. You have a bumper to bumper initially. If you absolutely just have to buy those damn things, do it after the bumper to bumper runs out.

Or do what you please and tell me to shut up. Either way, I am good with it.

It is a common misconception that if you buy an extended warranty on a brand new vehicle that it runs alongside the factory warranty which isn't true unless the company is a crappy one you don't want a warranty from anyway. Any quality extended warranty will start after the bumper-to-bumper expires. I used to be in the camp of extended warranties are a waste of money but I now think it is suicide not to buy one with how expensive these newer trucks are to repair unless you get rid of the vehicle as soon as the warranty expires which is a bigger waste of money.

 

[Big Mama]

With the price of new parts these days and some folks not doing their own repairs it’s probably a good thought. Heck, what’s another $1500 on top of the $70-$80k for the rig.

 

[Stbentoak]

It is a common misconception that if you buy an extended warranty on a brand new vehicle that it runs alongside the factory warranty which isn't true unless the company is a crappy one you don't want a warranty from anyway. Any quality extended warranty will start after the bumper-to-bumper expires. I used to be in the camp of extended warranties are a waste of money but I now think it is suicide not to buy one with how expensive these newer trucks are to repair unless you get rid of the vehicle as soon as the warranty expires which is a bigger waste of money.

Yes, but here’s the catch on that, if you buy an extended warranty when the vehicle is new, the price is much less than if you shop for it at the end of your 3/36. Practically all vehicle extended warranties run concurrently. Doesn’t mean you can’t buy them at the end of the factory warranty, but you’ll pay more.
I bought a 6/72 comprehensive policy from Zürich. I also called them and gave them a list of specific parts that I know could be problematic on this vehicle that are diesel related, and they confirmed to me that those parts are covered. That’s enough in my mind to make me think it was worth the money, let alone other things that could go wrong that will be covered also.
One thing I have noticed about these policies is they used to go out eight years plus, but the longest I could buy on my vehicle was 6/72....