Extended Warranty

GM offers extended warranties through Fidelity as well. I have used them and they are easy to deal with and make necessary repairs. I purchased a 7yr/70,000 mile warranty for the price you were quoted.

Never believed in extended warranties. Always thought they were a waste of money.

I think you have to decide how you will be using your truck. If you are only towing 500 - 1,000 miles a year and then just some local driving, maybe you won't get your monies worth from an extended.

My truck miles are probably 80% towing a heavy fiver or more. I just figured I was really maxing my truck out to it's limits. I waited until the factory almost expired and then searched on-line and found an extended ESP Ford warranty from a dealer that was about 40% cheaper than my dealer.

But extended warranties are almost like an insurance policy, expensive and you may never need it.....but if you do?

Gonecamping444 wrote:
They wanted $2,200 for another 3 years 100,000 miles,I didn't buy it.Thats GM price.

That price is absurd. 8 years 100K miles isn't bad to warranty until though. With the modern diesels and all the expensive parts I would consider the warranty for substantially less money.

My old SUV had a 10 year 100K mile powertrain warranty when I bought it new. I figured it was stupid, anything that might break would happen before 3/36. Well, 7 years after buying it and the week before we left for a family trip 500 miles away I saw a puddle of trans fluid under my SUV.

Had it towed to the dealer under warranty and fixed under warranty. It was something stupid like a guide plug in the trans. I cannot remember the cost, but it was over $2500 DEALER COST to fix it. I'm sure if I had been a cash customer it would have been much more.

Next new car I bought was the bride's car. Bought the extended warranty for an additional 5 years for a reasonable price. After the factory warranty expired her radio died. Took it in to the dealer, they replaced the radio under warranty. The radio cost more than I had paid for the warranty! Radio died a second time before the warranty expired. Even if I had replaced the stock radio with an aftermarket twice, I still came out ahead with warranty.

Bought the 8 year on my truck. Last year I heard a horrible grinding noise in the rear. Turns out my rear bearing was going bad. They wanted over $2000 to replace them. Covered under warranty. I paid less than $700 for the warranty which saved my from a $2000 bill. I still have 3 years left on it too.

No one knows better then the manufacturer what to charge and still make money,like a casino the odds are known only to them.
Put the money in a term acc and make interest on it your self.
Its a mugs game.

The warranty starts after the first warranty is over,They can put the cost of the warranty in with your truck payment if you want too.I think it would be more money if you waited until the first warranty was about over.

downtheroad wrote:
Didn't your new truck come with a warranty?
Not sure why you would want to 'double warranty' your brand new truck that is already covered under a very solid GM factory warranty for the next 5 years.

The extended warranty starts... after.... either the 5 year/# of miles on the standard warranty expires.

I've had GM extended warranties and they've been excellent. I had one extended warranty that was an insurance plan and they declared bankruptcy.

I put lot's of miles on my vehicles and they receive hard service and also good maintenance.

But I've still made claims on extended warranty.

Modern vehicles have an awful lot of electronics and electronics are expensive to fix.

Modern vehicles are also very expensive to repair....in every aspect of the powertrain.

I also like to fix my costs, I don't want any big $$$$ surprises. The extended warranty does 'fix' my repair costs.

Also I like the peace of mind aspect.

On some vehicles, my claims didn't exceed the additional cost of the extended warranty...on other vehicles it did. Sometimes you eat the bear, sometimes the bear eats you. But at least when the bear eats you, you limit the damage by having the extended warranty cover the costs.

To me it's worthwhile.

Didn't your new truck come with a warranty?
Not sure why you would want to 'double warranty' your brand new truck that is already covered under a very solid GM factory warranty for the next 5 years.

Softballdad wrote:
From my own experience I've purchased two warranties in the past. I have one on my truck that has just about paid for itself, and had one on a Honda Odyssey that was never used. Honda gave the money back at the end of the accrued mileage since I never filed a claim on it. I got that in writing when it was purchased. Domestic manufactures don't offer money back (that I'm aware of) if you don't file a claim. The bottom line is if you can afford to pay for repairs I wouldn't buy it, but if not it could be money well spent.

Chrysler did when I bought mine in 2009. Do not know about now

From my own experience I've purchased two warranties in the past. I have one on my truck that has just about paid for itself, and had one on a Honda Odyssey that was never used. Honda gave the money back at the end of the accrued mileage since I never filed a claim on it. I got that in writing when it was purchased. Domestic manufactures don't offer money back (that I'm aware of) if you don't file a claim. The bottom line is if you can afford to pay for repairs I wouldn't buy it, but if not it could be money well spent.