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jbres's avatar
jbres
Explorer
Aug 23, 2013

Found a new tow vehicle..Opinions on buying warranty

Finally I think I am sold on a newer tow vehicle to replace my Tahoe that I wasn't happy towing with.
I found and have a deposit on a 2007 Chev 2500HD 6.0 2wd Crew Cab w/4.10's gear ratio and ONLY 37,000 miles. This truck should have plenty of power (plus some) and stability to pull my 6,700# 27' trailer.
Here is the big question. Should I buy the aftermarket warranty the dealer has to offer?
The truck is a 2007 with only 37,000 miles and came out of Florida. Has no rust and underbody has been undercoated. The dealer is offering to sell a warranty through "Diamond" warranty company.
Warranties are as follows and they cover major components.
1 YEAR UNLIMITED MILEAGE: $ 995
2 YEARS UNLIMITED MILEAGE: $1,195
3 YEARS UNLIMITED MILEAGE: $1,395
4 YEARS UNLIMITED MILEAGE: $1,695
I am reluctant into buying another aftermarket warranty as when I bought my Tahoe I spent $700.00 bucks on a 3 year warranty and two years later got a letter saying "Great Lakes Warranty Corporation" filed bankrupt and I never got a $ back.

26 Replies

  • kalynzoo. So I can just call wholesalewarranties.net and they can give me advice on this "Diamond" warranty company??
  • Contact Wholesalewarranties.net. They represent a group of companies with history and good rating. I've been satisfied with their suggestions and it costs nothing to call or e-mail.
    JMHO
  • unfort. although I am happy so far with the dealer, they don't offer any 30 day warranty in the sales price
  • Aftermarket warranties usually aren't worth the paper they are written on. Good luck collecting on any claims.

    The selling dealer should give you a 30-day warranty in the selling price. That is usually enough to find anything needing repairs that you missed on your own pre-sale inspection.
  • I am not personally a fan of aftermarket warranties and would really only consider one on a complex vehicle that was prone to problems. I don't think the Chevy 6.0 likely falls into that category. I would say keep the money. Chances are you'll come out better in the long run.

    Enjoy the new rig!