Extended Warranty To Buy or Not To Buy

[WWR]

I need some advice. I have a '15 Z51 A8 with 10,500 miles on it. The 3 year warranty expires soon. My question is would you guys buy the GM Warranty that's offered by dealers or would you just "pay as you go?" I have had the shudder fixed and haven't had any problems so far since.
The '15s had a 100,000 mile drive train warranty I think so what would you guys do? Thanks

[John]

Depends on 1,000 factors. Most importantly, if you choose to buy one, as it is a very high margin item, you can do what I and others have done and bid it out to many dealerships, or instead not waste any time and just call Denny Fichtner at Denny Menholt Chevrolet (unless you live in CA for he can not sell to that one state). I have bought two of my extended warranties from him and he was hundreds less on both bidding processes. Moreover, he is friendly, super efficient and knowledgeable. As to whether you should buy one at all, I leave that discussion to others below.

[Boomer]

I decided to "pay as I go" on my 2014 C7 and not get an extended warranty. My bumper to bumper expired about two years ago and I've had no issues.

Consumer Reports did a study on this topic and here's a quote from it: "A CR member survey conducted in 2013 showed that car owners typically paid more for the coverage than they got back in direct benefits."

They also report: "extended warranties are an investment in peace of mind that limits financial risk for a set period of time."

So far I guess I've made the right choice. Saving money on insurance. I'm comfortable with the risks I'm taking.


Here's the CR article:

https://www.consumerreports.org/car-...-for-your-car/

[John]

As Boomer noted, piece of mind and ability to pay are two key issues. If for example, a friend’s 2016 Z06 blew a motor and he could not afford the $30K for an installed new one, then he would have been much better off with an extended warranty.

If is all a consideration of those two primary factors and additionally luck. On my C5, I spend $1,150 for my extended warranty and used none of it. On my C6 however, I spent $1,350 and got way more than that back from it covering expensive repairs that were beyond my three year basic warranty, e.g., got lucky and was super glad to have it. I again bought an extended warranty for my current C7 Z06. So far, I have not used it (my car is now four years old).

[JB]

I usually find buying the gmepp warranty in the 29th month and just below 30k miles was always the best path for me. I go for the $200 deductible if available or $100 if necessary...i camt remember..

i try and go for 4 extra years and an extra 48k miles at that point as i drive about 12k miles per year...

last time i bought an extended warranty it cost me about $1600.

[ltomn]

I just took delivery on a new 2019 Silverardo 1500 High Country Pick Up. It's a beauty and, believe it or not, the steering wheel has some things in common with the one in the interior shots. But I didn't buy the extended GM warranty. $1300 and it gets you from 3 years, 36k miles to 5 years, 100k miles. Sounds good but I drive 15k - 20k miles per year. I can buy it a little later but...

[John]

How exciting for you. I would love to buy the very pickup you have. I am intrigued that your steering wheel has some commonality with the ME interior shots. It will be interesting to see how much when the ME is revealed, and especially when you are driving both of them. Congratulations. May your next truck be forever trouble free.

[Plasboy]

I just took delivery on a new 2019 Silverardo 1500 High Country Pick Up. It's a beauty and, believe it or not, the steering wheel has some things in common with the one in the interior shots. But I didn't buy the extended GM warranty. $1300 and it gets you from 3 years, 36k miles to 5 years, 100k miles. Sounds good but I drive 15k - 20k miles per year. I can buy it a little later but...

Can you post a pic of the steering wheel?

[Plasboy]

I too have a 15 and yes on the 100,000 mile drivetrain. I bought an extended warranty since I plan on keeping the car long term. I can afford a few thousand on repairs if I had to but would rather have the warranty and not worry about it. My two cents.

[WWR]

Thanks everybody. I can't remember what I paid for the warranty on the 2010 I had but I do remember that I got a pretty good refund when I got this car.

[ltomn]

Can you post a pic of the steering wheel?