Warranty option
#1
Warranty option
I have a 2004 Trailblazer with 109,000 miles on it and have an opportunity get an extended warranty for about 2700.00 that would be 4 years and 75,000 miles that would cover engine, transmission, 4x4 components, alternator, water pump, oil pump. Parts, labor, fluids, taxes. All for 100.00 deductible for any repairs. I can take 24 months to pay on it, or do 12, 18 months. The 24 months would cost 147.00 down, and 109.92 a month. No penalty to pay off early. Warranty can be transferred if I would sell it, or trade in. Can get a refund if needed also. Any thoughts would be great.
#3
Ok thanks, I did check with my dealer and it is a company that they use when selling used vehicles. It is on the better business bureau's list of top companies too so that is a good thing. I found out the total cost is 3035.00 for the warranty. Its not a lot per month but I hate to pay that much and then never need it. Then at the same time, if I do need it and do not have it then I am screwed.
#4
the only warranty I would buy is through gmpp.
I see all the other ones come in and they are limited in what they cover. Read through the contract...there will be 2 pages of fine print. I've seen one customer buy a $1700 warranty package...then was pissed the next month when it wouldn't cover a $100 wheel speed sensor.
I have seen some warranty plans save the day when catastrophic failure occurs but this is uncommon.
Warranties are based on statistical data. Every part has thousands of hours of mean time to failure testing. The warranty is set to expire well before the fail time. Its like gambling against the house, the odds are in there favour. How lucky do you feel?
What kind of vehicle is it? What is its primary usage?
I see all the other ones come in and they are limited in what they cover. Read through the contract...there will be 2 pages of fine print. I've seen one customer buy a $1700 warranty package...then was pissed the next month when it wouldn't cover a $100 wheel speed sensor.
I have seen some warranty plans save the day when catastrophic failure occurs but this is uncommon.
Warranties are based on statistical data. Every part has thousands of hours of mean time to failure testing. The warranty is set to expire well before the fail time. Its like gambling against the house, the odds are in there favour. How lucky do you feel?
What kind of vehicle is it? What is its primary usage?
#5
the only warranty I would buy is through gmpp.
I see all the other ones come in and they are limited in what they cover. Read through the contract...there will be 2 pages of fine print. I've seen one customer buy a $1700 warranty package...then was pissed the next month when it wouldn't cover a $100 wheel speed sensor.
I have seen some warranty plans save the day when catastrophic failure occurs but this is uncommon.
Warranties are based on statistical data. Every part has thousands of hours of mean time to failure testing. The warranty is set to expire well before the fail time. Its like gambling against the house, the odds are in there favour. How lucky do you feel?
What kind of vehicle is it? What is its primary usage?
I see all the other ones come in and they are limited in what they cover. Read through the contract...there will be 2 pages of fine print. I've seen one customer buy a $1700 warranty package...then was pissed the next month when it wouldn't cover a $100 wheel speed sensor.
I have seen some warranty plans save the day when catastrophic failure occurs but this is uncommon.
Warranties are based on statistical data. Every part has thousands of hours of mean time to failure testing. The warranty is set to expire well before the fail time. Its like gambling against the house, the odds are in there favour. How lucky do you feel?
What kind of vehicle is it? What is its primary usage?
#7
Administrator
I don't know the cost of your ext warranty, but what you will need to look at is lets say it cost $1800 a year... if you don't use it in that time you have just given up $1800. If you were to put that $1800.00 away in a "vehicle repair" fund account and still don't use it at the end of the year, you have $1800.00...
If you use it, the likelihood of a given repair being more then $2200 is not likely... maybe transmission or 4x4 components... they are betting it won't fail, you are betting it will...
If you use it, the likelihood of a given repair being more then $2200 is not likely... maybe transmission or 4x4 components... they are betting it won't fail, you are betting it will...
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#8
I don't know the cost of your ext warranty, but what you will need to look at is lets say it cost $1800 a year... if you don't use it in that time you have just given up $1800. If you were to put that $1800.00 away in a "vehicle repair" fund account and still don't use it at the end of the year, you have $1800.00...
If you use it, the likelihood of a given repair being more then $2200 is not likely... maybe transmission or 4x4 components... they are betting it won't fail, you are betting it will...
If you use it, the likelihood of a given repair being more then $2200 is not likely... maybe transmission or 4x4 components... they are betting it won't fail, you are betting it will...
#9
The motors in these are pretty stout and with good maintenance (timely oil changes at 6000 miles or less ) it should go 200000 miles without a problem. tranny's are more likely to fail than the I6 . Same goes for that fluid and filter changes at 70000 miles will extend those also . With these it will be the smaller stuff , like ignition switches , clusters on earlier models etc..
#10
The motors in these are pretty stout and with good maintenance (timely oil changes at 6000 miles or less ) it should go 200000 miles without a problem. tranny's are more likely to fail than the I6 . Same for that fluid and filter changes at 70000 miles will extend those also . With these it will be the smaller stuff , like ignition switches , clusters on earlier models etc..
Thanks for your feedback. I have not made the purchase of the warranty and feel I made the right decision. The truck does well and will just see how long I can make it last.
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bobbyj
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March 21st, 2015 12:45 AM