Extended Warranty?
Newbie
Joined: Mar 2010
Posts: 3
I thought they were a waste until my wife 07 envoy needed a fuel gauge sending unit and soem sort of steering bracket. Deal er quoted me $900 to repair that and the Local guy quoted $750. Still nto a great bargin when the parts alone are $600.
Apparently timing is the key. You need to buy the ext warr before your out of the factory warranty. GM wont even offer one to me now
Apparently timing is the key. You need to buy the ext warr before your out of the factory warranty. GM wont even offer one to me now
4th Gear Member
Joined: Mar 2006
Posts: 2,430
From: Florida
Food for thought: What is one of the most troubled service industries in todays Economy????
Answer: Companies that sell extended auto service plans. Many are going OUT of BUSINESS abrupty with NO refunds. Example....AUTO ONE and is your next or will it be around when you need to use it???
Answer: Companies that sell extended auto service plans. Many are going OUT of BUSINESS abrupty with NO refunds. Example....AUTO ONE and is your next or will it be around when you need to use it???
Thread Starter
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Newbie
Joined: Mar 2010
Posts: 24
From: Robinson Illinois
I was happy with the deal I got until the I found out I could have gotten a toaster.
I think the "ease of mind" is worth the extra $10 on the payment and having a extended warranty and you all bring up some interesting points.
How much money is the dealer making when they sell a extended warranty?
I think the "ease of mind" is worth the extra $10 on the payment and having a extended warranty and you all bring up some interesting points.
How much money is the dealer making when they sell a extended warranty?
In the Staging Lanes
Joined: Mar 2010
Posts: 52
I ve worked at Bill Heard Chevrolet in Union City Ga before they closed down. Ive seen how the service advisors will stab each other in the back trying to sell those warranties. The dealers do get a percentage when one is sold, but ive also seen some customers walk out with their feelings hurt even when they had warranties to cover various maintenance jobs. Keep in mind service advisors and dealers are generally interested in one primary thing, $$$... I am all for extended warranties, but the best warranty guaranteed is 'Doing your homework'...
Senior Moderator
January 2010 ROTM Winner
January 2010 ROTM Winner
Joined: Oct 2007
Posts: 18,306
From: The 'Burbs of Chicago
An extended warranty is nothing more than an insurance policy. They get a sales commission.
November 2009 ROTM
Joined: Feb 2009
Posts: 451
From: Heading west
ROTM Winner's Club
Food for thought: What is one of the most troubled service industries in todays Economy????
Answer: Companies that sell extended auto service plans. Many are going OUT of BUSINESS abrupty with NO refunds. Example....AUTO ONE and is your next or will it be around when you need to use it???
Answer: Companies that sell extended auto service plans. Many are going OUT of BUSINESS abrupty with NO refunds. Example....AUTO ONE and is your next or will it be around when you need to use it???
In the Staging Lanes
Joined: Feb 2010
Posts: 36
From: Ohio
Take your 1700 for extended warranty and buy Citigroup and double your money when your factory warranty runs out. You will have 3,400 for repairs. Until you spend the entire cost on repairs you have no benefit. They are only a good idea for seller. That's why the dealerships push them so much. All profit.
Newbie
Joined: May 2010
Posts: 3
From: Frisco, TX
I opted for the extended warranty just because it's a first year model, and because I put over 60 miles a day on it commuting. I got 5 yr/100K. And with the shop labor rates as high as they are, and because I'm not sure what kind of quality I'm going to get from a Chevy (never owned one), it was a no brainer for me.
