Are extended warrantys really worth getting ?

May 10, 2005 3 Replies

Has anybody purchased a extended warranty online and had problems ? what is a good company to go with any suggestions



I've only bought one extended warranty in my life. I bought it from the Chevy dealer that I bought the car from. It wasn't a GM extended warranty, it was from a company called dimension. But that's who the dealer recommended. I had no problems with it and used it a lot. It actually paid for it's self in two repairs. I bought it because I was uneasy about the 3.4 DOHC motor that was in the Lumina. But ended up using for a lot of non-motor issues as well.

transmission - $1600.00 rear wheel spindle, - $1200.00 alternator - $550.00 timing belt ( my heavy foot ) $770.00 leaking oil pan gasket - $450.00

I paid $1500.00 for the warranty, a 4 year - 50,000 mile warranty with a $100.00 deductible. I bought the car with 32,000 miles on it, so the dealer could still offer an extended warranty as it was still under factory warranty,

Would I do it again? You bet, as long as I was going to keep the vehicle a long time. Chances are most problems that should be a warranty item will definitely show up before 85,000 miles. And if you don't do a lot of the repairs your self, it gets expensive fast. This car was my work car and I preferred to drop it off at the dealer near where I work to get items repaired. It was more convenient for me to do this at the time as I was very busy.

HTH

Brian

I purchased one when I bought my Tahoe in 2003. Haven't had to use it yet, It presently has 16,000 miles on it. To me it is peace of mind knowing I can keep the car for a long time, and still have it covered.

Mark

i always get a GMPP its a GM warranty. with that i know most if not all gm dealers will take it.

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