What are you guys/girls paying for extended factory GM warranty's for new vehicles. ??I know there is a ton of markup on these.

What are you guys/girls paying for extended factory GM warranty's for new vehicles. ??I know there is a ton of markup on these.

I don't buy the extended warranty. To me it's a waste of money.
I've worked on engines all my life and if work needs to be done on my vehicle, I do it myself and make sure it's done right (I'm trying to talk bad about the people who work as mechanics).

If you think you need a warranty, simply open a savings account. Figure out how much the warranty will cost, and divide it by whatever you think the useful life of the warranty is. Put that amount of money in a savings account. Granted, you have some risks in the first few months until you get a pool built up. After that, you are paying yourself rather than an insurance company!

Great advice! Your monthly contribution to the account should be small during the first 3 years or 36k miles. After that, failure is more common and your investment should increase every year thereafter.

I plan on keeping my truck for the long term. I will buy the extended warranty. After having looked at what it covers, it's just about everything except for normal wear and tear. You can shop using the Internet and buy the warranty from any Chevrolet dealer in the country. When I bought my truck they actually tried to sell me a non-GM extended warranty. There have been so many so called "third party" warranty companies go out of business that most dealers won't even accept them for work. If you buy one, make sure it's the real GM warranty.

MTPockets wrote:I don't buy the extended warranty. To me it's a waste of money.
I've worked on engines all my life and if work needs to be done on my vehicle, I do it myself and make sure it's done right (I'm trying to talk bad about the people who work as mechanics).

And then come onto GM websites asking everyone how to fix your vehicle, throwing parts at it because you don't have he proper diagnostic equipment. (I'm trying to talk bad about the people who want things diagnosed for free and fix it themselves then get pissed off because it doesn't fix it)