I've been poking around on here for awhile now. My husband and I just bought a 2009 SS auto with 25,200 mi. We bought it last Friday, 125 mi from home, so the deal was done late at the end of the day. It was whirlwind.

We know we got a great car for a good price. We didn't want silver, but this was a much better car than what was out there, plus it had the cool red seat trim. Once we saw it in person we really liked the silver and kind of like that it's a sleeper color.

We signed the loan papers and added an extended warranty, but there was a communication snafu on Friday from our "young new salesman" as it was put to me. Anyway, we now have the opportunity to change our mind.

If I keep the extended warranty it means about the same monthly payment, but it adds a year to the loan. The car comes free with a 12 mo power train warranty ($50 deductible). This one is 48 mo/60,000—from day of purchase—premium plus ($0 deductible). It's $2,000, but the diff between the longer loan with this extended warr, and the shorter loan without it is $3,500.

We work at home and everything is close to us, so we won't be putting many miles on the car. My husband is not a mechanic by trade, but grew up working in his Dad's shop. He's always fixed our vehicles. And at least this one would be a labor of love. Yes, I think he likes the SS a little better than my old PT.

I don't want to pay the extra money, but don't want to do something stupid. I estimate we'll only have around 50,000 mi 4 yrs from now. With this low mileage do you think it's a big risk not to have the extended warranty?

 

I just bought my SS today from Carmax.

It had 50K miles on and since it is a 2009 the power train warranty is up this month so pay attention to the miles/time on that. Even though im not at my 100K miles a 2009 is old enough to loose the GM warranty.

I opted for carmaxs MaxCare which was 2K and a $300 ded ($250 if you take it to a car max) and its covered bumper to bumper for 5 year /125k miles

I figured since this is a turbo car and an engine/transmission problem could be costly to fix I jumped on it. If anything small happens I'll more than likely purchase parts and fix it myself but I don't want to mess with any engine stuff just in case.

 

I was following your purchase on here, sinabu. Congratulations on your new beauty.

Your warranty seems like a better deal than mine. We bought from a Ford dealership, but it's part of a whole "auto group" which includes Chevy and just about everything else.

The salesman originally said it was 6 year bumper to bumper, but then the manager came out to correct him. So now we have the 4 yr which doesn't say bumper to bumper, it says premium plus the next step below.

 

Thanks!,

Yeah that's a tough call. The no deductible is nice on that one and my main concern would be that it covers Engine/Transmission/Turbo and all those parts. If a radio goes bad that's easy enough to replace with aftermarket or eBay without much out of pocket cost if you do the work yourself. Since the dealer is giving you a Power train warranty for a year and the extended warranty is not bumper to bumper I would sway on the side of not getting it, especially being that it's lower miles too and have at least the year for any major mechanical issues.

It's just that cost for extra peace of mind I suppose.

 

I'd just say no to the extended warranty, unless it is in writing on your copy of the bill of sale, the young salesman would have had to have a manager sign the paper work and thus agree to the conditions of the warranty he offered. but follow your instincts

 

Read the fine print on that warranty feral, they are usually biased in the favor of the warranty company, and I'm not too thrilled with the "Bait & Switch" deal perpetrated on you by the dealer's F&I person.

I've seen some interesting language and clauses in extended warranties, like "Transmission Coverage" that only covered the transmission case, not the internal components. In 30+ years I have never seen a transmission case break unless the vehicle hit something on the road. In that case the warranty would be useless as the repairs would fall to your auto insurance policy's "Comprehensive" coverage.

Before committing to the dealer's warranty, go online and research aftermarket used car warranty plans, you will probably find a better deal.

 

I didn't think to do that, thanks. Wow, I am finding way better plans — longer coverage for the same price. Just have to see if they'll finance. The dealer one is, of course, already worked into the loan.

I'll check around some more and figure out what to do.

 

I bought a gm extended warranty before the 3/36 was up. i paid around $800. i probably used it for $800 in repairs. so i broke even so far. I would recommend keeping your $2k in the bank in case of repairs and skipping the extended warranty. and remember you have a 12 month, 12,000 mile warranty. the extended warranty runs concurrent. you will only have 3 years left after that expires. 3 years for $2,000 on a low mileage car isnt the greatest. plus you may still have some time left on the 5/100 factory powertrain.

 

Get your head on Straight before you decide. These plans are Custom made for confusion for the customer.
A few things to check out are things like,

1. When does you plan start and end ??
Most start on the sign date for time, but end when the car hits the plan mileage which does count the miles you already have on the car.
You would have 4 years time but 60,000 miles less the mileage on the car when you signed up.
2. Check the price of the plan with a small deductable ..$100 -$300 to see if it is worth the gamble.
3. Most companies offer Multiple Plans at different prices for each. Be very carefull you don't get suckered on the level of coverage you want.
Any plan lower then the top premium one is going to give you less items covered and other take backs.
4. Ask what your options are if decide to sell the car before the warranty expires.
Is it transferable? How much to transfer it?
Will they refund you a pro-rated amount in cash instead?
How is the pro rated refund figured .. Most are based on the mileage not the time.
5. Where can you take the car for repairs? A GM Dealer?

As I said, take a little time if they will allow it, and get it straight before you decide.

SF

 

Welcome. The silver with the red trim looks ....racy...

I believe He will like it better too.