Going to try to take a poll here. My 2008 has 20K and GM wants $1712 for an extended warrenty. Worth it?

Jim

 

It is never worth it. The odds are stacked in their favor. Huge money maker for them.

 

Save the dough in your own bank, & you will have it should the need arise..

 

X 2 Keep the money in the bank because when you read the fine print on these extended warranties you find odd little things like the transmission case being covered, but not the internals.

 

Plus I think they even have a deductible believe it or not, every time you take it in for service. So yea, it's a no loose situation for them, I think a $200 ded.

 

Most of the time, I'd say leave the money in the bank. While I worked for a dealership I got the extended warranty at cost; which, with our Malibu and a zero deductible, had easily paid for itself with a few visits.
With my current HHR, I had gotten the an extension of the GM bumper to bumper certified plan and an extended powertrain plan thrown in at half of what I used to pay where I worked, and it is still with a zero deductible. I can also still cancel it an get a pro-rated refund if I sell/trade-in.

If the economy and finances were different, I usually wouldn't bother. However, if you've maintained the vehicle and know its history you should have a good idea of the reliability of your vehicle. There's also many other companies out there offering plans which may or may not be better and more affordable.

 

I've taken extended warranties in the past. some I have made out on, while others were not even used.

I've never heard of one with a $200 deductible though, as retrolled has said. If there is even a deductible, the most I've ever seen is usually $50 or maybe $100 tops (and that's usually only if it's through a second party).

I just think it all depends on your financial situation, or personal abilties to fix problems should they arise.

also, warranties are like car prices. you can always talk them down in price. If you don't know much about cars, go for it, but don't pay that price

 

I decided to pick one up before the 3 years 36k. I had the HHR 30 months and less than 24,000 miles. the price goes up after 24,000 miles.

I bought it at gmoutlet.com 5 year 40,000 mile for $960 0 deductible

 

So does that buy you a total of 8 years/76k miles or 2 years/4k miles (inclusive or exclusive of factory warrantee)? If it's the former, and if they cover the things that actually break as in the original factory warrantee, then it's a remarkable deal.

 

it covers my hhr from the day i bought the extended warranty it is covered until feb 2016 or 63900 miles.