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Truck Warranty? #8980243 05/29/13 01:59 AM
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Lucky Al Offline OP
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I know this should go on another page, but this page is prob. the most read, and I can sure use some info soon.
I just bought a new GMC Sierra, and I also signed for an extended warranty. I'm wondering if it's really worth it. What experience have you guys had? I can return the warranty within 30 days (soon). Thanks in Advance.

Re: Truck Warranty? [Re: Lucky Al] #8980267 05/29/13 02:07 AM
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rhodes54 Offline
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Dodge gives the first 100000 miles free but the extended warrinty is great if your going to drive a lot of miles.

Re: Truck Warranty? [Re: Lucky Al] #8980282 05/29/13 02:11 AM
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Kris_tx Offline
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I think it's worth it. Better to have it and not need it.

Re: Truck Warranty? [Re: Lucky Al] #8980304 05/29/13 02:14 AM
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WAWI Offline
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I drive a ton, 40-50k a year, I have never bought one and never been sorry, I regularly run a vehicle to 200 k plus miles. If a vehicle breaks I get it fixed or get another. If you are worried about repair costs then it might be a good idea for you. I figure they are making money off of them and I can cover the repairs myself so I will just self insure. Last 2 vehicles 450k total miles, $2800 in out of warranty repairs. Both of these have had a 100k power train standard.

Re: Truck Warranty? [Re: Lucky Al] #8980420 05/29/13 02:36 AM
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Chuck N. Wind Offline
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My best advice would be to sell/trade it just before the warranty expires. I had an extended warranty on my Jeep, nothing wrong at a final checkup, and then about $1000 in repairs within a month of the warranty expiring, and more since then. I would have been better off just saving the money I spent on the warranty to pay for the actual repairs.


God does not charge time spent fishing against a man's allotted life span. - Indian Proverb
Re: Truck Warranty? [Re: Lucky Al] #8980476 05/29/13 02:49 AM
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Flyer Offline
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How long do you plan on owning the vehicle?

How much was the warranty?

You can PM me these details and I'll give you my perspective.

In a nut shell I didn't buy one when I bought my Tahoe other car or boat. The finance guy at the boat dealership laughed when I asked the questions I asked because he has never had anyone ask them but he immediately stopped trying to sell me on the ext warranty. He knew it was a lost cause. wink

Re: Truck Warranty? [Re: Lucky Al] #8980627 05/29/13 03:20 AM
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COHLMEYER Offline
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For what it costs (minor) its worth it. I have it in every vehicle ( a ton of them) wouldn't be caught without it. I typically don't keep one long enough to see if it pays off however if the wife ever puts the strong arm down on me I will have it for the long run. Never know what wil happen or when, and these new trucks can get very expensive in a hurry.

Re: Truck Warranty? [Re: Lucky Al] #8980661 05/29/13 03:29 AM
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basseditor Offline
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2007 GMC Sierra with 90,000 miles now, even though it has 100,000 warranty, the five years came first. I bought ext. warranty. Needed it to replace power steering, but paying full price for PS would have cheaper than ext warranty. I did negotiate price on ext warranty. I figure they double their cost as the list price so I offerd to buy at 50% off. But settled at 25% off.

Re: Truck Warranty? [Re: Lucky Al] #8984668 05/30/13 03:03 AM
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Stump jumper Offline
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My policy is to never buy them on anything. The money I have saved will pay for any repair. I do not buy products that I think i need an extended warranty on. When i bought my new Toyota the finance guy gave me the hard sell. I told him to keep talking and i was just going to turn around. He finally said $10/month and i bit. That is until I got to work and ran the numbers and found out he goofed. I had him redo the paperwork without it. Keep in mind there is a lot of room for negotiation in them.


2200 Bay Champ/200 Mercury Optimax
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Re: Truck Warranty? [Re: Lucky Al] #8985684 05/30/13 01:56 PM
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snmcc Offline
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If only buy a car every 15 years yes....otherwise I never buy them



Boatless for minute
Re: Truck Warranty? [Re: Lucky Al] #8985687 05/30/13 01:57 PM
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snmcc Offline
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GAP is another story and worth the 300 bucks



Boatless for minute
Re: Truck Warranty? [Re: snmcc] #8986531 05/30/13 05:23 PM
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Stump jumper Offline
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Originally Posted By: snmcc
GAP is another story and worth the 300 bucks
$300 on what? I am not a fan of Gap either but the costs that have been presented to me were higher than $300. I know it is based on loan value. Last time I got a quote on Gap it was like $500 on $28k.

Last edited by Stump jumper; 05/30/13 05:23 PM.

2200 Bay Champ/200 Mercury Optimax
2017 Tundra TSS 4x4 Crewmax 5.7L
Re: Truck Warranty? [Re: Lucky Al] #8986632 05/30/13 05:43 PM
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Gap is to cover negative equity. If you KEEP equity in your vehicles from down payments and good trades GAP is useless.

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