Advantages of buying GMPP early in your car's life
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2008-2013 Cadillac CTS General Discussion Discussion, Advantages of buying GMPP early in your car's life in Cadillac CTS Second Generation Forum - 2008-2013; I am closing in on my car's one year anniversary. I bought it in Jan '11 and by the one ...
  1. #1
    droptopron is offline Cadillac Owners Fanatic
    Automobile(s): '10 3.0 AWD Sedan
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    Jan 2011
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    Question Advantages of buying GMPP early in your car's life

    I am closing in on my car's one year anniversary. I bought it in Jan '11 and by the one year mark I should have about 6,700 miles. I expect my usage to stay around that level. My plan is to drive it for seven more years (around 54K miles) and give it to my son as his 1st car. My question is is there a benefit cost wise to buying an extended warranty now and will they offer a plan that is long term enough to be a benefit to me?
    I'd love to hear from anyone who has experience with these plans. Also, I've read online that the cost can vary quite a bit from dealer to dealer. If anyone has experience with that that would be helpful as well. I live in NY but is there any difference if I buy the plan from a dealer in lets say MN or WY?

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  3. #2
    928S is offline Cadillac Owners Connoisseur
    Automobile(s): 2008 CTS 3.6L DI RWD, GMPP new engine 11/2013
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    Re: Advantages of buying GMPP early in your car's life

    droptopron,

    When you purchase GMMP prior to expiration of mfr’s warranties, GMAC begins earning your premium before assuming any liability - a very sweet deal for GMAC. So, in return, GMAC offers coverage at a discounted pro rata refundable price.

    For best deal, purchase GMMP just prior to price breakpoints at 12Kmi, 24Kmi, 36Kmi. I saved by purchasing Major Guard about 10 months before bumper-to-bumper warranty expiration, with 23,991 miles on odometer; at 24,000 miles, the same effective coverage would have cost an additional +17.5% or +$320.

    More here: http://www.cadillacforums.com/forums/2008-cadillac-cts-general-discussion/220713-gmpp-major-guard-extended-warranty.html#post2479698

  4. #3
    droptopron is offline Cadillac Owners Fanatic
    Automobile(s): '10 3.0 AWD Sedan
    Join Date
    Jan 2011
    Location
    Long Island, NY
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    Thread Starter

    Re: Advantages of buying GMPP early in your car's life

    Good info. I guess I have time on it. What are you paying for the coverage?

  5. #4
    928S is offline Cadillac Owners Connoisseur
    Automobile(s): 2008 CTS 3.6L DI RWD, GMPP new engine 11/2013
    Join Date
    Oct 2005
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    USA
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    Re: Advantages of buying GMPP early in your car's life

    droptopron,

    Click the link in my post above...on page 1 my GMPP transaction details and comments from other forum members...page 2 more comments and links to Black Cadillac's online Major Guard pricing tables.

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