: What is the scoop on extended warranties for the V?



edsuski
10-20-08, 11:04 PM
What are the extended warranty options for a V - and which programs offer the “best” coverage? I am a child of a GM retiree and imagine that I could get some kind of GM discount on a GM program. I wish Cadillac offered a similar program to BMW. What is your advice on extended warranty program(s)?

Thanks in advance.

Caddyscat
10-21-08, 12:44 AM
I would choose the extended factory warranty. I did on my 2002 WS6 and it pretty much paid for itself. Dealer warranty generally covers powertrain - which GM now covers for 5yrs or 100,000 miles. The factory warranty is bumper to bumper. no deductible (at least the one i had was). I extended from 3yr-36,000miles to 7 yrs-75,000 miles.
Just my 3 cents.

Bigron
10-21-08, 09:36 AM
I used to work for the GMPP division at GMAC (still work for GMAC) with many connections in that division still.
There is an employee price for GMPP on brand new vehicles, wheather or not the dealer gives/offers you that price is a different story.

If the new CTS-V is like the old one, they grouped the CTS and the CTS-V into the same category and had a very competitive price.
I will call today to see if there is any update.

edsuski
10-21-08, 10:33 AM
I used to work for the GMPP division at GMAC (still work for GMAC) with many connections in that division still.
There is an employee price for GMPP on brand new vehicles, wheather or not the dealer gives/offers you that price is a different story.

If the new CTS-V is like the old one, they grouped the CTS and the CTS-V into the same category and had a very competitive price.
I will call today to see if there is any update.

Bigron,

Thanks for checking. Please don't publish any confidential employee pricing - I can check that myself. Are you thinking that the GMPP program would be the best?

Thanks again.

Ed

Bigron
10-21-08, 11:36 AM
Don't worry, I never have and never will post prices.
I have had people pm me the price they were offered and I have told them if they were being severely overcharged. GMPP has published employee pricing and MSRP price books, but dealers are able to set their own price.

I do think GMPP MG coverage is the best for the vehicle.
I have sold/worked with many different service contract companies. The ease of claim submission and availability of repair faculties with guarantied GM parts makes the GMPP difficult to compete with. They are typically priced a little higher than similar coverage policies, but for peace of mind I purchased a GMPP.

I have a call into a contact to see what the story is.

Edit: Just so I do not get into another CPO vs GMPP argument, CPO coverage is second to none, it is an extension of the factory warranty. The above question is best available service contract at the time of purchase for a new vehicle.

rayainsw
10-21-08, 12:04 PM
What are the extended warranty options for a V - and which programs offer the “best” coverage? I am a child of a GM retiree and imagine that I could get some kind of GM discount on a GM program. I wish Cadillac offered a similar program to BMW. What is your advice on extended warranty program(s)?

Thanks in advance.


I chose GMPP for my Corvette, last year.
At that time, this was true:
"PLEASE NOTE: You are able to purchase the plan at a lower new car price if you have owned your vehicle
less than 12 months and have less than 12,000 miles on the odometer."
Meaning:
If you do not buy GMPP at the time you purchase
you can still purchase ( at the same price )
up to 11.99 months after purchase -
or up to 11,999 miles -
whichever comes first...

So - I bought at 11,500 miles -
and about 8 months after purchase.

Good luck!
- Ray
At 30,000 miles now......

edsuski
10-21-08, 12:11 PM
Don't worry, I never have and never will post prices.
I have had people pm me the price they were offered and I have told them if they were being severely overcharged. GMPP has published employee pricing and MSRP price books, but dealers are able to set their own price.

I do think GMPP MG coverage is the best for the vehicle.
I have sold/worked with many different service contract companies. The ease of claim submission and availability of repair faculties with guarantied GM parts makes the GMPP difficult to compete with. They are typically priced a little higher than similar coverage policies, but for peace of mind I purchased a GMPP.

I have a call into a contact to see what the story is.

Edit: Just so I do not get into another CPO vs GMPP argument, CPO coverage is second to none, it is an extension of the factory warranty. The above question is best available service contract at the time of purchase for a new vehicle.

Bigron,

I apologize, but I do not know the differences between CPO and GMPP. Could you enlighten me? Are both available through GM?

Thanks

Ed

Bigron
10-21-08, 12:20 PM
Cadillac's Certified Pre-Owned program which is not available on a brand new car.

Bigron
10-21-08, 12:30 PM
I chose GMPP for my Corvette, last year.
At that time, this was true:
"PLEASE NOTE: You are able to purchase the plan at a lower new car price if you have owned your vehicle
less than 12 months and have less than 12,000 miles on the odometer."
Meaning:
If you do not buy GMPP at the time you purchase
you can still purchase ( at the same price )
up to 11.99 months after purchase -
or up to 11,999 miles -
whichever comes first...

So - I bought at 11,500 miles -
and about 8 months after purchase.

Good luck!
- Ray
At 30,000 miles now......

You partially correct.
There is no dealer cost difference between a brand new car and a 11.9 month / 11,999 mile car. There is a day two surcharge, though that the dealer can charge that would increase the price. Also employee pricing is for brand new vehicles only. Dealers could still offer employee pricing after the time of the sale but it is not "required".

Also many people may want to include the service contract in the financing which could only happen at the time of sale.

JEM
10-21-08, 12:56 PM
Cadillac's Certified Pre-Owned program which is not available on a brand new car.

I'm not saying it's necessarily a legitimate thing to do, but in the recent past I'm aware of a number of cases (not Cadillacs) where someone went to a cooperative dealership and bought a CPO used car that looked an awful lot (right down to the VIN) like the car they'd just traded in on it. Of course, a suitable premium was paid over the trade-in value.