: GM Protection Plan worth it?



05Gride
12-20-11, 02:03 PM
Just bought an 08 Escalade with 40K miles! Totally pumped! As I'm finalizing everything with the dealership, I'm looking in to the GM Protection Plan. Essentially I have 5 months and 10K miles left on the factory warranty, and then the CPO warranty will kick in to get it to 2014 and another 60K miles (up to 100K).

Do you find the GMPP to be worth it? lots of repairs that normally wouldn't be covered under the limited warranty that I should be aware of as commonalities that would make the GMPP worth it? Is it really a better resale value when I'd be selling the vehicle in 4-5 years? Any inputs appreciated!

Can I really "shop around" for quotes on the Internet, meaning I don't need my dealer to do it now? If I get it somewhere else does it get massaged in to the financing costs.

Need to wrap this up today and appreciate the inputs!

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Oh and if it makes a difference I "prepaid" for the maintenance for 4 years also.

corvette00
12-20-11, 03:25 PM
I think the CPO pretty much covers everything GMPP would

05Gride
12-20-11, 05:01 PM
I think the CPO pretty much covers everything GMPP would

Yes it does "pretty much" except that the CPO is a "limited warranty". It seems to cover all the same categories of repairs if you will. But I think the GMPP is slightly more inclusive while the limited warranty does have seeming exclusions.

Ultimately that's what I'm battling with though. The actual language in the limited warranty and the GMPP is vague (probably purposefully). So thus the question of whether it's really worth the $2K+ GMPP plan!

05Gride
12-21-11, 12:16 PM
Literally no one has any thoughts on whether the plan is worth it or not? Does that just mean that no one purchased it so can't provide inputs??!

MrHolland
12-21-11, 02:59 PM
I have some thoughts. The manufacturers of these warranties are selling protection against our fears. Who do these protection plans really benefit?? I can assure you that if these plans worked to our benefit the companies selling them would not be in business. I'm certainly not saying I wouldn't purchase the GMPP, I did consider an extended warranty when I purchased my car but in the end declined the coverage. If I were purchasing a problematic car that I expected to fail and wasn't real clear on the history or how it had been maintained, I would consider some added protection. On second thought, I probably wouldn't purchase that car. Nonetheless, purchasing one of these plans, or not purchasing one is a gamble. The only way to validate your decision is to at least break even financially. Do you go to the casino and give away your hard earned money in hopes of walking out with more than you arrived with?? 2grrrr is quite a bit of money to be gambling with and could probably fix several issues as long as you're using a reasonably priced and trusted mechanic. Good luck with your choice.

When I was younger I did purchase one of these plans for a Harley. I made one claim against the policy because the engine began rattling. The shop adjusted the push rods and all was well from that day forward. That push rod adjustment cost me several hundred dollars (cost of the plan) plus a $50 deductible. I lost that gamble!!!

hcvone
12-21-11, 03:42 PM
IMO they are not worth it, BUT can be a help in resale. There of course are many factors like did the first owner beat the hell out of it, which someone who knows their way around cars/trucks could see. To me it's like when they try to sell you the extended warranty for your tv, cell phone, oven, washer and dryer, not buying it.

Big Windy Ext
12-21-11, 03:58 PM
The problem I have with it is that it is sold as a bumper to bumper warranty,it really isn't . Take the shocks as an example,mirrors,wind noise and any rubber gasket and much more are not covered.My last visit was covered by good will (peeling window trim)and the fact that my exterior handles didn't last 12 months from the previous under warranty repair. It has covered my clock so far,time will tell if I gambled wrong.I'm guessing I may break even.

corvette00
12-22-11, 09:09 AM
I would go with CPO and forget the GMPP

cutterman
12-22-11, 01:08 PM
I think it is a good idea for a used car. Sure in the aggregate they make money off of it, but you can work the odds more in your favor by checking your car frequently for leaking seals, worn suspension parts, etc. My sense from reading this forum is that most Escalades need wheel hubs and other front end parts replaced by 70k and those items should just about cover the cost of the extended warranty. Not to mention a major repair or control module failure.

CStradling24
01-04-12, 02:30 AM
I have an 08 EXT with 72,000 miles on it. It still has the remaining factory power train warranty so my question is am I even able to get the GMPP since I am out of my bumper to bumper warranty period?

Cadillac Cust Svc
01-04-12, 10:13 AM
CStradling24,

I would contact your local dealership and ask what kind of protection plan they can offer you.

Thank you,
Evan, Cadillac Customer Service

zam2000
01-04-12, 01:14 PM
Yes it does "pretty much" except that the CPO is a "limited warranty". It seems to cover all the same categories of repairs if you will. But I think the GMPP is slightly more inclusive while the limited warranty does have seeming exclusions.

Ultimately that's what I'm battling with though. The actual language in the limited warranty and the GMPP is vague (probably purposefully). So thus the question of whether it's really worth the $2K+ GMPP plan!

My manufacture warranty expired 18 months ago. Since then, the GMPP plan kicked in, it will expire in 08/2012, and I'm likely to purchase another extended warranty policy.

Agreed that the GMPP is not an EVERYTHING-COVERED as the manufacture warranty. It does have certain exclusive, mostly on wear-and-tear, and trim. However, when the wiper & door trim on my car have the paint & chrome peel off, they somehow still pay for the claim.

In the last 18 months, the warranty have paid out more than $6K for my car repair, most expensive one was for replacing the navigating system & remote starting system. Without the warranty, I would take a big hit on the pocket.

Clearly, the company is not selling the policy, and expect to loose money on it. However, for my case. look like the bet paid off.

I bought extended warranty for every major appliance I purchased. If I need to file a claim, then it's paid off. Else, it means I get a reliable product, and simply purchase a peace-of-mind policy. When my range cook need to have couple burners replaced, to the cost of almost $1000, the extended warranty paid off (paid only $300 for it). For my washer/dryer/fridge/cooler, nothing ever go wrong, so they make good money on me.

Just as with your car, if there's no loan for it, you don't have to buy comprehensive insurance. Liability is enough. But most of us buy it anyway.