GMPP Warranty Quote

[SolarExec]

So far the best quote I have gotten for the GMPP Major Guard for 72 months /100k miles is:
1) $0 deductible = $1670
2) $100 deductible = $1375

How does that stack up with what others are getting?

PS this is from Bradley Chevrolet which does online quotes at http://www.insider-car-buying-tips.c...arranty.html#1

Justin
Finance Manager
Bradley Chevrolet
928-669-2228

[DonC]

There was a discussion about how useful the extended warranties were. I think the conclusion was they were overpriced and not a good idea. That thread may have information about the cost. I think it was in the "Tracking Your Volt" thread which means I'd never be able to find it! Maybe someone else can help.

[Frankman]

Does the the GMPP Major Guard 72 month extended warranty cover everything up to 72 months from the date of purchase (excluding battery pack that has a longer warranty)? Isn't the cost of the extended warranty determined based on the mileage the car has when the warranty is purchased? I don't normally buy extended warranties but there is so much technology in the Volt, I think it might be worthwile to get an extended warranty.

[scottf200]

Great thread here that should be put in the FAQ (ref in my sig - for some reason I thought it was)

http://gm-volt.com/forum/showthread....highlight=gmpp

[adamsocb]

So far the best quote I have gotten for the GMPP Major Guard for 72 months /100k miles is:
1) $0 deductible = $1670
2) $100 deductible = $1375

How does that stack up with what others are getting?

PS this is from Bradley Chevrolet which does online quotes at http://www.insider-car-buying-tips.c...arranty.html#1

Justin
Finance Manager
Bradley Chevrolet
928-669-2228

Try Dennis Fichtner at Fichtner Chevrolet in Montana. He gave me a great price on the GMPP for my 2008.

His email and phone are:
dfichtner@fichtnerchevrolet.com
406-628-4618, Ext 105.


Here is his post from the CorvetteForum:

http://forums.corvetteforum.com/1572828974-post1.html

[MichaelH]

I believe the conclusion is not that the extended warranty is not worth it, but rather that it pays to shop. The best prices appear to come from third parties, rather than the dealer you bought the Volt from. It depends on miles, deductible amount, and I think the phase of the moon when you buy the policy.

Scott is correct about the reference. It would be nice to keep that one going, because there is more information there in one place.

[Frankman]

After reading through the Volt warranty I it seems that there are a lot more parts covered under the 8 year or 100K mile warranty that I originally thought. I originally thought that this was only for the battery pack. The following is a quote from the warranty (sorry for the long post):

This warranty is for Chevrolet Volt vehicles registered and normally operated in the United States or Canada, respectively. In addition
to the initial owner of the vehicle, the coverage described in this Voltec® warranty is transferable at no cost to any subsequent person(s) who assumes ownership of the vehicle within the above-described 8 years or 100,000 miles (160 000 kilometers) term. No deductibles are associated with this Voltec® warranty. This Voltec® component warranty is in addition to the express conditions and warranties described previously. The coverage and benefits described under “New Vehicle Limited Warranty” are not extended or altered because of this special Voltec® Component Warranty.

For Chevrolet Volt owners requiring more comprehensive coverage than that provided under this Voltec®
warranty, a GM Protection Plan may be available. See your Chevrolet dealer for more details.

What is Covered
This Voltec® warranty covers repairs to correct any Voltec®
component defect related to materials or workmanship occurring during the 8 year or 100,000 miles (160 000 kilometers) term for the following:

Towing

During the 8 year or 100,000 miles (160 000 kilometers) Voltec®
warranty period, towing is covered to the nearest Chevrolet servicing dealer if your vehicle cannot be driven because of a warranted
Voltec® specific defect. Contact the Chevrolet Roadside Assistance Center for towing. Refer to the owner manual for details.

Chevrolet Volt Coverage

Propulsion Battery Warranty Policy Like all batteries, the amount of energy that the high voltage
“propulsion” battery can store will decrease with time and miles driven. Depending on use, the battery may degrade as little as 10% to as much as 30% of capacity over the warranty period. A dealer service technician will determine if the battery energy capacity (kWh storage) is within the proper limit, given the age and mileage of the vehicle. Typical tests can take up to 24 hours.

Repair

If possible, components will be repaired or replaced, and the original battery will be returned to the vehicle.

Replace (If Necessary)

Under warranty, the high voltage battery will be replaced with either anew or factory reconditioned high voltage battery with an energy
capacity (kWh storage) level at or above that of the original battery prior to the failure. Your Volt battery warranty replacement may not return your vehicle as an “as new” condition, but it will make your Volt fully operational appropriate to its age and mileage.

Other Voltec® Components

High Voltage Wiring, Voltec® Control Modules, E-Compressor, Traction Power Inverter Module (TPIM), Accessory Power Module (APM),
and Voltec® On-Board Charger. Brakes Brake Modulator Assembly Electric Drive Unit Electric drive unit assembly and
internal components, including the auxiliary fluid pump, auxiliary pump controller, and 3-phase cables

[honoreitiscom]

My son thinks I'm crazy not to get the extended warranty, with all the new technology in the Volt. But I never buy extended warranties on anything. This is one case where I agree with Consumer Reports. An extended warranty for anything is like gambling, and betting against the house, when the house knows the odds and you don't.

Why do you think the business manager pushes the extended warranty so hard when you're trying to close the sale and move on? Because he is highly compensated for it. Why is he highly compensated for it? Because GM has built his compensation in and a fat profit margin in to the price of the warranty. GM knows the odds are you will pay in more than you get out, and they have way more knowledge about those odds than you or I do as a buyer.

Some who buy it will get back more than they pay in, but most won't.

If it gives you peace of mind to know you won't have some unexpected expense pop up, buy it, it is worth it, but just know that what you are paying for is peace of mind. Just don't go into it expecting it is likely you will get more $ out than it cost to buy it. Sure, it's possible, and we've all heard such stories, but its just not likely. It is also possible to win in Vegas, or to win the lottery.

[SolarExec]

Great thread here that should be put in the FAQ (ref in my sig - for some reason I thought it was)

http://gm-volt.com/forum/showthread....highlight=gmpp

Sorry I should have gone back to that thread on this. I put the previous pricing in, but this quote is $400 cheaper for the 72/100 with zero deductible and $450 cheaper for the 72/100 with $100 deductible.

In general I never buy extended warranties because, as someone said, it is like betting against the house. But in this case I think the odds are a bit less obvious given the new technology. So far this cost of this by shopping around has dropped by $900 from the original dealer quote.

I appreciate that many other may choose not to buy the insurance, but for those who do I will post here (or rather on the other thread) the best price I find. At this stage, Bradley Chevy is the low bidder

[Frankman]

Thanks SolarExec for posting your Major Guard quotes. Please post any updates that you have on pricing. For people that do not drive many miles per year, it apperas that you can save money buy purchasing the combination of lower miles with high months coverage. For example, the post you quoted is for 72 months/100K miles. If you opt for 72 months/48K miles, the cost is $685 less when comparing the costs posted here: http://gm-volt.com/forum/showthread....highlight=gmpp It is obviously less miles coverage but if I drive 6K miles per year I will hit the cap on the number of months before I hit the cap on miles. I'm leaning towards the 84 months/56K mile Major Guard coverage because I drive less miles. Did you get any quotes on the lower miles options?