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Corvette
C7 Forum
Extra Warranty Coverage?
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<blockquote data-quote="ojamali" data-source="post: 65966" data-attributes="member: 2023"><p>The extended warranties are an excellent product for those who are financing their purchase in my opinion as it would help to manage your budget in case of unexpected repairs before your payments come to an end. If its a lease then you would likely not need the extended warranty. Just stick with getting your XS Wear coverage as it would cover most things such as minor scratches, dings and dents, windshield chips etc. As Chevy and GMC full warranties are for 3 yrs/60000 KM it might be a good idea to only lease these brands for 3 yrs instead of leasing for 4 yrs and then having to purchase extended warranty for the extra 1 yr/20000KM. Buick and Cadillac standard warranties are for 4 yrs/80000Km so they are ideal for 4 yrs lease in my opinion. </p><p></p><p>If you are buying it out with Cash then likely you can afford to expose yourself to the risk of unexpected repairs running into thousands but I would still recommend it. The only people I know who did not benefit from the extended warranty are either people who decided to sell/trade-in their vehicle before the extended warranty came into effect or those whose vehicle got stolen or salvaged due to a total loss accident. </p><p></p><p>There are 3 key things to note in all extended warranties:</p><p></p><p>1. Length of Warranty -- How many years will it cover</p><p>2. Mileage -- How many KM covered</p><p>3. Deductible -- It ranges from $ 200 - $ 0, however, most people seem to select $ 100 for some reason. </p><p></p><p>When selecting your extended warranty there are afew things to keep in mind. </p><p></p><p>Always go with extended warranty from the manufacturer if that is offered/available. So for any GM vehicle go for GMCL. Ford go with Ford Warranty etc. For eg suppose you buy are buying a used Stang from a GM dealership you will likely get offered GMCL or a third party warranty for it. I would rather go with a GMCL warranty for it than a third party warranty as sometimes these can be fly by night warranty companies or known to deny valid claims whenever you can or they have complicated claim processes.</p><p></p><p>SmackYYZ did a great job at explaining the Platinum Security product. In my opinion this product doesn't really prevent or provide any "security" for the purchaser, but it potentially reduces the reselling price of the components and parts of the vehicle as most reputable shops would avoid getting involved (hopefully). The potential benefits therefore only come into effect after the theft. But for $ 200 - $ 300 you cant expect too much I guess.</p><p></p><p>The paint and leather protection can be quiet useful actually. Especially if you are a smoker and are prone to getting cigarette burns on your seats. For those of you who are non-smokers and prefer to prevent any scratches on your paint job go for XPEL or 3M to get a full protection. Its always better to prevent damage then to fix it after the fact -- but it does cost a LOT more.</p><p></p><p>Hope this helped.</p></blockquote><p></p>
[QUOTE="ojamali, post: 65966, member: 2023"] The extended warranties are an excellent product for those who are financing their purchase in my opinion as it would help to manage your budget in case of unexpected repairs before your payments come to an end. If its a lease then you would likely not need the extended warranty. Just stick with getting your XS Wear coverage as it would cover most things such as minor scratches, dings and dents, windshield chips etc. As Chevy and GMC full warranties are for 3 yrs/60000 KM it might be a good idea to only lease these brands for 3 yrs instead of leasing for 4 yrs and then having to purchase extended warranty for the extra 1 yr/20000KM. Buick and Cadillac standard warranties are for 4 yrs/80000Km so they are ideal for 4 yrs lease in my opinion. If you are buying it out with Cash then likely you can afford to expose yourself to the risk of unexpected repairs running into thousands but I would still recommend it. The only people I know who did not benefit from the extended warranty are either people who decided to sell/trade-in their vehicle before the extended warranty came into effect or those whose vehicle got stolen or salvaged due to a total loss accident. There are 3 key things to note in all extended warranties: 1. Length of Warranty -- How many years will it cover 2. Mileage -- How many KM covered 3. Deductible -- It ranges from $ 200 - $ 0, however, most people seem to select $ 100 for some reason. When selecting your extended warranty there are afew things to keep in mind. Always go with extended warranty from the manufacturer if that is offered/available. So for any GM vehicle go for GMCL. Ford go with Ford Warranty etc. For eg suppose you buy are buying a used Stang from a GM dealership you will likely get offered GMCL or a third party warranty for it. I would rather go with a GMCL warranty for it than a third party warranty as sometimes these can be fly by night warranty companies or known to deny valid claims whenever you can or they have complicated claim processes. SmackYYZ did a great job at explaining the Platinum Security product. In my opinion this product doesn't really prevent or provide any "security" for the purchaser, but it potentially reduces the reselling price of the components and parts of the vehicle as most reputable shops would avoid getting involved (hopefully). The potential benefits therefore only come into effect after the theft. But for $ 200 - $ 300 you cant expect too much I guess. The paint and leather protection can be quiet useful actually. Especially if you are a smoker and are prone to getting cigarette burns on your seats. For those of you who are non-smokers and prefer to prevent any scratches on your paint job go for XPEL or 3M to get a full protection. Its always better to prevent damage then to fix it after the fact -- but it does cost a LOT more. Hope this helped. [/QUOTE]
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C7 Forum
Extra Warranty Coverage?
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