Extended Warranty

[vettegolfer]

Hi, new member to CAC. Very interesting! I have a 1996 Torch Red Coupe LT4. Prior to the original warranty expiration, I purchased an extended warranty. This week I am using for the first time to correct a gasket oil leak (approx $600 via Dealer). My question is: before this warranty expires, should I extend it further? I guess the real question is, in keeping this Vette, will an extended warranty pay for itself. What type of repairs might I expect? The car is just about ready to hit 40,000 miles. Up to this point the Vette has had only routine maintenance. Thanks for any input.

 

[Hot-LT4]

Have 59,000 on mine. I have only done maint/wear items that wouldn't be warranty in 2 years 7,000 miles. Previous owners have most receipts and the only big item was a wire short involving the ECM and CCM that was almost all labor. $1000 worth, I don't think that dealer diagnosed the problem properly. Depends what price you get quoted and how much out of pocket your comfortable with if something happens. Your call!

Steve
:confused

 

[lt4 gs]

Welcome to both of you ..........what is the cost, company (contract), coverages, miles, and length of the contract.......for the extended plan??

 

[vettegolfer]

Thanks for the Welcome. The cost for the original extended warranty to add 4 years to the factory 3 year warranty was $1100. It covered bumper to bumper just like Factory, and was good for the additional 4 years or 85,000 miles, which ever came first. The company Universal Warranty, Omaha, NE https://www.universalwarranty.com/mic/uwc/us/jsp/UniversalHomePage.jsp They sell the warranty through Auto Dealers, which is where I purchased mine. Same GM Dealer who services my vette.
Up until now, I hadn't had to use it. The reason for my original post was to attempt to ascertain, what if any other "common" repairs I might expect, so I could do some advanced planning.

 

[supernatural400]

The best extended warranty I ever had was www.warantydiret.com when I had my LT4 I totally spaced out when I bought it and forgot to get it from GM. So I looked online and since the car had low miles around 25k I bought the 7/70,000 k plan which starts from the birthdate of the car soI had about 4/40000 actual coverage the total cost was $700.00. Since the GM warranty had already run out they charged me and additional $75.00 to get it going. Well the Transmission, went out and at that time ZF did not release rebuild kits so they were considered "non servicable" and a brand new transmission had to be put in they ended up paying over 8 grand for all the work and labor and out of pocket to me was 50 bucks, best 700 dollars I ever spent. Of course the clutch and flywheel let go too, so they paid for a flywheel and additional 1500 dollars including labor but I had to eat the cost of the clutch since it a "wearable part" so all in all I was very pleased with there warranty. they paid for everything over the phone to the service department with a credit card