Modern Camaro Forums banner

1 - 20 of 24 Posts

·
Registered
Joined
·
345 Posts
Discussion Starter #1
As I was checking my status today (yep still 3000:mad:) my sales guy informed me that GM came out with their Extended Warranty packages/prices. I have never bought an extended warranty on any car and have never needed it, however the 2010 Camaro being new and all I am not sure? Plus..I eventually want to do engine mods etc and know that they will void the warranty so I will want to wait until it is up. So based on the below packages and prices....what do you all think?

36/36 to 48/48--$660
36/36 to 60/60--$1090
36/36 to 72/72--$1600
36/36 to 84/84--$2100

Maybe Camaro Scotty can confirm or deny if these prices are correct. Appreciate any and all thoughts.:5go:
 

·
Registered
Joined
·
131 Posts
Since I plan to keep this car for a long time, I have thought about this subject and am also curious as to accuracy of the figures stated above and also to what extent the warranty will cover.
 

·
Banned
Joined
·
1,136 Posts
36/36 to 48/48--$660
36/36 to 60/60--$1090
36/36 to 72/72--$1600
36/36 to 84/84--$2100
I will be getting an extended warranty for my Camaro (for the reasons you mentioned...first model of new generation), just not sure whether I will go for the 60/60 or all the way up to the 84/84 plan (wish it was 84/100K). I bought an extended warranty on my 2000 Durango R/T, which was the first model year it was AWD, and it paid for itself with 2 Transfer Case re-builds, and power window motor, power steering pump leak (to name a few) in the latter years of the warranty. I sold it with 6-8 months left on it. When I bought my 2007 Mazda CX-7, I did not keep the car long enough for the warranty to directly benefit me, but when it came time to sell it after the standard warranty miles / months had passed, it helped to sell the vehicle since mine was still covered for 4 years passed the competition...

I plan to run this extended warranty to the very end of it's term... :thumbsup:
 

·
Registered
Joined
·
338 Posts
I do not buy these things unless there is a proven history of problems. GM usually allows you to purchase the extended warranty any time during the original warranty period. They also send you information before that time. I will continue to visit this site and watch for problems. No problems, no extended warranty. One must be careful of the internet though. I have a 2007 Harley big twin that everyone on the net was complaining about the new at the time 6 speed tranny. It was a gear whine issue from people that lugged their engine not an actual problem. I wanted to know if anyone had grenaded a tranny and no one had so I passed on their extended warranty. My money is better in my pocket than their's. The warranty on the 2010 Camaro is much better than the one that I got with my 2002 SS. I never would have used it had I boyght it. My 2002SS is getting traded today for my 2010SS. It has 61000 miles on it. The only issue was with the catalytic converters. Gm had extended the warranty on these at no charge because they knew that there was a problem. I had both sides replaced at no charge after the original warranty was already gone.
 

·
Registered
Joined
·
913 Posts
I do not buy these things unless there is a proven history of problems. GM usually allows you to purchase the extended warranty any time during the original warranty period. They also send you information before that time. I will continue to visit this site and watch for problems. No problems, no extended warranty. One must be careful of the internet though. I have a 2007 Harley big twin that everyone on the net was complaining about the new at the time 6 speed tranny. It was a gear whine issue from people that lugged their engine not an actual problem. I wanted to know if anyone had grenaded a tranny and no one had so I passed on their extended warranty. My money is better in my pocket than their's. The warranty on the 2010 Camaro is much better than the one that I got with my 2002 SS. I never would have used it had I boyght it. My 2002SS is getting traded today for my 2010SS. It has 61000 miles on it. The only issue was with the catalytic converters. Gm had extended the warranty on these at no charge because they knew that there was a problem. I had both sides replaced at no charge after the original warranty was already gone.
BUT, in the beginning only is usually when you can negotiate the price a bit. I got about 20% off buying the 7/70 extended GM Majorguard up front.
 

·
Registered
Joined
·
326 Posts
Generally speaking extended warranties are a waste of money. From time to time someone really benefits, but not most of the time.
Yeah as I told someone who tried to sell me an extended warranty on a TV I bought, If I added up all the money I could have spent on extended warranties its much more than I've ever had to spend to replace the few things that have died in what would have been their extended warranty period. If you look at 1 thing that broke and cost a lot it sounds good but looka at how much you would have spent if you bought warranties on everything they offered it on.
 

·
Premium Member
Joined
·
5,229 Posts
I got the extended warranty for my G8 because it is the family car and we will keep if for a long time.

If you are keeping the Camaro stock for a LONG time an extended warranty sounds good. If you are planning to modify it it probably isn't worth it.
 

·
Banned
Joined
·
1,136 Posts
I got the extended warranty for my G8 because it is the family car and we will keep if for a long time.

If you are keeping the Camaro stock for a LONG time an extended warranty sounds good. If you are planning to modify it it probably isn't worth it.
I plan to keep this Camaro a long time (sold my 1982 Z28 after only 4 years since I was chasing a skirt overseas and did not know when I would be back...turned out, a year later I was back...doh!)... :BangHead:

For me, I'm thinking 1) the sunroof, 2) window indexing / power windows, 3) power seats, 4) high horse-power engine vs. tranny, all are potential issues over the long haul...I hope nothing major needs to be repaired in the years to come, but I like the peace of mind of the extended warranty. I don't plan to do any modifications, and service managers usually suggest bringing in a vehicle a few months before the end of a warranty and having anything fixed (say, a leaky power steering pump after 6+ years) while it is still covered...for $300 / year on a $40K car, seems within reason (though, I will compare to the standard warranty currently being offered by GM)... :thumbsup:
 

·
Registered
Joined
·
170 Posts
Extended warranties are insurance policies. They have limitations and deductibles.

Read the fine print!

I've never bought one, but it might have come in handy on my truck, I've had two repairs so far that totaled about $1000, an intermittent sensor in the transfer case and a leaky O-ring on the water pump. So far, I'd have just about broken even.
 

·
Registered
Joined
·
1,030 Posts
I HAVE AN EXTENDED WARRANTY ON MY 06 EQUINOX. I HAVE ONLY HAD TO USE IT ONCE SO FAR, BUT IT ALL FELL APART AT ONCE, LOL, AND NOT ALL WAS COVERED. STILL ENDED UP SPENDING CLOSE TO A THOUSAND DOLLARS. JUST PRAY THAT THE CAR WILL HOLD UP TILL TRADE IN. HAS 64,000 MILES AND I WOULD HAVE BEEN BETTER OFF KEEPING MY 01 CAVALIER.
 

·
Registered
Joined
·
124 Posts
What is the factory warranty on the Camaro anyway? I had assumed it was going to be the 5 yr/100k that they were offering recently.

Another thing I just heard recently is that on these long warranties (ex: Hyundai 10/100k) they were only for the original buyer. So, when you go to sell it's not a selling point that you can use.
 

·
Banned
Joined
·
7,873 Posts
What is the factory warranty on the Camaro anyway? I had assumed it was going to be the 5 yr/100k that they were offering recently.

I'm assuming it's 100k for the drivetrain and 36k bumper to bumper. I'm sticking with the factory warranty on mine.
 

·
Registered
Joined
·
55 Posts
What is the factory warranty on the Camaro anyway? I had assumed it was going to be the 5 yr/100k that they were offering recently.

Another thing I just heard recently is that on these long warranties (ex: Hyundai 10/100k) they were only for the original buyer. So, when you go to sell it's not a selling point that you can use.
From Edmunds.com

Basic: 3 yr. / 36,000 mi.
Drivetrain: 5 yr. / 100,000 mi.
Roadside: 5 yr. / 100,000 mi.
Rust: 6 yr. / 100,000 mi.

All new vehicles sold in the United States come with at least two warranties, and many manufacturers also provide roadside assistance. Described below are the major types of warranties and assistance provided to consumers. See your owner's manual, the manufacturer's website or the dealer for specific details.

Basic Warranty: The basic warranty covers everything except items that are subject to wear and tear or replacement in the ordinary course of vehicle ownership, such as oil and air filters, wiper blades and brake pads. Tires and batteries are often excluded, but usually have their own warranty provided by the manufacturers of those items. Emissions equipment is required by Federal law to be covered for five years or 50,000 miles.

Drive Train Warranty: In some cases the drive train warranty continues after the basic warranty has expired. This part of the warranty covers most of the parts that make the vehicle move, including the engine, transmission, drive axles and driveshaft. Like the basic warranty, "consumable" parts such as hoses and belts are not covered. However, most of the internal parts of the engine, such as the pistons and bearings, which are also subject to wear and tear, are covered by the drive train warranty.

Rust or Corrosion Warranty: This warranty covers the vehicle's sheet metal, and protects you from rust and corrosion that are severe enough to cause a hole - surface rust is not covered. However, if you keep your car washed and waxed rust shouldn't be a problem.

Roadside Assistance: Many manufacturers provide a service that will rescue you if your car leaves you stranded, even if it's your fault. Lock yourself out of the car? Run out of gas? Got a flat tire? A call to the manufacturer's toll-free number will result in somebody showing up who can help you out. There is a huge variance in these programs so check ahead of time to see what is covered and what you will have to pay for.
 

·
Registered
Joined
·
345 Posts
Discussion Starter #17
Rays---thanks for the info.

I am definitely going to sit down and figure out what exactly the extended warranties cover before I put down the cash. I agree with alot of what DET MSCL said and am concerned about the whole new car, new design etc. fact. Of course, there is also the struggle on how long can I truly wait to start doing mods..:lol: This car is truly a lifetime TOY so not sure how much additional coverage I will want or need. If I do go for anything I will probably go with the 60/60, we shall see..more research needed.:thumbsup:
 

·
Registered
Joined
·
3,900 Posts
As I was checking my status today (yep still 3000:mad:) my sales guy informed me that GM came out with their Extended Warranty packages/prices. I have never bought an extended warranty on any car and have never needed it, however the 2010 Camaro being new and all I am not sure? Plus..I eventually want to do engine mods etc and know that they will void the warranty so I will want to wait until it is up. So based on the below packages and prices....what do you all think?

36/36 to 48/48--$660
36/36 to 60/60--$1090
36/36 to 72/72--$1600
36/36 to 84/84--$2100

Maybe Camaro Scotty can confirm or deny if these prices are correct. Appreciate any and all thoughts.:5go:
You can wait until your factory warranty is about to run out to buy an extended warranty (that includes GM).
 

·
Registered
Joined
·
170 Posts
As I was checking my status today (yep still 3000:mad:) my sales guy informed me that GM came out with their Extended Warranty packages/prices. I have never bought an extended warranty on any car and have never needed it, however the 2010 Camaro being new and all I am not sure? Plus..I eventually want to do engine mods etc and know that they will void the warranty so I will want to wait until it is up. So based on the below packages and prices....what do you all think?

36/36 to 48/48--$660
36/36 to 60/60--$1090
36/36 to 72/72--$1600
36/36 to 84/84--$2100

Maybe Camaro Scotty can confirm or deny if these prices are correct. Appreciate any and all thoughts.:5go:
Here's an idea: Put the money you would have spent on the extended warranty into a special bank account. If you have an out of warranty repair, use that money for it. If you're lucky, there will still be something left in the account when you finally get rid of the car.

:cool:;):cool:
 
1 - 20 of 24 Posts
Top