Yeah, based on the reviews I just read in that link, I'm not going to be purchasing any extended warranty through those guys! I started getting final notice extended warranty things in the mail about a week or two after I got my car, lol! I just threw them all in the shredder. I thought they did away with the old GMPP?I wouldn't buy any Service Contract (no such animal as an Extended Warranty) from a voice on the phone, or any correspondence by mail. Many of these companies are here today, gone tomorrow, a ponzi scheme of scams. How many miles do you have on the CRUZE? You might look into the new GMEPP or the old GMPP still sold by Ally.
ALLY will still back the policy as it sells the same policy for all models & makes. I talked to the company which administers the GMPP out of Chicago and they sounded like thugs. Told me if I returned my $1500 GMPP I could not repurchase it. Well that technically is true, I did return it and bought one from a closer Dealer who sold it for $500 less just to piss off the guy who sold me mine at a competing store!I thought they did away with the old GMPP?
Of course the salesman will say that. I remember getting cards in the mail that my car warranty was about to expire. I'd laugh. Because I was driving 15-20 year old cars at that time. My only temptation was to turn it in to the State Attorneys office.I remember him saying something along the lines of the EasyCare extended warranty taking the place of or being better than the GMPP.
So is "The GM Protection Plan powered by Ally" the "old" plan and would you still consider it a "manufacturer-backed" program? (And what is the difference between it and the current GM plan?) The reason I ask is my B2B has got about 2 months left and I need to make a decision. I procrastinated this long thinking the old plan wasn't available and as long as the B2B was still in play it was the same price.It is (full name) The GM Protection Plan powered by Ally.
So, yes, the program still exists......the administration is the same......the underwriter is National General and has been for over 20 years.....just was never advertised that way.
It was a product of GMAC but because of all the banking realignments and such, GMAC became Ally financial.
If you are going to put a contract on your car......any brand, only purchase manufacturer backed programs.
Manufacturer programs are designed to pay, not deny, claims with a overall loss ratio of around 85%.
That means, 85% of money taken in is utilized for claim payment with the remainder used for administration expense.
It is essentially the 'Old' plan and Ally is the new name for GM's captive financial arm.....formerly GMAC.Of course the salesman will say that. I remember getting cards in the mail that my car warranty was about to expire. I'd laugh. Because I was driving 15-20 year old cars at that time. My only temptation was to turn it in to the State Attorneys office.
So is "The GM Protection Plan powered by Ally" the "old" plan and would you still consider it a "manufacturer-backed" program? (And what is the difference between it and the current GM plan?) The reason I ask is my B2B has got about 2 months left and I need to make a decision. I procrastinated this long thinking the old plan wasn't available and as long as the B2B was still in play it was the same price.
Plus didn't you mention your highest repair ever in 30 years on the road was $400? You are like the Dos Equis man of Car repairs. My first repair ever in the early 70s was $600, and a cracked head out here in the Desert was over $2000. One (1) repair pays for this coverageStarks8, Before you shell out money for a warranty you probably don't need, Figure out how many miles you average a year. Most of the time the extended warranty looks good but only ever adds years to your coverage if you don't really drive your car.
Doing the math I drive an average of 20-25K a year, extended plan would only give me 6months to a year of warranty extension. Instead of spending that money, use it for any repairs you actually get. I only had ONE repair on my cruze outside the b2b, at 94,000 miles I fixed the leaking transmission cooler line for $225.
I must be lucky, I have never spent more than a months car payment for ANY car repair, EVER. Anytime I start having to pay for car repairs is time for me to start considering a different car.Plus didn't you mention your highest repair ever in 30 years on the road was $400? You are like the Dos Equis man of Car repairs. My first repair ever in the early 70s was $600, and a cracked head out here in the Desert was over $2000. One (1) repair pays for this coverage
Clearly you've never owned anything European.I must be lucky, I have never spent more than a months car payment for ANY car repair, EVER. Anytime I start having to pay for car repairs is time for me to start considering a different car.
You can purchase one of these GMPP or GMEPP contracts from your selling dealer and then have 30 days to cancel for free. In fact you can cancel at anytime into the coverage for a prorated amount minus a small service fee. Or you can wait until your 3 years, 36,000 miles are ready to expire and see if you want to buy one then although they will try to charge more even though the cost to the dealer stays pretty much the same. The hypothetical figures Spacedout pointed out are virtually meaningless and get a 0 $ deductible for pennies more. Keep in mind a Power train warranty and a New Car Limited Warranty are completely different, one covers only certain engine and transmission related failures. Highly recommended looking into!So are dealerships the only ones who can and do sell the GMPP and/or GMEPP? My 2015 is only 4 months old from my purchase date of 12/12/15 and currently has 3,300 miles on it. Any idea price wise what I would be looking at? I can price shop around at the different chevy dealerships, right?
