To buy or not to buy the extended warranty

[pdxrealtor]

I'm in a bind here and can't make up my mind. Funds are a little tight and I've never been a guy who goes and buys any extended warranty what so ever.

However, reading this forum has got me thinking about the GMPP extended warranty.

Here's a couple things I need advice on.

I'm only driving about 8k miles a year, give or take and I've got 32k on the clock.

If I buy the 4 year GMPP at 8 k a year that will drop me off at 64k miles. Seems to me that 64k miles is just about when things will start to go wrong and really more of the mark an extended warranty would be needed.

The extended warranty is 1550.00. There are a lot of things I can fix myself and if the chance of repairs going much over that aren't that high I'd rather bank the money and pay for the repairs over the next four years.


What do you guys think?

[Camou2]

If the truck is just a daily driver and some highway on road then save your money. The H2 is really a very dependable truck. Not to say that something could not fail but that can happen to any vehicle. I only have the extended GMPP plan on my H1 and it has more than paid for itself several times in fact but the H1 is a different animal.

[pdxrealtor]

I want an H1.......

Thanks for your input.....

I just had the 30k service and a side from the service there was-

Lower control arms that made noise- replaced
Navigation kept resetting- fixed
A/C leaking coolant-fixed
Key not coming out of ignition- fixed

It seems a lot of little things... I guess if that was it after 30k then thats not too bad... I just like the luxury of taking it in and saying here- call me when it's done, and not having to worry about the bill.

I've read these forums too much is what it is...

[MVR 155]

I personally like the piece of mind that a warranty provides knowing that once I purchase it I dont need to budget for a surprise unexpected repair. We purchased a GMPP for our 2006 before it went out of warranty but ended up trading it in less than 1 year later on our 2008, GMPP pro rated the warranty and we got around $1,000 back from them. I dont remember the exact plan we bought but it was either a 3 or 4 year with lower miles as we dont put many miles on our H2 (wife takes the train downtown and I typically drive my TL for work)..... mostly for hauling the skis around in the summer and going snowboarding in the winter.

BTW PDX.... noticed you are on the Greenhulk forums, I just got a new motor together and installed in my RXP after grenading it last month, you still have your RXP-X?

[pdxrealtor]

LOL.... small world even when it's cyber huh? Man I've posted a lot over there. That place has changed a lot......


Did you PM over there asking about my engine?

I still have the P-X and honestly it's killing me to sell it but the wife really wants a boat and just doesn't enjoy skiing as much as I do.

I've got an 81-82 MPH setup, easy, I just need to finish the little things but I'm afraid if I do I won't sell it. Plus we just did a complete gut and remodel on the home so that took most of my summer.

I like that piece of mind also. Like I said in my OP though, I've never ever been one to pay for extended warranty. That 1550.00 could go a long ways for repairs or it could be a small chunk (thinking tranny) of a repair bill.

I've just read so many things on this board about these Hummers and the nickel and diming on top of the major problems (again, the tranny/tranny cooler).

I would just kick my self if I bought the damn thing and barely got my money out of it just to have a major repair 3 months after the plan expires.

What really gets me is the mileage is just too low now, and the plan will expire when I'd think I'd really start to get some use out of the warranty.... 64k..

[twr]

Hi my truck is a 2008 and i had the back up camera fixed and the front diff oil leak fixed they spit the front diff and replaced the axle seals. They also replace the sun roof frame and motor because the glass moved up the down when it was closed making alot of noise going down the road. The sun roof repair alone was over $1500. I bought the extra warranty and glad i did, in 5000 miles i will be on the extended warranty that covers just the power train.