Sunday, November 13, 2011

How much should I expect to pay for an extended warranty on a new Chevrolet Truck?

How much should I expect to pay for an extended warranty on a new Chevrolet Truck? Is it based on the price of the truck or do they just try to get as much as they can out of you?|||It depend on a LOT of things, all of which are impossible to answer based upon as little information as a "New Chevrolet Truck".





What model? What type of extended warranty? Will it cover the power train only, will it also include other basic systems like suspension, steering, heating/cooling and warranty? Will it be a "bumper to bumper" covering virtually every non-consumable? What will the duration be? Will it extend the original coverage to 4, 5, 6, or 7 years and/or 50, 60, 75, or 100K miles? How much of a deductible will you choose? Do you want to pay $200, $100, or $50 per incident or nothing at all? Will the warranty provide you with rental car coverage during service visits? Will the rental coverage include a "first day" option that allows you to obtain a rental car even if the repairs don't require keeping your vehicle overnight?





Warranty plans and coverage options exist for all the above, and the price can vary widely, ranging from a few hundred dollars to a few thousand. One generally beneficial aspect of most extended warranties, however, is the ability to redeem any "unused" balance for a prorated refund, generally making buying them at the time you purchase the vehicle (although most can be purchased at any time before the original manufacturer's warranty expires) the least expensive.





Warranties are "high margin" items and sources of profit for the dealership than can equal the profit they earn selling the vehicle itself. Though it's impossible to provide any sort of meaningful answer based upon the limited information you've supplied, it's likely that whatever initial price the dealer quotes you will include considerable room for negotiation.





It's best to call many dealers in advance and ask for price quotes on the warranty alone, as you can buy the warranty independently from any other GM dealership, usually at any time up to the first year and first few thousand miles without any surcharge. You can then make the selling dealer a "meet or beat" offer on the warranty and simply take your business elsewhere. Also keep in mind that many dealers will not collect sales tax upon warrantees sold to residents of other states, something a dealership located in the same state where the vehicle will be registered is obligated to do, when making your "meet or beat" offer.





Best of luck. I hope this helps.|||"Weather" it's new sure does matter.





New and used car warranties are completely different. Used car extended warranties are a lot more expensive and usually won't cover as much. Let people like the first answerer who know what they're talking about do the answering. And all that.|||its not weather its new, its dependsing on the year. An how extended is the warranty? Thats what u have to look at. An the miles an all that.

No comments:

Post a Comment