How to Extend My GM Warranty
General Motors offers several options for extending the warranty on your GM vehicle. GM vehicles include Chevrolet, Pontiac, Buick, Saturn and Hummer, as of 2009. Extended warranties, also known as service contracts, are a great way to protect a major investment--your vehicle. Some GM warranties are comprehensive; they cover almost everything the factory warranty covers; others options are basic, and will protect you from major problems such as engine or transmission failure.
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Instructions
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Contact your nearest GM dealer. Ask for the business manager and set an appointment to discuss the warranty on your GM vehicle. You can only purchase a GM warranty from a GM dealer.
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Meet with the business manager. Bring your vehicle's exact odometer reading, VIN (Vehicle Identification Number), and your car's year, make and model. You'll need this information to get an accurate quote.
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Review the options for extending your warranty with a GM protection plan. GM offers several base plans, including Major Guard, Value Guard, Base Guard and Smart Care. You can tailor the plan to meet your needs and budget. Major Guard is the most comprehensive option, similar to a "bumper-to-bumper" factory warranty.
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Choose your deductible. The deductible is the amount you'll pay up-front for a specific repair; deductibles usually range from $0 to $200. A low or zero deductible plan works best for controlling out-of-pocket expenses, however, these plans tend to be pricier, while higher-deductible plans cost less.
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Choose the term. Common terms range from 12 to 48 months. However, your choices will depend on your vehicle's year model and mileage. Terms are limited by mileage, such as 12 months or 12,000 miles, whichever comes first. Choosing a longer term will provide you with more coverage, however, it will cost more.
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Determine how you'll pay for the warranty. You'll be able to pay for the warranty in full or finance it separately. GM offers 12-month, 18-month and 24-month payment plans, interest free.
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Tips & Warnings
It's best to extend your warranty while the vehicle is still covered by the original GM factory warranty. Waiting until after the factory warranty expires may restrict your choice of plans; it can possibly raise the cost.
Beware of extended warranty scams. You can only purchase a GM warranty from a GM dealer; there are no online retailers or telephone sales offered.
References
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Comments
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Be sure to shop around. One GM dealer may offer you a much better deal than another. I priced my dealer down to near at-cost pricing, by having a GMPP quoted online, and then bringing that quote in as a counteroffer. They showed me the screen which confirmed it was literally at-cost, and that I was only getting the deal because they knew I would have them service the car... dealers make money off the service from billing GM, remember that when negotiating.
