First Corvette - Should I buy warranty

Hello All -


I just bought my first Corvette. Its a 2002 Z06, silver.

Ive been around the LSx series engines since they have come out back in the 90s, so I'm somewhat familiar with the car.


I bought it used from a local dealer with almost 28k miles on it.

They, of course, offered to sell me the extended warranty for $3500!

One new car sales guy suggested that I look at http://www.autowarranties.com and buy it there. That recomendation was before the fiance lady offered the dealers warranty to me.

How do you all feel about extended warranties?

That company has quoted me $1633 for a warranty that cover everything except whats below. The deductible is $100. The coverage is for up to 75k miles and an additional 3 years (which ever comes first). I don't think its a bad price, but I don't really know.

Here are the exclusions:

quote:


POLICY EXCLUSIONS: "What is not covered" Tires, battery, all glass, lenses, sealed beams, light bulbs, brake rotors and drums, struts, shock absorbers, carburetor and throttle body assemblies, exhaust systems, catalytic converter, door handle assemblies, clocks, tape players, speakers, telephones, televisions, theft deterrent systems, navigation systems, radar detectors, and all wiring, wiring harnesses, fusable links and fuses, DVD players, circuit boards (all computers are covered), charcoal canisters, headlight lamps, tail light lamps. Any parts replacement or service, such as: tune-ups, carburetor adjustments, oil changes, chassis lubrication, engine adjustments, fuel system cleaning, repairs related to fuel or oil contamination, spark plugs, front end alignments, wheel balancing, positive crankcase ventilation valves, filters, belts, hoses, constant velocity and double offset joint seals and/or boots, brake linings or pads, and manual clutch assemblies, friction disc, throwout bearings, pressure plate, manual and hydraulic linkages. Timing belts must be replaced within the manufacturer's recommended specifications.

FYI - Here is the entire text:

quote:



THIS PLAN IS THE BEST COVERAGE AVAILABLE.
Warranty Offered By: Auto Advantage Inc.Underwriter: Insured By Capital Assurance, Reinsured by Hannover Re (AM Best Rating A+/Superior)
Vehicle Eligibility: YES, This vehicle qualifies Auto Advantage Inc.
* Extended Warranties Direct to consumers, is our Business
*We offer only Premium Vehicle warranties
* Warranties Insured by the highest rated company(The only major company on the Internet who can state this)
*No Gimmicks, No Coupons and No Up Selling tactics ever!
* Due to our large volume we offer the lowest prices from the start, for the most comprehensive Bumper to Bumper coverage available for your Vehicle
* Our company is owned and staffed by warranty experts, not Salespeople or Telemarketers.
* We understand the three most important words "Yes It's Covered" PLEASE PRINT THIS E-MAIL! Thank you for your request for a price quote for an extended warranty.

The price below is for a "Exclusionary" Bumper-to-Bumper warranty. This is the most comprehensive policy available and includes breakdowns due to wear & tear. Just non-covered parts are excluded. (See Policy Exclusions at bottom of E-Mail).
*** Policy starts from the date of policy purchase zero miles.
*** Ref. # VSBC418 (06)Extended Care Bumper to Bumper Coverage
*** $100.00 Deductible
***3 Year/ 75,000 Mile- $1,633.00
4 Year/100,000 Mile- $1,703.00
5 Year/100,000 Mile- $1,768.00
6 Year/100,000 Mile- $2,013.00
7 Year/125,000 Mile- $2,208.00
A Lower deductible is also available:
For $50.00 Deductible- Add $100.00 to prices listed above
For $0.00 Deductible- Add $200.00 to prices listed above

This warranty starts from the *zero mileage and from the *date of policy purchase.
(Example: A 6 Year/100,000 Mile warranty on a 2005 vehicle with 45,000 miles would get you 6 additional years of coverage from the day you purchase the warranty or until the vehicle reaches 100,000 miles.)
* Please call Hal at 1-800-933-9190 or E-mail for complete information.
* Signet 100% No Claims Refund Program Available (additional fee required, minimum term must be 60 months)(If service contract expires and no claim have been made, 100% of the purchase price will be refunded)

This Plan includes:
* Rental
* 24 Hour Roadside Service (Renewable)
* Towing (Renewable)
* Lockout Service (Renewable)
* Trip Interruption (Renewable)
* Transferable & Cancellable
Repairs can be done at any repair shop or dealership in the United States. Payment will be made directly to the repair facility at the completion of repairs by the warranty administrator's corporate credit card account.

For further information please call me at 1-800-933-9190, or E-mail me at hm@autowarranties.com If you would like to see a sample brochure we can send you one in the mail. Thanks again for your interest. We hope we can be your warranty source both now and in the future.

POLICY EXCLUSIONS: "What is not covered" Tires, battery, all glass, lenses, sealed beams, light bulbs, brake rotors and drums, struts, shock absorbers, carburetor and throttle body assemblies, exhaust systems, catalytic converter, door handle assemblies, clocks, tape players, speakers, telephones, televisions, theft deterrent systems, navigation systems, radar detectors, and all wiring, wiring harnesses, fusable links and fuses, DVD players, circuit boards (all computers are covered), charcoal canisters, headlight lamps, tail light lamps. Any parts replacement or service, such as: tune-ups, carburetor adjustments, oil changes, chassis lubrication, engine adjustments, fuel system cleaning, repairs related to fuel or oil contamination, spark plugs, front end alignments, wheel balancing, positive crankcase ventilation valves, filters, belts, hoses, constant velocity and double offset joint seals and/or boots, brake linings or pads, and manual clutch assemblies, friction disc, throwout bearings, pressure plate, manual and hydraulic linkages. Timing belts must be replaced within the manufacturer's recommended specifications.

Hal J. MosesP
residentAuto Advantage Inc.
1-800-933-9190

Thanks for the input!

im gonna say it depends... if you want to mod it NO... they are just gonna say oooooh those lowering springs are what made your speedometer go out... or look at that windo tint... thats what made your tranny blow apart...

if you plan on keeping it like it is... then yeah one major boo boo and its paid for itself...

-me

The work can be done at any shop or dealer. It does not limit me to a certain list of companies like some insurance companies will.

I am debating wether or not I will break something over $1600.

I plan on long tubes and nitrous (maybe a cam). With that added abuse, how will the rear end hold up? I dont know much about the rear drivetrain on these cars, but it looks expensive :(

Im not too wooried about detonating a T56, but the synchros are also covered in the warranty and the labor to replace them. What is the typical cost of parts and labor to replace the synchros?

Though i dont yet own a Vette i would not buy a Warranty for any car i purchase especially if i plan on adding anything to it. To me its a waste of 1600 bux. Just keep the 1600 in a bank account then if something breaks there is the money to fix it.

i have that warranty on my 2001 c5 2300dollars.hadto used it 2 months out 900 dollars ac repair cost me 100 buy it..no repair at dealership less than several hundred. corvettes required an expert that means dealership. in am 63 years young. believe me tommy

welcome to the forum

I bought my 2000 covert with 38,000 miles 2 years ago from a small dealer. I bought the WINN company 36 month, 80K miles max, warranty. The price was $1800 and so far I've used almost $900 on a bad drive axle. I still have 12 months to go and feel it was a very wise decision. It's very well worth the $$ for the piece of mind it gives me and who knows what will happen in the next year! Ron S