The only problem I have with extended warranties is this: And this happened to me when I purchased all my new vehicles... example: When I got the GTO. I was asked if I wanted the 5 yr extended warranty for I think it was $1200. I said will this warranty kick into effect when my 3 yr expires? No sir it will not, it goes into effect the day you pick your car up. I asked but I already paid for the 3 yr which is already included in the cost of the vehicle. That's correct sir...But mam, in all actuality, I am really getting 2 yrs of extended warranty for the cost of 5... being the first 3 are already paid for in the cost of the new vehicle, correct? Well sir yes, but you cannot purchase the 5 yrs and add it on to the 3 years you already have. I then asked, well then why not let me purchase the 2 years extended warranty at the end of the 3 year bumper to bumper I already paid for, for the prorated cost? Oh sir, I can't do that? I asked Why not? Because sir, you must purchase the extended warranty at delivery. So mam in essence what you are telling me is this: I already have a 3 yr bumper to bumper from GM that the cost has been incorporated into the cost of the vehicle, correct? Yes sir... And now, you want me to re- purchase for an additional $1200, a warranty that covers my car that is already under warranty by GM but will kick into effect in 3 yrs, so I will have the coverage for the 2 years that the car will be out of warranty once the original warranty that came with the car expires? Oh I see what you are saying.... I said good. Now you know why I don't want it. This practice goes on and on..... The dealerships make a killing doing this.....Yes it is nice to have the extended warranty but you are paying twice for a warranty that comes with the car. You forfeit the first 3 years of the extended warranty because the car is already covered, However they are charging you for it. I don't know any dealership that will sell you an extended warranty that will kick into effect AFTER the 3 year bumper to bumper expires. 4 different times I have purchased new vehicles, and each time I went thru the same routine. If you got an extended warranty that will lay dormant for 3 yrs then kick in after the factory warranty expires you're lucky.
