Is a GMC Extended Warranty Worth It? Here’s What You Need to Know
Considering purchasing a GMC car? You might be pondering whether opting for a GMC Extended Warranty is a decision. These extended service agreements offer protection once your original warranty runs out.. Is investing in one beneficial? Lets delve deeper into what a GMC Extended Warranty entails and its associated costs to assist you in determining if it aligns with your needs.
What Does a GMC Extended Warranty Cover?
The GMC Protection Plan, also referred to as a GMC Extended Warranty provides three levels of coverage;
- Powertrain; This level offers coverage, for components such as the engine, transmission and drive axle.
- Silver; In addition to powertrain coverage this tier includes parts like suspension, climate control, electrical system, steering and brakes.
- Platinum; Considered the top tier coverage to a bumper to bumper warranty. It encompasses everything in the plans along with high tech components, audio systems, navigation features and more.
The duration and mileage limits may vary; however you can opt for a GMC Extended Warranty that extends up to 8 years or 100,000 miles. Remember that while the warranty is comprehensive it does have exclusions. These exclusions consist of wear and tear items like brake pads and clutches, damages resulting from misuse or improper maintenance practices, aesthetic components, routine maintenance items such, as wheels and spark plugs and damage caused by factors.
Additional Perks of a GMC Extended Warranty
By opting for a GMC Extended Warranty you’ll enjoy perks such, as;
- Access to a car in case of a covered part failure
- Towing and roadside assistance services
- Reimbursement for trip interruptions if your vehicle breaks down far from home
- Locksmith assistance, in situations where you misplace your keys or lock them inside your car
These benefits can offer reassurance during unforeseen breakdowns or incidents while traveling.
Is GMC a Reliable Brand?
When deciding whether to purchase a GMC Extended Warranty it’s beneficial to take into account the reliability of the brand. As, per J.D. Powers 2024 dependability study, GMC vehicles tend to experience issues on average compared to other brands with 175 problems per 100 vehicles. RepairPal also notes that maintenance and repair costs for GMC are typically around 14% higher than the norm.
Some common problems and associated repair expenses for GMC models include;
- Yukon XL oil pan gasket replacement: $287-$328
- Sierra 1500 spark plug wire replacement: $495-$522
- Canyon axle shaft replacement: $2,132-$2,220
- Terrain heater core replacement: $1,035-$1,287
- Acadia head gasket replacement: $2,229-$2,616
These figuresre estimates and your actual expenses may vary. Nonetheless they provide an insight into repairs you might encounter in the future. Opting for a GMC Extended Warranty could potentially save you hundreds or even thousands on these repairs.
How Much Does a GMC Extended Warranty Cost?
The price of a GMC Extended Warranty varies based on factors, like your car model, mileage, coverage level and where you are located. Since GMC doesn’t provide pricing information online you’ll have to reach out to your dealership for a quote. From our research these plans typically range from around $1,200 to $3,000.
For instance a 3 year/30,000 mile powertrain warranty for a 2023 Terrain was priced at $1,161 while a 4 year/40,000 mile platinum warranty for a 2022 Yukon cost $1,801. On the hand a 2021 Terrain with a 4 year/48,000 mile silver plan was priced at $1,476.
It’s important to note that this expense is one time and could potentially save you money in repair costs in the run. Additionally you can usually include the warranty cost in your car loan with an increase, in your monthly payment.
Is a GMC Extended Warranty Right for You?
Deciding whether or not to invest in a GMC Extended Warranty ultimately comes down to your preferences, situation and how long you intend to hold onto your vehicle. Here are some important factors to take into account;
- If you plan on keeping your GMC for a period opting for a GMC Extended Warranty could help you save money on repairs as it ages.
- Choosing a manufacturer extended warranty makes sense if you value using OEM parts and having repairs done by GMC certified technicians.
- If you can comfortably manage the cost or a slight increase, in payments an extended warranty can offer valuable peace of mind.
- Individuals who prefer playing it safe and safeguarding against high repair costs may find benefit in having a GMC Extended Warranty.
Conversely if you typically switch vehicles every years prefer not being restricted to GMC repair centers or’re okay, with covering repair expenses as they arise skipping the extended warranty might be the better choice.
Final Thought
Deciding whether purchasing a GMC Extended Warranty is the right choice varies for each individual. While some may find it a valuable investment others might see it as a cost. It’s important to assess the coverage plans and costs considering your own needs and financial circumstances. Additionally take into account the added benefits and sense of security that a GMC Extended Warranty can offer.
