On Monday, October 15, 2018, General Motors started offering extended and full-coverage new-car warranties, which the automaker claims are the first of its kind.
The Fine Print
With most extended warranties, the owner of the vehicle is required to pay part of the cost of repair. The terms and conditions can vary, but most require some help from the consumer. The rest of the warranty is covered by the manufacturer. However, GM has gone above and beyond with their extended warranty system, as it requires no deductible. Vehicle owners also don’t have to worry about filing a claim to get reimbursed or to get coverage.
Many dealerships also offer aftermarket warranties, but these usually require you to use their dealership only. The GM warranty is accepted at any of their service departments throughout the United States. Therefore, consumers can go to any GM dealership and get repairs done promptly. If it’s covered and you’re on vacation in another state, you can still get the help you need.
Of course, it’s not all sunshine and roses. GM does leave the warranty pricing up to the dealer. Depending on the vehicle you purchase and the type of coverage, you can expect to pay up to $2,000 for the warranty, though the cost can be rolled into your monthly payment.