4/20/09 I purchased a 2008 Chevy Malibu, 26,000 miles for my son, a 19yr old driver. The dealer convinced us the Major Guard Warranty was the best thing we could purchase, aside from the car itself. Now I am having mixed feelings. I have been reading some unfavorable reviews. Especially of concern is that a custom radio was installed by the prior owner and I am worried that any audio, electrical and possibly computerized failure will not be covered. I cannot get a straight answer. Can you help?
Also, we were given only one key and to obtain a copy, the dealership wants to charge $65.00. Is this right?
Guard Warranty is a General Motors backed warranty product: http://www.gmprotectionplan.com/majorguard.html
Your vehicle at 26,000 miles is still under basic warranty:
2008 Chevrolet Malibu Warranty Program
Basic 3 year / 36,000 miles
Drivetrain 5 year / 100,000 miles
Roadside 5 year / 100,000 miles
Rust 6 year / 100,000 miles
Basic Warranty: The basic warranty covers everything except items that are subject to wear and tear or replacement in the ordinary course of vehicle ownership, such as oil and air filters, wiper blades and brake pads. Tires and batteries are often excluded, but usually have their own warranty provided by the manufacturers of those items. Emissions equipment is required by Federal law to be covered for five years or 50,000 miles.
Drive Train Warranty: In some cases the drive train warranty continues after the basic warranty has expired. This part of the warranty covers most of the parts that make the vehicle move, including the engine, transmission, drive axles and driveshaft. Like the basic warranty, consumable parts such as hoses and belts are not covered. However, most of the internal parts of the engine, such as the pistons and bearings, which are also subject to wear and tear, are covered by the drive train warranty.
Roadside Assistance: Many manufacturers provide a service that will rescue you if your car leaves you stranded, even if it's your fault. Lock yourself our of your car? Run out of gas? Got a flat tire? A call to the manufacturer's toll-free number will result in somebody showing up who can help you out. There is a huge variance in these programs so check ahead of time to see what is covered and what you will have to pay for.
Rust or Corrosion Warranty: Rust or Corrosion Warranty: This warranty covers the vehicle's sheet metal, and protects you from rust and corrosion that are severe enough to cause a hole - surface rust is not covered. However, if you keep your car washed and waxed rust shouldn't be a problem.
You need to read the Extended warranty contract carefully to see what it covers and what is does not. Get a copy and review before you buy an extended warranty you have basic warranty coverage now. Read the fine print , there may be statements about aftermarket or custom equipment installed and if it is or is not covered by this warranty program unless it is written into the warranty contract that your audio, electrical and possibly computerized failure will be covered which I doubt they will do.
You need to weigh the money spent for a warranty program and PLEASE Do have an ASC mechanic inspect the car and run Car Fax report. Be sure they show you that all services have been kept up that are recommended by Chevy, oil changes etc.
This is a used car and they may only have one key however to close the deal ask them to cover the $65.00. Dealership NEED your business right now.
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