GM Offering Warranty Extensions
Starting this week, GM began offering a 2-year extension to their bumper-to-bumper warranty on all new vehicles. All Chevrolet and GMC vehicles currently come with 3 year / 36,000 miles warranties, which can now be extended to 5 year / 60,000 miles, while Buick and Cadillac can be bumped up from 4 year / 50,000 miles to 6 year / 70,000 miles.
GM is leaving the pricing up to dealers, but expect to pay between $1,000 and $2,000 for the extension, although there are rumors you may be able to get this added on for free or at a much bigger discount if you shop around.
Unlike other types of extended warranties, this one cannot be cancelled, but it will remain with the vehicle and can be passed to new owners (potentially increasing resale value). The extended warranty acts exactly like the bumper-to-bumper warranty, with no deductibles and no need to file claims when getting warranty work. You can only purchase this extension at point of sale.
My take on this is that it's worth paying between $500 and $1,000 if you intend to keep the vehicle for the entire bumper-to-bumper warranty. Like I mentioned, there are rumors that dealers may be able to throw this extension into the deal for free if it means getting a sale, so I would definitely try to have them do this - but keep in mind you will need to contact several dealers and have them compete for your business.
As always, I recommend using TrueCar No Haggle and CarsDirect to see the lowest prices your local dealers are willing to offer.
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author

Latest Weekly Car Buying Tips
June 2022
- Best Car Deals for 4th of July 2022 Jun 30, 2022
- Worst Cars to Lease Right Now Jun 30, 2022
- Best Car Deals Around the Country Jun 30, 2022
- Real Prices of Pickup Trucks Jun 30, 2022
- Top 100 Cheapest Lease Deals Jun 23, 2022
- Best Car Deals by Category Jun 23, 2022
- Real Prices of Large SUVs Jun 23, 2022
- New Cars You Should Wait to Buy Jun 23, 2022
- Biggest Discounts on New Cars Jun 16, 2022
- Cars With the Largest Rebates Jun 16, 2022
- Which Cars Better to Lease or Buy Jun 16, 2022
- Real Prices of New Compact SUVs Jun 16, 2022
- Best Bang for Your Buck Lease Deals Jun 09, 2022
- Best Electric, Hybrid Lease Deals Jun 09, 2022
- Best 0% Finance Deals June 2022 Jun 09, 2022
- Real Prices of Compact Cars Jun 09, 2022
- Top 100 Cheapest New Cars Jun 02, 2022
- Price Comparison of Subcompact SUVs Jun 02, 2022
- Lease Deals with Loyalty & Conquest Rebates Jun 02, 2022
May 2022
- Real Prices of Midsize SUVs May 26, 2022
- Real Prices of Midsize Cars May 19, 2022
- Largest Hidden Dealer Rebates May 05, 2022