DETROIT — General Motors rolled out an extended ‘bumper-to-bumper’ warranty designed to match the coverage term of its powertrain warranty. The new warranty is available on new vehicles purchased on or after Oct. 15 for the 2018 or 2019 model year, according to the company.
The new warranty isn’t like a dealer-offered service contract, as repairs are completed without the need for a claim to be filed. There also are no deductibles. The option also is included in the overall price of the vehicle and could be folded into a loan or lease.
"People who lease typically keep the vehicle for 24-36 months, so most of them are always covered by the base bumper-to-bumper limited warranty," said Ken Mac, director of Chevrolet, Buick, GMC, Cadillac Protection. "But if you buy, analysts say you’ll likely keep your new vehicle for over six years. This true extended warranty can keep the average customers covered for most if not all of the time they own their vehicle."