I usually don't purchase extended warranties on small purchases, and my new truck was no small purchase. HOWEVER, based on my previous excellent experience with my 2004 Denali, I made a leap of faith and opted to save some $$$$ and NOT get the warranty on the new truck. Lately, I have not been keeping vehicles for more than 3-4 years, so it's not a big deal with me (I'm also a low mileage driver, so the factory warranty is good enough). :thumbsup:
I DID purchase the GM extended warranty on my 2004, and didn't realize that the warranty had a pro-rated cash value at trade in time if you have a warranty "balance". When I wrote my big check for my 2007, I didn't know this at negotiation time, and fortunately I held out long enough on my trade-in, and with the $1200 I got for the balance of the warranty, ultimately got what I wanted for the 2004 Denali. I wish I would have done my homework back in 2003 when I bought that thing though!
Extended warranties are usually rip offs, but in my case, it was un-needed, and I got alot of my original cash out-lay back. I felt like I needed it in 2003 since that purchase was my "return to GM" after a very bad experience in the early '90's.
Anyway, if you buy the extended warranty, just make sure you don't waste your $$$ on the retarded "gap insurance" they will try to sell you. Now THAT is a waste. :ack: :crazy: :ack:
Sorry for the long-winded response!