I would get it as long as it cover all electric and electronics (charger, inverter, modules etc). Some have problem with their steering rack or rear axle needing replacement, those parts are not cheap.
I got an extended warranty on my 2019 but I made sure it covered everything

 

You'll get lots of pro and lots of con and it is your choice.
Personally, all my vehicles are covered by factory extended warranty...no third party stuff to worry about and therefore no coverage issues to worry about....covered as it was from the factory.
EUV has 5/160 bumper to bumper and our PacHy has 7/160 and I just consider it a cost of ownership. Cars are not simple and cheap anymore and I don't need the hassles.

 

Depends on how risk adverse you are and your judgement about the reliability of the car. I once bought a extended warranty when I had not done the numbers well enough and later I bought an extended warrranty for an exception case of severe service. In both cases it did not pay off.

Minus the electric components the Bolt components are on par with any Chevy car. Nothing exceptionally good or bad. So would you buy an extended warranty on a chevy cruz with the same mileage etc? now add in the EV aspect - is the existing warranty good enough to make you comfortable about the car?

 

i would study it carefully before deciding. have they given you a copy, or is it online?

 

Wouldn’t bother. Also have a 2017, spent less than that in six years, about 1500 for a door sensor, some electrical module and 12V battery. Leaving that 1k for tires.

 

Unless the extended warranty is from GM it will never be worth the paper it’s printed on

 

It is from the dealer but GM does not do extended warranty on used cars, only new. Since from dealer I would thing it should be credible. I think it is a company called Allied.

 

Since from dealer I would thing it should be credible.

HA! 😂

 

They are making a gamble that it won't break and you are saying it will break. If you live long enough you will save money by never buying that stuff. That is a secondary company in almost all cases. No factory warranty.
I get offers on my 2008 Corvette still.

Consider buying a new car next time if possible.

 

Well I got 2 repairs done under extended third party warranty on my previous car. One was the turbo and just for that it paid it self.
I don't take extended warranty on other stuff but those todays cars are something else $$ when they break

 

Might ask the shop you're likely to use whether it takes that insurance. (Because that's what an extended warranty amounts to.)

 

If it's a used car that's NOT "Certified Pre-Owned" through the GM program (most used Bolts are not, at this time), then GM has no involvement with an extended warranty. So what you're seeing is a pile of **** that's not worth the paper it's printed on. Dealers make a bundle from extended warranties (one of their highest-profit items), and they seldom cover what you think they should. Do.Not.Believe.Anything.They.Tell.You when buying a used car (or even, really, a new one, though at least with new you have a little recourse against GM).

OTOH, yes, things break, and when they do in a Bolt they tend to be expensive. Remember, though, the major "hybrid system" electronic components are covered by a 8 year/100K warranty to start with, same as the original battery, so even the oldest 2017s are still under that warranty until 2025 (or 100K miles) even though all the others (bumper-bumper at 2 years, "powertrain" and rust-through at 5) are all expired. I just got the inverter fixed in my 2017 under that warranty when it triggered a dash full of lights.

So, as with most cars, do you feel lucky? If not, review what you're being offered carefully to make sure you fully understand what they're covering and what your deductible is.

 

The only time I ever bought an "extended warranty" was with my 2017 Nissan Murano, as I was concerned about the CVT. The guy told me the policy cost was $2500.00, and I told him that it wasn't worth that to me. He immediately asked if it was worth half that and I caved and went for it. The car now has 73,000 miles on it, and has never needed any repairs.

So, if you do decide to buy the "warranty", don't be afraid to ask for a better price. As others have said, these are a huge profit center for the dealers.

 

I've talked about it on this thread:

Unaccepted Order Limbo

Executive Summary:

Found one dealer in the Denver area willing to take an order on 10 July. Bottom feeding: Bright Blue Metallic, 1LT trim, the 240v NEMA plug/cord option, nothing else. GM then makes announcements and counter-announcements about production, acceptable colors for orders, etc., still nothing accepted. One popped up a month later at a dealer in rural NM, exact car. Timing was bad for me to get there so it sold over the weekend. Three weeks later four of the same car minus the NEMA plug/cord show up in San Antonio. Dealership there was adding $2K of "market adjustments" and some bogus 3rd-party warranty crap. Wouldn't take those off so I passed.

By this point, my original dealer with the never-accepted order told me that GM was changing order status on just about everything due to the strike and for the first time, wasn't optimistic about my build ever getting accepted but admitted they had no clue what might happen. Thus, if I found one I wanted "go for it".

Two days after those in San Antonio came up, a Red Radiant 1LT with the DC and CC packages, MSRP with a reasonable $500 handling/documentation/whatever. I'd actually come around to both packages over time. The irony is that this one popped up at a dealer back in rural, central Missouri 9 miles from whereII lived for 22 years. I contacted them on a Friday, swapped a couple of emails into Saturday and by Monday, had a deposit on the car. Booked a cheapie Frontier flight to St Louis for Friday, stayed with friends who then drove me out to the dealer on Saturday.

Then drove 800 miles from there back to Denver over the weekend. That'll be the subject of another post.

W
congratulations! bold move on the first drive of 800 miles.

i just got an email from chevy that my order was accepted. i got the same exact email a month ago.
i wonder if it is due to the strike. i emailed my dealer, but haven't heard back yet.

I just purchased my 2020 Bolt after leasing for three years. The dealer wanted to sell me warranty protection for about $3000. Did I make the right decision? He said a lot of electronic can go bad. I only have 1500 miles on the car.
What do you think? Thanks

 

I just purchased my 2020 Bolt after leasing for three years. The dealer wanted to sell me warranty protection for about $3000. Did I make the right decision? He said a lot of electronic can go bad. I only have 1500 miles on the car.
What do you think? Thanks

 

We go around this barn regularly. Our Canadian members should always note their warranties are completely different and the coverages they can buy directly through GM Canada are not available from GM US.

As has been noted, if extended warranties were regularly needed and if they covered all the expensive bits, the aftermarket company would not sell them to you. Think about it; if the repair is going to cost more than they charged, less the comission they pay the dealership, they'd lose money and wouldn't offer coverage. That any one person wins at the casino doesn't change that the majority lose their money.

Anything being sold by a third party (the dealership) has a double markup. Anything someone tries to high pressure sell is more to their advantage than to the buyer.

YMMV,

jack vines

 

We go around this barn regularly. Our Canadian members should always note their warranties are completely different and the coverages they can buy directly through GM Canada are not available from GM US.

As has been noted, if extended warranties were regularly needed and if they covered all the expensive bits, the aftermarket company would not sell them to you. Think about it; if the repair is going to cost more than they charged, less the comission they pay the dealership, they'd lose money and wouldn't offer coverage. That any one person wins at the casino doesn't change that the majority lose their money.

Anything being sold by a third party (the dealership) has a double markup. Anything someone tries to high pressure sell is more to their advantage than to the buyer.

YMMV,

jack vines

That is a bit pessimistic. I agree in theory, but even if 50% made out, the insurance company has use of funds to invest for the duration of the contracts.

Bottom line, the numbers suggest less than a 50/50 chance of saving money with extended warranties. So playing by the probability, it may be better to self-fund the repairs.