I need to know if anyone has had any experience with the GM Major Guard warranty.
DISCLAIMER: I am NOT an dealer or a seller of warranties. I'm just a car enthusiast who wants to protect his investment - just like you.
Here is my story:
I just bought a 2004 SL500. It has less than 1,000 miles on it and is under factory warranty until January of 2008. So I'm basically good. BUT, I plan to keep the car for at least 5 years and I really don't want any major service hassles after the factory warranty expires.
I have been researching extended warranties and have found them to be all over the board in terms of terms, complexity and cost.
I seem to have found one that is an incredible deal. It is a General Motors product sold through GM dealers that can cover any car. It has very few exclusions and covers basically all original equipment except consumables. Given the low miles on my car, I can get a 5 year, 40,000 mile warranty with NO DEDUCTIBLE for under $1200. A similar warranty from the Mercedes dealer would be 2x to 3x as much.
It is called GM Major Guard. You can google it to find sample contracts and dealers. I've attached a sample contract from the GM site. It omits the years/miles as these are all purchase based. You must buy this warranty before the car hits 36 months in service.
I have one friend who has a twin-turbo Audi S4 and bought this warranty for his car. He has since had MAJOR engine problems with the car (over $4000 in repairs) and the warranty has covered them all.
I was wondering if anyone out there can report on positive or negative experiences with this GM warranty.
I thank you in advance. Hopefully this is a great deal on a great product and other Mercedes owners can benefit from my research.