Well after a few service appointments they have offered me this extended warranty. I guess its not that bad. Chevrolet is pleased to provide service coverage for the engine on your 2001 Chevrolet Silverado, Vehicle Identification Number XXXXXXXXXXXXX. This service coverage will commence upon the expiration of the applicable New Vehicle Limited Warranty and will continue until April 21, 2007, or 100,000 miles, whichever occurs first. Chevrolet will make repairs to correct defects related to materials or workmanship occurring during the coverage period specified above. The following items are covered: Engine - Cylinder block, heads, crankshaft and bearings, crankshaft seals - front and rear, camshaft and bearings, connecting rods and pistons, valve train (including valve seals, valve covers and internal parts), timing gears, chain/belt and cover, oil pump, oil pump housing, oil pan, all engine seals and gaskets, all lubricated internal engine parts, water pump, intake and exhaust manifolds, flywheel, harmonic balancer, and engine mounts. Chevrolet will not be responsible for conditions arising from tampering, abuse, or improper maintenance. This coverage is transferable to subsequent owners; however, it is not transferable to any other vehicle. Please keep this letter with your Silverado. Should your vehicle require repairs within the coverage period, present this letter to the Service Manager of an authorized Chevrolet Dealership.