Extended Warranty

Is it worth it? I was contemplating getting it but I bought a Toyota for it's reliability. Now should I shell out the extra money for the warranty?

Reply 1 : Extended Warranty

My girlfriend bought it on hers just because of the fact when there doing warranty work they will provide her with a rental vehicle. That was worth it to her, plus she drives alot and the car will have 100k on it by the time her payments are up in 5 years

Reply 2 : Extended Warranty

Quote:

Originally Posted by vrundmc Is it worth it? I was contemplating getting it but I bought a Toyota for it's reliability. Now should I shell out the extra money for the warranty?

I've never wasted the money on an extended warranty. Since most extended warranties only cover major power train issues & I've never had those issues with any Toyota. Most of the things that wear out are not covered by extended warranties from what I've seen. I've also got a friend that works at Toyota & even he said don't worry about it since the major power train things go wrong so seldom It's a huge profit center for the dealers. Just my 2 cents!

Reply 3 : Extended Warranty

Quote:

Originally Posted by vrundmc Is it worth it? I was contemplating getting it but I bought a Toyota for it's reliability. Now should I shell out the extra money for the warranty?

sit down and talk to your dealer and let them explain to you in details what the extended warranty really covers. then maybe you can decide after that. for me peace of mind is priceless.

Reply 4 : Extended Warranty

If you decide on an extended warranty, here's a link to a short list of dealers most popular with TNers and offering excellent prices.



-

Reply 5 : Extended Warranty

I got my extended warranty as part of the deal I made.

I Negotiated the price of my car and then asked for more. They wouldn't give me anymore but finally the sales manager asked if I would sign if they threw in the 100K warranty.



It is a much better idea for people to put the amount the policy would cost in an interest bearing account and have it available if ever needed. Most people won't do that.



For people that don't manage their money well and couldn't come up with the money to replace an engine or tranny sometimes it makes sense. If you can manage your money well, it isn't worth the risk.



It's basically a gamble.

Reply 6 : Extended Warranty

I bought the extended warrenty. I work in a service dept and have seen how much those have paid off. I would recommend getting a Toyota Extra Care plan. Of course you should negotiate price on it because cost probably isnt any more than $500 for the dealer. I would say $1000 would be worth the warrenty over time.

Reply 7 : Extended Warranty

how is it determined that the part broken is not from normal wear and tear?



Say, I have warranty up to 100k miles and my water pump goes at 90k miles...is it just covered?

Reply 8 : Extended Warranty

Quote:

Originally Posted by vrundmc how is it determined that the part broken is not from normal wear and tear? Say, I have warranty up to 100k miles and my water pump goes at 90k miles...is it just covered?

Not on most extended warranties as they usually only cover power train ie, engine & trans. I'm sure that they've been helpful for some people, but I've never had a power train issue under 100k miles. I remember reading a survey several years ago about which brands were worth buying an EW for & Toyota was on the list as the brand to NOT need an EW the most! It's a gamble for sure & can cost you a lot more than the initial cost if it's financed & you start adding in interest. It's only worth it if you use it & a very small % of Toyota owners need to use it according to the article I read some years ago. If I bought an EW on every Toyota I've purchased I would have spent more than what it cost me for my 09 Corolla S!

Reply 9 : Extended Warranty

It really depends how long you're planning on keeping the car for.

Reply 10 : Extended Warranty

My 99 Corolla has 341K miles on it and it just passed California smog check 6 days ago. I have spent less than $1,000 on "repairs" for this car. A starter can be rebuilt for less than $15.



The only "repairs" were one Serpintine belt tensioner, one timing chain tensioner, one drivers door handle, one transaxle seal, one circuit card for heater, starter solenoid contacts, interior rear view mirror. Most repairs surface at 200k mile mark. I have not had to replace any emmissions components. My secret, 3k oil changes with Chevron Supreme 5W/30, Chevron ATF, Chevron fuel with Techron and an occasional bottle of Techron in the tank.



Don't waste the money purchasing any warranty for Corolla. Better to donate to Charity, at least you get a tax write-off. Take a vacation. Buy a new TV.

Reply 11 : Extended Warranty

Quote:

Originally Posted by modestobulldog My 99 Corolla has 341K miles on it and it just passed California smog check 6 days ago. I have spent less than $1,000 on "repairs" for this car. A starter can be rebuilt for less than $15. The only "repairs" were one Serpintine belt tensioner, one timing chain tensioner, one drivers door handle, one transaxle seal, one circuit card for heater, starter solenoid contacts, interior rear view mirror. Most repairs surface at 200k mile mark. I have not had to replace any emmissions components. My secret, 3k oil changes with Chevron Supreme 5W/30, Chevron ATF, Chevron fuel with Techron and an occasional bottle of Techron in the tank. Don't waste the money purchasing any warranty for Corolla. Better to donate to Charity, at least you get a tax write-off. Take a vacation. Buy a new TV.

I've never purchased an extended warranty until this weekend. I bought one with my new Prius III as my wife felt more comfortable since the car has so much more technology than our 07 Matrix & 09 Corolla. I do like though that if I don't use it I get a credit for the warranty amount toward my next car through the dealership.

Reply 12 : Extended Warranty

if any of you have Geico or AAA, you might have warranty coverage if you bought the car new. check with them.

Reply 13 : Extended Warranty

What about for cars over 100k, any good warranties? I bought my camry in 2007 and got the 100k warranty (paid for itself already). Now I'm at 95k miles and won't be getting rid of the car any time soon. Anyone know of a good warranty dealer for me?