Should I buy the Toyota extended warranty?

[gupchurch1349]

I picked up my new Prius today. When should I buy the Toyota extended warranty? Is it a good buy for the money? Has any one had problems using this warranty? Also, does any one know of any other company that offers a better deal or is this the best one? Any details one could provide is greatly appreciated.

Thanks
Upchurch, Kentucky

[Alnilam]

<div class='quotetop'>QUOTE(gupchurch1349 @ Nov 11 2006, 02:10 PM) [snapback]347565[/snapback]</div>

I picked up my new Prius today. When should I buy the Toyota extended warranty? Is it a good buy for the money? Has any one had problems using this warranty? Also, does any one know of any other company that offers a better deal or is this the best one? Any details one could provide is greatly appreciated.

Thanks
Upchurch, Kentucky
[/b]

Yes, you should get it. The Prius has too much magic for something not to go wrong and the parts are expensive.

Get it before 36,000 miles. But if you wait until then, you take a chance of the price going up and lose the towing/substitute car provisions during your uncovered period.

Get it from Troy, on-line here, for just a shade under $1,000 for the 7yr/100,000 mile/$0 deductible package direct from Toyota. Nobody else beats this.

Just my opinion. The dealer wanted to charge me $2,300 for a much diminished warranty.

[Starfall]

<div class='quotetop'>QUOTE(Alnilam @ Nov 11 2006, 06:26 PM) [snapback]347568[/snapback]</div>

Yes, you should get it. The Prius has too much magic for something not to go wrong and the parts are expensive.

Get it before 36,000 miles. But if you wait until then, you take a chance of the price going up and lose the towing/substitute car provisions during your uncovered period.

Get it from Troy, on-line here, for just a shade under $1,000 for the 7yr/100,000 mile/$0 deductible package direct from Toyota. Nobody else beats this.

Just my opinion. The dealer wanted to charge me $2,300 for a much diminished warranty.
[/b]

Totally agree with you, Alnilam.

Troy's "Extended Warranty" (a genuine Toyota Warranty - same as you would purchase from your dealer, which comes directly FROM Toyota) is a lot less. At least it was for me.

Saved me a lot of money for exactly the same thing.

At least read the posts about it.

[Gen2]

Having grown up in an automotive family I knew that most factory extended warrranties really don't cover everything the way that we think think that it does, so I went with a mechanical breakdown insurance policy for my Prius and I sleep better for it. These policies also cover wear and tear whch the factory warrantoes definitely do not, so they are a better deal.

http://www.warrantydirect.com/

[erogla]

if you plan on keeping the car more than 3 years , yes get it.

[Allannde]

<div class='quotetop'>QUOTE(Gen2 @ Nov 24 2006, 10:57 PM) [snapback]353876[/snapback]</div>

Having grown up in an automotive family I knew that most factory extended warrranties really don't cover everything the way that we think think that it does, so I went with a mechanical breakdown insurance policy for my Prius and I sleep better for it. These policies also cover wear and tear whch the factory warrantoes definitely do not, so they are a better deal.

http://www.warrantydirect.com/
[/b]

The Toyota Platinum extended warranty is just the same as the one which came with your car. Look these other warranties over very carefully. The MFD and other electronic components of the Prius are not yet common and can be quite expensive if they need to be replaced. The reason for having this protection is to be covered and if it turns out that you are not, it is BAD NEWS.

If the coverage is there, great.

[galaxee]

at the very least, it will probably increase the resale value of your car should you decide to sell a couple of years after the initial warranty runs out.

and if it helps you sleep better at night, by all means go for it.

[Beryl Octet]

<div class='quotetop'>QUOTE(Gen2 @ Nov 25 2006, 01:57 AM) [snapback]353876[/snapback]</div>

Having grown up in an automotive family I knew that most factory extended warrranties really don't cover everything the way that we think think that it does, so I went with a mechanical breakdown insurance policy for my Prius and I sleep better for it. These policies also cover wear and tear whch the factory warrantoes definitely do not, so they are a better deal.

http://www.warrantydirect.com/
[/b]

I'd probably look into this site harder, but any site that requires a phone number/email addr before giving out any details on the warranty coverage screams spamming scam to me.

[tumbleweed]

If you are going to buy one by all means get it here. The real question is do you need it? As Galaxee said if it helps you sleep better then get it, a good nights sleep is worth a lot.

On the other hand some of us sleep just fine without one. If you can afford to fix whatever breaks without causing difficulties for yourself then maybe you would save money by not buying it. I have never bought an extended warranty on anything and I think that has saved me enough, over the years to fix anything that breaks. Another thing to consider is how long you will keep the car, it may make your car worth a bit more to someone but not a $1000 more. So if you are going to get rid of the car before 3 years, 36K miles don't buy one.

If, however, you plan on keeping the car for a while and have had maintenance problems with other vehicles, or just want peace of mind maybe you should get it. Of course an extra $1000 in your IRA or 401K might give some peace of mind also.

[aaf709]

<div class='quotetop'>QUOTE(Gen2 @ Nov 24 2006, 10:57 PM) [snapback]353876[/snapback]</div>

Having grown up in an automotive family I knew that most factory extended warrranties really don't cover everything the way that we think think that it does, so I went with a mechanical breakdown insurance policy for my Prius and I sleep better for it. These policies also cover wear and tear whch the factory warrantoes definitely do not, so they are a better deal.

http://www.warrantydirect.com/
[/b]

I got a quote, but it costs more than the Extended (Lowest level 5 year/100K with $100 deductible is closest at $996). Still, it's an option.

It's a crap shoot in any case. I got an extended warranty for my camcorder and never used it. I got an extended warranty for my refrigerator and used it. I got a third-party extended warranty for my last car, which was useless (it turns out the person I gave the money to neglected to set up the policy).

At the moment I'm planning to get it. It's really up to you.