Extended Warrenty

[blbgp]

I'm approaching the mileage deadline for the extended warrenty...anyone have an older Prius and the warrenty? Has the warrenty come in handy? Does PriusChat still offer the special to members and is everyone happy with it?

Thanks!

[Charles Suitt]

<_< The "Extended Warranty" is essentially INSURANCE. I plan to buy an Extended Warranty when I reach your situation, expiry of the basic bumper-to-bumper expiration due to time or mileage. When I do buy it, I will buy from PriusChat due to payment of about HALF the price dealers charge for the same warranty.

You might want to read the details of what is actually covered under the Extended Warranty to avoid any surprises.

[Canuck]

<div class='quotetop'>QUOTE(blbgp @ Apr 16 2007, 12:06 PM) [snapback]424145[/snapback]</div>

I'm approaching the mileage deadline for the extended warrenty...anyone have an older Prius and the warrenty? Has the warrenty come in handy? Does PriusChat still offer the special to members and is everyone happy with it?

Thanks!
[/b]

This question regarding the extended warranty comes up quite frequently and is a valid one.
Purchasing any type of insurance (and extended warranty is insurance) is a matter of how much of a gambler a person is. If you can comfortably cover the cost of replacing or making serious repairs to your Prius then behave like the federal government and act as your own insurer. I've had house insurance for decades and fortunately my house hasn't been destroyed by whatever but I sleep better knowing I'm covered. Have I lost money on the deal so far? Yes, in terms of the premiums only.
Some consider buying such a warranty is a bad business decision. If that is so, why do the majority of successful businesses take out insurance policies for every possible contingency.
Only you can answer the questions you have posed.
My $0.02 worth
Gary

[acdii]

Think of it this way. It is like auto insurance, you may think you will never need it, but all it takes is that one time, and you will wish you had it. I got mine for $726, and like I said, all it takes is one $800 bill and its paid for, then again, if it never needs repair, so be it.


Peace Of Mind!

[JimN]

<div class='quotetop'>QUOTE(blbgp @ Apr 16 2007, 02:06 PM) [snapback]424145[/snapback]</div>

I'm approaching the mileage deadline for the extended warrenty...anyone have an older Prius and the warrenty? Has the warrenty come in handy? Does PriusChat still offer the special to members and is everyone happy with it?

Thanks!
[/b]

IMO the car should not be so poorly built that the extended warranty is a good deal for the buyer. You've got 150,000 mile coverage on the hybrid parts. Do you really feel enough "normal" stuff will fail to justify the price? In the end, it's your call to decide what makes you feel best.

[onlynark]

<div class='quotetop'>QUOTE(Canuck @ Apr 16 2007, 10:06 PM) [snapback]424406[/snapback]</div>

Some consider buying such a warranty is a bad business decision. If that is so, why do the majority of successful businesses take out insurance policies for every possible contingency.
Only you can answer the questions you have posed.
My $0.02 worth
Gary
[/b]

I cant say for sure. But my assumption is that they calculate the expected value and come out ahead. For the rare chance that something does happen, they might end up paying in the hundreds of millions, much better for the insurance companies to do that ;p.

IMO, if a salesman is trying to sell you warranty, it means that they dont have much faith in the car and that they expect the car to break. As previously said, its a gamble. If you have a lot of faith in the company and the car, dont buy the insurance. If you are afraid that something will break, then maybe you should buy the insurance.

[Washington1788]

While I think the track record of Toyotas are very good...like any product, things can go wrong. Consider how complex the Prius is its operation between the hybrid components and the computers...if something were to go wrong, it could be a very costly repair depending on the problem. For the "peace of mind" if went with the extended warrenty.

[Danny]

In case you would like a price quote on the PriusChat discounted plan, here is where you can submit a quote request:

http://www.warrantyshack.com/quotes/toyota/

[tljax]

Working on my second MFD. From what the dealer told me that is a $1500 dollar part installed.. Including rental for down time.. My extended warranty has saved me PLENTY of $$, and given me peace of mind for the remaining 30,000 miles left on it!!

[siliconhybrid]

<div class='quotetop'>QUOTE(Danny @ Apr 18 2007, 01:11 PM) [snapback]425448[/snapback]</div>

In case you would like a price quote on the PriusChat discounted plan, here is where you can submit a quote request:

http://www.warrantyshack.com/quotes/toyota/
[/b]

I bought the extended warranty (7yr 100Kmiles) thru Toyota the day we purchased the car.
Can I get a refund? I'm thinking, hey why am I paying $1800 for? it has a 3 yr Toyota warranty anyway.