Question about extended warranty plans

[PasoRed]

When we got our new Prius last week, the dealer told us we could "buy" the extended warranty (6 yrs/100K) for $1995 with no tax. They would refund the purchase price if it was never used. He said we had 30 days to cancel it. If we waited, we wouldn't get the warranty. I didn't know about this forum, else I would have said no. At least now I can cancel it (and not mention why!).

[Boo]

Originally Posted by PasoRed

When we got our new Prius last week, the dealer told us we could "buy" the extended warranty (6 yrs/100K) for $1995 with no tax. They would refund the purchase price if it was never used. He said we had 30 days to cancel it. If we waited, we wouldn't get the warranty. I didn't know about this forum, else I would have said no. At least now I can cancel it (and not mention why!).

Yes, I would try to cancel it in person (not by phone). And don't walk out of the dealer without, at minimum, a written acknowledgment of the cancellation, and if you can get it, an actual check or credit card credit for the refund.

Then I would wait until you approach the end of the basic warranty period of 3 years/36,000 miles to decide (1) whether to get the extended warranty, and (2) if you decide yes, then which extended warranty to get in terms of years and miles (you'll pay hundreds less than the current $990 price that Troy/WarrantyShack.com/Toyota of Greenfield charges for the 7yrs/100,000 miles/$0 deductible Platinum Plan, if you choose an extended warranty with fewer years and/or miles).

Good luck PasoRed. And congrats on your new Prius.

P.S. FYI, if you bought your Prius in California, the hybrid battery is warrantied for 10 years/150,000 miles.

[Santiago]

I picked up the "Toyota" extended warrant at purchase (told them I wouldn't pay more than $990) and saved the difference between the ridiculous price quoted but now I notice that there is a $100 deductible. Is that the standard "Toyota" warranty or have I been screwed? I know that the PriusChat warranty is $0 deductible.

[Balew]

I bought a 2005 on saturday and the finance guy said that since it's got 44,000 miles I should probably get the extended warranty which covered everything up to 100,000 miles. He especially brought out the fact that the electrics on the car would probably need the warranty the most. What does the regular warranty, issued with the car, cover? Doesn't it cover the "hybrid" components for 100,000 miles. They wanted $2400 and I opted for it. I called yesterday to cancel.

[Balew]

Just had a second thought. Can I find out if the original owner bought the extended warranty?

[rigormortis]

Originally Posted by Balew

Just had a second thought. Can I find out if the original owner bought the extended warranty?

if he bought it then the nice thing to do was transfer the warranty to you
the not so nice thing would of been to cash in his warranty when he sold the car

if you call toyota financial services and give them the vin number they will tell you if it has the extended warranty activated or not

can you even buy the extended warranty at 44,000?? i thought you only had 36,000 to buy it

[Balew]

I bought it from Earnhardt Toyota. It's my understanding that the Toyota dealer can offer the extended warranty if the car has over 36,000 miles. My car is "certified used" which begs the question: Do I need the extended warranty?

[Boo]

You're right, a Toyota dealer selling a certified used Toyota can sell a Toyota extended warranty for the car.

Personally, in my risk management analysis, I would never ever get the extended warranty for $2400. But for the $990 offered here for Toyota's best extended warranty for new cars, I think that's a reasonable insurance buy.

[Wayne]

Be aware also that the 7-year warranty is only good for 4 years, as it starts from the date you put the car into service, not from the end of your bumper-to-bumper warranty.

[Serraph]

Originally Posted by Wayne

Be aware also that the 7-year warranty is only good for 4 years, as it starts from the date you put the car into service, not from the end of your bumper-to-bumper warranty.

Ooh thank you so much, that is good to know.


Serra