Extended Warranty

[wfisher11]

<div class='quotetop'>QUOTE(David Beale @ May 15 2007, 09:23 AM) [snapback]442390[/snapback]</div>

It's a Toyota warranty, and you have 30 days to cancel and get a full refund. As others have said, after the 30 days they only charge you for the warranty you have "used" (actually, warranty time you have used, nothing to do with repairs).
Tell the dealer you are going to cancel, and get it for under $1000. Give him the chance to price match or come close enough for you to keep the one he sold you. He still makes a profit. He just doesn't get to buy a new yacht -this- year.
[/b]

make sure you follow the request posted here on prius chat ...

A quick note from PriusChat concerning using our offer as a way to "pricematch" with your dealer. Basically, please refrain from doing so. Telling your dealer about this offer could lead to higher prices in the very near future or completely pulling the deal from this site. Please read the message from Troy, our PriusChat Warranty Rep, below:

"...If anyone feels that they simply must give their dealer the chance to price match, at the very least, give us the courtesy of keeping us anonymous so you don't ruin it for everyone. Just tell them you have gotten a better price at another dealer, and leave it at that. Don't give them a copy of this thread or one of my emails with all the info they need to go crying to their factory reps about how much money they lost because of us."[/b]

[richard schumacher]

<div class='quotetop'>QUOTE(hill @ May 15 2007, 09:24 AM) [snapback]442391[/snapback]</div>

On that philosophy, one can justify no home owner's, auto, life, med, umbrella, unemployment, disability, as well as extended warranty insurance. Yet, theirs (ins. industry) is the largest / strongest lobby on capitol hill. Looks like an awful lot of folks don't seem to follow your logic ... which if i understand, means that if the insurance policy makes a profit, then it's a bad deal? Or what ARE you saying. Heck, if you buy a CD, aren't the banks making a profit? And thereby the "deal" is suspect?
[/b]

The implicit part of that advice is, in situations which you can afford to self insure you should do it. Most people (including me) can't afford self insurance for catastrophes like the loss of a house or major medical. In contrast anyone who can afford a new Prius can afford to pay for a refurbished MFD or the like if necessary. "Peace of mind" is a sales slogan, not good financial advice.