Toyota Extra Care Platinum or Gold

Coming from a guy who spent $4K in options to buy a IV over a II? For leather seats, radio and bluetooth? Really? The $4K you spent buying the IV is worth an extra $1K when it comes time to resale the vehicle. You paid extra to have things that are important to you, I paid extra for things that are important to me. At the end of the day, I spent $1K and you spent $4K. Big whoopie. It doesn't make anyone wrong, we just happen to disagree. Are you Glenn Beck and think you are right on everything? I don't disagree with you that Toyota will make money off everyone overall, but I have calculated the risk and believe it is worth it to me.

I paid roughly $1200 on my last extended warranty, I got $4000+ in work done plus $400 bucks back when I sold the car early. I didn't do my homework? I lost money? Let me do the math again.

Is this a competition on who makes more money? Really?

 

That's fine, I have no problem with it or without it. Personally I just want it for the convenience given the cost isn't that high.

Your self-insured strategy is good, except most self insured companies also have reinsurance on claims that are above certain amount. You don't have that if your engine decides to let go for whatever reasons (yes i know the chances are small, but what if).

 

Infiniti Q45 and I had a C6 Corvette that had extended warranty.

You value warranty differently than I do, which is fine. I factor in a lot of things like my time/convenience/cost/possible exposure. I understand full well that there is a good chance that I won't get all my money back (I still think I can recover at least 50% of it), but I am buying myself a piece of mind and my risk is minimal given the time/cost. Some people believe the IV is worth the $4K over the II, so what? It's just a difference in opinions. Do we have to go Glenn Beck over each other?

 

Read his first line

"Hey, why not compromise on the extended service plans and self-insure?"

 

I understand that, I was simply replying to what he said using his terminology. My point is still the same. In the UNLIKELY event that the car suffers a big expensive failure, I don't want to be the one forking out the entire bill. It's the same reason why self insured clients buy reinsurance. Same with term life insurance blah blah blah.

 

A six year old Prius with about 80K miles is probably worth $8K minimum. I would be pissed if I have to spend more than $1500 to resale the vehicle. I can afford it, it doesn't mean I want to do it. Car is still built with mechanical and electronic (more of them) parts, they can have random failures. I just clicked on the technical forum. I found people with check hybrid system light at 2500 miles and waterpump issues. With those two problems alone, you are talking about $500. Good luck getting your gas station to pull the hybrid system code, I am sure they have the computer needed to fix it.

As I said, you don't have to agree with me. It also doesn't make you right. The extended warranty had covered me in the past, I have no problem getting it again. If it doesn't work out, so be it as I know I minimized my risk. Based on my experiences, the warranty is worth it.

BTW. I could work on cars. It doesn't mean I want to work on it, especially if the car is still relatively new. It's like I could change my oil, but why would I do that when they are charging $14 for labor to do it?

I believe the 1st gen Prius and early built 2nd gen had transmission problem. As I said, call it what you want, the job of the transmission is still to transfer the power from the engine to the halfshafts and to the wheels. It's like sitting there arguing about front mid engine cars vs. tradition mid-engine cars.

Oh it's nice to go to the junkyard and everything, but good luck retrieving a SRS code or VSC code. You wouldn't even know where to start without the computers they have.

 

Yes Glenn Beck. Your car is so special that it will never break.

Here is a fact (not that you listen). I got more than my money back on two different occasions. If I lose this one, I will still be 2 for 3.

Also where the f are you seeing 2005 Prius with 80K miles going for $6K? The black book trade in value is $7730. I even did a 2004 for you, the trade in value is $6410 in average condition. Are you getting it from the same people that will retrieve SRS/VSC/ABS/TPMS codes for you for $10/hr?

2004 Toyota Prius 4D Hatchback​

VIN: JTDKB20U4 UVC: 2004900288 VIN + UVC: JTDKB20U4288 MSRP: $20,295 Finance Advance: $8,050 Model#: 1224 Price Incl: AC Mileage Cat: B Weight: 2,890 Wheelbase: 106.3 Base HP: 76 @ 5000 Taxable HP: 13.9 Tire Size: 185/65R15 Drive Train: FWD Transmission: A Fuel Type: Gas Cylinders: 4
Black Book Retail as of 01/31/2011 Extra CleanCleanAverageRoughBase$11,325$10,075$7,975$5,350Options$0$0$0$0Mileage$0$175$300$0Total$11,325$10,250$8,275$5,350
Black Book Trade-In as of 01/31/2011 CleanAverageRoughBase$7,770$6,110$3,595Options$0$0$0Mileage$175$300$0Total$7,945$6,410$3,595

 

It's no different than people who paid $27K for a IV vs a $22K II. Some people value things that others don't.