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Toyota Extra Care Platinum or Gold

Discussion in 'Gen 3 Prius Care, Maintenance & Troubleshooting' started by cossie1600, Dec 31, 2010.

  1. cossie1600

    cossie1600 Active Member

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    Give it a break. No one said the odd isn't against you, but at the same time the odd isn't as bad as you think given how cheap the extended warranties are at the internet price and the price of repairs at the shop. Also you drive mostly highway miles, you can't compare that to people who drive in the city and subject to abuses all the time. Give it a rest. There are also intangibles with an extended warranty that it might be worth money for some people (not having to deal with aftermarket parts, junkyard monkeys, angry wife, etc). I am sure some people are laughing at you for buying a $27K Prius, but I am sure it is worth it to you.

    I was quoted <$1000 for a 120K warranty. So yes you can get one for less than $1K.
     
  2. Judgeless

    Judgeless Senior Member

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    On my last car I did not have to deal with any of those things because nothing broke until I had over 180,000 miles. I have over 50,000 miles on my 2010 Prius and I have not had to deal with any of the things you listed. I will post this for you again. “Toyota, Lexus, Scion make the most reliable cars in the worldâ€

    Only you. Do are think people that Purchased a GenIII V with the technology package for $34K are complete idiots? I do not.

    It’s funny you do not post the exact amount. What did you pay $998? The odds are againt you that you will never get a return on investment on your $998. Why gamble when the odds are against you?
     
  3. unkprius

    unkprius Member

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    Quote:
    Originally Posted by cossie1600 [​IMG]
    I am sure some people are laughing at you for buying a $27K Prius, but I am sure it is worth it to you.

    Only you. Do are think people that Purchased a GenIII V with the technology package for $34K are complete idiots? I do not.
    ======================

    That's the point. According to your argument one is throwing away money if spent on something where the odds are against them ever using.

    Is every owner using every single option they purchased so that they will get all their extra money's worth out of the purchase?

    Obviously not to varying degrees, which means they also wasted x amount of money, just like I did on the warranty.
     
  4. eric1234

    eric1234 Active Member

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    This is an interesting exchange. Nice to see andreuccio's objective analysis and reasoned approach to counterbalance some of judgeless' arrogance and self-righteousness.
     
  5. Judgeless

    Judgeless Senior Member

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    Here is a list of the key features of the IV over the II and III. I will post how often I use them.

    Leather trimmed seats – I use this ever second I am in the car.
    Leather trimmed steering wheel – I use this ever second I am in the car.
    Heated front seats – I only use this on cold days. In Cleveland that is a lot of days.
    Power driver lumbar support – I set it and leave it
    3-Door Smart Key – I use this 3-4 times a day.
    Illuminated entry – I use this everyday but only at night.
    Plasmacluster – May 3 times a week when I drive by something that smells.
    Autodimming rearview mirror - I use this everyday but only at night.
    Homelink – I use this 5-10 times a day to open my garage door.

    I have over 50,000 miles. If I wasted the money on an extended warranty this is how many times I would have used it over the 2 years I have owned the car.

    ZERO!!!!

    I do think when people buy a IV or a V over a II or III they use most of the features daily. I bet it would be hard to find anyone that has used an extended warranty on a Prius.
     
  6. Judgeless

    Judgeless Senior Member

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    Here is the summary of Andreuccio's objective analysis.


    I belive a lot of people never use it. It is a HUGE profit center for Toyota. The consumer loses.
     
  7. Eagle 1

    Eagle 1 New Member

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    Wow, too bad this thread never really discusses the original question. Why the arguing? Does this make one superior?

    Judgeless sure seems to be judging.....lol
     
  8. macmaster05

    macmaster05 Senor Member

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    You'll have noticed it's his thing if you've read his other threads. It's irony at it's most humorous yet useless.
     
  9. Judgeless

    Judgeless Senior Member

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  10. Andreuccio

    Andreuccio Junior Member

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    If I go for an extended warranty, (and I might), I would go for the platinum rather than the gold. If I'm going to insure, it's going to be against the calamity, not the small stuff. Might as well get the more comprehensive coverage.

    Again, though, it would be useful here to hear from other Prius owners about what, if anything, has failed in their cars. Maybe if we do have problems they're more likely to be with things on the gold rather than the platinum, or maybe not.
     
  11. Andreuccio

    Andreuccio Junior Member

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    True on both counts.
     
  12. Andreuccio

    Andreuccio Junior Member

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    Thank you.
     
  13. Andreuccio

    Andreuccio Junior Member

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    I envy you that, and find it commendable. I wish I were that resourceful, or had the time to be. That I recognize that I am not is one of the reasons I am considering getting an extended warranty even though I know the math is against me. I don't have the time, the interest, or the skill to look through junkyards for parts for my car.

    Neither am I, which is another reason I'm considering buying the warranty. I don't want to warranty my own car either.
     
  14. my-prius

    my-prius New Member

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    There are 2 reasons I decided to go with an extended warranty

    1. For the peace of mind, knowing that Murphy's law is always hanging over my head

    2. The warranties are transferable so if I put my car up for sale sitting next to one with no warranty there is a pretty good chance that will be a selling point on a used vehicle that they have no idea what the actual history is.
     
  15. cossie1600

    cossie1600 Active Member

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    You got lucky on yours. My Prius had 4 minor problems in 36K miles. Since you like odds so much, the odds are high that something will break before 100K. It's a matter of how much and what it is. It's a fact, not some make up number.

    I wouldn't call the IV owner1 idiots since they treasure the little things that come with it and can afford to. I am one of those that can afford but choose not to buy it due to price of it. If it was a $3K option, sign me up. $10K?!? F that. You prefer to pay $5K on options that are worth less than $1K in the resell market. Once again, that's a fact. Look up the black book and see if they give a $hit about a II vs. V.

    I paid $980 or something for mine, I don't have the exact number because I threw the bill in my drawer somewhere. $980/$1000, same $hit. It's not like $22K Prius vs $34K Prius. Go to Welcome! | WarrantyShack if you want to get it.

    Everything in life is a gamble. That's one of the reasons why people have insurance and school loans. I assume you also have retirement funds and have stocks?

     
  16. eric1234

    eric1234 Active Member

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    Great point. Itd be useful to get some real data...
     
  17. cossie1600

    cossie1600 Active Member

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    They are also refundable. Let's say you pay $1K for it and used it for 3 years (6 year contract let say), you can get nearly $500 back if you sell your car in 3 years.

    As I said, the odds might be against you (worked out for me each time), but you don't want to be the one on the losing end. The price is also reasonable enough that it might be worth it for some people. I would never pay the $2K asking price at the dealer, but at near cost they are a lot more attractive.
     
  18. eric1234

    eric1234 Active Member

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    I am also considering the platinum. I'll probably wait until just before 3yrs or 36k before I pull the trigger. A relative just had his hid headlight repaired on his 2006 to the tune of $600. (which may qualify for reimbursement, hopefully). While toyotas and the prius are very reliable, there is some advanced technology there that can bse pricy, such as that AC compressor. Of course, it's important to have some data on failure rates...
     
  19. Judgeless

    Judgeless Senior Member

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    Andreuccio. Why don’t you start a new thread in the GEN I and II forums and ask people how they made out on their extended warranties before you spend $1,000.
     
  20. Andreuccio

    Andreuccio Junior Member

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    I believe I'll have to.

    Perhaps tomorrow. (I still have 34, 900 miles to go. :))