Buying a Toyota Extended Warrant

Look at what's covered by the extended version, then look at what's not covered, save your money

Definitely use a different dealer

 

Something seems fishy. Is this a Toyota dealer? I believe that there were a few people here that have bought an out of state Toyota branded warranty.

 

You'll be buying an in state or out of state warranty you won't be able to "use." Warranties are total scams.... They have loopholes to ensure that you'll always spend more then you receive in return for repairs. Prius are one of the most reliable cars on the road. Put your money in a bank account that's specific for car repairs or comfort money if you get in a bad car accident. Odds are that money will sit in your account for years and you can one day use it on a down payment for a new car once you're ready to replace the one you're buying now!

 

Do a search on "extended warranty".

You pay 100%, they pay out for repairs 30% (Consumer Reports figures, not mine). Sound like a good deal? Go to a casino, you'll get better odds.

And, BTW, you will get a better deal going out of SET's area of exclusive distribution rights and still get the standard Toyota warranty. The car won't have the SET add-ons but look at the prices they charge and judge if they are worth that to you. You'll feel the difference in your pocket book. I saved almost $2k on my wife's Avalon and it was worth it to me to go to Laurel Md to the CarMax Toyota dealer there..no processing fee, no distributor add-ons, just pleasant email exchanges and the internet price. They picked me up at BWI airport and I was headed home with my new car is about half an hour. No surprises and I knew exactly what I'd pay and they charged not a penny more.

 

I agree. Save your money. I've bought warranties on a few vehicles, a GM, A Ford, and a Honda. The GM broke down all the time and I still didn't get my money back out of it. The Ford had all kinds of issues, but the dealer could never reproduce the issues, or didn't hear what I could clearly hear, so I wasted my money. The Honda never broke. Total waste of money. Toyota's and Prius's are very reliable. Save your money. They wouldn't sell you the warranty if it wasn't profitable for them to do so. Think about it.

 

You did not state whether this is a used or new Toyota. New toyotas are covered under the totyota company warranty and they may contact u to extend this warranty. The company is not in Florida that does this. Anyway this is how they tried to get me to buy the extended warranty after a certain mileage. I figured if I saved the premeium each year I could replace anything broken in five years. ???
Used toyotas from dealers are certified and may be insured (as are regular vehicles but at a different price) by anyone of the many car insureres for defects etc. You ussually end up paying thru the nose. good luck.