Yes, Another Warranty Dilemma

I think you are heading in the right direction, save the $1,000, the odds are with you.......

 

One thing to consider is how long/miles do you normally keep a vehicle, and how long/miles do you "really" think you might keep this one, before the next upgrade. Just a thought.

 

The question in my mind: are you able to get a refund for the extended warranty? There are cooling-off regulations, but: the sooner you talk to them the better. (Have to laugh: tryiing to type "better", I typed "bettery").

One phase of our purchase was a visit to a little room where a lady really tried to sell us on this sort of thing. It's a significant factor in their profit margin, I think.

 

$1k will get you a 7/100k Extra Care Platinum policy from our site sponsor.

There are many items that will not be covered after 36k, that ext warranty can cover for you. Hubs, brake actuators, water pumps (after 60k), transmissions (after 60k).

Ext warranties are basically insurance policies. Buy them if you cannot afford to self insure. Statistically you will not win.

MB860 ?

 

I have one of those lifetime powertrain warranties on our Altima but I still opted to purchase a Nissan Gold Preferred policy. Those 3rd party warranties, ours was backed by Fidelity, make no promise to use new parts for repair (equivalent is what they advertise iirc). Plus the labor time they pay (again IIRC) is significantly less than what the dealer 's rate is. And claims will be difficult since they may use the wear and tear exclusion on you. I'll double check the next time im at my parent's house but my recollection was that it was not a policy to rely on. I got ours free though.


Edit-- ours did not have a clause requiring dealer service. However, if yours does, check if they require you to purchase all the "extra" services that are not needed to maintain the wty. If so not worth it.
MB860 ?

 

Some of those lifetime drivetrain warranties issued by dealers require that all services be done through them, right down to tire rotation. Add up all services and you will more than pay for the "free" warranty. Most chain tire stores and Costco will rotate and balance the tires purchased from them at no charge.
I bought the extended warranty (Toyota Platinum 6yr/100K mi) and in 5 1/2 years, 55K have not had a single warranty claim of any type. They won this round.

 

No need to tie up your money before 36000 miles or 3 years. The warranty costs the same at any time before either of those are reached and can be bought online for much less. You may not have the car until then due to selling or hopefully not an accident, so why buy now? Put your money away for now.

 

Also keep in mind that those 'dealer lifetime warranties' have about a million exclusions in them. They want you to do THEIR maintenance schedule, which is most likely WAY MORE than Toyota's schedule. THink $500 30K services, $800 60K services and the like. Where Toyota's 30 and 60 are oil change, filter, air filters and tire rotate. I'd ask if having the car serviced there allows you to go by TOYOTA's maintenance schedule alone, and if not ... what is the cost of the 30's from the dealer.

Personally ... I'd do neither. I'd service according to Toyota maintenance, AND I'd get a refund on the extended warranty. Also, keep in mind that if you cancel the extended warranty and you financed it ... that they'll probably just take it off the finance contract and most likely will NOT give you a check.

Prepare for a pretty serious fight ... stealers HATE to refund any money for ANYTHING ... especially a cash cow like an EW.

EIther way ... do it ASAP.

REV

 

With the recent wave of lift gate strut failures and now the issue with the mounts, I am starting to reconsider this purchase.

Also, my call to Toyota Extra Care's claim # today had a claims rep give me a verbal confirmation that lift gate struts, front struts and rear shocks would be covered. My dealer agreed with this. Unfortunately, as an insurance underwriter myself, I would like to see this in the coverage form and I have not seen any literature from TFS that confirms this.

 

Get your $1000 back. You have 3 years/36K miles to decide if you want an extended warranty or not. If you decide you want one later get it through this site and save a couple of hundred dollars. email Troy here: [email protected]

I agree with your concerns about ATP failures and I bought an extended warranty for that reason but I waited until I had 35K miles on the car.

I have had no ATP related failures yet but now with hatch strut failures and motor mount problems I'm not sorry I have it.

 

I have 73,000 miles now and will have over 110,000 miles by the end of next year. I have had zero repairs. It is a Toyota, the most reliable car in the world. Save your money.

 

I'd like to hear from owner's who have bought the Toyota Extra Care warranty and used it. It would be great to compile a list of what they actually cover under the standard warranty versus the Extra Care. A Toyota may be reliable but they still break. Spend some time in a dealership shop and you will change your perspective fairly quickly.

 

Judgeless, change his perspective? Nah.

 

"I'm siding on "No." - What's your opinion?"


No.


Good Luck!

 

You've been here long enough to know that problems posted on forums tend to be overly amplified and are not necessarily representative of typical or common problems. This would be true of any forum and "spending enough time in a dealership."

Spend enough time on a mac forum and you'd think the iMac you just purchased won't last a year.

Spend enough time on a hair loss forum and you'd think none of the treatments work and you'd go impotence in no time.

And so forth.....