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2004 Prius with 50k mile...should I buy a warranty

Discussion in 'Gen 2 Prius Main Forum' started by erniescanyon, Mar 30, 2012.

  1. erniescanyon

    erniescanyon New Member

    Joined:
    Mar 30, 2012
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    Location:
    Seattle
    Vehicle:
    2004 Prius
    Model:
    N/A
    I suspect most people will think a warranty is a good idea, but I'm curious for opinions since it would be great to save the cash.

    I just drove away with a 2004 Prius with only 50k miles. This was from a certified Toyota dealer who put it through all the usual tests and maintenance. Vehicle has been regularly serviced and it looks to be in perfect condition.

    Question:
    Was is smart economics to pay $1600 for a 4 year/48k mile full warranty? I don't want to take a big gamble but what do you think the probability is that we will have a mechanical problem that costs more than this amount in the next 3-4 years?
     
    #1 erniescanyon, Mar 30, 2012
  2. Keiichi

    Keiichi Active Member

    Joined:
    Feb 1, 2012
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    Location:
    Goleta
    Vehicle:
    2012 Prius v wagon
    Model:
    Five
    There are a few postings in the Newbie forum about the Warranty, but don't forget, you can get the warranty from here as well. Also, this is the Prius v forum, so better answers might be found in the Prius Gen II forum or the Newbie Forum.
     
    #2 Keiichi, Mar 30, 2012
  3. richard schumacher

    richard schumacher shortbus driver

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    Vehicle:
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    The chances are small. Remember that warranties are priced to make a nice profit for the seller, not for the buyer.
     
    #3 richard schumacher, Mar 31, 2012
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