Just Bought a New 2013 Prius C Two in Charlotte NC

Just bought a new Prius two yesterday. Paid $20,300 which I thought was ok, they wouldnt budge even though I found it across town for $18,977 but then I have to drive 25 miles. The offered 0% 36 months, 0.9% for 48 months and 1.9% for 60 months, none of which seemed to get me close to my desired goal of $300/month. I wanted zero down and had no trade in. The best they could do was $315 month for 75 months. I wasnt super happy but I took it. After waiting about 45 min I saw the finance manager. I wasnt prepared for the options offered at this point and was tired and not thinking straight. Among the options were a 10 year/100,000k mile bumper to bumper extended warranty for about $1900, also financed. 60k mikes of all service for about $1100 (supposedly half the actual cost except paid upfront and also financed, but this one sounded like the best deal of the three Ill discuss. And a Stop Gap insurance for $799 which seemed like the least of the three. The sales team of course tell me how reliable the car is but the finance manager scares me saying "why do you think they oinly give it a 3 year/36,000 mile warranty" and "this is a high tech car and when things break down they are expensive" Keep in mind this dealership offers a lifetime powertrain warranty after the manufacturer warranty runs out so as long as I own it and as long as I keep it maintained according to the manual I think Im good. But somehow I fell for all three of these, financing some $25,000+ though the rate dropped slightly to I think 2.6%. Bottom line my payment is now $359/month for 75 months. Im thinking I got taken now. What do you guys think? I wonder if I can cancel these three extras. If Powertrain forever is there a point?

On the plus side I got at least 50+ all city for about 30 miles and as good as 58 mpg

thanks all!

 

thanks, do you think any of the three are warranted? I dont think I need stop gap as Ive never totalled a car (knock on wood) Ive never even been in a wreck that was my fault. Extended warranty def seems like a rip since I get 36000 miles already and I have a forever powertrain warranty. Thanks I cant wait to enjoy this car!

 

would you agree that none of the three are necessary? Supposedly the $1100 60k mile one was half of the anticipated cost for oil changes, filters, flushes and whatever else is done by the book but Im not even sure this is true

 

thank you, the finance guy showed what looked like worst case was a few years out where the gap would be the largest but in a few years we are halfway paid off and it has only deprecated $10k or so I think, Im willing to take the risk I think but Ill talk to the insurance company.

Finance guy said the maintenance for $1100 was a great deal as after the 3yr/36,000 were not only oil changes but two events that cost $500, according to kbb, maintenance is far less annually up to 5 years.

 

I do plan on keep the car for as long as possible, hoping 225,000k but none of these cover past 100k anyway (except the already built in dealer powertrain warranty)

 

The dealer across town offering the lower price doesnt have the lifetime powertrain warranty so I guess the extra $1300 helps pay for that. I checked and the other toyota dealership in town (we have 4) that also offers a lifetime powertrain warranty quoted me the exact same prices. So I am good with all this at this point, just need to cancel the extra warranties and enjoy the car! This was my first experience buying 1) a new car and 2) any car at a dealership. This is only my third car in my life and Im 39. The first cat bought used for $500 lasted until the second car came to me from a co-worker. That lasted me 11 years. Thanks all for your advice. I should have come here first! Next time for sure!

 

has to be done on schedule per manual

read for yourself: Which vehicles come with the Lifetime Warranty?
The Warranty applies to all new vehicles.

What's covered under the Lifetime Warranty?
The components covered are exactly the same as the manufacturer's Powertrain Warranty plus any additional
coverage that is listed on the Lifetime Warranty Certificate provided when you buy a qualifying vehicle.

How long is the Lifetime Warranty really good for?
The Lifetime Warranty is valid for as long as you own the vehicle - for an unlimited time, unlimited miles.
How much will it cost?
Zero. We're trying to build "Customers for Life" so the Lifetime Warranty comes standard with every qualifying vehicle meeting the criteria above and is included at no extra charge.

Is there any extra maintenance required to maintain the warranty?
No extra maintenance is required. You must simply follow the manufacturer's Recommended Maintenance as referred to in the owner's manual.

Do I have to have all of my service completed at your dealership?
No. Our Award Winning Service Department will certainly exceed your expectations but you are not required to come here. To maintain the Warranty, you must perform the Manufacturer's Recommended maintenance and keep your records. It's that easy!

Where am I covered by the Lifetime Warranty?
The Lifetime Warranty is good at any licensed repair shop in the United States or Canada.

Is the Lifetime Warranty transferable if I sell the vehicle?
No. The Lifetime Warranty stays with the owner as long as they own the vehicle.

What's the catch?
There are no catches, hidden fees, or gimmicks. Our dealership provides this product as an added value to our Customers for doing business with us. The only "catch"? You have to buy your vehicle here!

 

someone like the above post so I can link it

 

reading the fine print, there is a $100 deductible for each repair of the powertrain lifetime. It also does not cover hybrid technology. All service records must be kept. There are a bunch of exclusions like void repairs caused by misuse or damage caused by salt, sap, sand, etc.

 

and commercial use vehicles are not covered

 

I just checked the owners manual. Changing oil and filters and rotating tires is all I can find for the entire 120,000k miles listed (I sure hope they think it will last longer than that). Only inspections of other items are listed, nothing I see says other things must be done? So yeah $1100 seems outrageous. I contacted the Finance manager, he is sending paperwork over to sign to end these extra warranties. However, too late to change the payment structure, monthly payment will remain at $359, however the principle will immediately go down so it will be paid off much sooner than 75 months