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New Toyotas-Extended Warranties Warranted?

Discussion in 'Fred's House of Pancakes' started by wjtracy, Apr 3, 2020.

  1. wjtracy

    wjtracy Senior Member

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    We just got a new RAV4H.
    What's the latest thought on extended warranties purchase with the fancier safety electronics?

    We skipped it on the 2006 and lucked out...many got water pump replaced but we did not need to
    So far we skipped on the new RAV4H but dealer wants to make an offer.
     
    #1 wjtracy, Apr 3, 2020
  2. Mendel Leisk

    Mendel Leisk Senior Member

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    Pictures? :)

    Tough call, especially those electronics. The standard warranty is pretty good though. I've never got it, have yet to regret it.
     
    #2 Mendel Leisk, Apr 3, 2020
    Raytheeagle likes this.
  3. Salamander_King

    Salamander_King Senior Member

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    I would say NO. But if you plan to keep the car long time, and having the "insurance" on it make you sleep better, maybe depending on the price. You have until 3yrs/36kmiles whichever earlier to decide.
     
    #3 Salamander_King, Apr 3, 2020
    Last edited: Apr 3, 2020
  4. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    Nope.
    Never.
    No way, No day.

    Don't.

    Take the $1,000 that you would have wasted on the warranty and put it in a checking account / index fund / jar buried in your back yard, etc, and then attempt a DIY solution to anything that you encounter as a problem between mile 36001 and 125000.....

    MOST IMPORTANTLY!!!

    Change your profile and post some pix.....a review.....etc.

    Good Luck!
     
    #4 ETC(SS), Apr 3, 2020
    davecook89t, RRxing and Georgina Rudkus like this.
  5. JimboPalmer

    JimboPalmer Tsar of all the Rushers

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    Does your dealer look like he may miss a boat payment? It will do you no good, it is all about him.
     
    #5 JimboPalmer, Apr 3, 2020
    davecook89t likes this.
  6. Elektroingenieur

    Elektroingenieur Senior Member

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    See my November 2017 and more recent comments.

    The active safety systems can increase the cost of repairs, but this often happens in situations not covered by typical service agreements, such as repairs after a collision, or recalibration of the forward recognition camera after replacement of a cracked windshield.
     
    #6 Elektroingenieur, Apr 3, 2020
  7. mikefocke

    mikefocke Prius v Three 2012, Avalon 2011

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    There are better deals to be had than your dealer will offer, if you must. Wander over to rav4world and do a search. Two names keep coming up. I got a great quote from one of them. But my car is 9 months old and I can delay buying the warranty until just before the bumper to bumper manufacturers warranty runs out at 24 months.

    If you do, know that the salesperson, the sales manager, the dealer will all love you. And there are dealer and warranty admin costs too that factor into the price of the warranty. So you know for sure that the insurer plans to pay out in claims on average well less than the amount you will pay for the policy. (CU says something like 35%.)

    A casino pays lots to a few, some break even, many many more lose. The casino always wins. (political remark omitted)
     
    #7 mikefocke, Apr 3, 2020
  8. Raytheeagle

    Raytheeagle Senior Member

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    How about a new avatar for @wjtracy (y).
     
    #8 Raytheeagle, Apr 3, 2020
    Mendel Leisk likes this.
  9. JimboPalmer

    JimboPalmer Tsar of all the Rushers

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    I do not know, a boat and no paddle says so much!
     
    #9 JimboPalmer, Apr 3, 2020
    Raytheeagle likes this.
  10. Raytheeagle

    Raytheeagle Senior Member

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    Maybe that'll convey:).

    He could do what @TonyPSchaefer did with his avatar;).

    Keep it current(y).
     
    #10 Raytheeagle, Apr 3, 2020
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