Toyota Gold extended warranty?

Nobody knows for sure but the odds are: NO.

If they weren't making a profit at that price, they wouldn't be selling it.
That is a profit over and above the normal cost of repairs.

Also it probably doesn't cover "everything" like you might think.

The "experts" say: Put that $1500 in a savings account earmarked for COVERED repairs and see how much you have left after 4 years.
In most cases, you will still have close to $1500.

p.s. I really wish there was another Toyota dealer close by. I haven't been too impressed with the one in Ocala.

 

No. I would not even think about it. Just more profit for the dealer.

 

Have you ever wondered why they're offering extended warranties on everything from light-bulbs to Big Macs these days?

Easy:
Greed.

Extended Warranty = BAD.
It's a bad product, and they're "offering" to finance this bad product.....meaning you'll likely pay even more than the $1500.
Also.....if it's not a MANUFACTURERS warranty, then it's probably not a warranty at all, but some overpriced "coverage" that will not cover much of anything.

I smell a rat.
If this is one of those "buy here - pay here" places?

Don't.

Good Luck!

 

I'm neither for nor against extended warranties. I have one this time, but I have specific reasons for having it and probably won't get another when I trade because those reasons will no longer apply by then. And it didn't cost near what yours will. Yes, they are a money-maker for the dealer, but so is the car you just bought. The difference is you get something out of the car and the only thing you get out of a warranty is some degree of peace of mind. Of course, something expensive can go wrong (like it did on our Montana van when we didn't have an EW) and those telling you not to get one are not going to pay for repairs, so it's totally up to you. But, the Prius has an excellent track record and setting aside the $1,500 or just having a decent emergency fund (which you should already have) is all you should really need. And much of what is covered by the EW is probably already covered up to 100,000 miles, so that 48,000 miles really isn't. Like someone else said, if you are financing that $1,500, then it will exceed $1,500 by quite a bit. If it's not a Toyota warranty, beware. My take is that if you can afford the $1,500, you can probably afford any repairs that might pop up, unless you are just a totally destructive driver or simply unlucky.

 

It is NOT a Toyota warranty. The opportunity to Toyota's warranty ended at 36000 miles. Save your money and run, not walk away from that offer.

 

The one interesting question would be, does it apply to the hybrid battery? But even so we have had very few Gen3 batts fail so far.

 

Well, you certainly got one heck of a price on the car you bought. Concerning the warranty. I would just have to say, it's your decision. I think you will make the right decision whatever you do.

 

Here's the fine print from the gold warranty http://www.toyotacertified.com/ebrochures/tcuv_gold_vsa.pdf :

Time and Mileage coverage periods are measured from the date the vehicle was first delivered into service as a new vehicle and zero miles. Coverage expires upon reaching the maximum time or mileage of the coverage period selected, whichever occurs first. Deductible applies to each eligible repair visit. See your Agreement for complete terms, conditions, and restrictions.

The warranty isn't for an ADDITIONAL 4 years/48000 miles--it extends the new car warranty TO 4 years/48000 miles. The Gold warranty they sold you expired 39000 miles ago. Try to get a refund and file a complaint with your government's consumer affairs office.

 

Isn't that a SERVICE agreement, not an extended warranty agreement?