That is exactly why I created this post! This is my first time that I'm looking to purchase a Toyota and I'm not sure if typical Toyota buyers go for the warranty or rely on Toyota's reputation for long-term reliability.This might be a naive answer, but one of the main reasons I shop at Toyota is for long-term reliability. So I would say no to an extended warranty just based on my expectations of reliability. But please challenge me if you have evidence to disprove!
90% profit?At our dealership they went through an incredibly long list of protection options. I was surprised by how expensive each was and ended up declining them all. I took a photo of the screen (it was all done on an electronic screen/table) though the prices on the screen don't make sense. They give them as per day costs but they don't correspond to that.
I recall that the 10 year / 100,000 warranty was about $3000.
Is the extended warranty priced differently by region and/or by trim package?
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For what it's worth, the last time I purchased an extended warranty was on our '05 Honda Odyssey. It was the first year of a new gen as well. I don't recall every having to use it.I normally don't, and have never had an issue. Only a scattered minor thing here and there which costs pennies compared to the warranty charge.
However, with that being said, I'll probably end up going without it this time as well, but I am considering it. The only reason why is because I'm somewhat concerned about being a whole new model from the ground up, and this being the first production year so there will probably be a bug or 2 along the way
Actually, now that you mention it I remembered that I didn't buy my Honda Care extended warranty with the car. I just checked my notes and found that I purchased it a couple of weeks later from a different Honda dealer over the internet. The dealer was present in one of the Honda forums offering the extended warranty well below the price my dealer had offered. I purchased over the phone and received the Honda Care documentation in the mail.I don't purchase extended Warranties any more. However, if I did I would purchase the warranty after the purchase separately and do it online where you can find the cheapest nationwide. You can find dealers for most manufacturers that sell a lot of extended warranties at rock bottom pricing and do so because they sell a lot of them. I would never purchase 3rd party only Toyota Warranty, I know States like Florida the choices are limited. Also, never purchase GAP from dealer your insurance company or another source is likely drastically cheaper.
Yes any Toyota dealer can sell you an extended warranty; however, some states have weird laws so I'd look into that for instance my brother lives in FL and they treat it as an insurance product so it is regulated at a fixed price, and I'm not sure about purchasing out of state if you live in a State with certain laws. I know for Honda those that sell them online have a drop-down box and you can't select States they are not allowed to sell to. That would be a question to dealer if you find one out of state if they can sell it to you and it be valid in your state; otherwise, you could just look within your State at dealers see who offers the lowest, maybe your own dealer will match it, bring the quote with you and tell dealer I'm buying from this dealer unless you match it.Actually, now that you mention it I remembered that I didn't buy my Honda Care extended warranty with the car. I just checked my notes and found that I purchased it a couple of weeks later from a different Honda dealer over the internet. The dealer was present in one of the Honda forums offering the extended warranty well below the price my dealer had offered. I purchased over the phone and received the Honda Care documentation in the mail.
Does Toyota work the same way where any dealer can sign you up for an extended warranty on a recent purchase? I'm still leaning toward not but it might be a harder decision at a drastically different price point.
Nah, just telling it like it is. I've been on these boards long enough listening to folks that talk big about legendary reliability and don't think they need an extended warranty. It's rather hilarious how many of them pop up a few years later cursing and whining about their latest breakdown and for reasons I can't fathom truly expect Toyota to rush in and pick up the tab. If you chose to be 'self insuring', then I hope you'll be man enough to hold to that position and accept what happens.Can you afford not to?
You don't sell extended warranties do you? lol. Sounds like a scare tactic quote from the finance guy. Toyotas have earned a reputation for reliability, if they were breaking down in droves after the warranty period it wouldn't have that. Plus the drivetrain for the hybrid system has a 10 year/150,000 mile warranty from Toyota.
I am interested in this point. Anyone have any experience with this in Canada? I understand that you have 31 days from your date of purchase to buy the warranty. What's not clear is if I can buy it from another dealer and if it will be any cheaper.1) I don't pay retail. At least in NY it's not locked down to selling dealer or NY sellers. So I almost always buy out of state from one of the big boys with minimum markup. If I can buy an 8/125 $0 ded plan for under $1,500 with no sales tax, I'm pretty confident of getting my money's worth out of it over that much time. I'm not locked into a day of sale transaction or price-fixing dealers. Let the dust settle on the vehicle purchase, buy the warranty a month later with a fresh search approach.