Platinum Certified Extended Warranty - How much?

You can get it for $800 elsewhere. If your dealer is like mine, they won't budge on the price.

You can buy the warranty from ANY Toyota dealer. There are a few on-line, and one of the best has been said to be Toyota of Greenfield (MA), I think they said ask for Dean, but, it has been bought by a Volvo/Audi dealer since then, so I don't know if it still holds.

These can be sold by places other than the dealer. If you're a member of a Credit Union, ask them. Also in many cases you can buy these "service contracts" (that's really what they are) up to the time your factory warranty expires. So you should have time to shop. Markup is in the range of 100% (so the dealer cost will be something like $600).

Also, Toyotas are pretty reliable. My '83 Camry has 250,000 miles on it and nothing has happened that would have been covered. Still all original running gear (engine, tranny, clutch, etc., etc.)

The credit union will not have Toyota Extra Care products. I am not a fan of extended service contracts in general, and especially ones from third parties. Stick to Toyota Extra Care products if you are going to get an extended service contract for a Toyota.

You should check TundraSolutions.org and SiennaClub.org (it has nothing to do with that Environmental group). They have a lot of info regarding Toyota Extra Care and pricing.

I've checked some of the sources and know I can get a plan from another Toyota dealer at significantly below the price my dealer wants. It is actually a better plan (the same one that covers NEW cars rather than the Certified cars.)

Thanks to all who answered here.

Extended warranties on Toyotas are for either suckers or nervous Nellies. Which are you?

I'm not either one. I almost never buy an extended warranty on anything (other than a laptop PC - found to have ALWAYS paid off on those!). Proof that I'm not a sucker is that I didn't let the dealer coerce me into buying their warranty but even though I'm not a nervous nellie, this car has a whole bunch of computers and sensors which could go bad. Everything from the radio/cd player/trip computer, etc.. I know that the price of the warranty is always greater than the manufacturer's expectations of real value to the consumer. (They don't sell a warranty for $1000 if they expect the average buyer to wind up with over $1000 worth of repairs.)

Anyway, it would be worth it to me to pay a smaller amount for a warranty later. (I've got the factory for 3 years and if the car has problems, buying the extended one for around $800 anytime in the three years, would make sense.)

The extended warranty offered by the Toyota dealer in Honolulu includes a full refund if you never use it. So, the only thing you're out is the interest on the money spent on the extended warranty that you would have otherwise earned had it been sitting in the bank all those years rather than being spent on something else.

I can understand some concern over the reliability of certain new technologies, such as the hybrid system and the continuously variable transmission. Of course, most components of the hybrid system come with an eight year manufacturer's warranty.

Placing that amount in an interest bearing savings account, and paying for any repairs from it that would be covered buy the extended service plan, (it is not a WARRANTY,) would be an even better choice IMO.

If your intent, when asking for advice in a NG is to disagree with the advice given, why ask? One would expect the person asking would either take the advice given or not, as they chose. ;)

mike hunt

My original question was not whether to get the plan or not - it was as to how much people were paying for it.

Thanks for your input though.

- Dave

You're a Toyota owner, tholen?

Even the battery? If so, I'd bet it's pro-rated, eh?

That sounds like a pretty good deal. Do you think this is standard? Other than loss of interest during that time, and downside?

Can you sign up during your warranty period, or do you have to do this when you buy?

eb

Not many dealers will refund the money spent on an extended warranty, so not, it is not standard practice and so that deal does sound pretty good if it is a Toyota Extra Care Service Contract and not one from an aftermarket company. Aftermarket extended service contracts are generally full of loopholes that allow them to avoid paying out, while the factory sponsored contracts will cover what they say they will.

I am generally not a fan of extended service contracts, which are actually insurance policies. Put the money in a separate account and withdraw it if necessary.

I don't know, but the fact that nobody else has mentioned it is one piece of evidence that it is not standard among Toyota dealers.

Can't think of a downside.

When you buy.