Extended Warranty for 2017 Prime (2yr - 24k miles for $1700)

NO.

Extended warranties are really nothing but insurance policies with specific exclusionary clauses.

Cash has no exclusionary clauses.

Extended warranty claims have to be approved by the insurance company. Your car might be in the shop and the repair may be delayed for days waiting for the approval.

For example, the warranty may pay for replacing suspension components but not the necessary wheel alignment.

All those commercials cost a lot of money. You, the buyer and previous buyers pay for them on top of what they pay in claims.

If you don't use your savings for repairs, you keep all of your self insured "premiums" with any accrued interest.

 

The one that would interest me allows to take it anytime with a cool off period of one month. Being able to live with just one working vehicle for a month, I would check if the insurance covers the repair I need and if it's cheaper than the cost of the repair itself (including the deductible) and if so, subscribe to the "warranty" and wait that month to have the repair done.

 

Electronics are very reliable and will generally die at an early age. If the screen has lasted as li as it has, another two years or more will probably not be an issue.

I would be more concerned with the exhaust engine pre heater leaking. That's the "achilles heel" with any model of the Gen 4. But still the preheater and catalytic converter will be around the $2k price tag.

Still,with either the screen or preheater, that's only a $300 dollar gamble.

To me, it's a no brainer.

 

"The plan is honored at any ASE certified shops and dealers."
What does this actually mean? I do not think it means that shops & dealers are required to accept the paperwork bother and rate of payment from this service contract company.

I agree with Georgina, and add one more thing. Not one of these outfits off a warranty. Every one of these is a prepaid repair contract. The big difference is that the consumer has more protection under warranty law than under contract law. Any sales person who calls these a warranty is a liar. Read the paperwork. It will be named a service agreement or something like that. Under contract law you are strictly required to follow whatever requirements it puts on you in order to be able to hold the other party to the terms of the contract.

All that said, I just bought a "vehicle protection plan" for our other car, not a Toyota, because some are having total engine damage due to either a manufacturing error or a design error, and the car maker is not standing behind their mistake. I won't buy that brand again.

 

I'll second that.

My wife still has her 2017 Prius Prime and I sold my 2017 to my niece. Both are still doing fine, not a single concern after nearly 7 years.

My 2012 Prius PHV is still going strong too. I sold it to a good friend prior to getting my Prime. All these years later, it's still doing fine too.

 

The biggest complaints I hear about (and mine hasn't experienced it, yet, and hopefully never) is the exhaust heat exchanger that may let coolant flow through the exhaust, which can end with a damaged engine if left unnoticed. The repair itself is about $1200-1500 USD if not covered by the emission warranty. You can have a bypass installed for way cheaper but it will affect the emission control of the vehicle since the engine will take longer to warm up.