Extended Service Contract-Platinum

Hey Vinit,
As far as I am aware, there aren't any warranties that cover wear and tear items. Those are things such as the belts, hoses, brakes, etc. A bumper to bumper warranty covers things such as your radio going out, your ignition getting stuck, cars computer getting fried, door handles breaking off... and sooo much more!
I do not know of anyone that works at a car dealership that does not put an extended plan on their vehicle. The reason is because, like insurance... it's their when you need it most. It can pay for itself in 1 shot but hopefully you don't ever need to use it.
Hope this helps!

 

You wanna save money? Don't buy an extended warranty. Bank the purchase price.

I know, I know, you want someone to convince you which one is the best buy. The answer is, none of them. You would almost certainly never get back as much as half what you pay for it; most likely you'd get nothing at all.

 

Yep, just like your auto insurance hope you don't need it.
My platinum warranty paid for 4K in repairs. Your experience may differ.

 

I thought you could only get the manufacturers (Toyota) Platinum/Gold/Silver extended warranties while the car was still under the original 3/36 factory warranty (?) Are you sure you know what you got?

If you got the usual Platinum extended warranty ("Vehicle Service Agreement"), you should have got a list of "excluded" items. Anything NOT on the excluded list is covered.

 

I purchased the Platinum extended warranty for my first (2001) Prius and found the extra investment more than paid for itself. Since the Prius was new to the US in August 2000 I felt an extended warranty might be a good safety precaution. And, for better or worse, over ten years several significant replacement parts were needed. On every occasion when a repair was needed I found Toyota consistently came thru and honored the warranty agreement. But after the warranty expired at 100K miles then the parts replacement costs became prohibitive. It was as though any fuel cost savings achieved during the first 100K miles were being lost. It was more a question of did I want to keep rebuilding the car component by component or simply get the newest version.

Given enough resources almost any car can be maintained, customized and rebuilt indefinitely as the owner chooses. While I'd never owned an around town car for over ten years, the 2001 Prius was my first Japanese car, I simply enjoyed driving it. Yet when the traction battery began failing at 166,000 miles I felt comfortable purchasing a new 2011 Prius III. Thankfully I've had mostly positive experiences the past 10.5 years with my local Toyota dealership and Toyota "the company" whenever repairs were required.

I decided to invest again in Toyota's Platinum extended warranty. While I hope not to have to use it the warranty's transferable, at a diminishing value as the car ages, to future owners.

 

well some of the Michigan auto repair would take up some of the warranty for the repair.. I guest it would not cost you that much.