Did You Go For the Extended Warranty?

I didn't get the extended warranty on my 2006 and I opted out of it on the PHV as well. The dealership I used wanted $2400 for it and I know they can be had for much less than that. I figured I'll just wait and see what kind of issues my car has and get it later (and cheaper) if necessary. But my gut says I won't be needing it. *knock on wood*

 

I did - $1450 for 10yrs/120k miles on a 2012 Prius III. I figure I break even on three repairs that are covered. It has paid off with all my cars thus far.

 

I've purchased the extended warranty a couple of times, but never have used it, and in that past, I transferred it to the buyer of my car.

You can look into cheaper warranties, here's one I found through the Prius Chat Forum for $1055: http://priuschat.com/forums/sponsor...-extended-warranty-service-contracts-144.html

 

I haven't gotten it yet but I will be before 36000 miles is up. I bought my 2004 Prius with 60000 miles in Oct 2009 and got a 60000mile/48month non-Toyota warranty that I thought I would never use for about $1200. Well in 3 years of ownership and putting 58000 miles on the car I had the following fail and luckily my dealership was able to get the warranty to take care of me after paying the $100 deductible:

1. Fuel pump failed - required entire gas tank replaced - $1100
2. Coolant Inverter failed - $600 (later replaced again under recall but I never received my refund from Toyota Corporate)
3. Coolant Valve failed - Quote $480 (I deciced not to do this one as the warranty didn't cover this part)
4. Struts - $950

I know that there are many on this board who make the blanket statement that this is the most reliable car ever and never needed anything. I've also heard that it's a waste of money and you should just put the same money into the bank and earn interest. However, there are many of us who did need things fixed and those fixes cost way above and beyond what I anticipated paying. The repairs are costing me more than the ones I had to do on my old 5-Series BMW. My two cents is that I wouldn't want to drive my PIP past its warranty period without an extension. You're potentially walking into a minefield of expensive repairs.

 

The longest warranty I see available from Toyota is 8 years. Is the 10 year/120k mile warranty you purchased administered by a company other than Toyota?

 

As wke555 mentioned, you have until the 3/36 warranty expires to buy, and if I am keeping the car (which I anticipate of course) I will buy.

On my old 2006 Gen II, I too lost a front strut and fuel system parts, all of which was replaced by Toyota to the tune of about $3000. I paid under $1000 for the warranty from TOG who advertises here. I used my original tax credit that year to buy.

 

Correct but in my case If I waited for the factory warranty to run out first the dealership wouldn't give me this low rate. They will run back to back.

 

I guess the big advantage for buying it at the time of purchase is that you get to finance the whole amount. At today's interest rates this is far better than later putting it on a credit card if you are unable to pay the whole amount.


iPad ?

 

Has anyone heard of MPP? My dealer sold me an MPP extended warranty, by implying it was a Toyota factory warranty. When I looked into it deeper, I found out that MPP is not affiliated with Toyota at all. I called MPP and they will refund the full amount (minus $200 taken by the dealer). I'm looking into a quote from Toyota for an 8 year/125,000 mile warranty. The MPP warranty is for 7 years/100,000 miles.

 

The warranty you want is the Toyota Financial Services Platinum Protection. It starts when the new car warranty ends and is available in multiple year/mileage terms and multiple deductibles.

Look up Troy from TOG on here.

 

Just picked up my PIP a few hours ago and went over this in detail. The one benefit you get is that if you get the extended warranty you'll get a loaner car for extended repairs made under the regular warranty.

Main reason - I put on about 15k miles/year - the 36k factory warranty runs out a little too soon at that rate. And as someone else mentioned, the interest rates are pretty low right now.

And I can always cancel.

 

Toyota will comp a rental if the issue results in significant vehicle downtime anyway.

The benefit you mentioned is likely a dealer provided benefit.

 

Your HSD and traction packs are good for at least 8 years anyway ... and it CA, the system is warranted out to 150k miles. You'd have to be nuts to buy the extended, when your new rides have YEARS to go, and 10's of thousands of miles to go. As for the non-SKS stuff, just wait until you're within the last few months, and last few thousands of miles. BUT ... if the money is burning a hole in your pockets, I'd be glad to hang on to it for you.

. . . . . OR . . . you could put that same money away in case you need it for something REAL. Then ... almost 3 years later ... if you haven't had an emergency, go ahead and get the warranty then ... rather than giving away money before you have to.

Consider how reliable the Prius is, and you begin to see how the dealers can make a lot of dough on extended warranties. That said, we got one for our '04 (ONLY after the car was almost 3yrs old) and it paid for itself 3x over. Broken wheel stud ... MFD ... dead power window switch ... and I forget what else. But the Gen II was all new in '04 ... so it was way way more prone to potentially have 'issues' with non-hybrid goodies.

Lastly - if/when the time DOES come to extend the warranty . .. DON'T FORGET the GREAT DEALS right here on P.C. ! ! . . . . . because it oughta be a crime, to pay full price.
http://priuschat.com/forums/knowled...d-toyota-prius-extended-warranty-service.html

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I normally do not buy an extended warranty, but on a car as complex as a Prius, I opted to purchase the extended warranty from the dealer (the Toyota Platinum Protection 7 year, 100,000 mile) and I got it for $1500.00. You can get it from from a Toyota salesman who works with the PriusChat Group for under $1100.00, which I would have went for if I had not bought mine already. I also feel that you might get a little better cooperation if you buy the warranty from your dealer when you purchase your new Prius. Good luck!

 

It's not too late . . . many local reg's require dealers to provide a 'cooling off' period. Many end up feeling pressured into the early buys, and therefore, are required to give the money back once folks realize they were talked into something they don't need (yet - if ever). It's worth finding out!

 

We're talking Toyota dealers, not BMW or Acura. At least in my area Toyota dealers do not normally provide free loaners, and the toyota warranty doesn't mention it as a benefit. I'd guess if something major happened requiring more than a day to repair they cough one up. Regardless, the cost of a rental isn't enough to justify the cost of the extended warranty - I was just answering the question of whether there was any benefit to having both regular and extended in force concurrently.

 

Yes, an overnight stay is typically the cut off for a rental comp. Typically, parts are no longer stocked at a dealers service department. The'll get shipped in from a main warehouse ... or god forbid, come from over-seas. Take the display for example. Early on, many of them failed due to soldering issues. Dealers wouldn't give a rental out for free, because the service department can change 'em out in less than 30 minutes - but it may take a week or 2 for them to get one in ... especially in the case of multiple failures of any one item. But if the job is a biggie involving multiple hours of work, and the likely hood of an over nighter comes into play ... you go home in some guzzler rental that epa's at maybe 24mpg.