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What is the reasonable price of extended warranty for our recently acquired 2012 Prius v three?

Discussion in 'Prius v Care, Maintenance and Troubleshooting' started by modelingliao, Jan 13, 2014.

  1. modelingliao

    modelingliao New Member

    Joined:
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    Vehicle:
    2012 Prius v wagon
    Model:
    Three
    We recently purchased a 2012 Prius v three from a local dealer. The car, listed as certified pre-owned, has 8000 miles on it and still has about 2 years and 6 Months remaining in the original basic warranty. The dealer offered a price near $1950 for an extended warranty (Platinum plan with zero deductible) which would extend the coverage up to 7 more years. Is the aforementioned price reasonable? Any other third party could offer a better price? In addition, we also consider adding heated front seats and would like to know what would be the reasonable price of such upgrade in "dealer-quality" (and where to get it from a third party) ? Please advice. Yours assistance will be very much appreciated. Thanks.
     
    #1 modelingliao, Jan 13, 2014
  2. rjparker

    rjparker Tu Humilde Sirviente

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    Vehicle:
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    Model:
    Three
    No $1950 is not good. Probably less than $1200 from another Toyota dealer. One big IF; if the current mileage is under 36k. Toyota will sell the Platinum extended warranty only while the standard factory warranty is still in effect.

    Understand the 7 year "extended" is actually 7 years from new. Most people will exceed the extended warranty mileage (typically 125k miles) before 2019 anyway.

    Here is a link to another post on the subject that includes contacts:
    platinum extended warranty prices--do they vary from dealers | PriusChat
     
    #2 rjparker, Jan 13, 2014
  3. modelingliao

    modelingliao New Member

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    Vehicle:
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    Model:
    Three
    Thanks for your prompt reply to my question. It helps.

    My other question regarding the price of installing leather seats and heated front seats, is $1500 reasonable?
     
    #3 modelingliao, Jan 13, 2014
  4. xpcman

    xpcman Senior Member

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    I don't know if any Priuschat member has ever come out ahead after buying the extended warranty. Just keep the money in the bank.
     
    #4 xpcman, Jan 13, 2014
  5. mikefocke

    mikefocke Prius v Three 2012, Avalon 2011

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    Have you read the exclusions in the policy? Consumer Reports says these type of warranties pay out 30% in repairs keeping 70% for admin, sales bonuses, and profit.

    I had the same Softex upholstery kit that the distributor would have installed (came with distributor part number) put into my v 3 and I think I could have gotten the heated seats put in as a distributor kit but didn't want them. Sorry, I don't have a separate price as it was bundled into the deal.
     
    #5 mikefocke, Jan 13, 2014
  6. Tom6850

    Tom6850 Retired

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    I had the 7 year, 100,000 no deductible policy, after 96,000 miles they had to replace the gas tank and all associated gas lines plus the water pump, no charge. I paid $960 for my policy in 2007, it saved me money.
     
    #6 Tom6850, Feb 7, 2014
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