Due to my lengthy daily commute to work I've put 30,000 miles on my Prius Persona in just a year. I only have a few miles left to purchase the extended warranty, my dealer will sell me a 7 year 135,000 mile warranty for $1500 from Toyota. Is it worth it? I'm concerned that I'll have no warranty shortly, I haven't had problems with the car yet but I'm thinking repairs on a hybrid can be costly... Anyone here purchase a warranty and glad they did? (Or didn't?) -Keith
At your current usage, that's a 4 year warranty. I would probably buy it as a simple shock and strut replacement would cost 1500 at the dealer. You can probably have that replaced before the warranty runs out SM-N900P ?
I had a 2004 for 6 years until it was called a total loss with 82500 miles on it; I had an extended warranty just like the one you are shopping for. With the exception of maintenance parts, oil, a complete set of tires and only front break pads plus 2 factory recalls, never used the frigging warranty that cost me about $900.00. Some times it's a gamble not a risk what we are taking.
I'm on pace for about 26k on the first year, and I've kicked the idea around but one of the reasons I bought a Prius was because they are generally very reliable. I may be wrong but in my opinion, time is a bigger threat to reliability than mileage.
It comes down if you are still making payments. If you do, then get the warranty, if not, then I would probably not.
Keith, the car has several warranties so you aren't out of warranty at 36000 miles. What do you expect to fail that will be covered under the extended warranty? What does that repair cost? Statistically, if the extended warranty is a good deal for the buyer then the seller wouldn't sell it. Save or invest the money you are going to use to buy the extended warranty.
You're right, some of electronic repairs can be costly from a Toyota dealer. Pushing 30K/Year, I'd buy the warranty, and sleep well at night. Note: some cabbies have over 300K miles on their rigs, and have had no major problems. Just sayin...
Why not save that $1500 on future repairs, seriously as long you do your maintenance it should not need extended warranty
On my previous cars that I purchased them, and always used them... My last car I needed a new engine, so that's why I'm scared about this car. I'm not afraid of anything specific failing, but I am afraid of the unknown.. I have no idea what could fail on a Hybrid and what the repair costs are. I read an old post on here where someone bought a Toyota 125K 6 year warranty for I think $900? Anyone know if that's still possible? I think it was a forum member who works for a NJ dealership.
2011 Prius II with 33K on it. $2750 to cover the car : 60 / 60,000 Toyota Platinum Expires: 11/14/2016 60,000 Deductible:$ 0 What would you do? Thanks!
I would pass. At that low of mileage, there can't be anything significant that can go wrong with the car. Your odds of spending $2750 in repairs until you reach 60,000 miles is like you winning the Lottery.
My wife bought the extended warranty back in 2005 with her Toyota Matrix-fortunately never had to use it and she traded her car with just over 100k on it for a dealer's demo 2010 Matrix that included the 7yr/100k no deductible she had with the first car. In both cases she managed to sweet talk the sales manager to drop the warranty price to $250 so she considers it cheap insurance since we tend to run our cars to at least 100k and things after 36k can get expensive to fix.
I would look into geico's extended warranty. I've read that it is a good service with no questions asked when it comes to repairs. I'm also at 24k on my persona and have been debating the warranty for some time now.
