Give it to me straight, did I overpay?

paid $2500 for lifetime warranty on my 2013 prius, Walser Toyota

 

If I remember correctly, after speaking to someone who bought that, it was a bumper to bumper warranty up to 7 years or 100k miles.

It is suppose to cover everything...

 

It appears that you bough an extended warranty for a lot of money.

And besides you live in CA right? Cali is a CARB state which gives you 10 years / 150000 HV battery warranty, non carb states are only 100k miles.. So there is some reassurance right there. We also get a 5 yr/ 100000 power train warranty from Toyota.

I did just google the platinum plan and it seems that there is quite a list of what is not covered! In essence it seems that you are paying 2k for 4 extra yrs and 56k miles of warranty coverage but with limitations and exclusions and adding to that the big expensive part to repair (HV batt) is already covered for longer than even your extended warranty....

 

Platinum Warranty: Platinum protection covers virtually all component groups on new vehicles. If your new vehicle's component does not appear on our List of Excluded Components , it is covered by Platinum protection." "List of Excluded Components

• 
  Accessory Drive Belts Batteries Body Panels Brake Linings, Pads and Shoes Bumpers Carpet Chrome Clutch Friction Disk and Pressure Plate Dash Cover and Pad Door Trim, Handles and Fabric Filters Fluids Glass (including Windshield) Headliner Heating Hoses, Lines and Tubes Hinges Hybrid System Main Relays Hybrid Vehicle Battery Hybrid Vehicle Battery Module/Pack Hoses Interior and Exterior Trim Moldings, including but not limited to, Cup Holders, Ashtrays, Covers, and Vents Lamps Light Bulbs Nuts, Bolts, Clips, Retainers and Fasteners Paint Rotors and Drums Rust and Corrosion Damage Seat Covers Service Plug Shiny Metals Spark Plugs Structural Framework and Wells Tires Vacuum Hoses, Lines and Tubes Weather Stripping Wheels and Rims Windshield Wiper Blades (Rubber Component)"

I found the above on the Toyota nation web sight from a couple yrs ago.

 

So you paid over $2000 for a service contract aka extended warranty and they gave you no paperwork on what you paid all that money for and they didn't explain what is or isn't covered??

I got a few things I could sell ya too

 

Oh ok. Gotcha.


Here you go. This info should be in your glovebox in the manuals but here's the pdf on warranties, etc.

http://www.toyota.com/t3Portal/document/omms-s/T-MMS-14Prius/pdf/2014_Toyota_Prius_WMG_lr.pdf

 

I don't think there is that holy grail "best deal" on any car. Yeah, you can always read about someone boasting they got a brand new, fully loaded car for 10 grand under MSRP, additional grand off for buying on a Tuesday, free oil changes until eternity, and gold plated floor mats. But they are more the exception than the rule. Plus I think sometimes we all add a little bullschick to the deal. And let's face it, dealers know all about various web sites that will average out costs of purchase, etc., and they're going to play the game with you. You may have over paid, but in the end you got a great car. Not everyone is skilled at negotiations. I thought of myself as pretty good, but still ended up pay a bit more than others. Chalk it up to a learning experience. You're already a more savvy car buyer as a result of your purchase. And coming here will make you even better when you decide to buy your next car. Or any thing else. Life is short. Enjoy it. Enjoy it with a Prius.

 

It really doesn't matter what he told you is warrantied, the only thing that is covered is that which is in writing. Doesn't sound like you get much for all that money, $2000 is a lot of money to me, and I bought a Toyota because I believe in their reliability, maybe not so much for you.

 

Yes the extended CARB warranty 10yr 150k miles applies, assuming the rental car was originally sold, registered, and primarily driven in California or other CARB state. Let's hope it was, because if not then the deal is not so hot.

 

This guy is a piece a crap salesman, lies lies and more lies. I would cancel the entire transaction if he'll let you.

Don't go strolling down to dealers to make yourself feel worse.......it's really true you can get AT LEAST $5000 off a 2015 Prius 2

 

The instinct that you overpaid is unfortunately I think correct. But....
It's not the worst deal.

I think the best way to maximize value, is to hopefully keep and enjoy the vehicle as long as possible.

When I was younger I made more than my share of bad car purchases.
As you have now learned, the real advantage today is the wealth of available information on the internet.

Assuming the the vehicle is in good shape. You overpaid a little. BUT...if like it? And if it's in good condition? Then you have a nice vehicle

 

not to make you feel bad, but in socal area,
I went with my friend for a BRAND NEW 2015 Prius two

MSRP: $25,3xx
sale price: $21,988 before any factory incentives
addition factory incentives: $1,000 off MSRP with 0% APR for 60 months OR $2,000 off MSRP
my friend took the $2,000 off options with standard 3.5% apr loan (he could get lower one from credit unit or other bank, he was just lazy)

so he paid: $19,988 net plus tax and license = $22,1xx which is almost like your used 2014
but new cars come with full 3 years 36k bumper to bumper warranty, I would gamble on a new car without extended warranty which I know if I treat my car right, it'll not give me trouble instead of buying a used for few thousands less and have to pay extended warranty, btw, 2015 have standard backup camera !!

paid for warranty does almost nothing good other than make youself feeling better and gives dealer the year end bonus
I have friends in past bought warranty from toyota, NOT ONE of them think that it's worth the money, you paid $1500~$2000 and only few of them really used it, one used on his power window which maybe cost $200~$300 if you pay cash, one prius had coolant leaks and later found out it's covered by standard hybrid warranty, not extended warranty and he regraded of stupidly paying $1.5k for that useless thing and said that he would NEVER do that again.

 

Toyota Prius Two - $17,988.00
Document Fee - $80.00
Sales Tax - $1,626.12
Transfer Charge - $29.00
Vehicle Service Agreement - $2,195.00
Official Fees - $201.00

Total: $22,127.13
You got completely ripped on the service agreement and the document fee.

What the heck is an "official fee???" I Presume this is some kinda left coast thing, I would try to get the dealer to go halves on it and see what they say.

There are a lot of people that paid much more for G3's when they first came out, so if you didn't get yoked on a trade-in to get this "deal", then you didn't get completely screwed on this deal, but I wouldn't brag about having showed the dealers who is the best haggler.
Many people paid thousands more than you did for the same car, with a few hundred dollars worth of accessories.

You bought a good car!
Take care of it and pay it off as early as you can and then drive it until the wheels fall off.

Good Luck!