Extended Warranty

FWIW, i've always made out on extended warrenties. got a 3 year extended on my last car for something like $500, and ended up charging over $2500 to the warrenty - not too bad!

I also already purchased the extended warrenty for the Prius.

 

Howdy GreenNNC

I plan to buy the Extended Warranty just before the 3y/36K expires (be a long time). Hopefully, the $950 price available here in PriusChat is still around then compared to the substantially higher prices the Dealers try to charge - some I've heard up to ~$1,800. Since I bought my 2004 slightly used (4,000 miles) I can't purchase a FULL Extended Warranty so my decision to upgrade to a new 2007 was partially prompted by my ability to purchase the Extended Warranty.

Due to the complexity of the Prius and very expensive replacement costs on some items, I believe the Extended Warranty is a good idea if you plan to drive your Prius well past the 36K miles bumper-to-bumper warranty has expired.

 

<div class='quotetop'>QUOTE(GreenNNC @ Oct 25 2006, 05:09 AM) [snapback]337880[/snapback]</div>

I just past 34,000 miles on mine, and plan on getting the extended warranty as soon as I pay down some of my credit card debt.

Dave M.

 

GreenNNC -

One reason to consider, if you are thinking about extended warranty - - Towing coverage is included!

Also - - if you don't opt & are faced with a big repair bill later, I don't want to be around!

Good luck,

 

Just read the post about the guy that needs just a 12v. battery. I love my Prius but if the unexpected happens I like knowing I won't have to pay for repairs for 100k mi. Give troy a call!

 

Normally, I'm with Homer on extended warranties (he only liked them after shoving a crayon in his brain through his nose). However, I purchased the Prius extended warranty and I sleep better at night.

Don't get me wrong--I love my baby, BUT...It's new technologyand my MFD is failing under high temps and the brakes make a funny barking noise on occasion. The dealer can't find the issues now and they rarely occur, so it's not the end of the world. With the 7 year 100K warranty, I know if these issues get worse in a year or two, I'm covered. And the towing package included is really nice because it pays for towing to an authorized Toyota Prius repair station, not just Joe's Gas and Go.

Stealthgirl

 

I believe the greatest probable value in the extended waranty is for its coverage of higher end accessories. A single major failure of the air conditioner, cd changer, nav system, smart key sys, electric windows, or MFD will easily justify the waranty cost. These are probably more likely than a major engine or power train failure.

I bought the extended waranty for these reasons.

 

My dealer wanted to charge me $2,300 for a 6yr/75,000 miles/$50 deductible warranty. Troy sold me one for just under $1,000 that was 7yr/100,000 miles/$0 deductible. Get it while you can. Troy may not be around forever.

 

I don't normally purchase the extended warranty, but the Prius is relatively new technology. I did in this case.

Also, the idea behind purchasing this/a new car was to reduce my having to worry about it. One definition of "worry about it" (in my case) means making sure to budget money -- in advance -- for the day when something major breaks.

The extended warranty relieves me (more or less) of this need, at least for rather a while; it was a no-brainer for me.

 

Extended warranties are great for peace of mind, but.... has anyone actually had to take advantage of the extended warranty? If so, how much would your repairs have cost without the warranty?
Thanks
Steve

 

<div class='quotetop'>QUOTE(Alnilam @ Oct 28 2006, 10:19 PM) [snapback]340209[/snapback]</div>

Yeah, so did mine....and I thought I got a good deal negotiating it down to $2000. Then I found out about Troy. As soon as my refund comes in, Troy will be getting a call.

 

The odds are you will pay more for the warranty than for the repairs it covers, right? Otherwise how do they make any money? But I bought a 6-year with mine for all the reasons previously posted plus this: I might want to sell the car when it is 5 years old, at which point I figure a car with a year left on its warranty will have a much better resale value than one without. So i might get the first 2 years of extended warranty (and associated sleep improvements) for free.

-06, black, with a yellow peaceribbon (http://www.peaceribbon.org) on each flank.

 

I choose to act as my own extended warranty company. I have never bought an extended warranty and never will, if I think I need one for a car I'll sell the car (or not buy it to start with) and purchase a car that is more dependable. I admit there is a bit of risk involved but the odds seem to be in my favor if I make good purchasing decisions. After doing this for years I believe I have saved enough to fix anything that breaks.

 

<div class='quotetop'>QUOTE(Bryanmsi @ Nov 1 2006, 05:51 PM) [snapback]342298[/snapback]</div>

I got my warranty through Troy yesterday. He'd already received my paperwork. I commented that I'd get to the 100k miles point before 7 years were up (I've got over 34k miles in about 14 1/2 months now). He said I could get the 100k/6 year warranty instead and only charged $865, rather than the $990. The potential problem without the warranty is the expensive electronic items that are unlikely to fail, but would cost several thousand dollars to replace.

Dave M.

 

I should be up against the 36,000 mile limit not long after my first year of 2006 ownership. I plan to get the extended warranty to 100,000 miles, which should last me for another couple of years past that. Then I'm hoping that the new series of Prius will be out by early 2009, so that I can buy a new one. The main reason that I am planning to buy the extended warranty, is to aid in the resale value of the 2006. But it is also true, that I really don't want to deal with any expensive car problems.

 

<div class='quotetop'>QUOTE(soccerdad @ Nov 1 2006, 09:13 PM) [snapback]342313[/snapback]</div>

I tend to agree. Of course, keep in mind that manufacturers generally pay dealers lower rates for repairs than consumers do. It's possible that repairs that Toyota would pay a dealer $800 for repairs for which the dealer would charge you over $1000. Of course the dealer might decline do repairs under a warranty, saying that they are not covered or are a design issue, even if they would have gladly made the repairs if you were paying instead of Toyota. (Is that last part a disadvantage or an advantage. ) It all reminds me of health insurance. Of course problems that aren't so important that the driver needs to have them repaired when he/she is paying become more serious and in need of repair when someone else will pay.

If dealers really suffered financially by doing repairs for Toyota, they probably wouldn't push the Toyota warranties. Of course the dealer where you bought and service your Prius is unlikely to sell the extended warrany for as low a price as remote dealers. Depending on the price at which a dealer sells an extended warranty, the profit on the sales side might make up for any lost profit on the service side. I wonder, when Troy's dealership sells a new Prius, what price do they ask for the extended warranty from their own local Prius buyers. Of course that may just be good old fashioned market segmentation / price discrimination.

 

Is the 100000 mile warrentee offered in 6 or 5 year terms for less $? Thanks

 

<div class='quotetop'>QUOTE(kaptaink @ Nov 8 2006, 04:42 PM) [snapback]345810[/snapback]</div>

I think 6 years was $875.

 

<div class='quotetop'>QUOTE(kaptaink @ Nov 8 2006, 04:42 PM) [snapback]345810[/snapback]</div>

Yes. Here are the suggested retail prices of Toyota's various plans:
http://www.toyotafinancial.com/pyv/extende...cing_prius.html