1. Attachments are working again! Check out this thread for more details and to report any other bugs.

Should I get an extended warranty?

Discussion in 'Prime Main Forum (2017-2022)' started by mcbrunnhilde, Dec 22, 2022.

  1. mcbrunnhilde

    mcbrunnhilde Opera singin' Prius nut!

    Joined:
    Jan 1, 2004
    612
    23
    0
    Location:
    San Diego, CA
    Vehicle:
    2004 Prius
    Hi gang, I have a 2020 Prime. I was wondering if there were any known issues with this model year that would make purchasing an extended warranty prudent. I've had no problems with it so far, but I got a warranty for my 2004 due to the MFD issue, and I ended up getting it replaced.

    I purchased it on 12/24/19, so I need to make a decision VERY quickly. Thanks in advance for your help!!

    (BTW my 2004 is still going strong on the original battery at 330,000 miles!)
     
  2. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    110,184
    50,069
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    i wouldn't, they are very reliable
     
    #2 bisco, Dec 22, 2022
    Last edited: Dec 22, 2022
    MTN likes this.
  3. ForestBeekeeper

    ForestBeekeeper Active Member

    Joined:
    Sep 19, 2011
    744
    289
    0
    Location:
    Maine
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Premium
    No.
     
    MTN likes this.
  4. PT Guy

    PT Guy Senior Member

    Joined:
    Nov 23, 2016
    1,085
    711
    0
    Location:
    Washington, the state
    Vehicle:
    2017 Prius Prime
    Model:
    Plug-in Advanced
    Only if you need it to sleep well. If this is the case, shop around. Check on-line for another Toyota dealer that offers the Toyota Vehicle Service Agreement (notice, they don't call these contracts a "warranty," 'because it isn't) at a better price than your local dealer...or find the on-line price and let your local dealer match it.
     
  5. ColoradoBoo

    ColoradoBoo Senior Member

    Joined:
    Jul 19, 2019
    1,046
    684
    4
    Location:
    Monument, Colorado USA
    Vehicle:
    2017 Prius
    Model:
    Two
    Nope...I've only gotten it in one new Toyota, my 2005 Tacoma and just because it was the first year of the new Generation. End results: Paid $1,500 and only used once...the overhead outdoor temp (digital) went out so had it replaced using the extended warranty. Part was $400 and my deductible was $200. So I spent $1,500 in order to save $200!! I never got another Toyota warranty.
     
    BiomedO1 likes this.
  6. BiomedO1

    BiomedO1 Senior Member

    Joined:
    Mar 27, 2021
    1,845
    937
    0
    Location:
    SacTown, Ca
    Vehicle:
    2021 Prius Prime
    Model:
    LE
    No; take the money your going to spend on the extended warranty and put it in your brokerage account. Buy some widows & orphan stock, safe dividend yielding stock. If the car breaks, cash it in to pay for repairs - if it doesn't break; your ahead of the game.
    This is known as self-insurance. Chances are your going to be ahead of the game, if you take care of your stuff.

    Good Luck.

    PS. The MFD issue is well documented and can be repaired for less than $50; if you do the labor. A specialty shop would probably only charge you a few hundred to repair. Of course the dealership will swap out the entire assembly, instead of repairing it - that's why it runs into thousands of dollars.
     
    #6 BiomedO1, Dec 23, 2022
    Last edited: Dec 23, 2022
    MTN likes this.
  7. Pdog808

    Pdog808 Active Member

    Joined:
    Mar 30, 2017
    420
    280
    0
    Location:
    Los Angeles
    Vehicle:
    2018 Prius Prime
    Model:
    Prime Premium
    No.

    I purchased one with my 2017 Prime and ended up cashing it in for a pro-rated refund. I should have gone with my first inclination and declined the extended warranty (i.e. it's a TOYOTA - why should I get an extended warranty when I never purchased one with my previous 3 Toyotas). And my family probably purchased another 6-8 Toyotas with no extended warranties either.
     
  8. mcbrunnhilde

    mcbrunnhilde Opera singin' Prius nut!

    Joined:
    Jan 1, 2004
    612
    23
    0
    Location:
    San Diego, CA
    Vehicle:
    2004 Prius
    Thanks so much for the advice, folks! I know Toyotas are extremely reliable, but I don't lurk here so I wasn't sure if there were any known problems. I saved my (much needed) money, and will happily assume that my Prime will be as reliable as my previous Toyotas! :)
     
    BiomedO1 and bisco like this.