Just Got One! Opinions on Ext. Warranty?

Hi Guys,

I got a new job with a longer commute so I needed a more economical car in the family. I went down to look at Prius's and Corolla's and bought a Prius! This is a bit of a deviation from the norm for me, usually I will car shop for a long time before I pull the trigger, but I've been intrigued by the Prius for a while. Everything seemed to fall right into place so I did it!

I got a 2013 Prius Two. There was a special on this particular blue one. I got it for 21,995 + $360 for the paperwork, etc. I also got zero percent financing through Toyota on the small amount that I financed. Anyway, happy so far. I really enjoy this little car!

My computer said I got 50.6 miles on my first tank, my calculations came out to 49.5, so I'm pretty impressed.

One thing though. I almost never get extended warranties on anything, but I got one with this car. The guy kept lowering and lowering the price and then upped the mileage as well. I ended up paying $1600 for a 125,000 miles extended warranty through Toyota. The fact that it is through Toyota kind of sealed it, but I'm second guessing my self.

I can cancel this warranty anytime. One of the reason's I got the car is because of the proven reliability. Can I get some oppinions? Do I need this warranty or should I get rid of it?

Thanks

 

Thanks guys.

Yes, I rolled it in. Payment went from 156/mo to 183. No big deal. If I cancel I'll keep the 183 payment but will pay it off sooner.

Yeah man, the 0%, the cheaper cost of the warranty and extension out to 125k, plus the fact that the warranty is actually through Toyota kinda made me feel like it might be a good deal.

From what I've seen though, these cars are super reliable with minimal maintenance so I'm already feeling like I want to pull the ext. warranty.