Extended Warranty

[JSFoster75]

Anyone thinking about getting an extended warranty? If so...how much did or are you willing to pay?

I have been looking on-line and it seems there are offers for 10yr 100,00 mile (close to with.. $100.00 deductible ) bumber to bumber warranty at around $2500.00. Now I have never gotten one on a Toyota... Yet... have on several other cars that actually paid for themself and way... more! Given the newness of every freaking component on this LC. I'm thinking it may be worth it? Now... I keep my cars 10yr or more... so that plays a factor for me....

My goal is to tract the cost of different dealers that are charging for an extended warranty from Toyota. Info to be use/shared to bargin for a reduction in cost... if overcharged! we can provide to those dealers using this site....

Trying to save money!!!

While at my Toyota Dealer, in the finance office, I told the guy I was going to get an aftermarket warranty through CarShield... He asked me what the cost was, I told him that the best I could recall it was $1,300 or so for a 100,000 mile warranty... He immediately discounted their $2,900 - $0 Deductible, 10yr., 100,000 mile warranty to $1,000.00 even. Obviously I took that deal...

 

[JSFoster75]

Johnson City Toyota of Tennessee

JC Toyota has a great service department, but I don't care for the sales side of things... We looked their first, then bought from Bristol Toyota.

 

[JSFoster75]

I bought the 10 year extended warranty for the Jeep in my profile pic. It was ~2500 dollar 9 years ago. I had since then in year 8 and 9 everything fail that this model is known for. Air condition compressor, radiator, oil filter housing cracked, transfer case, brake caliber, all 4 wheel bearings (yes, they were covered), power lift gate. Only the transmission hasn't died yet. I think I'm about 10 000 bucks ahead, maybe more as they didn't list labor costs on the warranty statements, only parts.
As you can imagine I'm a fan of extended warranties, especially with new drivetrains and hybrids where a battery failure in 8 years is likely.
From what I see a 10 year warranty may end up around 3-5000 bucks. Has anybody paid for an extended toyota platinum warranty for 10 years and can share the price? I assume there will be ridiculous markups on the warranty and it would be good to have a reference for negotiations.

If, by Platinum, you mean bumper-to-bumper with $0 deductible, then I paid $1,000 for one a week ago at Bristol, TN Toyota (MSRP was $2,900)

 

[neilwill]

JC Toyota has a great service department, but I don't care for the sales side of things... We looked their first, then bought from Bristol Toyota.

It was smooth sailing for my sales experience there. MSRP with no dealer add ons and no pressure. Had an issue with my down payment cashiers check and they allowed me to drive off the lot and send them a corrected check when I got back to Atlanta.

 

[JSFoster75]

It was smooth sailing for my sales experience there. MSRP with no dealer add ons and no pressure. Had an issue with my down payment cashiers check and they allowed me to drive off the lot and send them a corrected check when I got back to Atlanta.

That's good, they are known for adding a minimum of $5,000 AMV to hot vehicles... They had a Tacoma TRD Pro the other day with a $7,500 AMV on it... Crazy... I've bought 2 or 3 used vehicles from them over the years (I work in Johnson City and live near Bristol). But I prefer to work with Bristol Toyota, smaller, much more personable.

 

[AndrewTK]

Our dealer offered the 10 year/100k warranty at something close to $6,500, we happily passed on purchasing it from them. We wound up getting the same warranty from Jerry and Midwest Toyota for ~2,200, decided it was worth it at that price for the peace of mind.

 

[Stalactically Gupid]

There was a Jeep Dealer in the Midwest (I am East Cost) that sold CDJR Extended Warranties for just above cost ~ $1,600 back about 10 years ago. Many on the Jeep Forums went to him. I wonder if this Bristol dealer would do the same and sell to any LC owners?

 

[AndrewTK]

There was a Jeep Dealer in the Midwest (I am East Cost) that sold CDJR Extended Warranties for just above cost ~ $1,600 back about 10 years ago. Many on the Jeep Forums went to him. I wonder if this Bristol dealer would do the same and sell to any LC owners?

Probably worth a try but I suspect that they were only willing to go that far down on price because they were also getting the vehicle sale. I reached out to several other dealers that I found on the forums and Jerry at Midwest Toyota had the best price but the others were in the ballpark.

 

[jmo]

Any leads on good pricing for the Toyota VSA Platinum warranty in the San Francisco bay area? thanks

 

[uraniumrich]

My dealer provided a 10yr/100k powertrain warranty for free and I didn’t feel the need to expand this. The tech warranty was tempting and they really tried to talk me into this, but I figure if I have a lemon then I should know within the first 3 years/36k miles.

I think you can still add the Toyota extended warranty as long as it's still in the 3 yr/36K window. Everything I've read about the lifetime powertrain warranties tells me that they are rarely helpful when you have an issue. If you do get an extended warranty, keep records and receipts for all your maintenance to ensure the vendor will honor the warranty. I did 8 yrs/135K for $2325 through Toyota (Platinum $0 deductible). I do all of my own maintenance and can do some real wrenching. But, for about $1/day I get cost certainty for repairs during that time period. I know that the odds favor Toyota on this (an actuary somewhere figured out how Toyota could make $ on this deal), but I also know that the LC is a very new platform with a lot of new technology.

 

[uraniumrich]

A dealer in Claremont, CA, is trying to sell me an extended warranty for 5k. (8 years, 100,000 miles). I'm so jealous that people from other states get such good deals on extended warranties.

You can buy from any dealer. Check out the Toyota Extended Warranty Thread. I bought mine from a dealer in the Northeast, but live in the Midwest. My dealer couldn't match the price and still make $. Paid $2375 for Toyota Platinum $0 deductible 8 years/125k and you can, too!

 

[Esquire]

The warranty can be purchased at any time prior to the 3/36 expiration. It's always a tough choice whether to do it or not.

Like Uraniumrich wrote, an actuary (group of actuaries) did the research and determined what price would make them money. However, just like group life insurance and captive insurance, the entire policy risk is spread among large groups of people/companies in order to group risk instead of individual risk policies.
You, as an individual, may use the insurance consistently and get your money's worth time and time again. Or you could go years and years without a claim and, then in hindsight, you paid too much to have coverage and theoretically didn't need it.

I know this helps completely with your decision. Ha

 

[bfan3364]

You can buy it for a Toyota from Troy Dietrich at Toyota of Greenfield. Warranty works in continental U.S. 10 years/125k miles for new land cruiser from Troy, on a platinum, zero deductible plan.

Do you mind letting us know what price you paid through Troy? Very interested in contacting him if he can provide a better deal compared to the dealership.

 

[uraniumrich]

Do you mind letting us know what price you paid through Troy? Very interested in contacting him if he can provide a better deal compared to the dealership.

I just received my paperwork from Troy today. 8 yrs/125K for $2375. If you contact him, then he will send you a complete list of years/mileage/cost options. Working with Troy was easy. Paid by CC with no extra fees, so I'll get cash back, too This was as simple as it gets.

 

[JSFoster75]

I just received my paperwork from Troy today. 8 yrs/125K for $2375. If you contact him, then he will send you a complete list of years/mileage/cost options. Working with Troy was easy. Paid by CC with no extra fees, so I'll get cash back, too This was as simple as it gets.

Our dealer sold us a Bumper-to-Bumper 100k with $0 deductible for $1,000... Afterwards he admitted he sold it too cheap, but he did manage to sneak in 2 other contracts which we caught and got cancelled... Just waiting on the refund on those...