Tacoma owners reporting transmission failures

[EOD Guy]

My dealer wanted $4995 for that….

That was what the Toy Finanancial Services wanted, Thier aftermarket version was $3500 but gave me a discount due to my superior charm (either that or I didn't argue at MSRP).

 

[Don]

Would that qualify as a lemon law situation?

With all these fun Toyota stories lately did anyone spring for the extended warranty at or post purchase? Never bought a new car warranty in my life but I'm thinking of extending that coverage through fidelity.

We buy Toyota presumably because of quality and longevity.

Extended warranties always have a significant negative expected value. It's like buying equities that you know will, on average, have a negative return.

 

[TakaraLC]

We buy Toyota presumably because of quality and longevity.

Extended warranties always have a significant negative expected value. It's like buying equities that you know will, on average, have a negative return.

Yeah, if extended warranties saved money, no manufacturer would offer them. It basically is like a casino, house has higher odds of winning and will profit in the long run. Most people who get an extended warranty lose money but lucky (or unlucky ) few may end up saving money.

 

[PdxOg]

They don’t say what transmission.

The non hybrid has a different 8 speed than the hybrid. The trans on the hybrid is a all new 8 speed model.

 

[EOD Guy]

I can't understand ......... Most people have health insurance, most have life insurance and it's mandatory you have vehicle insurance...... mainly due to the catastrophic cost IF something were to happen. It's wonderful some folks don't like extended warranties........ some of us do so, why bash the process.

 

[ultane]

We buy Toyota presumably because of quality and longevity.

Extended warranties always have a significant negative expected value. It's like buying equities that you know will, on average, have a negative return.

I bought the 5 yr 75,000 mile extended warranty for my 2015 Transit 350. Just before it expired, the entire differential had to be completely rebuilt. Price? ~$1700. I paid $1,200 for the extended warranty. So it worked out okay in the end for me on the Transit.

 

[Don]

I can't understand ......... Most people have health insurance, most have life insurance and it's mandatory you have vehicle insurance...... mainly due to the catastrophic cost IF something were to happen. It's wonderful some folks don't like extended warranties........ some of us do so, why bash the process.

I'm sure you can figure out the difference between the types of insurance you listed.

 

[Don]

I bought the 5 yr 75,000 mile extended warranty for my 2015 Transit 350. Just be fore it expired, the entire differential had to be completely rebuilt. Price? ~$1700. I paid $1,200 for the extended warranty. So it worked out okay in the end for me on the Transit.

That $1200 invested in an equity index fund would have easily yielded more than $1700 in most five year periods. You lost money.

 

[LCNorth]

An extended warranty is an insurance policy. All insurance policies provide the same core value: peace of mind.

You’re not buying it for financial benefit. Unless it’s a life insurance policy and you expect to die during the term. In that case you are tax planning, which is a financial reason. Can you tell I worked for an insurance company? Lol.

 

[EOD Guy]

I'm sure you can figure out the difference between the types of insurance you listed.

Yes Don I can, but you don't seem to get the point. Please by all means do what you want with your money, as I will do what I please with mine.

 

[Don]

An extended warranty is an insurance policy. All insurance policies provide the same core value: peace of mind.

You’re not buying it for financial benefit. Unless it’s a life insurance policy and you expect to die during the term. In that case you are tax planning, which is a financial reason. Can you tell I worked for an insurance company? Lol.

I honestly can't tell if you are serious about "peace of mind" when it comes to extended warranties.

 

[Uncle_Spike]

Where did you get it for that price?

Same warranty here, got it for "employee pricing" they said $1,300 couldn't really pass that up.

 

[turbo8]

Fyi standard Toyota hybrid warranty:

Hybrid Warranty​

Starting with the 2020 model year, every Toyota hybrid battery warranty is being increased from 8 years or 100,000 miles, to 10 years from date of first use, or 150,000 miles whichever comes first. * This enhancement serves as an indication of our confidence in the quality, dependability, and reliability of our products. * On top of our basic coverage, we offer:

Hybrid-Related Component Coverage
Hybrid-related components, including the HV battery, battery control module, hybrid control module and inverter with converter, are covered for 8 years/100,000 miles. The HV battery may have longer coverage under emissions warranty.* Refer to applicable Owner’s Warranty & Maintenance Guide for details. *

Powertrain Coverage
60 months/60,000 miles (engine, transmission/transaxle, front-wheel-drive system, rear-wheel drive, seatbelts and airbags). *

Rust-Through Coverage
60 months/unlimited miles (corrosion perforation of sheet metal). *

Emissions Coverage
Coverages vary under Federal and California regulations. Refer to applicable Warranty & Maintenance Guide for details. * *

For Toyota hybrid vehicles beginning with model year 2020, the hybrid (HV) battery is covered for 10 years from original date of first use or 150,000 miles, whichever comes first. * Coverage is subject to the terms and conditions of your New Vehicle Limited Warranty. See Owner's Warranty and Maintenance Guide for details. *

 

[EOD Guy]

Same warranty here, got it for "employee pricing" they said $1,300 couldn't really pass that up.

Dang and I thought I got a killer deal..... LOL

 

[ultane]

Powertrain Coverage
60 months/60,000 miles (engine, transmission/transaxle, front-wheel-drive system, rear-wheel drive, seatbelts and airbags). *

The guy trying to sell me the $4995 extended warranty told me the transfer case was not included in that. Seemed odd, since it is needed for the front wheel drive system to work..

 

[hrudu]

Nissan Xterra had the same problem sometime ago.
Here is the link:

SMOD Hit List - Year, Mileage, User and Outcome

www.thenewx.org

 

[TakaraLC]

Nissan Xterra had the same problem sometime ago.
Here is the link:

SMOD Hit List - Year, Mileage, User and Outcome

www.thenewx.org

Yeah that is because it is a Nissan.

 

[Nuke]

They don’t say what transmission.

The non hybrid has a different 8 speed than the hybrid. The trans on the hybrid is a all new 8 speed model.

This is interesting, as I was under the impression, short of the DC motor and associated clutches forward of the transmission, they were the same 8-speed internally...

 

[EOD Guy]

This is interesting, as I was under the impression, short of the DC motor and associated clutches forward of the transmission, they were the same 8-speed internally...

I had the same understanding.

 

[LCNorth]

I honestly can't tell if you are serious about "peace of mind" when it comes to extended warranties.

Um, yep. That’s how most insurance (that isn’t required by law) is sold.