Toyota Extra Care Extended Warranty

[roxy1]

it is still a money maker for them at $800. they are betting you would not have had to spend more than $800 in repairs between your factory warranty expiration and 7 yrs/100k miles. you, the customer, are afraid that you will.

who do you think is winning that bet most of the time? it is not you, the customer.

ive never bought extended warranties on a toyota or honda and ive never spent any significant money to make it to 100k miles. this is why you bought a toyota, right?

if you've got $800 to spend, pay it toward your car and save interest on the loan. if you dont owe on your car, an extended warranty makes even less sense anyway.

[voodoo22]

Originally Posted by roxy1

it is still a money maker for them at $800. they are betting you would not have had to spend more than $800 in repairs between your factory warranty expiration and 7 yrs/100k miles. you, the customer, are afraid that you will.

who do you think is winning that bet most of the time? it is not you, the customer.

ive never bought extended warranties on a toyota or honda and ive never spent any significant money to make it to 100k miles. this is why you bought a toyota, right?

if you've got $800 to spend, pay it toward your car and save interest on the loan. if you dont owe on your car, an extended warranty makes even less sense anyway.

+1

Like any service offered a profit must be made. The odds are substantially in their favor or they wouldn't be able to keep offering this. The only way you can justify this service on average, is if you need the peace of mind of having an ecp.

[auxmike]

I paid $650 for the Platinum warr. 7/75k Powertrain, no deductible.
Seemed like a good idea, you never know....

[MPC Motorsports]

I purchased the Platinum 7/100/$0 deductible from Troy at Toyota of Greenfield this afternoon. I'll probably never need it, but I now have piece of mind knowing anything major is covered. I hope to own and drive my Yaris for a minimum of 7 years and over 100k miles. And like Troy has said in earlier posts, even an ABS controller would cost over $2,000 to replace out of warranty.

My sister has a 2003 Nissan Altima 2.5 SL. Just before her six year extended warranty expired, the transmission went. It would have set her back nearly $4,000 had she not had the extended service plan.

Troy was great to deal with and paying for it with a new Toyota Rewards VISA interest free over six months means I do not have to shell out $745 at one time. Finally, if I never use the Toyota Rewards VISA ever again, I'll have enough points from the warranty to pay for a couple of oil changes at my dealer.

[MPC Motorsports]

To the top!!!

This is the REAL DEAL!!!

Since last week, I have received the paperwork from Troy and his staff at Toyota of Greenfield for my 7/100k/$0 extended warranty and my Toyota Rewards VISA card that was used to purchase said plan. $745 for a $1,300 plan and I can pay it out over six months with 0% interest.

[roxy1]

Originally Posted by MPC Motorsports

To the top!!!

This is the REAL DEAL!!!

Since last week, I have received the paperwork from Troy and his staff at Toyota of Greenfield for my 7/100k/$0 extended warranty and my Toyota Rewards VISA card that was used to purchase said plan. $745 for a $1,300 plan and I can pay it out over six months with 0% interest.

$1300 is a ripoff. $745 is less of a ripoff. you are not really paying for a 7 yr/100 k warranty anyway, since there is a already an exisitng warranty on the car when new. probability is excessively high that it is a losing proposition, as all warranties are.

sorry to poo poo this, but the types of repairs eating into the pockets of toyota/honda owners are ocurring beyond 7 yrs/100k miles. they know this, which is why they are making money on this deal.