Good point on the car insurance....except here in Texas its required by law (and by your lender if you finance).
I always say I should buy the warranty for the peace of mind but my CPA wife always talks me out of it. She says:
(1) Let's invest that money and it will be worth more then if we need if for repairs.
(2) None of our Toyota's have ever needed anything so why buy it.
(3) She tells me that I have an illness and that as soon as some new model comes out or they introduce a new feature I will be trading the thing anyway.
This is a well rated company from what I have been able to find out. You can get a full blown extended warranty or the link above takes you to their 'Diamond Wrap' warranty page. Their best full blown warranty is their Platinum plan.
Diamond Wrap takes your 3yr/36k mi bumper-to-bumper warranty & extends it to match the 5yr/60k mi powertrain warranty. They're the only company offering anything like this that I know of. This might be a nice alternative for some people.
Though in order to qualify you need to get it before your 3/36 expires. They also have a 'Certified Wrap' plan for used vehicles, though I haven't researched this option.
Warrany Direct extended warranties also cover not just breakage of parts but 'wear & tear'. See the FAQ section on their site & read up on their 'wear & tear' info. Good luck trying to get most extended warranties to cover parts that go out due to 'wear & tear'.
Just in case anyone is wondering I don't have any affiliation with Warranty Direct. Just wanted to pass along the info.
Just thought I would let everyone know that I did purchase the 6yr/100k 0 deductible platinum warranty for my 2000 tundra 4x4. I purchased it from Kim Free at Pohanka Toyota for $50 over cost. She is a pleasure to work with and sent me all the information I needed and even sent me copies of her actual costs. I purchased the warranty for $765.00. I also thought I would pass on this information. I talked to my local dealer about warrantys and he told me that they are more than willing to honor other companies warrantys but I would have to pay for the costs up front and bill or invoice the warranty company myself.
A number of us, including myself, have purchased the extended service contract through Troy of Greenfield Toyota.
Thanks DS. I emailed Troy for some quotes.
And as far as extended warranties go, It all comes down to vehicle use and location. The winters in the midwest are pretty darn brutal especially in the suburbs of Chicago when the salt content on the streets rival that of the oceans. YMMV, but it only takes one major repair and the warranty pays for itself.
Extended warrantees are only good if you need them. I bought them for 2 Mercs ( /96 c220 and 98/ ml320) against the recommendation of, say, Consumer Reports, but they have more than paid for themselves. I guess it depends on the quality of the product. One reason they are not considered a good thing is the markup. I guess the profits are high. I got one for my tundra (80 months or 100k miles) but it was discounted by 50%. I'd say if you can get a discounted one from a dealership, it may pay for itself. But, then again, there is no real reason the tundra should have any problems long-term. Just my .02.
I told myself when I bought a Toyota that I would never buy and extended warranty, but the dealer talked me into it this way. He said Toyotas usually do not need warranty work, but when they do the cost is ususally relatively expensive. Something as simple as an electric window motor replacement would be several hundred dollars. To make a long story short, he sold me a bumper to bumper 70,000 mile warrant for an extra 500.00 over the selling price of the truck. I don't drive a lot, so I feel pretty comfortable knowing I won't have to worry about anything for probably at least 5 years.
Extended warrantees are only good if you need them.
I agree . . . I wish I had an extended warranty for my 2000 SR5 Access Cab during the vibration and brake issue days of yesteryear . . . but I too told the salesman "hey, this is a Toyota, whad a ya, CRAZY." Well, maybe I was the crazy one. I don't want to admit it, but based on this experience, I did purchase an extended warranty for my soon-to-arrive Tundra DC.
I agree . . . I wish I had an extended warranty for my 2000 SR5 Access Cab during the vibration and brake issue days of yesteryear . . . but I too told the salesman "hey, this is a Toyota, whad a ya, CRAZY." Well, maybe I was the crazy one. I don't want to admit it, but based on this experience, I did purchase an extended warranty for my soon-to-arrive Tundra DC.
But, does the extended service contract cover brakes and vibrations? I think it only covers parts that fail, and these were design or manufacturing problems.
Ken
__________________
You get what you inspect
Not what you expect.
S&S Long Tube Hi-Torque Headers
TRD/Eaton Limited Slip Differential
Gibson exhaust system
Hellwig Rear Antisway Bar
Sylvania Xenarc H.I.D. X1010 Auxiliary Low Beam Driving Lights
Schaeffer Engine Oil, ATF, Differential Oil
Racor LFS22825 full-flow transmission filter
Towing a 21' Bigfoot trailer using a Hensley Arrow hitch, Jordan brake controller, McKesh mirrors
But, does the extended service contract cover brakes and vibrations? I think it only covers parts that fail, and these were design or manufacturing problems.
Ken
If you purchase one get the Toyota Factory Extended warranty. Many independent companys have been going out of business leaving consumers with no coverage. I don't think Toyota will be going out of business anytime soon.
But, does the extended service contract cover brakes and vibrations? I think it only covers parts that fail, and these were design or manufacturing problems.
Ken
I believe brakes are covered . . . including a number of assemblies, subassemblies, disc brake calipers, etc.
You, however, make a good point of a design failure versus a part failure, especially as it relates to the vibration issue. Nice loophole for the service department to say, "the components are working just fine - the "problem" is not a component issue, rather a design feature - that vibration helps keep the dust off your truck." Yea, that's it.
Although, the Toyota service department did fix my brakes 3 times, and the vibration 2 times under the standard warranty. Can any one shed any light on whether the (extended) warranty covers design failures? Or do you have to rely on Toyota releasing an official TSB? Or both?
Hi all,
This doesn't directly answer your question, but I thought others might like to use the following link to the California Department of Insurance and read about what to look for (and what to look out for) when buying an extended auto service warranty. My understanding is that California clamped down on these companies because so many of them were either financially unstable or were outright fraudulant. Sorry I don't have info from other states.
Warranty Direct
Just wanted to pass along the info.
Best price for extended warranty?
Insurance
Linear Mode
