Toyota Tundra Forums banner

1 - 8 of 8 Posts

·
Registered
Joined
·
49 Posts
Discussion Starter #1
Hello. I am thinking about cashing in my Certified Plantinum Vehicle Service Agreement. I could use the cash but could live without it. I bought my truck from the previous owner who purchased it and it was transferred in my name. My truck has just over 42,000 miles.

The standard factory warranty covers the powertrain through 60,000 miles.

This extra warranty covers the truck to 3/10/2012 or 100,000 miles.

I could cash it in and the current value they told me today was $730 with a $25 process fee and that gives me a extra $705 in my pocket.

I am going back and forth on keeping it or cashing it. Are the odds in my favor, that I really won't have a big issue between 60k and 100k range were I'll need this extra warranty? Should I cash it in for the $705 and take my chances?????:confused:

For the my fellow 2005 or 2006 4x4 Tundra DC owners out there, have you had any costly repairs between 60 and 100k miles?

Your thoughts..............

Thanks,
Anthony


 

·
Registered
Joined
·
1,926 Posts
When I bought my '06 the manager threw in the 7yr / 100K platinum warranty (bumper to bumper) too. $700 is a lot of $$$ :)

Nothing major should come up but you never know......if youre not hurting for money Id keep it just for piece of mind, if you need the money though ca$h it in.
 

·
Moderator
2015 Toyota Tundra DC SR5 5.7L
Joined
·
8,534 Posts
The only circumstance in which I'd recommend cashing out the policy balance would be if you took those funds and plowed them back into the vehicle in much-needed maintenance, component replacement/upgrades, tires in desperate need of replacement, etc. Note that a new stereo, window tint, bed liner, step bars, etc do not qualify in this catagory!

If you had other ideas for the money, I think you would be doing yourself a disservice by scavenging the asset from your truck. The money is already spent. You aren't "missing" it. Let the policy run.
 

·
Registered
Joined
·
89 Posts
$705 doesn't go too far these days. If something were to happen to your truck I would bet it will cost more than $700. It's tempting I know. I thought about it too. I don't recommend it though.
 

·
Registered
Joined
·
524 Posts
Keep it, you never know.

It is a good chunk of cash, but the piece of mind incase something goes andis covered is well worth it imho.
 

·
Registered
Joined
·
10 Posts
Keep it
I had my power steering hoses go out at 55,000. I paid a $100 deductible. That was it. The dealership said it was close to a $1000 job. Also had a seal go out on the front axle shaft. That was 4 hours of labor alone.
 

·
Registered
Joined
·
4,071 Posts
hi, if i were you i'd keep it.
if you ever thought of selling it, it will help in the sale.
what if?
with my luck, the next day i recieved the refund my tranny would go.
gorilla
 

·
Premium Member
Joined
·
64 Posts
I would keep it too. I have a 2005 DC that I leased. Last month when the lease was up, I bought the truck, along with the Platinum Warranty for an additional 5 years/60K miles. I had 72K at the time, so I am covered until 132K, bumper to bumper, with zero deductible. No repair bills for 5 years, makes me sleep good at night.
 
1 - 8 of 8 Posts
Top