Is the 100k warranty worth purchasing?

[acprkit]

Hi everyone,

I have a used 2007 Camry with 47k on it. I am thinking about purchasing the Toyota 100k extended warranty for it, since it would cover me for 3 years.

I know that there are lots of threads on the warranty, but does anyone have experience with it covering your Camry? I know that there are a number of exemptions on the warranty. Has anyone run into problems getting an issue fixed? For example, I know that the 2007's can have transmission problems.


Thanks!

[MJZ]

I have 53K miles with the 70K mile extendedwarranty, and hell yea it would. It just cost the dealer (warranty) $400 to replace front stabilizer links.

[workerant]

"worth" is the key term.

This is covered very extensively in the warranty thread (do the search). It's not 'bumper to bumper' so not all is covered.

But from what I understand in general the '07 is a sick year and you should get the warranty if U plan to keep the vehicle.

[Joe B]

You can't purchase a Toyota extended warranty with over 3 years or 36K miles.

[Donald E. George]

I would be very careful about purchasing any extended warranty. Even a warranty from the dealer.Most are nothing more than an expensive insurance policy that the issuer never expects to pay out a dime on claims. Regards

[MJZ]

Originally Posted by Donald E. George

I would be very careful about purchasing any extended warranty. Even a warranty from the dealer.Most are nothing more than an expensive insurance policy that the issuer never expects to pay out a dime on claims. Regards

Unless you buy the Toyota corporate warranty, because with these much lower quality cars, it will pay for itself and then some.

[willt]

hey guys since where talking about this warranty how do i know if i bought the warranty i cant remb and where can i find this document?
i remb on my se i had the 3 yr warranty but they upgrade it to platinum warranty for free

[muckdawg24]

Originally Posted by Donald E. George

I would be very careful about purchasing any extended warranty. Even a warranty from the dealer.Most are nothing more than an expensive insurance policy that the issuer never expects to pay out a dime on claims. Regards

Isn't that every Insurance Policy?

I think it depends on the reputation of the car holding up versus the cost of the warranty. Yes, there are warranties out there that won't cover things but all you have to do is read the entire warranty. I purchased one for my Audi and if I didn't have it I would have paid $2K out of my own pocket in repairs. I bought an 08 Camry LE used and the credit union gave me a warranty for $800. I think for the total cost of ownership, that's peanuts, BUT only if you plan on keeping the vehicle well over 100K miles. My .02

[Joe B]

Originally Posted by muckdawg24

Isn't that every Insurance Policy?

I think it depends on the reputation of the car holding up versus the cost of the warranty. Yes, there are warranties out there that won't cover things but all you have to do is read the entire warranty. I purchased one for my Audi and if I didn't have it I would have paid $2K out of my own pocket in repairs. I bought an 08 Camry LE used and the credit union gave me a warranty for $800. I think for the total cost of ownership, that's peanuts, BUT only if you plan on keeping the vehicle well over 100K miles. My .02

The key also is how much you pay for a Toyota Platinum no deductible extended warranty.
You can buy a 7/100 Toyota Platinum for a Camry at around $900 and no sales tax from Troy Dietrich of Toyota of Greenfield in MA.
That's not bad for 7/100 piece of mind when you have a well optioned Camry.
At $1700+ sales tax,it can be another story.

[Streaker]

Yeah, a bunch of us bought the platinum warranty off Troy years ago. Buy it, especially if you get the V6 automatic tranny.