Platinum Certified Extended Warranty - How much?

Hi folks:

I'm buying a 2007 Camry XLE which although it has only 80 miles on it, is a
Certified Pre-Owned car. (It got dinged a bit in a hail storm and the
company is selling it as CPO.) Anyway, it comes with an extended warranty
for the power train for 7 yrs/ 100000 miles and the remainder of the regular
3yr / 36000 mile factory warranty (2 yrs 9 months remain).

The deal is done and I take possession tomorrow night.

The dealership offered me the "Platinum Certified" warranty extension which
extend virtually everything on the 3/36 plan to the full 7/100 period.
Sounds good and the warranty looks very good - no deductibles and the only
things not covered are the things you'd expect to wear out - tires, belts,
wipers, brake pads, etc.

Anyway, they quoted me a price of $1250. which I must assume is negotiable.
If they'd said something like $500, I'd have jumped at it but not at this
price.

Anybody have any idea what this warranty can be negotiated to?

Thanks in advance.

- Dave

On Thu, 28 Sep 2006 18:30:29 -0400, David In NH wrote:
[color=blue]
> Hi folks:
>
> I'm buying a 2007 Camry XLE which although it has only 80 miles on it, is a
> Certified Pre-Owned car. (It got dinged a bit in a hail storm and the
> company is selling it as CPO.) Anyway, it comes with an extended warranty
> for the power train for 7 yrs/ 100000 miles and the remainder of the regular
> 3yr / 36000 mile factory warranty (2 yrs 9 months remain).
>
> The deal is done and I take possession tomorrow night.
>
> The dealership offered me the "Platinum Certified" warranty extension which
> extend virtually everything on the 3/36 plan to the full 7/100 period.
> Sounds good and the warranty looks very good - no deductibles and the only
> things not covered are the things you'd expect to wear out - tires, belts,
> wipers, brake pads, etc.
>
> Anyway, they quoted me a price of $1250. which I must assume is negotiable.
> If they'd said something like $500, I'd have jumped at it but not at this
> price.
>
> Anybody have any idea what this warranty can be negotiated to?
>
> Thanks in advance.
>
> - Dave[/color]


You can get it for $800 elsewhere. If your dealer is like mine, they won't
budge on the price.

You can buy the warranty from ANY Toyota dealer. There are a few on-line,
and one of the best has been said to be Toyota of Greenfield (MA), I think
they said ask for Dean, but, it has been bought by a Volvo/Audi dealer
since then, so I don't know if it still holds.

David In NH wrote:
[color=blue]
> The dealership offered me the "Platinum Certified" warranty extension which
> extend virtually everything on the 3/36 plan to the full 7/100 period.
> Sounds good and the warranty looks very good - no deductibles and the only
> things not covered are the things you'd expect to wear out - tires, belts,
> wipers, brake pads, etc.
>
> Anyway, they quoted me a price of $1250. which I must assume is negotiable.
> If they'd said something like $500, I'd have jumped at it but not at this
> price.[/color]

These can be sold by places other than the dealer. If you're a member of
a Credit Union, ask them. Also in many cases you can buy these "service
contracts" (that's really what they are) up to the time your factory
warranty expires. So you should have time to shop. Markup is in the
range of 100% (so the dealer cost will be something like $600).

Also, Toyotas are pretty reliable. My '83 Camry has 250,000 miles on it
and nothing has happened that would have been covered. Still all
original running gear (engine, tranny, clutch, etc., etc.)

"Kurt Krueger" <allez@worldnet.att.net> wrote in message
news:V2bTg.799$QZ1.26@bgtnsc04-news.ops.worldnet.att.net...[color=blue]
> David In NH wrote:
>[color=green]
>> The dealership offered me the "Platinum Certified" warranty extension
>> which extend virtually everything on the 3/36 plan to the full 7/100
>> period. Sounds good and the warranty looks very good - no deductibles and
>> the only things not covered are the things you'd expect to wear out -
>> tires, belts, wipers, brake pads, etc.
>>
>> Anyway, they quoted me a price of $1250. which I must assume is
>> negotiable. If they'd said something like $500, I'd have jumped at it but
>> not at this price.[/color]
>
> These can be sold by places other than the dealer. If you're a member of
> a Credit Union, ask them. Also in many cases you can buy these "service
> contracts" (that's really what they are) up to the time your factory
> warranty expires. So you should have time to shop. Markup is in the
> range of 100% (so the dealer cost will be something like $600).
>
> Also, Toyotas are pretty reliable. My '83 Camry has 250,000 miles on it
> and nothing has happened that would have been covered. Still all
> original running gear (engine, tranny, clutch, etc., etc.)[/color]

The credit union will not have Toyota Extra Care products. I am not a fan
of extended service contracts in general, and especially ones from third
parties. Stick to Toyota Extra Care products if you are going to get an
extended service contract for a Toyota.
--

Ray O
(correct punctuation to reply)

You should check TundraSolutions.org and SiennaClub.org (it has nothing to
do with that Environmental group). They have a lot of info regarding Toyota
Extra Care and pricing.



"David In NH" <dgintz@gmail.com> wrote in message
news:GLSdnclqePdZ0IHYnZ2dnUVZ_tWdnZ2d@adelphia.com...[color=blue]
> Hi folks:
>
> I'm buying a 2007 Camry XLE which although it has only 80 miles on it, is
> a Certified Pre-Owned car. (It got dinged a bit in a hail storm and the
> company is selling it as CPO.) Anyway, it comes with an extended warranty
> for the power train for 7 yrs/ 100000 miles and the remainder of the
> regular 3yr / 36000 mile factory warranty (2 yrs 9 months remain).
>
> The deal is done and I take possession tomorrow night.
>
> The dealership offered me the "Platinum Certified" warranty extension
> which extend virtually everything on the 3/36 plan to the full 7/100
> period. Sounds good and the warranty looks very good - no deductibles and
> the only things not covered are the things you'd expect to wear out -
> tires, belts, wipers, brake pads, etc.
>
> Anyway, they quoted me a price of $1250. which I must assume is
> negotiable. If they'd said something like $500, I'd have jumped at it but
> not at this price.
>
> Anybody have any idea what this warranty can be negotiated to?
>
> Thanks in advance.
>
> - Dave
>[/color]

"John" <kljlsdlf@msn.com> wrote in message
news:CadTg.6547$e66.2517@newssvr13.news.prodigy.com...[color=blue]
> You should check TundraSolutions.org and SiennaClub.org (it has nothing to
> do with that Environmental group). They have a lot of info regarding
> Toyota Extra Care and pricing.
>
>
>
> "David In NH" <dgintz@gmail.com> wrote in message
> news:GLSdnclqePdZ0IHYnZ2dnUVZ_tWdnZ2d@adelphia.com...[color=green]
>> Hi folks:
>>
>> I'm buying a 2007 Camry XLE which although it has only 80 miles on it, is
>> a Certified Pre-Owned car. (It got dinged a bit in a hail storm and the
>> company is selling it as CPO.) Anyway, it comes with an extended warranty
>> for the power train for 7 yrs/ 100000 miles and the remainder of the
>> regular 3yr / 36000 mile factory warranty (2 yrs 9 months remain).
>>
>> The deal is done and I take possession tomorrow night.
>>
>> The dealership offered me the "Platinum Certified" warranty extension
>> which extend virtually everything on the 3/36 plan to the full 7/100
>> period. Sounds good and the warranty looks very good - no deductibles and
>> the only things not covered are the things you'd expect to wear out -
>> tires, belts, wipers, brake pads, etc.
>>
>> Anyway, they quoted me a price of $1250. which I must assume is
>> negotiable. If they'd said something like $500, I'd have jumped at it but
>> not at this price.
>>
>> Anybody have any idea what this warranty can be negotiated to?
>>
>> Thanks in advance.
>>
>> - Dave
>>[/color]
>
>[/color]

I've checked some of the sources and know I can get a plan from another
Toyota dealer at significantly below the price my dealer wants. It is
actually a better plan (the same one that covers NEW cars rather than the
Certified cars.)

Thanks to all who answered here.

"David In NH" <dgintz@gmail.com> wrote in message
news:GLSdnclqePdZ0IHYnZ2dnUVZ_tWdnZ2d@adelphia.com...[color=blue]
> Hi folks:
>
> I'm buying a 2007 Camry XLE which although it has only 80 miles on it, is
> a Certified Pre-Owned car. (It got dinged a bit in a hail storm and the
> company is selling it as CPO.) Anyway, it comes with an extended warranty
> for the power train for 7 yrs/ 100000 miles and the remainder of the
> regular 3yr / 36000 mile factory warranty (2 yrs 9 months remain).
>
> The deal is done and I take possession tomorrow night.
>
> The dealership offered me the "Platinum Certified" warranty extension
> which extend virtually everything on the 3/36 plan to the full 7/100
> period. Sounds good and the warranty looks very good - no deductibles and
> the only things not covered are the things you'd expect to wear out -
> tires, belts, wipers, brake pads, etc.
>
> Anyway, they quoted me a price of $1250. which I must assume is
> negotiable. If they'd said something like $500, I'd have jumped at it but
> not at this price.
>
> Anybody have any idea what this warranty can be negotiated to?
>
> Thanks in advance.
>
> - Dave[/color]

Extended warranties on Toyotas are for either suckers or nervous Nellies.
Which are you?


[color=blue]
>
>[/color]

"sharx35" <sharx35@hotmail.com> wrote in message
news:w0MTg.33029$Lb5.20466@edtnps89...[color=blue]
>
> "David In NH" <dgintz@gmail.com> wrote in message
> news:GLSdnclqePdZ0IHYnZ2dnUVZ_tWdnZ2d@adelphia.com...[color=green]
>> Hi folks:
>>
>> I'm buying a 2007 Camry XLE which although it has only 80 miles on it, is
>> a Certified Pre-Owned car. (It got dinged a bit in a hail storm and the
>> company is selling it as CPO.) Anyway, it comes with an extended warranty
>> for the power train for 7 yrs/ 100000 miles and the remainder of the
>> regular 3yr / 36000 mile factory warranty (2 yrs 9 months remain).
>>
>> The deal is done and I take possession tomorrow night.
>>
>> The dealership offered me the "Platinum Certified" warranty extension
>> which extend virtually everything on the 3/36 plan to the full 7/100
>> period. Sounds good and the warranty looks very good - no deductibles and
>> the only things not covered are the things you'd expect to wear out -
>> tires, belts, wipers, brake pads, etc.
>>
>> Anyway, they quoted me a price of $1250. which I must assume is
>> negotiable. If they'd said something like $500, I'd have jumped at it but
>> not at this price.
>>
>> Anybody have any idea what this warranty can be negotiated to?
>>
>> Thanks in advance.
>>
>> - Dave[/color]
>
> Extended warranties on Toyotas are for either suckers or nervous Nellies.
> Which are you?
>
>
>[color=green]
>>
>>[/color]
>
>[/color]

I'm not either one. I almost never buy an extended warranty on anything
(other than a laptop PC - found to have ALWAYS paid off on those!). Proof
that I'm not a sucker is that I didn't let the dealer coerce me into buying
their warranty but even though I'm not a nervous nellie, this car has a
whole bunch of computers and sensors which could go bad. Everything from the
radio/cd player/trip computer, etc.. I know that the price of the warranty
is always greater than the manufacturer's expectations of real value to the
consumer. (They don't sell a warranty for $1000 if they expect the average
buyer to wind up with over $1000 worth of repairs.)

Anyway, it would be worth it to me to pay a smaller amount for a warranty
later. (I've got the factory for 3 years and if the car has problems, buying
the extended one for around $800 anytime in the three years, would make
sense.)

sharx35 writes:
[color=blue]
> Extended warranties on Toyotas are for either suckers or nervous Nellies.[/color]

The extended warranty offered by the Toyota dealer in Honolulu includes
a full refund if you never use it. So, the only thing you're out is
the interest on the money spent on the extended warranty that you would
have otherwise earned had it been sitting in the bank all those years
rather than being spent on something else.

I can understand some concern over the reliability of certain new
technologies, such as the hybrid system and the continuously variable
transmission. Of course, most components of the hybrid system come
with an eight year manufacturer's warranty.

Placing that amount in an interest bearing savings account, and paying for
any repairs from it that would be covered buy the extended service plan, (it
is not a WARRANTY,) would be an even better choice IMO.

If your intent, when asking for advice in a NG is to disagree with the
advice given, why ask? One would expect the person asking would either take
the advice given or not, as they chose. ;)

mike hunt


"David In NH" <dgintz@gmail.com> wrote in message
news:NNOdndFTNPZ0mr3YnZ2dnUVZ_q2dnZ2d@adelphia.com...[color=blue]
>[color=green]
>> Extended warranties on Toyotas are for either suckers or nervous Nellies.
>> Which are you?
>>[color=darkred]
>>>>[/color][/color]
>
> I'm not either one. I almost never buy an extended warranty on anything
> (other than a laptop PC - found to have ALWAYS paid off on those!). Proof
> that I'm not a sucker is that I didn't let the dealer coerce me into
> buying their warranty but even though I'm not a nervous nellie, this car
> has a whole bunch of computers and sensors which could go bad. Everything
> from the radio/cd player/trip computer, etc.. I know that the price of the
> warranty is always greater than the manufacturer's expectations of real
> value to the consumer. (They don't sell a warranty for $1000 if they
> expect the average buyer to wind up with over $1000 worth of repairs.)
>
> Anyway, it would be worth it to me to pay a smaller amount for a warranty
> later. (I've got the factory for 3 years and if the car has problems,
> buying the extended one for around $800 anytime in the three years, would
> make sense.)
>[/color]

"Mike Hunter" <mikehunt2@mailcity.com> wrote in message
news:z1adnZMzqdNJtLzYUSdV9g@ptd.net...[color=blue]
> Placing that amount in an interest bearing savings account, and paying
> for any repairs from it that would be covered buy the extended service
> plan, (it is not a WARRANTY,) would be an even better choice IMO.
>
> If your intent, when asking for advice in a NG is to disagree with the
> advice given, why ask? One would expect the person asking would either
> take the advice given or not, as they chose. ;)
>
> mike hunt
>[/color]

My original question was not whether to get the plan or not - it was as to
how much people were paying for it.

Thanks for your input though.

- Dave

Completely anal retentive kookdancing queen, Dickless Davie
[email]tholen@antispam.ham[/email] the "irrelevaant" Ignoranus whined and tholed like
the antagonistic arsehole that he is:[color=blue]
> sharx35 writes:
>[color=green]
> > Extended warranties on Toyotas are for either suckers or nervous Nellies.[/color]
>
> The extended warranty offered by the Toyota dealer in Honolulu includes[/color]

A0L! Who in their right mind would drive all the way out to Honolulu
for a crappy Toyota warranty? Apart from Dickless, that is.
[color=blue]
> a full refund if you never use it. So, the only thing you're out is
> the interest on the money spent on the extended warranty that you would
> have otherwise earned had it been sitting in the bank all those years
> rather than being spent on something else.
>
> I can understand some concern over the reliability of certain new
> technologies, such as the hybrid system and the continuously variable
> transmission. Of course, most components of the hybrid system come
> with an eight year manufacturer's warranty.[/color]

[email]tholen@antispam.ham[/email] wrote:
[color=blue]
>The extended warranty offered by the Toyota dealer in Honolulu includes
>a full refund if you never use it. So, the only thing you're out is
>the interest on the money spent on the extended warranty that you would
>have otherwise earned had it been sitting in the bank all those years
>rather than being spent on something else.[/color]

You're a Toyota owner, tholen?
[color=blue]
>I can understand some concern over the reliability of certain new
>technologies, such as the hybrid system and the continuously variable
>transmission. Of course, most components of the hybrid system come
>with an eight year manufacturer's warranty.[/color]

Even the battery? If so, I'd bet it's pro-rated, eh?

[email]tholen@antispam.ham[/email] wrote:[color=blue]
>
> The extended warranty offered by the Toyota dealer in Honolulu includes
> a full refund if you never use it. So, the only thing you're out is
> the interest on the money spent on the extended warranty that you would
> have otherwise earned had it been sitting in the bank all those years
> rather than being spent on something else.[/color]

That sounds like a pretty good deal. Do you think this is standard?
Other than loss of interest during that time, and downside?

Can you sign up during your warranty period, or do you have to do
this when you buy?

eb

"EB" <ebonak-a-@t-hotmail.com> wrote in message
news:JMyZg.5080$Dg5.1710@trndny09...[color=blue]
> [email]tholen@antispam.ham[/email] wrote:[color=green]
>>
>> The extended warranty offered by the Toyota dealer in Honolulu includes
>> a full refund if you never use it. So, the only thing you're out is
>> the interest on the money spent on the extended warranty that you would
>> have otherwise earned had it been sitting in the bank all those years
>> rather than being spent on something else.[/color]
>
> That sounds like a pretty good deal. Do you think this is standard?
> Other than loss of interest during that time, and downside?
>
> Can you sign up during your warranty period, or do you have to do
> this when you buy?
>
> eb[/color]

Not many dealers will refund the money spent on an extended warranty, so
not, it is not standard practice and so that deal does sound pretty good if
it is a Toyota Extra Care Service Contract and not one from an aftermarket
company. Aftermarket extended service contracts are generally full of
loopholes that allow them to avoid paying out, while the factory sponsored
contracts will cover what they say they will.

I am generally not a fan of extended service contracts, which are actually
insurance policies. Put the money in a separate account and withdraw it if
necessary.
--

Ray O
(correct punctuation to reply)