Extended Warranty and Other Options - Worth It???

I just got home from purchasing a brand new Toyota Tacoma! I'm totally
stoked! Everyone at the dealership was incredibly friendly and
helpful, and the entire process, though lengthy, went like a dream.

My only moments of anguish occured with the finance guy who was
finalizing everything. At that point, he broke out all the optional
stuff, such as the extended 7-year warranty, the maintenance package,
perma-plate paint and interior fabric protection, and an alarm system.
This stuff came to an additional $3000 -- nothing to sneeze at. My gut
said no, so I told the guy I'd pass. He told me to sleep on it, and if
I wanted to change my mind, I could before the paperwork gets sent to
the finance company tomorrow morning. Is this additional stuff worth
the extra expense?

-Fleemo

<fleemo17@comcast.net> wrote in message
news:1159761935.393227.285010@e3g2000cwe.googlegroups.com...[color=blue]
>I just got home from purchasing a brand new Toyota Tacoma! I'm totally
> stoked! Everyone at the dealership was incredibly friendly and
> helpful, and the entire process, though lengthy, went like a dream.
>
> My only moments of anguish occured with the finance guy who was
> finalizing everything. At that point, he broke out all the optional
> stuff, such as the extended 7-year warranty, the maintenance package,
> perma-plate paint and interior fabric protection, and an alarm system.
> This stuff came to an additional $3000 -- nothing to sneeze at. My gut
> said no, so I told the guy I'd pass. He told me to sleep on it, and if
> I wanted to change my mind, I could before the paperwork gets sent to
> the finance company tomorrow morning. Is this additional stuff worth
> the extra expense?
>
> -Fleemo
>[/color]

IMO, no.
--

Ray O
(correct punctuation to reply)

Nope.

Almost end of story.

However if you can negotiate a cheap price on a zero deductible high mileage
Toyota service agreement (find cheap prices on internet and get dealer to
match them, make sure they are Toyota warranties) when you sell the car
privately, having a transferable extended warranty makes the car easy to
sell.



<fleemo17@comcast.net> wrote in message
news:1159761935.393227.285010@e3g2000cwe.googlegroups.com...[color=blue]
>I just got home from purchasing a brand new Toyota Tacoma! I'm totally
> stoked! Everyone at the dealership was incredibly friendly and
> helpful, and the entire process, though lengthy, went like a dream.
>
> My only moments of anguish occured with the finance guy who was
> finalizing everything. At that point, he broke out all the optional
> stuff, such as the extended 7-year warranty, the maintenance package,
> perma-plate paint and interior fabric protection, and an alarm system.
> This stuff came to an additional $3000 -- nothing to sneeze at. My gut
> said no, so I told the guy I'd pass. He told me to sleep on it, and if
> I wanted to change my mind, I could before the paperwork gets sent to
> the finance company tomorrow morning. Is this additional stuff worth
> the extra expense?
>
> -Fleemo
>[/color]

On Sun, 01 Oct 2006 21:05:35 -0700, fleemo17 wrote:
[color=blue]
> I just got home from purchasing a brand new Toyota Tacoma! I'm totally
> stoked! Everyone at the dealership was incredibly friendly and
> helpful, and the entire process, though lengthy, went like a dream.
>
> My only moments of anguish occured with the finance guy who was
> finalizing everything. At that point, he broke out all the optional
> stuff, such as the extended 7-year warranty, the maintenance package,
> perma-plate paint and interior fabric protection, and an alarm system.
> This stuff came to an additional $3000 -- nothing to sneeze at. My gut
> said no, so I told the guy I'd pass. He told me to sleep on it, and if
> I wanted to change my mind, I could before the paperwork gets sent to
> the finance company tomorrow morning. Is this additional stuff worth
> the extra expense?
>
> -Fleemo[/color]


THREE THOUSAND DOLLARS?!?!?!?!!

The Alarm they use is about the least expensive Audiovox you can find
($59.95 retail), the 7 Year Warranty can be found on-line for $750, $800
with a Zero-deductable, the Paint Protection and Fabric protection, even
at GOUGING prices is $600, and is nothing more than Pure Profit (the
amount of material applied to your car comes to about $30, and the rest is
'Insurance' and profit!). If you are REAL hard on your vehicles, and use
them for WORK the'paint protection' and 'fabric protection' <MIGHT> be
worth about $400 or less, because within 5 years, if any chemicals, bird
doo or tree sap or oxidation ruin the paint, the 'Perma-Plate' company
will pay to paint the truck. I never heard of them, we used Simonize; I
think they will be around for a while to come. Also, a woman spilled about
a quart of Ammonia in her Rav4; totally her fault, and Simonize paid to
have a NEW carpet and padding installed in her car. In her case, she made
out somewhat since even aftermarket replacement carpeting and padding is
at least $250, and this was Genuine Toyota.

Other than that, have someone handy with an Volt Meter install the alarm,
get some Scotch guard for the upholstery, Meguire's or other excellent
grade Wax, and knock them down on the warranty.

When I bought my Scion a few weeks ago, I told him I found a 7-year,
100,000 mile warranty for $800, Zero deductible; he was offering 6 years,
60,000, $50 deductible for $1200 and when I asked him to match the price
he flatly refused.

Thank you all for your input. I feel much better about my decision
now. :)

-Fleemo

On 1 Oct 2006 21:05:35 -0700, [email]fleemo17@comcast.net[/email] wrote:
[color=blue]
>I just got home from purchasing a brand new Toyota Tacoma! I'm totally
>stoked! Everyone at the dealership was incredibly friendly and
>helpful, and the entire process, though lengthy, went like a dream.
>
>My only moments of anguish occured with the finance guy who was
>finalizing everything. At that point, he broke out all the optional
>stuff, such as the extended 7-year warranty, the maintenance package,
>perma-plate paint and interior fabric protection, and an alarm system.
>This stuff came to an additional $3000 -- nothing to sneeze at. My gut
>said no, so I told the guy I'd pass. He told me to sleep on it, and if
>I wanted to change my mind, I could before the paperwork gets sent to
>the finance company tomorrow morning. Is this additional stuff worth
>the extra expense?
>
>-Fleemo[/color]

Flat out NO!! Those paint and upholstery "packs" and crappy alarms
are not worth anywhere near what they want for them.

The dealer was trying to make about another $2K profit off you - and
to top it off, if they were arranging the financing they get a bigger
commission kickback for writing a bigger loan.

Listen to Hachi, he was just there.

Any extended warranty *other* *than* the Toyota Corporate backed
"Toyota Extra Care" isn't worth the paper it's printed on, these
companies specialize in "Take the money and Run."

Read the fine print on some of these third-party policies, there is
ALWAYS a way for them to make it a non-covered breakdown. Like it was
"electrical related" - most all systems on modern cars have a tie-in
to the electrical system now, thanks to computerization there are
sensors and solenoids and valves everywhere.

The crooks set up a company and sell warranties for a few years, and
pocket most of the dough. Then when the claims start coming in faster
than their claims adjusters can figure out ways to deny them, they
simply go out of business...

At least they do under that exact corporation name. ;-)

They already had another name, corporate shell and identity all
prepared and ready to go, they started doing the final preparations a
few months ago when they saw the claims trending up.

They just declare BK as "Company 1" on Friday morning and lock the
doors. Change the name on the office door, the website, the
stationery and the phone numbers over the weekend, send out new
printed materials to the dealers (if they didn't do it in advance) and
start up fresh on Monday morning as "Company 2" like nothing happened.

The dealers that use these warranty companies are in on the scam
(because they got the new paperwork a day or two in advance of the BK)
but they don't care - it's pure profit for them when they pay $400
wholesale for the policy and charge you $1,200 or more.

P.T. Barnum was right - There IS a sucker born every minute. Don't
be him (or her).

--<< Bruce >>--