Extended Toyota warrantee

I just took delivery of a 2006 Tacoma 4x4 automatic last night. The
dealer tried to sell me the Platinum Toyota extended warrantee (6
yrs/75K) for $1,575. I asked to think about it for awhile before
accepting this coverage.

I usually keep my vehicles for 7-8 years so the time frame was OK for
me. I'm just wondering if this cost is worth it or not. Does anyone
else have any experiences with these things?

Thanks.

Sam

On Thu, 13 Apr 2006 18:10:21 -0700, Sam <retired@home.net> wrote:
[color=blue]
>I just took delivery of a 2006 Tacoma 4x4 automatic last night. The
>dealer tried to sell me the Platinum Toyota extended warrantee (6
>yrs/75K) for $1,575. I asked to think about it for awhile before
>accepting this coverage.
>
>I usually keep my vehicles for 7-8 years so the time frame was OK for
>me. I'm just wondering if this cost is worth it or not. Does anyone
>else have any experiences with these things?
>
>Thanks.
>
>Sam[/color]

I just did a little checking and found that I can purchase this same
(official Toyota) warrantee for as little as $750 online. Has anyone
tried using these?

Sam

"Sam" <retired@home.net> wrote in message
news:lb1u32lfs9d8aq5hsjmncl0fgni1cgrkkd@4ax.com...[color=blue]
> On Thu, 13 Apr 2006 18:10:21 -0700, Sam <retired@home.net> wrote:
>[color=green]
>>I just took delivery of a 2006 Tacoma 4x4 automatic last night. The
>>dealer tried to sell me the Platinum Toyota extended warrantee (6
>>yrs/75K) for $1,575. I asked to think about it for awhile before
>>accepting this coverage.
>>
>>I usually keep my vehicles for 7-8 years so the time frame was OK for
>>me. I'm just wondering if this cost is worth it or not. Does anyone
>>else have any experiences with these things?
>>
>>Thanks.
>>
>>Sam[/color]
>
> I just did a little checking and found that I can purchase this same
> (official Toyota) warrantee for as little as $750 online. Has anyone
> tried using these?
>
> Sam[/color]
When does the warranty begin? After the Toyota warranty runs out or
concurrently with the Toyota warranty? I have 2 Toyota's and always thought
the extended warranties were not worth the money.

On Thu, 13 Apr 2006 23:20:04 -0400, "Tom in Macon"
<TomMacon@member.org> wrote:
[color=blue]
>
>"Sam" <retired@home.net> wrote in message
>news:lb1u32lfs9d8aq5hsjmncl0fgni1cgrkkd@4ax.com...[color=green]
>> On Thu, 13 Apr 2006 18:10:21 -0700, Sam <retired@home.net> wrote:
>>[color=darkred]
>>>I just took delivery of a 2006 Tacoma 4x4 automatic last night. The
>>>dealer tried to sell me the Platinum Toyota extended warrantee (6
>>>yrs/75K) for $1,575. I asked to think about it for awhile before
>>>accepting this coverage.
>>>
>>>I usually keep my vehicles for 7-8 years so the time frame was OK for
>>>me. I'm just wondering if this cost is worth it or not. Does anyone
>>>else have any experiences with these things?
>>>
>>>Thanks.
>>>
>>>Sam[/color]
>>
>> I just did a little checking and found that I can purchase this same
>> (official Toyota) warrantee for as little as $750 online. Has anyone
>> tried using these?
>>
>> Sam[/color]
>When does the warranty begin? After the Toyota warranty runs out or
>concurrently with the Toyota warranty? I have 2 Toyota's and always thought
>the extended warranties were not worth the money.[/color]

It supposedly kicks in after the initial 12 months, and extends it, so
that you have full bumper-to-bumper protection for the whole 6 yrs./
75K mi.

As far as being worth it or not... that's why I asked. Of course one
of the reasons I bought a Toyota was because of their reliability...
unlike my old Dodge Ram. But anything mechanical can break. I guess
its like buying insurance... its a gamble.

Sam

My son bought a new Tacoma about 2 months ago and I went with him to do the
bartering. The extended warrenties are negotiable. We got a genuine Toyota
exta care 7yr. 100,000 mile warrenty for $1100 dollars. Make sure any
warrenty you get is genuine Toyota warrenty, It says so on the paperwork.


Scott

On Fri, 14 Apr 2006 17:58:32 -0400, "zonie" <sjemoomaw@nospam> wrote:
[color=blue]
>My son bought a new Tacoma about 2 months ago and I went with him to do the
>bartering. The extended warrenties are negotiable. We got a genuine Toyota
>exta care 7yr. 100,000 mile warrenty for $1100 dollars. Make sure any
>warrenty you get is genuine Toyota warrenty, It says so on the paperwork.
>
>
> Scott[/color]

The ones I looked at were genuine Toyota warrantees. In fact, I
mentioned the prices I was seeing online to my dealer and they decided
to match the price. These folks must absolutely hate the Internet.

So, I can get it from my dealer for 1/2 price. Now my question still
is: will getting this added "insurance" be worth the cost? How many
people have needed to use it? If you don't use it, then its just money
down the toilet.

Sam

"Sam" <retired@home.net> wrote in message
news:6td042526rglmmut7b1q7ng0uj6502v9ou@4ax.com...[color=blue]
> On Fri, 14 Apr 2006 17:58:32 -0400, "zonie" <sjemoomaw@nospam> wrote:
>[color=green]
>>My son bought a new Tacoma about 2 months ago and I went with him to do
>>the
>>bartering. The extended warrenties are negotiable. We got a genuine Toyota
>>exta care 7yr. 100,000 mile warrenty for $1100 dollars. Make sure any
>>warrenty you get is genuine Toyota warrenty, It says so on the paperwork.
>>
>>
>> Scott[/color]
>
> The ones I looked at were genuine Toyota warrantees. In fact, I
> mentioned the prices I was seeing online to my dealer and they decided
> to match the price. These folks must absolutely hate the Internet.
>
> So, I can get it from my dealer for 1/2 price. Now my question still
> is: will getting this added "insurance" be worth the cost? How many
> people have needed to use it? If you don't use it, then its just money
> down the toilet.
>
> Sam[/color]

The main thing it bought me was peace of mind. It's just insurance.
--
Bearman
If it's got tits, tires, tubes, or transistors, it's trouble.

Sam wrote:
snip[color=blue]
> So, I can get it from my dealer for 1/2 price. Now my question still
> is: will getting this added "insurance" be worth the cost? How many
> people have needed to use it? If you don't use it, then its just money
> down the toilet.
>
> Sam[/color]

My guess is your question is too subjective as it's benefit will vary
depending on each individual's circumstances. The insurance company has to
have better odds than the purchasers or they couldn't stay in business, so
from that perspective it's a bad investment. OTOH, if it gives you peace of
mind, you can afford it and you think you just might be one of the people to
have a major problem (Toyota's are one of the best made products available
but they still have a problem occasionally) then it's a good investment.
I'd suggest you weigh your circumstances, your wishes and follow that. Even
if you never have to use a warranty and it satisfies all the other criterea
it's not money down the toilet, it's a good investment.
Just my 2 cents,
Dave

Sam <retired@home.net> wrote:[color=blue]
>On Fri, 14 Apr 2006 17:58:32 -0400, "zonie" <sjemoomaw@nospam> wrote:
>[color=green]
>>My son bought a new Tacoma about 2 months ago and I went with him to do the
>>bartering. The extended warrenties are negotiable. We got a genuine Toyota
>>exta care 7yr. 100,000 mile warrenty for $1100 dollars. Make sure any
>>warrenty you get is genuine Toyota warrenty, It says so on the paperwork.
>>[/color]
>The ones I looked at were genuine Toyota warrantees. In fact, I
>mentioned the prices I was seeing online to my dealer and they decided
>to match the price. These folks must absolutely hate the Internet.
>
>So, I can get it from my dealer for 1/2 price. Now my question still
>is: will getting this added "insurance" be worth the cost? How many
>people have needed to use it? If you don't use it, then its just money
>down the toilet.
>[/color]
The dealer makes money on the extended warranty, so statistically they're a net
loss for the buyer.

IMHO, the most important question is: can you afford a major repair if you're on
the wrong end of the dice roll? Personally, I keep a pretty big "oh shit" fund
in the bank for life's curveballs, and don't bother with any non-required
insurance. OTOH, if you're living from paycheck to paycheck, then the
insurance is pretty much a requirement. You pays yer money, you takes yer
choice...

"Sam" <retired@home.net> wrote in message
news:s1tt3293qc2dk6hkb069i06qeumagp0u12@4ax.com...[color=blue]
>I just took delivery of a 2006 Tacoma 4x4 automatic last night. The
> dealer tried to sell me the Platinum Toyota extended warrantee (6
> yrs/75K) for $1,575. I asked to think about it for awhile before
> accepting this coverage.
>
> I usually keep my vehicles for 7-8 years so the time frame was OK for
> me. I'm just wondering if this cost is worth it or not. Does anyone
> else have any experiences with these things?
>
> Thanks.
>
> Sam[/color]
My experience with the Toyota extended warrantee is that it is worth the
peace of mind in Australia it is a total 5 year 100,000 Km my suggestion is
to read the fine print, the print in mine was that the Ute had to be
serviced at that dealership only and would be void if serviced anywhere else
even another Toyota dealer, so beware.
Joe

Sam wrote:[color=blue]
> I just took delivery of a 2006 Tacoma 4x4 automatic last night. The
> dealer tried to sell me the Platinum Toyota extended warrantee (6
> yrs/75K) for $1,575. I asked to think about it for awhile before
> accepting this coverage.
>
> I usually keep my vehicles for 7-8 years so the time frame was OK for
> me. I'm just wondering if this cost is worth it or not. Does anyone
> else have any experiences with these things?
>
> Thanks.
>
> Sam[/color]
1) These are legally not warranties. They are service contracts.
They do not extend the factory warranty. They cover exactly what
they say they cover in the contract.

2) What is the factory warranty? 3-years or 36,000 miles on just
about everthing and 5-years or 60,000 miles on the drivetrain. The
drivetrain has the most expensive parts, so you are actually buying
coverage on these parts for just 2 more years or 15,000 more miles.

3) As already said, the so-called extended warranties are actually
mechanical failure insurance policies. With any insurance, you save
money if you can afford to pay for losses yourself. Of course,
these contracts are priced to pay a commission to the salesman, a
profit to the dealership, a profit to Toyota, and something left
over to pay for repairs.

4) Toyotas are about the most reliable cars on the road. Not
perfect, but far better than most other brands.

I'd keep the money in my bank account instead of in the saleman's,
the dealership's, and Toyota Financial's banks.


Ken