So it looks like my 3 year factory warranty is about to expire. I contacted toyota motor services and they quoted me about 400 down and 160 a month for 12 months after that for the diamond package. 5 years 100k miles. Is this reasonable or should I talk to my local dealer to see if I can get something more affordable?

Am I allowed to purchase the warranty after my 3 year one expires?

I was under the impression that there is a 10 year factory warranty that covers certain things without me having to pay.

What are your experiences with this?
FYI: this is for my 2012 camry le.

Sent from AutoGuide.com Free App

Toyota has consistently had a stellar reputation for producing reliable, almost trouble free vehicles. We had our 1996 XLE V6 (purchased brand new) for 8 1/2 years, and NEVER had any issues with it (of course, tires, a battery, and brakes are normal maintenance items). On the other hand, we had quite a bit of issues, especially after 60,000 miles, with the 2001 BMW 525i we purchased brand new (traded it in for our 2013 XLE V6). Similarly, have had some "bizarre" issues with our 2005 Mercedes CLK 320 (still have it, as it has only 58,500 miles on it).

I am anticipating some more trouble free experiences with our 2013 XLE. The key, of course, is to take very good care of the vehicle, especially from a maintenance perspective. I don't plan on purchasing an extended warranty, and I would not recommend one. Additionally, $160 a month is quite a bit (after the $400 down payment).

 

I have 3 Toyotas, bought 1 year used from private sellers and all came with ext war and haven't use it, cost me $50 to transfer to my name.

Rav4 6y/60k Gold never use it and expired
Corolla 6y/60k Gold expire in 2 years
Camry 7y/85k Platinum expire in 6 years.

Ext Warr is good for me since I only buy used cars, not using it mean Toyota make good cars or the previous owners are selling not because something wrong with the car.

 

Extended warranty is just a way for the dealership to make a bunch of money. They make far more money on selling you the warranty than they do selling the car itself. If you are concerned about the reliability why would you buy the vehicle in the first place. Toyota is known for reliability. No need for an extended warranty. Just keep up with the regular maintenance and you will be fine.

 

Exactly! And, well stated. In fact, I really like your statement "If you are concerned about the reliability why would you buy the vehicle in the first place?". That is so accurate. In fact, if the dealership tried to "push" the extended warranty on me, I would just say "Are you saying the vehicle is not reliable?".

 

Thanks so much for the feed back. I called them on Friday to find out the cost and I was stuck on the phone for 25 Mins because they wouldn't take "no I'm not buying it today" as an answer. To the point where the finance guy got upset with me lol. I eventually hung up on him when he got rude. Both my parents have had toyota vehicles and never had a problem (13 year old toyota crown). I won't be buying

Sent from AutoGuide.com Free App

 

Thanks so much for the feed back. I called them on Friday to find out the cost and I was stuck on the phone for 25 Mins because they wouldn't take "no I'm not buying it today" as an answer. To the point where the finance guy got upset with me lol. I eventually hung up on him when he got rude. Both my parents have had toyota vehicles and never had a problem (13 year old toyota crown). I won't be buying

Sent from AutoGuide.com Free App

I never bought one in my 51 years of ownership until recently. The replacement cost and reliability of the ever increasingly complex electronics has changed my mind.

 

Extended Warranty

RonnyG13, I can tell you I have bought several in the last couple of years (used to believe and still do that they can be a rip off, but) I bought one for 03 4Runner, 05 Tundra. But I bought them from a Toyota dealer out of Philadelphia (I believe he is on TundraSolutions.com) anyway didn't pay more than $850 for either one. I used both and they paid for them selves with one (1) use!!! front strut on 4Runner, Steering rack on 05 Tundra....both expensive fixes. Oh yeah and by the way that was for 7 year 100K warranty.

I just bought an '12 Camry SE V6 and paid $550 for a non deductible 7yr-100K warranty from the dealer...yep from the dealer!!! So it is an negotiation and you can get them from any dealer as long as your car doesn't have more than 36K miles or is older than 36 months....The stuff you are talking about that has a longer warranty on it are some parts of your drive train and your "smog" equipment. Sorry so long, good luck, CSM-H

So it looks like my 3 year factory warranty is about to expire. I contacted toyota motor services and they quoted me about 400 down and 160 a month for 12 months after that for the diamond package. 5 years 100k miles. Is this reasonable or should I talk to my local dealer to see if I can get something more affordable?

Am I allowed to purchase the warranty after my 3 year one expires?

I was under the impression that there is a 10 year factory warranty that covers certain things without me having to pay.

What are your experiences with this?
FYI: this is for my 2012 camry le.

Sent from AutoGuide.com Free App

 

Don't know if it was smart or not but I bought it with the 2013 Camry SE V-6. We had a few issues with our 2002 Highlander, mainly electronic so when they told us how many computers were in use with the new cars plus the intense heat out here bearing down on the dashboard I fell for it. And the prices they now charge are pretty serious for what used to be routine fixes. Plus I was sick haha
NSF

 

To me, extended warranties on almost anything one purchases are definitely hit and miss. Being that my wife and I do not put too many miles on our vehicles (the XLE V6 Camry, now 10 1/12 months old, has about 10,600 miles, whereas the 2005 Mercedes Benz CLK320, now 9 years old, has only 58,500 miles on it), and also we will not be taking any real "extended" trips, the extended warranty would seem to be a waste of money. Of course, if one serious thing goes wrong, after the initial warranty, most of them pay for themselves.

For now (and another year), I still have the factory warranty on the Camry. Two "weird" things did happen to the CLK320 after the initial warranty, but what I paid for them to be fixed is less than I would have paid for an extended warranty.

 

Some dealers will refund the entire cost of the extended warranty if it is not used...
Some dealers will refund a prorated amount of the Extended Warranty not used.

Check into these options...they make the EWs more reasonable.

 

I think the price the op quoted is outrageous. As CSM-H said, the price can be negotiated. I always buy them, but I'm in a relatively unique position. I get it at employee cost, and I get paid to fix anything that breaks. So it's a win-win for me. But for the average consumer, I'd take it for what CSM-H paid, but not for what the op was quoted. It's like any other type of insurance. If you need it, it will probably pay for itself. If not... It's always a gamble.

 

One thing I asked was is this a Toyota warranty!!!! Because my son bought one with his Sequoia that wasn't from Toyota and what a pain in the butt to get something done.
Mine is also transferable
NSF

 

A VERY valid point.

 

I typically NEVER buy them, but I purchased one at the encouragement of a friend who works at the local credit union for a non CPO LS460L that paid for itself in 6 months.

2 leaking air struts and 2 lower control arms and a blower motor ended up totaling 5 grand in repairs.

I dont think I'd get one for the camry though.

 

How does one cash his/hers out without buying another vehicle? I'm at the crossroads to 35k and I really dont see a reason to own it since I am attending auto tech school. To me its tuition money to use until my 2014-2105 FASA kicks in for fall semester.

 

I have purchased 4 new cars in my life (I'm 43) and I've never bought the extended warranty. However, I buy cars/trucks in the $25k range that aren't typically loaded with expensive parts that I am unable to replace myself (I do all my own work other than internal engine/transfer). YMMV.

Sent from AutoGuide.com Free App

 

Wow that IS bad news. I have bought three 100000 mile extended warranties from Jerry and was looking forward to buying more. Lame. Just another reason to hate dealerships.

 

Lame. Just another reason to hate dealerships.

Exactly

 

For the kind of money one can save I guess I'll be flying to Wichita soon. Only $266 rt from where I'm at. I agree that Toyota dealers rape their customers on an extended warranty, Jerry being a very lone exception.

 

Jerry can also make money by packaging the warranties with some weekend packages (throw in some BBQ)...he could drive the tourism economy up for the Hutchinson area. They do host the State Fair there. :smokin:

 

Extended warranties are a waste of money. It's like handing your mechanic $$$$$$ and letting him keep it even if you never see him again. Not too smart, is it?

Had I purchased an extended warranty on every car I purchased, I'd have wasted $20,000.

If you don't trust your Toyota to make it to 100,000 miles, then go buy a Hyundai/Kia since they come with a free 100k mile warranty.

 

Ha yea this isnt accurate at all. IIRC I paid like $650 for the 100,000 mile warranty for my Hybrid XLE and with all the electronic in these cars ASIDE from anything mechanical pretty much any ONE thing going wrong will cost $500. So a one time use would probably pay for itself. Plus, even if it doesnt, Ill get at least a few hundred more when I sell it (which will be under 100k miles) as people LOVE when used cars are still under warranties. And no, Hyundais and Kias do not really come with a 100k mile warranty. Buy one and theyll go over with you all the stuff that "warranty" doesnt cover. Basically its just the power train (which they now advertise in their commercials) and I think most companies have for many years given a 100k mile warranty on the power train. Its just a marketing gimmick from Hyundai and Kia.

 

Never bought an extended warranty for anything in my life so far.

 

I've bought an used countless extended warranties through Best Buy lol

I went through so many Xbox's :lol:

 

Last extended warranty I bought was for Nintendo Gameboy in 1990. It was worthless and a waste of $10.

At least taught me never to waste money on extended warranties ever again.

 

Lol, thats a long time ago.

I got a new expensive TV from Best Buy for free since I bought the extended warranty with when I bought an expensive TV and it broke a couple years later. That $400 paid for itself a few times!

 

Yeah, I got my 1st HD TV in 03 with a 4-yr service/warranty...and the TV died in 3.8 years and the part was no longer available and so got a new TV...and bought another 4 yr contract that I needed to use 3 yrs later...those worked for me quite well...

 

Hahaha that's exactly how mine was too...only a few weeks before it was going to end it went out and couldn't be fixed. Sweet!!! I bought the service contract again too :thumbsup:

 

I would purchase the x-warranty. While I've come out even or ahead on warranties for my American products, I've lost $ on my Japanese products. Still, I'd purchase the warranty, but only a factory warranty.

 

$2000 to get 5 years warranty. That's pricey. If it was a Hyundai Pony, I can understand the high quote, but on a Camry?

I would see if you can get more years for $2000 extended warranty. Like 4 years and 120,000 miles would be worth it. Normally, I'd say it's waste of money, but I think the early 2012 Camry has a weak transmission.

 

Another consideration (in addition to refunds on unused EWs) is the general cost of repairs make/model vs make/model....a luxury make/model will likely have higher repair costs than an econo make/model.

 

If you haven't had to have anything repaired in a while, great, but brother was I shocked with the prices to replace things that use to be not so bad!!
I'm old and don't even pretend to understand cars nowadays, so I bought the warranty
NSF

 

I hear you. But when I had just plunked down $10K cash + $1100 sales tax, that $1520 paper he put under my nose was a no-go. Whew.

Having bought a 60K miles Corolla from them in 2011 (now with 116K), and only doing regular maintenance since then, I really believe they'll last. The foreign auto guy I take it to always says, just do the maintenance; it'll tell you when it needs something.

With all the things he works on, he had bought a 2014 Venza two weeks before I bought my Camry, so I take that as an endorsement.

I DID get a shock last week when I ordered struts for the front and rear of the Corolla last week. Around $400 (full kit with installed springs) + 2 link arms. Then over $200 to install and align. MAN!! And, I got away cheap!!

 

GA, if you do find out who the person used in Baltimore for a Toyota Extended warranty at a competitive price, please share. I just bought a 2014.5 Camry hybrid from Russel Toyota in Catonsville, Md. Got a great deal on the car (below invoice) and the salesman was great. All that changed when I saw the finance manager (had to deal with him even though I was not financing the car) for the tag transfer and to sign the sales papers etc. This piece of shit a hole offered me a Toyota Platinum Extended warranty, not real sure of the time limit or miles as he had all these numbers written down for $3,000. I just looked at him and started to laugh. Told him I know for a fact that Toyota's longest platinum warranty with 0 deductible (believe it is 8 years/125,000 miles)
retails for $1,900. He just looked at me like he didn't hear what I said and asked if I was interested. This is what Toyota Corporate has now created, giving dealers a free hand at charging whatever they want. Jim Lentz is CEO of Toyota US and his email is
Jim_Lentz@Toyota.com. Would be nice to bury him in emails complaining about this and see what happens. Most likely nothing but when I get the chance I am firing one off to him.

 

Will do, winstead! Yea, it really is bad for us consumrs to take away the competition like that. I will do some looking around for the Baltimore guy when I get a chance and post back :thumbsup: