Toyota Extra Care Extended Warranty

[tomato]

Originally Posted by mryaris

Yep.....I agree 100%. An extended warranty on a Toyota or Honda, et. al, is a sucker bet and not worth the money you'll pay for it (unless it is free).

I had this discussion with the sales manager when I bought my Yaris. I told him that it makes little to no sense for me to pay "X" dollars for a warranty that covers me from 36,000 miles to 100,000 miles when the car is just getting broken in at 100,000 miles. A more worthy plan would be up to 150,000 miles. He laughed and said that'll never happen.

Anywho......much like the two drink minimum at the strip club, an extended warranty only serves one purpose......to increase the profit or bottom line for the dealership. Most will get half of whatever they charge the customer back in their pocket after the sale is complete. The dealership I bought my car from actually owns the warranty company, so they get all the money. They quoted me $2270 for this warranty........that's 17% of what I paid for teh car ($13,200).

I did my own little cost-benefit analysis and determined that the liklihood of my little Yaris needing almost $2300 worth of work (upwards of $4000, if you include interest, etc. since it is rolled into the loan) is slim, so therefore the cost of the warranty far exceeds any real benefit I would ever receive.

I know everyone has their own opinions about this.....if you feel more comfortable having some sort of warranty, then get it. I, myself, will never spend the money for one......like jambo101, I will fix whatever breaks myself....if and when that happens.

Well, that's a good point, too! I posted a thread a while back called "should I get the extended warranty'

http://www.yarisworld.com/forums/sho...ended+warranty

and the majority of people said pretty much exactly the same thing. Funny you should mention 17%, that's exactly how much the extended warranty / service contract was going to cost me. I might have paid, but a close look at all the exclusions gave me some pause.

I guess what the OP is selling is a bit different, though, IDK.