extended warranty... yes/no? - Page 2 - Toyota Yaris Forums

PreciousPups4U · 10-20-2008, 12:08 PM

I have never purchased gap, but then I always put down a substantial down payment. At least that's the way I understand it. I figure it should still pay off the car no problem. It has never even been offered to me.

I did get the extended warranty (probably should have passed on it), but we keep cars forever. Did not get it on husbands though because that dealership offers lifetime powertrain warranties. That would be the only reason I'd consider trading mine, to get the lifetime warranty from that dealership. I did get a better price so hopefully it's worth it.

swidd · 10-20-2008, 03:21 AM

I mailed in the cancellation of the extended warranty and had the money refunded applied to the principle. I drive somewhat carefully, and don't think anything will fail before $100,000 that will cost more to replace than the cost of the warranty.

Remember, very smart mathematicians at Toyota have worked with the engineers and calculated the likely time of failure of every part on the Yaris. The warranty policies are designed accordingly, to make sure that Toyota makes a profit on the warranty program. When they say $1600, or more typically $800, will cover cost of repairs to $100,000, assume you'll spend less than half by yourself.

I think there's people on this site who've driven past 150,000 miles, and only done oil change, tires and brakes and fluid replacements (standard maintenance that isn't covered by the warranty anyway).

natethegreat38 · 10-20-2008, 03:51 AM

Quote:

Originally Posted by TinyGiant

we were talking on this a little..

i paid 1600 for the warranty and have another 30 days to decide if i want to dump it and get the money back...

long story short.. we had a vote here it ended 20 said get your money back and like 9(i think it was 9?) said keep it you could need it

I'm quite sure i'm going to call this week and tell them to refund it ..

but i had another thought too :) I think when i tell them to refund it I am going to get them to refund some of it and let me spend some of the funds on getting some stuff installed on the car.. I was thinking i would get some prices on things.. like keyless entry, that back bumper protector and maybe the fog lights.. that way they can take the funds and it will be on my car payment rather than out of my pocket :) And they would be more likely to give me less of a hassle since some of the money will be staying there..

and i have a coupon for 10% off accessories i wont mention until they start doing the the work :)

if you want, PM me...I DIDN'T used to work for Toyota Motor Corp, (wink wink) and I DIDN'T learn anything about the extended warranty (wink wink)

TinyGiant · 10-20-2008, 08:33 AM

lol.. i don't think i'll have an issue :)

i'll call today

TinyGiant · 10-20-2008, 12:08 PM

i had been without a car payment for 6 years.. but decided it was time for a new ride.. :)

Mikeb Yaris · 10-20-2008, 02:39 PM

Gap is not a bad deal, but it is a BETTER deal on cars that lose value at a higher rate than any Toyo/Honda product. That said, I picked it up cause it was cheap when spread out over the length of the loan. I did not buy an extended warranty, but I must admit I struggled.

Extended warranty on "basic" cars is not a good deal. However, when you start adding gadgets to a car, warranty coverage on the gadgets can be quite handy. For instance, I have had probably ten cars with power windows and not one of them went the duration without several of the windows failing. Most recently a 2000 Durango - intermittant operation of rear windows, 91 Camry no operation of rear windows and intermittant operation of passenger window, 97 Sentra no operation of rear windows, 97 Suburban no operation of one rear window and power seat went out, 97 Bonneville no operation of one rear window.

On the Suburban, I purchased a warranty which covered the window AND the failed power Driver's seat. Paid for the warranty twice over if memory serves.

If you have power options, the warranty may or may not pay off. If you have no power options, the warranty is a HUGE waste of money. FWIW

TinyGiant · 10-20-2008, 02:45 PM

i do have the power package.. but the whole power door system can be purchased on ebay for far less than the dealer would charge for it .. and i could probably handle fixing it :)

i'm dropping the warranty.. lol i've called twice today.. and left messages.. might have to go pay them a visit..

Mikeb Yaris · 10-20-2008, 02:47 PM

I imagine if I bought a camry with navigation and such, I'd buy a warranty. And, I'd probably buy one if I bought a hybrid. I still don't trust the technology.

TinyGiant · 10-20-2008, 02:48 PM

yeah for sure with the hybrid. they seem to have issues.. and any issue is not cheap.

i have worries about when the hybrids get junked.. isnt there like 80lbs of lithuim in them or something.. not the best thing for the environment

Mikeb Yaris · 10-20-2008, 05:19 PM

Quote:

Originally Posted by TinyGiant

yeah for sure with the hybrid. they seem to have issues.. and any issue is not cheap.

i have worries about when the hybrids get junked.. isnt there like 80lbs of lithuim in them or something.. not the best thing for the environment

And don't forget the damage to the environment just in manufacturing all these batteries, from the mines to the shipping to the disposing....batteries = bad and I object in principle.

IsLNdbOi · 10-20-2008, 04:16 PM

Well, I went back to my dealer today and added GAP for an additional $8 a month on my payments.

Mikeb made a good point about power windows and locks going bad and the extended warranty covering those. Now he's got me thinking that maybe I should get the warranty.

Mikeb Yaris · 10-20-2008, 05:24 PM

Quote:

Originally Posted by IsLNdbOi

Well, I went back to my dealer today and added GAP for an additional $8 a month on my payments.

Mikeb made a good point about power windows and locks going bad and the extended warranty covering those. Now he's got me thinking that maybe I should get the warranty.

Like I said, I reallllly struggled. I am still not sure I made the right gamble, so - as if anyone needs my approval - if you have a power package and you buy a warranty, you won't hear any objections from me. It's a crap shoot. The bottom line is that your power windows WILL break. The gamble is whether or not your extended warrantee will still be in effect when it happens. Take it from me - nothing more frustrating than driving a good looking five year old car that the windows don't work on!! So much for saving money by not running the AC!

I used to sell electronics and appliances. We ALWAYS made more money on the warantees than the product (commission). I wonder if it is the same with vehicle warrantees?

TinyGiant · 10-20-2008, 08:01 PM

i went back to the dealer today and got my 1690 refund :)

you can purchase extended warranties outside of the dealer too :) for far less if you wanted.

Carrot Top · 10-20-2008, 08:14 PM

We bought the extended warranty ($2000.00 for the 200,000km (124,274 miles)warranty) cause we hope to have the car in 10 years and because we do a lot of highway miles, so far after 6 months we have 14,000 kms (8,699 miles) on it. Having said that, my husband noticed that a few scheduled maintenance, cost $200.00+. He thinks that if you are maintaining the car (which he really didn't do with our other cars!!) you don't need the warranty. So you never know. All the warranties we paid for over the years, we really never got our money's worth. I guess it all depends on how long you want to have the car for.

TinyGiant · 10-20-2008, 10:20 PM

the F&I guy screwed up and thought i had 90 days to dump it but i only had 30 days .. so it only refunded 1609 to the account and they have to mail me a check for $80

so Garm or Rockland Toyota will be getting that :)

I need a rear bumper protector (to save the bumper from our dog that jumps in and out of the car a few times a week :)

TinyGiant · 12-08-2008, 05:02 PM

update:

i just recieved my refund...

they ended up applying it to the loan in a way that if i wanted to i would need to make payments again until june lol...

i'll still make them though

TinyGiant · 12-08-2008, 05:06 PM

so not only will i make payments for the next 6mo even though i dont have to... it will be 6months without interest deducted from my payments.. so i get to pay off like 1800$ of the principle in 6 months.. more if i feel like paying into it a little more durring some months.. that will knock me down to only owing like 13k by the start of the summer

Pitt Yaris · 12-27-2008, 08:51 PM

don't wanna ttt this, but i have an extended warranty. *some company in florida* will check to get the exact name. got it october 5th and spent $680 for 7 years/70,000 miles, but i'm thinking about going back and getting a pro-rated refund towards the loan.

10-20-2008, 12:08 PM	#1
PreciousPups4U I really LOVE this car!!! View User's Garage Drives: 08 Bayou Blue LB AT Join Date: Oct 2008 Location: Lexington, SC USA Posts: 887	I have never purchased gap, but then I always put down a substantial down payment. At least that's the way I understand it. I figure it should still pay off the car no problem. It has never even been offered to me. I did get the extended warranty (probably should have passed on it), but we keep cars forever. Did not get it on husbands though because that dealership offers lifetime powertrain warranties. That would be the only reason I'd consider trading mine, to get the lifetime warranty from that dealership. I did get a better price so hopefully it's worth it. __________________ Cindy “If there are no dogs in Heaven, then when I die I want to go where they went.” - Will Rogers

10-20-2008, 08:33 AM	#4
TinyGiant Tiny Giant Clothing View User's Garage Drives: 2008 Blazing Blue Yaris 3D LB Join Date: Oct 2008 Location: Rochester, NH Posts: 3,394	lol.. i don't think i'll have an issue :) i'll call today __________________ Sold the yaris... rocking an 89 vw cabriolet now :)

10-20-2008, 12:08 PM	#5
TinyGiant Tiny Giant Clothing View User's Garage Drives: 2008 Blazing Blue Yaris 3D LB Join Date: Oct 2008 Location: Rochester, NH Posts: 3,394	i had been without a car payment for 6 years.. but decided it was time for a new ride.. :) __________________ Sold the yaris... rocking an 89 vw cabriolet now :)

10-20-2008, 02:45 PM	#7
TinyGiant Tiny Giant Clothing View User's Garage Drives: 2008 Blazing Blue Yaris 3D LB Join Date: Oct 2008 Location: Rochester, NH Posts: 3,394	i do have the power package.. but the whole power door system can be purchased on ebay for far less than the dealer would charge for it .. and i could probably handle fixing it :) i'm dropping the warranty.. lol i've called twice today.. and left messages.. might have to go pay them a visit.. __________________ Sold the yaris... rocking an 89 vw cabriolet now :)

10-20-2008, 02:48 PM	#9
TinyGiant Tiny Giant Clothing View User's Garage Drives: 2008 Blazing Blue Yaris 3D LB Join Date: Oct 2008 Location: Rochester, NH Posts: 3,394	yeah for sure with the hybrid. they seem to have issues.. and any issue is not cheap. i have worries about when the hybrids get junked.. isnt there like 80lbs of lithuim in them or something.. not the best thing for the environment __________________ Sold the yaris... rocking an 89 vw cabriolet now :)

10-20-2008, 03:21 AM	#2
swidd Drives: Yaris HB Join Date: Jul 2007 Location: Central Alabama, GOD BLESS AMERICA Posts: 755	I mailed in the cancellation of the extended warranty and had the money refunded applied to the principle. I drive somewhat carefully, and don't think anything will fail before $100,000 that will cost more to replace than the cost of the warranty. Remember, very smart mathematicians at Toyota have worked with the engineers and calculated the likely time of failure of every part on the Yaris. The warranty policies are designed accordingly, to make sure that Toyota makes a profit on the warranty program. When they say $1600, or more typically $800, will cover cost of repairs to $100,000, assume you'll spend less than half by yourself. I think there's people on this site who've driven past 150,000 miles, and only done oil change, tires and brakes and fluid replacements (standard maintenance that isn't covered by the warranty anyway).

10-20-2008, 02:39 PM	#6
Mikeb Yaris Drives: 08 Sedan Base Auto/PWR BLK Join Date: Oct 2008 Location: Illinois Posts: 58	Gap is not a bad deal, but it is a BETTER deal on cars that lose value at a higher rate than any Toyo/Honda product. That said, I picked it up cause it was cheap when spread out over the length of the loan. I did not buy an extended warranty, but I must admit I struggled. Extended warranty on "basic" cars is not a good deal. However, when you start adding gadgets to a car, warranty coverage on the gadgets can be quite handy. For instance, I have had probably ten cars with power windows and not one of them went the duration without several of the windows failing. Most recently a 2000 Durango - intermittant operation of rear windows, 91 Camry no operation of rear windows and intermittant operation of passenger window, 97 Sentra no operation of rear windows, 97 Suburban no operation of one rear window and power seat went out, 97 Bonneville no operation of one rear window. On the Suburban, I purchased a warranty which covered the window AND the failed power Driver's seat. Paid for the warranty twice over if memory serves. If you have power options, the warranty may or may not pay off. If you have no power options, the warranty is a HUGE waste of money. FWIW

10-20-2008, 02:47 PM	#8
Mikeb Yaris Drives: 08 Sedan Base Auto/PWR BLK Join Date: Oct 2008 Location: Illinois Posts: 58	I imagine if I bought a camry with navigation and such, I'd buy a warranty. And, I'd probably buy one if I bought a hybrid. I still don't trust the technology.

10-20-2008, 04:16 PM	#11
IsLNdbOi Drives: Polar White - 5 Door '09 LB Join Date: Aug 2006 Location: Las Vegas, NV Posts: 1,285	Well, I went back to my dealer today and added GAP for an additional $8 a month on my payments. Mikeb made a good point about power windows and locks going bad and the extended warranty covering those. Now he's got me thinking that maybe I should get the warranty.

10-20-2008, 08:01 PM	#13
TinyGiant Tiny Giant Clothing View User's Garage Drives: 2008 Blazing Blue Yaris 3D LB Join Date: Oct 2008 Location: Rochester, NH Posts: 3,394	i went back to the dealer today and got my 1690 refund :) you can purchase extended warranties outside of the dealer too :) for far less if you wanted. __________________ Sold the yaris... rocking an 89 vw cabriolet now :)

10-20-2008, 08:14 PM	#14
Carrot Top Drives: 2008 Copper Orange LE HB Join Date: Oct 2008 Location: Toronto, Ontario CANADA Posts: 46	We bought the extended warranty ($2000.00 for the 200,000km (124,274 miles)warranty) cause we hope to have the car in 10 years and because we do a lot of highway miles, so far after 6 months we have 14,000 kms (8,699 miles) on it. Having said that, my husband noticed that a few scheduled maintenance, cost $200.00+. He thinks that if you are maintaining the car (which he really didn't do with our other cars!!) you don't need the warranty. So you never know. All the warranties we paid for over the years, we really never got our money's worth. I guess it all depends on how long you want to have the car for. __________________ The YARIS is the REAL Smart car !

10-20-2008, 10:20 PM	#15
TinyGiant Tiny Giant Clothing View User's Garage Drives: 2008 Blazing Blue Yaris 3D LB Join Date: Oct 2008 Location: Rochester, NH Posts: 3,394	the F&I guy screwed up and thought i had 90 days to dump it but i only had 30 days .. so it only refunded 1609 to the account and they have to mail me a check for $80 so Garm or Rockland Toyota will be getting that :) I need a rear bumper protector (to save the bumper from our dog that jumps in and out of the car a few times a week :) __________________ Sold the yaris... rocking an 89 vw cabriolet now :)

12-08-2008, 05:02 PM	#16
TinyGiant Tiny Giant Clothing View User's Garage Drives: 2008 Blazing Blue Yaris 3D LB Join Date: Oct 2008 Location: Rochester, NH Posts: 3,394	update: i just recieved my refund... they ended up applying it to the loan in a way that if i wanted to i would need to make payments again until june lol... i'll still make them though __________________ Sold the yaris... rocking an 89 vw cabriolet now :)

12-08-2008, 05:06 PM	#17
TinyGiant Tiny Giant Clothing View User's Garage Drives: 2008 Blazing Blue Yaris 3D LB Join Date: Oct 2008 Location: Rochester, NH Posts: 3,394	so not only will i make payments for the next 6mo even though i dont have to... it will be 6months without interest deducted from my payments.. so i get to pay off like 1800$ of the principle in 6 months.. more if i feel like paying into it a little more durring some months.. that will knock me down to only owing like 13k by the start of the summer __________________ Sold the yaris... rocking an 89 vw cabriolet now :)

12-27-2008, 08:51 PM	#18
Pitt Yaris Drives: Flint Mica Sedan Join Date: Oct 2008 Location: Pittsburgh Posts: 475	don't wanna ttt this, but i have an extended warranty. some company in florida will check to get the exact name. got it october 5th and spent $680 for 7 years/70,000 miles, but i'm thinking about going back and getting a pro-rated refund towards the loan.

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