I was reading MotorTrend I believe and their long term car is running them about $600 a year in maintenance so far.Anyone done the math on service plans? Based on suggested maintenance, I wonder what it would actually cost.
I did the same thing when I purchased my extended warranty. A few weeks after I purchased it I decided to cancel it. I got all my money back since I was in the grace period for refunds before it goes down based on miles/time. My return went straight to Toyota finance as a nice principal payment on that carI purchased my 2021 3.0 Premium last month and added the extended warranty to 75k for $3500 through Toyota. I am sure this may have been asked before but have people had issues past the manufacturerâs 36k warranty? I have a few more days before I can cancel the extended warranty and get my money back. I am trying to decide it it is worth the money. $3500 seems like a lot for around another 40k miles. Also, I am wondering if people have had issues with getting things covered under the warranty. Thanks
I am glad I asked this group when I did. I should have done some research before I bought it regarding the extended warranty because they definitely sold me high on it. I managed to go into the dealership the other day and canceled it. Of course the guy wasn't too excited to have me sign the paperwork but who cares.I did the same thing when I purchased my extended warranty. A few weeks after I purchased it I decided to cancel it. I got all my money back since I was in the grace period for refunds before it goes down based on miles/time. My return went straight to Toyota finance as a nice principal payment on that car
If you want to cancel and get a refund, look at the warranty contract. All I had to do was sign a letter with the date and current milage along with the original contract. Mailed it in and got my refund within a week.
So the maintenance plan is well worth it as well then? Jennifer is such a godsend.I was reading MotorTrend I believe and their long term car is running them about $600 a year in maintenance so far.
I bet he took his sweet arse time tooI am glad I asked this group when I did. I should have done some research before I bought it regarding the extended warranty because they definitely sold me high on it. I managed to go into the dealership the other day and canceled it. Of course the guy wasn't too excited to have me sign the paperwork but who cares.
Yikes. I had a 2014 BMW 535d prior to this and the A/C went out at around 40k miles. It was still under warranty and they fixed it. Total cost was around $5k that I would have to pay out of pocket. At around 45k miles, the electronic lock mechanism on my driver side door started malfunctioning and they fixed it under warranty. That would have been another $1k out of pocket. Bimmers are notorious for their electronics having issues so the piece of mind for an extended warranty is worth it IMO. Plus the price at which Jennifer is offering is amazing.I went with the 10/125 plan through Jennifer and it was super easy.
Personally, Iâd rather pay a known amount up front vs chancing it all the way to 125K miles. I was thinking about it for a while but made my mind up when the dealer had to replace the electric power steering rack under 5K miles. I watched the tow truck leave with my 2021 MKV and walked back into the house to give Jennifer a call. ?
Everyone has their own risk tolerance and opinion so do whatever best suits you and your expected future cash flows.
Good luck!
How much was the 10/125k plan thru Jennifer? Is it worth having the dealership you purchased from match or does it not matter who originates it?I went with the 10/125 plan through Jennifer and it was super easy.
Personally, Iâd rather pay a known amount up front vs chancing it all the way to 125K miles. I was thinking about it for a while but made my mind up when the dealer had to replace the electric power steering rack under 5K miles. I watched the tow truck leave with my 2021 MKV and walked back into the house to give Jennifer a call. ?
Everyone has their own risk tolerance and opinion so do whatever best suits you and your expected future cash flows.
Good luck!
I want to say it was a little over $3K.How much was the 10/125k plan thru Jennifer? Is it worth having the dealership you purchased from match or does it not matter who originates it?
I appreciate the response. Super useful and informative!I want to say it was a little over $3K.
TLDR: I wouldnât bother asking the local dealer to match the price.
Way too detailed versionâŠ
You can ask your local dealership for their best price but itâs doubtful theyâd get close. I negotiate a lot of car deals for families & friends and always advise them to buy discounted extended warranties through other dealers after years of trying to beat local dealers down on price (itâs easy to find dealers for Toyota, Honda,âŠby scanning ownerâs sites like this one).
On my personal cars, I usually give the local dealer a shot (since I donât have anyone else waiting on me to negotiate their deal) but Iâve never gotten one close to the prices I can find through dealers mentioned on the enthusiast websites.
PS as long as you buya Toyota extended warranty from aToyota dealer, it doesnât matter where theyâre located. Iâve bough Acura & Honda warranties through Hyannis Honda and My Supra warranty from Jennifer without issue.
I would double check with whoever you want to buy your extended warranty from, but pretty sure a Toyota extended warranty just needs to be purchased before the original 3/36 basic warranty expires. If youâre buying through someone like Jennifer, Iâm pretty sure the price is the same throughout the basic warranty period.I appreciate the response. Super useful and informative!
One follow up question: how quickly after purchase of the vehicle can you buy the warranty does it have to be negotiated/pre-planned at signing?