Allow me to preface this by saying I have never once been suckered into any of the bogus warranties offered when you buy consumer products, like at Best Buy, etc. I'm never that guy who buys into this stuff and falls for the salesmans swindle.

However, in this case, looking at the raw numbers this seems like a good call to add it for a relatively cheap amount.

Factory warranty is a limited 3 year, 36,000 mile comprehensive, and a limited 5 year, 60,000 mile powertrain. For $1910 I can add 10 year, 100,000 unlimited warranty. Normally I say no, no, and no anytime this stuff is offered, but in this case it actually seems like a good deal. Limited warranty covers building defects only, unlimited covers anything and everything, and the extension of an extra 5 year and 40,000 miles is also very nice. I'm the type who buys a vehicle and uses it until it dies, I had my last truck for over a decade and the only reason I dont still have it was it was totalled.

Any thoughts from anyone with experience?

one transmission 3500 bucks, I say do it, peace of mind. doesn't take long to wrap that up in repair bills.

That sounds cheap to me!

I opted to get it on my 2020 Honda CR-V. It's the touring edition and has tons of gadgets. Figured it could be money well spent. Gives me some peace of mind anyway.

I paid $1,600 to extend my Ford factory warranty to an ESP plan when original ends. It covers almost the same stuff as bumper to bumper for 7yrs/100k but also has a $150 deductible (I think).

For me it's piece of mind for $1,600. If I get to 7 years and 100k with no problems I won't be sad I wasted the money.

Just make sure it's a reputable warranty company, generally the manufacturers extended warranties are the way to go

The prices used to be very negotiable (back when I was in the business). You can shop other dealers for better prices, but stick with the Factory Offered Warranty, if you decide to go that way.

As long as the deductable is low and it covers electronics, then I'd say go for it.

quote:

Originally posted by jimmy123x:
As long as the deductable is low and it covers electronics, then I'd say go for it.

No deductible, offered directly through toyota and not a third party, and able to be used at any dealership nationwide or an ASE certified mechanic.

All in all I appreciate the feedback from everyone. I decided to go with it.

If backed by the factory, it covers electronics and there aren't excessive bullshit exclusions, I'd say that's a fair deal.

You don't say what kind of car you're buying. A maker with a reputation for reliability (e.g., Toyota) is a lot less likely to need the warranty. One with a less than stellar rep (e.g., Stellantis/Chrysler/Jeep), yes, you may very well need it.

It was worthwhile for me; our ‘13’ Outback had a severe oil consumption issue that we addressed near the 100K mark- the end of the warranty period. It covered a brand new factory long block.

quote:

Originally posted by dwd1985:

quote:

Originally posted by jimmy123x:
As long as the deductable is low and it covers electronics, then I'd say go for it.

No deductible, offered directly through toyota and not a third party,

Are you sure? Not a Toyota distributor?

Extended warranty typically start at date of purchase not the end of your factory warranty. Also you can purchase the warranty from any dealership - shop around. I bought my Toyota extended warranty from a dealer in another state from where I bought the car - my dealer could/would not match it.

quote:

Originally posted by BigSwede:

quote:

Originally posted by dwd1985:

quote:

Originally posted by jimmy123x:
As long as the deductable is low and it covers electronics, then I'd say go for it.

No deductible, offered directly through toyota and not a third party,

Are you sure? Not a Toyota distributor?

I asked "This is offered directly through toyota and not a third party?" and was answered yes.

https://www.toyotafinancial.co...vice_agreements.html

Ask them for a copy and read it carefully.
Also realize you can negotiate.

Talk to most people who have an extended warranty, and ask them what it covers and 80% plus will tell you 'bumper to bumper' because that is what they were told. Many are shocked to find they have a very very basic plan (underwritten by a third party) that usually only covers a handful of parts above the basic driveline stuff. Ironically the driveline stuff has quite a lot more coverage by time and mileage, that comes with purchase from the manufacturer. So their basic coverage is rather redundant in many cases. That third party is the arbiter of what's covered, not the factory, not the dealer. So they tell you how the cow ate the cabbage. Many times, they are looking for any excuse to deny coverage. But some are worse than others.

The factory backed extended warranties are the ones you want. Generally the top of the line is the only one that even begins to approach something like 'bumper to bumper' coverage. When you buy a factory extended warranty, most dealers are self authorizing (unless they have had that trust rescinded after an audit or something). For all but some of the largest claims, they need only comply with the factory rules (which they know and are used to).

Factory backed is always the way to go.

Two words: fine print.

Read it and know exactly what you're getting. Know what it really covers and know what could void it.

I have bought an extended warranty on five Fords since 1984. I have never collected a penny. Nothing needed repair. Yet....

One dealership sold me a warranty that was sold by Wells Fargo. I thought it was factory. I don't do business with that dealer anymore.

Most recently, when I buy the factory extended warranty, I have waited until near the end of the standard warranty before purchasing the extended warranty from the Ford web site.

All of the electronics on new cars is scary.

I did have the extended warranty on my Yamaha outboard more than pay for itself.

quote:

Originally posted by jimmy123x:
I asked "This is offered directly through toyota and not a third party?" and was answered yes.

https://www.toyotafinancial.co...vice_agreements.html

I can't speak to all the different manufacturers, but Toyota has had a fantastic extended warranty. All Toyota divisions in North America are owned by Toyota itself except one. The exception is Gulf States Toyota. They sell extended warranties backed by GST, not Toyota proper. Like a wolf in sheeps clothing, their warranties are labeled the same as the Toyota backed stuff (Toyota Extracare etc.). IMO, they represent up to about 95% of the BS potential of any other 3rd party extended warranty. You have been warned.

ETA: GST also installs accessories at the port in Houston. Not just minor stuff but air conditioning (especially on trucks), sunroofs, convertible conversions (subcontracted thru ASC in SoCal), body kits, spoilers, other 'Leroy' packages, etc, etc.

They do this because they make far more money doing it this way instead of ordering these options from the factory. Admittedly, the A/C add on is factory made, but it is nevertheless an add on kit.

There's a reason dealerships push extended warranties.
If they lost money on 'em, they wouldn't be selling them.

quote:

Originally posted by mod29:
There's a reason dealerships push extended warranties.
If they lost money on 'em, they wouldn't be selling them.

I agree in principle. But by that same principle, you shouldn't buy car, home, or life insurance. If insurance companies lost money on them, they wouldnt offer it.