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Should I buy an extended warranty on a new Toyota?

  

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When purchasing a vehicle from the Dealership, Is it a good idea to Purchase a 10 year Platinum Service agreement from Toyota Financial Services for $2680?


6 Answers
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As far as the extended warranty that's a judgement call that we can't really make for you. They're usually a waste of money unless you get unlucky and wind up with a huge repair bill on the items covered after the factory warranty expires. The question is do you expect to have $2680 or more in covered repairs, especially since so many things are excluded?


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I don’t know what that is or what it entails


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@imperator Should I purchase a Platinum 10 year Service Agreement from Toyota Financial Services for $2680?


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@imperator This Agreement offers different Coverage Levels (Platinum, Gold, Powertrain). The coverage provided by this Agreement will be provided at the specific Coverage Level You selected and purchased as identified on the Registration Page. Coverage applies only as provided for herein: 1. Platinum Vehicle Service Agreements: ALL MANUFACTURER-ORIGINAL EQUIPMENT PARTS INSTALLED BY THE MANUFACTURER OR YOUR DEALER ARE COVERED UNDER THIS AGREEMENT FOR MECHANICAL FAILURE, UNLESS OTHERWISE EXCLUDED. THE ITEMS LISTED BELOW ARE NOT COVERED BY PLATINUM AGREEMENTS. Accessory Drive Belts; Batteries; Body Panels; Brake Linings, Pads and Shoes, Rotors and Drums; Bumpers; Carpet; Chrome; Clutch Friction Disc and Pressure Plate; Dash Cover and Pad; Door Fabric; Door Trim; Filters; Fluids; Fuel Cell Air Compressor; Fuel Cell Boost Converter; Fuel Cell Electronic Control Unit; Fuel Cell Hydrogen Tanks; Fuel Cell Power Control Unit; Fuel Cell Stack; Fuel Cell Vehicle Battery Pack; Glass (including Windshields); Headliner; Heating Hoses, Lines and Tubes; Hoses; Hybrid Vehicle Battery Pack; Hybrid Vehicle Battery Plug Assembly; Hybrid Vehicle Relay Assembly; Hybrid Vehicle Supply Battery Assembly; Hydrogen Fueling Electronic Control Unit; Interior and Exterior Trim and Moldings (including but not limited to: Ash Trays, Covers, Cup Holders and Vents); Lamps, Light Assemblies/Housings, and Light Bulbs including LEDs; Nuts, Bolts, Clips, Retainers, and Fasteners; Paint; Rust and Corrosion Damage; Seat Covers; Sheet Metals; Shiny Metals; Spark Plugs; Structural Framework and Welds; Tires; Vacuum Hoses, Lines and Tubes; Weather Stripping; Wheels and Rims; Windshield Wiper Blades (Rubber Component); All interior and exterior cloth, leather, and stitching including convertible tops and/or vinyl tops including but not limited to: any vibration deterioration, discoloration, disfigurement, warping, fading, staining, stretching, ripping, punctures, tearing, and/ or scratches.


This post was modified 10 months ago 2 times by danarello
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@imperator It extends the Factory 3 year 36K mile warranty to 10 years, 100K miles.


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You already asked about this in your "Buying a new Toyota" topic. Please note that it is against forum rules rules to ask the same question in multiple topics. Thank you.

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@chucktobias Hello Chuck, I didn't realize I had asked this question in more than one post. In the first post, Mountain Man replied that he didn't know what that was. So I wanted to post the question again hoping someone had a similar experience or opinion about paying for the Toyota Service Agreement, which is to my understanding an Extended Factory Warranty. Apologies! BTW, Would you care to share your opinion?


I'll do the same thing here that I did for the other recent duplicate question in two topics, I'll move the information from the other post here and open up this topic for the new question.


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