Opinion on extended warranty

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Old 23 Jul 2006, 02:47 pm   #1 (permalink)
cimetiere
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Default Opinion on extended warranty

Hi! i just bought a Camry 2007. Each time I buy a new car, I always wonder
about the famous and costly extended warranty. I would like to get your
views on this. Is it really worthwhile?

many thanks!

Daniel
http://perso.dromadaire.com/cimetiere/psychophilo.html



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Old 23 Jul 2006, 04:03 pm   #2 (permalink)
Mark A
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Default Re: Opinion on extended warranty

"cimetiere" <cimetiere@moncanoe.com> wrote in message
newsmQwg.128$Hq5.66733@wagner.videotron.net...
> Hi! i just bought a Camry 2007. Each time I buy a new car, I always
> wonder
> about the famous and costly extended warranty. I would like to get your
> views on this. Is it really worthwhile?
>
> many thanks!
>
> Daniel


Since you have purchased other cars before, and you know how well you
maintain your car, you should be able to figure out whether it is worth it.
Do the math.


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Old 23 Jul 2006, 04:28 pm   #3 (permalink)
mack
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Default Re: Opinion on extended warranty


"Mark A" <nobody@nowhere.com> wrote in message
news:4fWdnfDbv_KIeV7ZnZ2dnUVZ_qOdnZ2d@comcast.com. ..
> "cimetiere" <cimetiere@moncanoe.com> wrote in message
> newsmQwg.128$Hq5.66733@wagner.videotron.net...
>> Hi! i just bought a Camry 2007. Each time I buy a new car, I always
>> wonder
>> about the famous and costly extended warranty. I would like to get your
>> views on this. Is it really worthwhile?
>>
>> many thanks!
>>
>> Daniel

>
> Since you have purchased other cars before, and you know how well you
> maintain your car, you should be able to figure out whether it is worth
> it. Do the math.

~~~~~~~~~~~~~~~~~~
Oh, I don't know....if automotive longevity always was due to good
maintenance, a lot of people might maintain their cars better. But
sometimes troubles come out of the blue....you might dutifully flush and
adjust your transmission just right and it might still fail unexpectedly.
Same goes for most other parts.
If what you said were true, Barbaro would not have broken his hind leg.
Surely he was "well maintained" yet misfortunes can happen.
I would think that whether a person buys into the extended warranty business
is based on fear of the unknown (costly unknown!) and whether the individual
can write a check for a complex and costly repair or would sooner be covered
for that expense by getting the insurance policy.
I once knew a guy who had a long term extended warranty on his TV, and
figured that he had in fact paid double for the tv, yet never had to have a
service call.
I've been a car owner for at least fifty-five years, and have never had a
faulty transmission or had to replace a radiator, and only one of my cars
ever developed a bad differential, so I might have spent thousands of
dollars insuring against such an expense, It's a crapshoot.


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Old 23 Jul 2006, 07:26 pm   #4 (permalink)
cimetiere
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Default Re: Opinion on extended warranty

thanks Mac. Actually, I am risk averse, that's why I am sensitive to these
possible parts problems!!!! But, at 1300$ for 5 years 60 miles, I will
passs....

"mack" <mackerel@dslextreme.com> wrote in message
news:12c7qg341hod233@corp.supernews.com...
>
> "Mark A" <nobody@nowhere.com> wrote in message
> news:4fWdnfDbv_KIeV7ZnZ2dnUVZ_qOdnZ2d@comcast.com. ..
>> "cimetiere" <cimetiere@moncanoe.com> wrote in message
>> newsmQwg.128$Hq5.66733@wagner.videotron.net...
>>> Hi! i just bought a Camry 2007. Each time I buy a new car, I always
>>> wonder
>>> about the famous and costly extended warranty. I would like to get your
>>> views on this. Is it really worthwhile?
>>>
>>> many thanks!
>>>
>>> Daniel

>>
>> Since you have purchased other cars before, and you know how well you
>> maintain your car, you should be able to figure out whether it is worth
>> it. Do the math.

> ~~~~~~~~~~~~~~~~~~
> Oh, I don't know....if automotive longevity always was due to good
> maintenance, a lot of people might maintain their cars better. But
> sometimes troubles come out of the blue....you might dutifully flush and
> adjust your transmission just right and it might still fail unexpectedly.
> Same goes for most other parts.
> If what you said were true, Barbaro would not have broken his hind leg.
> Surely he was "well maintained" yet misfortunes can happen.
> I would think that whether a person buys into the extended warranty
> business is based on fear of the unknown (costly unknown!) and whether the
> individual can write a check for a complex and costly repair or would
> sooner be covered for that expense by getting the insurance policy.
> I once knew a guy who had a long term extended warranty on his TV, and
> figured that he had in fact paid double for the tv, yet never had to have
> a service call.
> I've been a car owner for at least fifty-five years, and have never had a
> faulty transmission or had to replace a radiator, and only one of my cars
> ever developed a bad differential, so I might have spent thousands of
> dollars insuring against such an expense, It's a crapshoot.
>



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Old 26 Jul 2006, 04:46 pm   #5 (permalink)
ron
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Default Re: Opinion on extended warranty

I have only bought one once in some 45 years of cars. Only reason was
I was buying a rental return - it did pay off. I got it for about
4-500 bucks and wound up having to have whole front end done on
Mercury Sable at about 35k miles. Trans, and all other front end.
With rental car it was about $1500. So it paid

I have never had any other car that had any kind of repair that would
near equal the "extended warranty" cost. A Maxima with trans seal and
it was $600 at 85K miles. So far nothing but brakes on belts on
anything else - usually drive them about 60-70k in 5 or so years.

Ron


--
Posted via a free Usenet account from http://www.teranews.com

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Old 27 Jul 2006, 09:41 am   #6 (permalink)
thunderboomer
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Default Re: Opinion on extended warranty


I talked to a Toyota dealer that I trust. Unfortunately not the dealer
I am purchasing my
TCH from (but that is another story). The dealer I am getting it from
is already bugging me about getting the extended warrenty. The dealer
that I talked to told me to hold off for a year or two. This is to make
sure I will like the car and keep it. A hybrid is a different type of
vehicle. You can purchase the extended warrenty from any dealer as long
as the original warrenty is in place. You have at least 3 years for
that. He told me if the dealer says it will cost more later they are
lying (which I would not put past this dealer since they have pulled
every other dirty salesman trick).

Personally I have never had an extended warrenty and never had repairs
that would come up to the cost. Maybe I am just lucky.

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Old 27 Jul 2006, 05:14 pm   #7 (permalink)
sharx35
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Default Re: Opinion on extended warranty


"thunderboomer" <sshaines@insightbb.com> wrote in message
news:1154011308.157018.23680@m79g2000cwm.googlegro ups.com...
>
> I talked to a Toyota dealer that I trust. Unfortunately not the dealer
> I am purchasing my
> TCH from (but that is another story). The dealer I am getting it from
> is already bugging me about getting the extended warrenty. The dealer
> that I talked to told me to hold off for a year or two. This is to make
> sure I will like the car and keep it. A hybrid is a different type of
> vehicle. You can purchase the extended warrenty from any dealer as long
> as the original warrenty is in place. You have at least 3 years for
> that. He told me if the dealer says it will cost more later they are
> lying (which I would not put past this dealer since they have pulled
> every other dirty salesman trick).
>
> Personally I have never had an extended warrenty and never had repairs
> that would come up to the cost. Maybe I am just lucky.
>


The only extended warranty I've had was on a 1985 Hyundai Pony. It paid off
big time. However, on Toyotas, there is no damn way I'd ever buy an extended
warranty. Only suckers buy them.for Toyotas.



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Old 02 Aug 2006, 11:52 pm   #8 (permalink)
p_man101@hotmail.com
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Default Re: Opinion on extended warranty

Go For IT

I purchased one for my 02 Camry. At first I was skeptical, but I more
than got my money back later, even on the invincible Camry.

Negotiate the hell out of it by the way, you will get a good deal.
Call multiply dealers to get quotes. Normally they finance it at 0%
for a year. Go for the 100,000 top of the line warranty (Platinum I
think).

--Ibrahim


cimetiere wrote:
> Hi! i just bought a Camry 2007. Each time I buy a new car, I always wonder
> about the famous and costly extended warranty. I would like to get your
> views on this. Is it really worthwhile?
>
> many thanks!
>
> Daniel
> http://perso.dromadaire.com/cimetiere/psychophilo.html


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Old 03 Aug 2006, 11:44 pm   #9 (permalink)
sharx35
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Default Re: Opinion on extended warranty


<p_man101@hotmail.com> wrote in message
news:1154580776.085769.231570@p79g2000cwp.googlegr oups.com...
> Go For IT
>
> I purchased one for my 02 Camry. At first I was skeptical, but I more
> than got my money back later, even on the invincible Camry.
>
> Negotiate the hell out of it by the way, you will get a good deal.
> Call multiply dealers to get quotes. Normally they finance it at 0%
> for a year. Go for the 100,000 top of the line warranty (Platinum I
> think).
>
> --Ibrahim


For every buyer who benefits from an extended warranty ON A TOYOTA,
probably at least TEN do NOT benefit. Period. The reason they pressure you
to buy them is that they often make MORE money off them, then they do off of
the vehicle sale.




>
>
> cimetiere wrote:
>> Hi! i just bought a Camry 2007. Each time I buy a new car, I always
>> wonder
>> about the famous and costly extended warranty. I would like to get your
>> views on this. Is it really worthwhile?
>>
>> many thanks!
>>
>> Daniel
>> http://perso.dromadaire.com/cimetiere/psychophilo.html

>



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Old 08 Aug 2006, 12:00 pm   #10 (permalink)
mrv@kluge.net
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Default Re: Opinion on extended warranty

Just remember that in the US, if you want the Toyota Extra Care
(extended warranty backed either by Toyota Financial or whatever the
Southeast/Gulf States Toyota regions use...), you have until the end of
the basic 3 years/36,000 mile new vehicle warranty to decide if you
want to purchase this extended warranty. You do not have to purchase
it with the car, nor from the dealer where you purchased your car or
the dealer where your car is serviced. Dealers are free to set the
extended warranty price to whatever they wish, the published MSRP,
higher, or lower, so do call around to several dealers (and check with
some online suggestions, such as my list for Prius:
http://www.vfaq.net/docs/ExtendedWarranty.html ) to get quotes on the
various plans before buying.

MSRP for Camry and Camry Hybrid:
http://www.toyotafinancial.com/pyv/e...ing_camry.html
http://www.toyotafinancial.com/pyv/e...ry_hybrid.html

Whether it is worth it to you, is mostly a personal decision. Will
having it help with resale value? Will you have self-insured yourself
(have saved money in the bank) to pay for an unexpected repair if you
don't have the extended warranty? Will you worry that you won't be
able to pay for a surprise repair and potential towing and displacement
in the future? It is as much of a peace of mind thing, as it is a
financial (insurance) consideration.

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