Extended Warranty on a 200

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Dec 29, 2012
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Location
Marietta GA
i am going to pull the trigger and purchase a 2011 200 series with 85k Monday. I will be financing half of the truck, while setting up the loan they asked me if I would like to purchase a bumper to bumper warranty for an additional 2k. This will be good for the life of the loan 48 months.

In everyone's opinion is it good money spent?

Thanks
 
you'll get 50/50 for and against. Is it being offered from a Toyota or Lexus dealer? 48mths/50k miles? If i was going to go for it, it would have to be the platinum warranty from Toyota Financial Services. If it were any other, i wouldn't even consider it.
 
Exactly what @blatant said. It really comes down to your own peace of mind. It seems most on here don't stress too much about the faults that come up, if any ever do. They'll get it taken care of when they can.

So far, I've really only seen the forum discuss some two big items; the radiator and water pump. There have been a few others (t-hose/alternator) but, those two stick out the most.

My opinion: I'd request the dealership takes the 90k mile service since you're so close. If your driving habit have you averaging 15k miles, you'd be on the latter end of these two big failures (145K). So, it truly would be a 50/50.
 
i am going to pull the trigger and purchase a 2011 200 series with 85k Monday. I will be financing half of the truck, while setting up the loan they asked me if I would like to purchase a bumper to bumper warranty for an additional 2k. This will be good for the life of the loan 48 months.

In everyone's opinion is it good money spent?

Thanks

I bought the Toyota platinum VSA on mine. My 2013 had 49k on it, and the 7 year/100k warranty was about $1250. It was peace of mind for me, since I took out a 5 year loan.
 
The only issues I could see you having are, a leaky waterpump, leaky radiator and bad starter contacts. You also might burn up a fuel pump if you make a habit of driving around on empty. Other than those issues, you might be better off saving the $2k you would spend on a warranty.
 
The only issues I could see you having are, a leaky waterpump, leaky radiator and bad starter contacts. You also might burn up a fuel pump if you make a habit of driving around on empty. Other than those issues, you might be better off saving the $2k you would spend on a warranty.

An extended warranty is an insurance policy. The warranty company has actuarial tables on repairs and on average it's a bad bet and you'll lose money, but if you can't afford to absorb a big repair in isolation then you should buy it. While the average total claims for the life of the vehicle might be $1000 and the policy might cost $2000, for every dozen people who never have a single problem there will be an outlier with a $5000 transmission repair or $7000 rear blu-ray player.

I bought the warranty because of the electronics. When the DVD drive in the Nav system in my Acura went out, the dealer wanted $3k to replace it. I didn't have an extended warranty and I balked at the cost (and ended up taking it apart, ordering parts from China, and repairing it myself), but the extended warranty would've paid for itself 2.5x over right there since most people wouldn't have been able to fix it. That vehicle had a lot of sensors that seemed to go bad as well (rear diff sensor, engine oil pressure sensor, two A/C compressor relays, etc) and if I'd bought the extended warranty I probably would have broken even without including that nav system issue. The first week we bought our CPO LC the overhead rear entertainment screen wouldn't shut. The dealer did something to reset the screen position sensor to get it to close properly, but we were told if the problem comes back it would require a new unit (MSRP was $7,000).

If you're the kind of person that keeps the minimum insurance coverage and if someone backs into you in a parking lot you knock out the dent and buff out the scratch yourself then you probably won't (or shouldn't) buy one. If you're going to immediately mod your rig and take it offroad, you might want to save the $ and put it towards some mods instead. But if you keep full comprehensive and collision coverage on your vehicle well after you've paid it off, or if you don't have a $ reserve to handle a big repair if one arises, then you're probably a good candidate.
 
I think that the dash electronics, at least on my 13, represent a single point of failure risk. I have had no issues but if the interface died I would probably replace it and I have never turned the radio or the video aspects on in three years. I do use the phone, nav and vehicle settings aspects. I think the display in front of the steering wheel is tightly bound to the center stack electronics.
 
The electronics are what worry me on the 200, 1k repairs do not concern me. The navigation does bother me because with out it you have no ac no heat, etc.
 

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