Extended Warrantys

I just bought a new 2015 Tacoma TRD Sport 4x4. I had extremely high pressure to buy the extended warranty. I felt bullied. Are these really necessary or just a waist of money?

 

Waste of money for the most part but a few people have got their moneys worth. I would gamble without one IMO.

 

I took it on mine. Good piece of mind for extra couple bucks a month

 

you can always get it, and if you decide you dont want it a year later, go back to the dealer and request to get your money back

 

I bought mine 900.00 for 7 years 100,000 miles

 

Dealers apply high pressure because they stand to make more money on the extended warranty than on the vehicle itself. Hell, I originally got my truck on a 3-year lease, and the dealer was pushing hard to sell me the extended warranty.

The extended warranty is underwritten by Toyota's insurance arm, so it's more like repair insurance than a real warranty. Just like insurance premiums, on average the cost of repairs you incur would be less than the cost of the warranty.