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$ Warranty Costs $

Discussion in '2nd Gen. Tacomas (2005-2015)' started by GEARAHOLIC, Nov 30, 2009.

?

what should I do about my warranty?

  1. Stick with warranty I have (6year/75,000/$50)

    15 vote(s)
    62.5%
  2. $1425- 8year/120,000/$50

    1 vote(s)
    4.2%
  3. $1475- 8year/120,000/$0

    3 vote(s)
    12.5%
  4. $915- 7 year/100,000/$50

    2 vote(s)
    8.3%
  5. $965- 7 year/100,000/$0

    3 vote(s)
    12.5%
  1. Nov 30, 2009 at 9:17 PM
    #1
    GEARAHOLIC

    GEARAHOLIC [OP] Well-Known Member

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    KELLEN
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    When I bought the truck in 2007 I added on to the financing $1495 for the 6 year/75,000/$50 warranty.

    I am planning on keeping the truck forever, so I called the dealer about extending the warranty even longer. They can't do it. I can cancle the warranty I have now and toyota will prorate it and send some of the money I paid back to the lender. (They did not know how to calculate how much this would be.) If I cancel the 6 year/75,000 I have now I would buy either:

    $1425 8 year/120,000/$50 deduct.
    $1475 8 year/120,000/$0 deduct.

    $915 7 year/100,000/$50 deduct.
    $965 7 year/100,000/$0 deduct.

    I have 34,000 miles on the truck now. I drive it about 15,000 miles a year.

    What should I do? Keep the warranty I have now that I will use up in about 2.5 years when I hit 75,000 miles & let it ride OR should I cancel it and buy a longer warranty?

    Thanks for all in-put
     
  2. Nov 30, 2009 at 9:35 PM
    #2
    GEARAHOLIC

    GEARAHOLIC [OP] Well-Known Member

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    anyone!?
     
  3. Nov 30, 2009 at 10:26 PM
    #3
    LEBM

    LEBM Thread Killer

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    Who would you buy the longer warranty from?

    I bought an '09 with the extended, but that was because it was offered to be for $400 only, so I couldn't pass it up. Otherwise, I would not have got it. Look at the '05 and '06 model years... what kind of problems are they having as they get older and high mileage? Toyota doesn't really seem to suffer from mechanical issues (unless I'm missing something... research this) which is why we buy Toyotas, but are there computer issues? Those could get expensive.

    Personally, if I didn't see any of the above out there that are consistent issues, I would roll the dice and not get a longer warranty. That's money you'll never get back if you don't use it.
     
  4. Nov 30, 2009 at 10:40 PM
    #4
    GEARAHOLIC

    GEARAHOLIC [OP] Well-Known Member

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    We are talking strictly about toyota factory warranty here. Actually you can get your money back...if you pay an extra $250 you get the money back guarantee...meaning if you dont use the warranty at all you get all the money back (premium) minus the $250
     
  5. Nov 30, 2009 at 10:49 PM
    #5
    Yoytoda

    Yoytoda The Little Truck That Could

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    I would choose to keep what you have. I bought my Tacoma because of the track record of reliability. I havent heard of major issues. Its not as pricey for repairs as the commercials make it out to be.

    Ex. one of those commercials said that it would cost over 2,000 to replace a rear end. You can buy an ARB locker and get it installed for $1200 or a new ring and pinion installed for $500.

    They also said once that a new tranny cost $3500 when AAMCO will rebuild a tranny for $1000 w/ a warrantee that the tranny will be solid.

    Chances are the Tacoma wont have a serious problem (knock on wood) and the chances of more than one major repair needed is less likely. The cost of the warrantee will be the same as one major problem and there is a posibility that the warrantee company will close down or refuse to cover claiming its your fault. My paranoid POV only though.
     
  6. Nov 30, 2009 at 10:54 PM
    #6
    LEBM

    LEBM Thread Killer

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    I see where the peace of mind comes into play here a bit, but look at what you typed... "if you pay...you get the money back...". That just doesn't sit well with me!

    Again, just my $.02. I am obviously anti-extended warranty, for the most part.
     
  7. Dec 1, 2009 at 5:02 AM
    #7
    Blackened Taco

    Blackened Taco Well-Known Member

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    The 50.00 deductable is a gold plan, the 0 deductable is a platinum plan. The platinum plan covers things the gold plan will not. Such as a radio for one example. Step up and get the platinum plan, covers more and has no deductable.
     
  8. Dec 1, 2009 at 12:14 PM
    #8
    steviestyles

    steviestyles The "Search" tab is your friend!!

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    Get your extended warranty from Troy Dietrich of Greenfield Toyota. He charges almost half of what you listed. As long as your under 36K, you can get a Toyota factory warranty from him. I paid like $830 for a 6yr/100K mi $0 decuctible from him.


    As another poster said...it's stupid to pay to get money back...wtf. If that's the case stick with what you have. If you haven't had any oustanding issuesw with your truck so far, chances are your truck will be fine if you take care of it.
     
  9. Dec 1, 2009 at 12:39 PM
    #9
    yosh2000

    yosh2000 Well-Known Member

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    x2, when i get a new truck, this is where i will go!!
     
  10. Dec 1, 2009 at 1:12 PM
    #10
    jamesjech

    jamesjech Member

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    I bought a warranty from Warranty Gold, recommended by my trusted mechanic, for my '98 M3 years ago for $2K. Paid upfront to minimize any financial charges. Warranty Gold went out of business 3 months later. If you're going to buy a warranty... pay the extra finance charges to pay out on a monthly basis JIC they go out of business. Toyota will, of course, most likely be around so a warranty from them should last over time.
     
  11. Dec 1, 2009 at 1:16 PM
    #11
    Incognito

    Incognito μολὼν λαβέ

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    I'd go with the 7 year, 100,000 with a $50 deductible...
     
  12. Dec 1, 2009 at 1:38 PM
    #12
    Blackened Taco

    Blackened Taco Well-Known Member

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    That is exactly why alot of dealerships do not take any AFTERMARKET warranties. Stick to factory warranties.
     
  13. Dec 1, 2009 at 1:43 PM
    #13
    rachunter

    rachunter Well-Known Member

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    I had many, many years in the auto business. Trust me...
    Never buy extended warranties they are never a good buy.

    I know many will disagree but I promise you if you know someone that works in the industry ask them if they purchase extra warranties for their vehicles.... 100% of them will say no, there is a reason for that.
     
  14. Dec 1, 2009 at 3:56 PM
    #14
    Simon's Mom

    Simon's Mom Wag More Bark Less

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    The pro-rate plus admin cost may negate any savings. They start pro-rating from day 1 even before the truck's original warranty is up.
     
  15. Dec 1, 2009 at 4:48 PM
    #15
    GT150

    GT150 Well-Known Member

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    Ok if you can get money back from not using the extended warranty when does it start?............When you purchase the truck or after the 3 year 36 month is over?

    Mike
     
  16. Dec 1, 2009 at 7:35 PM
    #16
    GEARAHOLIC

    GEARAHOLIC [OP] Well-Known Member

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    I know of troy and I would consider using him...The prices I listed are eaxtly $100 over the dealers cost....which is a smoking deal because usually they charge close to double... troys prices are great but not much cheaper than what I have listed
     
  17. Dec 1, 2009 at 7:36 PM
    #17
    GEARAHOLIC

    GEARAHOLIC [OP] Well-Known Member

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    sounds like I will just be sticking with what I have, not dealing with the hassels of pro-ration and not waste money on buying another warranty. Thanks guys for all the advice!
     
  18. Dec 1, 2009 at 7:38 PM
    #18
    SlurpeeBlueMetallic

    SlurpeeBlueMetallic FFFFFFUUUUUUUUUUUUUUU...

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    I got a lower quote from Jerry Johnson with Midwest Toyota (jerryj@MidwestSuperstore.com) as compared to Troy. here's what Jerry sent me a couple of months back:

    7-yr/100k/$0 Platinum $789.00
    7-yr/125k/$0 Platinum $1,009.00
    8-yr/125k/$0 Platinum $1,234.00
     
  19. Dec 1, 2009 at 7:45 PM
    #19
    Simon's Mom

    Simon's Mom Wag More Bark Less

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    Was that for a pre-runner? I believe the 4x4 rate is more expensive. I think both gentlemen are comparable though.

    Troy is just up my way within driving distance. 7/100/0 platinum 4x4 $945 with a $75 rewards rebate for toyota parts/service.
     
  20. Dec 1, 2009 at 7:49 PM
    #20
    SlurpeeBlueMetallic

    SlurpeeBlueMetallic FFFFFFUUUUUUUUUUUUUUU...

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    Yep, Prerunner. My first quote was from Troy (each level about $90-$110 more than Jerry). Then I got Jerry's quote and mentioned it during my talk with Troy... Troy immediately matched them.
     
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