Matrix Reliability - Extended Warranty Necessary?
Recently bought a Toyota Certified 2006 Matrix XR with 19K miles. What has been your experience with this vehicle's reliability. Certified vehicles offer a seemingly great ext war covering the car w/ essentially 'wraparound' coverage for 7 yrs/100K miles for about $1,500. Is it really necessary with these cars or better to do without?
This discussion has been closed.
7 yr/100K: $745
7 yr/75K: $520
6 yr/100K: $635
With the year and miles on your new car, I'd imagine you'd be a little cheaper. His name is Neil Hull and number is 800.228.8559. I called, he's legitimate. Good luck.
Check with Troy at Toyota of Greenfield (Mass) for a good price, I have no affiliation w/ them etc but got one on our Tacoma from him.
Any thoughts about the pitch?
First of all your buying something thats not tangible. They are certainly getting hefty commissions to push these non tangibles. Sewell Cadillac here in Dallas will no longer honor the extended warranties other than GMAC. They cite no pay and or the risk of these companies going belly up. I now have to see if and when Warranty Direct will pay up, they haven't returned my calls. Now I see Sewells point.
You just have to learn to say NO. Then too they make money selling you car note to some finance company. Go to lending tree dot com and see what your interest rate really is. I saves $40 times 60 payments just by walking out and getting a quote. They soon after matched that quote and I will have saved $2400.
If your insurance company will pay for the Lo Jack and only then is that worth it. Get what your paying for.
I am currently thinking of buying a 2009 XRS , 5 speed auto but based on the info on another forum here at Edmunds I am not sure what to do. the forum is dealing with a faulty trans. So, if your car is one of the unlucky ones with this trans - I think you may want to consider the warranty
Dont get the extended and dont get the matrix. Both are a joke. Sell your car and go to honda now, before everyone else realizes that the car is a lemon. Dont want to be stuck with a car equal to that of a Dodge Carvan.
We have a Toyota xt svc contract on our '05 Matrix, bought CPOd. So far (16 months, it's paid for a new belt tensioner & belt, about 25% of the cost of the contract). It was very easy dealing with that compared to WarrantyDirect/INDS and their nickel&diming runarounds.
In general I no longer think these are worth it esp. from 3d parties (not the vehicle mfr.).
NEVER buy the extended warranty. The sales person makes a bigger commission on the warranty than the car, same with the dealer. They have lots of loop holes in them. Also they seem to go out of business in a few years. This is a very sleazy area of the retail auto business.