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I took delivery of a new 09 TCH yesterday. Of course the dealer brought up the issue of ext warranty. He gave me his prices, which he claims was about 20% less than MSRP. (Toyota Platinum). I told him the quotes I received from Midwest, which were approx 40-50% less than his prices. I would have bought it from him had he come close, but he said he couldn't sell them for those (MIdwest) prices.
Supposedly they are the largest Toyota dealer in NH and have been around for decades.
Your thoughts? Should I just buy it from Midwest? I assume I'm comparing apples to apples.
Thanks,
Steve
I tried again to get my dealer to match Midwest's price and they said VSA TFS Platinum 0 deductible cost for Camry Hybrid (class T4) 7 years 75000 is $745.
They said there is no way I can buy this anywhere for less than that. Are they pulling my leg?
I have a call into Midwest and I expect to speak with them later today.
Thanks in advance,
Steve
BTW... I found that calling Midwest in the evening was easier to get through to someone; they seem to be really busy during the day.
The salesman said the reason they could sell the extended warranty so cheaply was that they used the proceeds to offset any previously sold warranties that are turned in. Huh? Well, it turns out that people who purchase the extended warranty, and then decide to trade the car in within the original warranty, get back most if not all of the cost of the extended warranty, and this "rebate" is levied against the dealer selling the extended warranty. He also said that, for purchasers outside their dealership area (greater Hutchison area), they sell the extended warranty at cost (I bet they make a small profit).
To summarize, they make their money selling it at a higher price in the Hutchison area, and hedge any potential refund by selling( over the phone) offsetting policies at cost.
I will pick up my new Camry Hybrid this afternoon, will politely decline the "generous" offer from the dealer, and call Midwest Toyota. BTW - there is no way to get the extended warranty online from Midwest.
I bought my Camry Hybrid here in NH, was quoted more than twice the price for the warranty at my local dealer. So I declined and bought it from Midwest over the phone. This was in July.
Steve
Ordered my 2009 TCH last May, arrived last Thursday. When ordering, dealer offered me the extended warranty for $1900. I declined. When picking up the car, they said there was a sale on and I could get it for $1100. I declined. Yesterday I called Midwest and bought the premium plan (7/75000 with zero ded) for $619. Transaction was simple, give them your VIN and a credit card number and you'll get your policy via the mail.
For those interested in buying one too, here are the two prices I was quoted:
6 / 100,000 - $799
7 / 100,000 - $964
Here are the latest prices on the Genuine Toyota Platinum Warranty with $0 deductable:
09 Toyota Camry Hybrid:
6yr/ 75,000 Mile $514
6yr/100,000 Mile $799
7yr/100,000 Mile $964
07 RAV 4
6yr/100,000 Mile $654
7yr/100,000 Mile $780
These prices are from Midwest Toyota Superstore Talk to Mark or Jerry: 1-800-530-5789. They kept saying, "You can't believe the number of warranties we sell because of the web postings."
All they need is the vehicle VIN, mileage, and the date of purchase. The whole think took about 10 minutes.
No, I don't have prices on other models/plans. Howver, I'm sure they would give them to you over the phone.
Yes, they are the "real" Toyota Warranty, not aftermarket.
Yes, I've purchased from them before and have been pleased.
No, I don't work for them, didn't get a special deal, etc., etc, etc.
Enjoy!!
Good all across the nation. Yes!! Peace of mind for great price.
thanks
Can't beat the price for 7 years/100,000 miles bumper to bumper coverage 0$ deductible!! Go MidWest Toyota in Kansas and talk to Jerry!!
MidWest Toyota is legit.
My vehicle is still in the dealership. I am expecting a higher invoice then $16.00 for the inverter radiator. What was the total cost for your repair and what did they replace?
Here are their respective quotes:
Midwest Superstore in Hutchinson
7yr/100k = 999.00
8yr/100k = 1149.00
no sales tax
Danville Toyota
7yr/100k = 1100.00
8yr/100k = 1250.00
no sales tax
Toyota of Greenfield
7yr/100k = 1055.00
8yr/100k = 1215.00
no sales tax