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I will be buying a Toyota auto soon and plan on buying a Toyota extended car warranty from a dealer in another state....because the prices are better and it's for the same product. I already checked.
I began searching the internet. Lo and behold, quotes that are more reasonable began appearing. The internet is a great equalizer. It allows car owners to check locally, state-wide and nation-wide.
The Internet Extended Warranty Manager at Molle Toyota came through with the most reasonable quote of $645. He beats the next two lowest quotes by $5 and $10, and he beats the highest quote by $1150. There are definitely sharks out there. Let the buyer beware. If you don’t watch out, you can really get conned, and ripped off big time.
If you are not sure which warranty plan to choose, go to:
http://www.toyotafinancial.com/consumer/tfs.portal?_nfpb=true&_pageLabel=pg_NewV- ehicleProtectionPlan
then select Protection Plan Comparison Chart to view the different plans available.
If you emailed Molle Toyota, you will get a reply with a quote, including a scanned (pdf) copy of the paperwork for you to review. If it looks good, call with your credit card. You may be put on hold, as the call is transferred. Part of the recorded message at Molle Toyota says: “if you don’t buy from Molle, you’ll pay too much.” Based on my experience, this is very true!
Molle Toyota is in Kansas City, MO.
I want to share this info with everyone on this forum!
henry
My question is, can I purchase this warranty at a later date? I believe my dealer said I could, but that it would be more expensive. True?
The quote given was $1350 for 7yrs/75k miles or $1650 for 7yrs/100k miles. As I research what others have posted on this board, I see the dealer is getting a high profit margin. Is this just another tactic for the dealer to squeeze more money out of you?
Yes I was pressured into them. I have been doing research and asking mechanics what they think. Most say get rid of em and put money in the bank. These plans are ways for the finance depts to make a profit off of us by trying to scare us into thinking something "bad" is going to happen but they will be there for us. HA!
What do u think out there?
Since then, I have received a few emails sharing similar experiences. It is clear that some dealers are using this trick to con us in spending more money, by trying to scare us. Recently, I accompanied a friend when he went in to buy a Tacoma truck. Based on price searches done on the internet, the dealer did give him a good price. Sure enough, he was "encouraged" to protect his investment with an extended warranty. I saved my friend over $1600 by buying from an out-of-state dealer. It's the same warranty - just from another Toyota dealer from another state.
I did not buy GAP insurance, just the Extended Warranty.
It makes me mad that these sharks are out there taking advantage of their customers.
henry
John
http://www.bernardiwarranty.com/Departments/Toyota-Extra-Care.aspx
John
Hope this info helps. You can also read some threads about them over on the Acura MDX forum (my other choice in a new car). Good luck to you.
I bought a brand-new 08' Limited Hybrid in 02/09. The dealer offered me an extended warranty. I declined because I wanted to shop around for it. I have been busy and forgotten all about it. Does any of you know if I still can purchase one for my car? My car has only 7k miles on it.
Thanks,
John
henry
Dealer names, locations, URLs, etc. are fine.
Thanks!
Steve, Host
Sorry am not familiar with getting warranty from anyone else except the dealer I bought the car from. Any help would be appreciated. Thanks.
I called our dealer and asked if they would match the price. At first, "no" and "you can't buy it with that many miles on the car". Later they called back.
"Yes we can match the price" and "yes you can buy it as long as the car is less than 36,000 miles and less than 36 months".
We bought it, and also for a couple of hundred more, an addition that IF we didn't use the warranty before 100,000 miles or 7 years, we'd get the entire price of the warranty (including the addition) back.
Last month we got our entire Platinum purchase price (plus the addition) back. The only "catch" was that there was a narrow window of opportunity to apply for the refund. We had notes on calendars, notes reminding us in email, etc. I was skeptical, but it was legit and we got the money back. The "warranty refund" was through NADA. It took a month for our dealer to process it and have the check for us.
Of course, we've had NO warranty work done, and currently have 105,000 miles. I was concerned about the "what if" I needed a warranty job done of $750.... that would cancel the refund of ~$1300. The situation never happened so it was a needless worry.
Phil
Shopped around the internet.
They were awesome!
Saved me $$$$
Recommended highly!~~
Good luck to all
Some people suggested purchasing from the Superstore in Kansas. I called and they offered the identical Toyota Platinum Coverage for $810. What a wonderful little profit margin our dealership would have gotten on that. I'm definitely going to cancel it. Plus, I have 3 years and 36k miles to go before having to secure the coverage. I'm really disappointed in those sales and scare tactics they used and pressure point to buy and sign on the spot for the coverage. I guess I'm not the only customer who's experienced this as it looks like many other dealerships do the same exact thing, mark up the price and scare the customer into buying it.
Thanks to all who posted about the Superstore in Kansas. I will be purchasing my coverage through them!
Thanks.
Platinum coverage with $0 deductable.
8 yr - 100,000 mi $944.00
8yr - 75,000 mi $659.00
7yr - 100,000 mi $814.00
7yr - 75,000 mi $559.00
Cannot find the "superstore in Kansas"
Where is it located, so I can purchaase a warranty from them.
Thanks,
Dan P
Cheers,
Neil
Tomorrow we begin the uphill battle of getting our due and getting the engine (replacement is the only option) covered. Frankly it is BS. If you own stock in TOYOTA - sell, sell, sell. I will never buy a TOYOTA and you should not either. TOYOTA SUCKS!
Southeast Toyota has quite the reputation alright. For padding the cost of new Toyotas.
Why does Edmunds' pricing for Toyota vehicles differ from pricing at my local Toyota dealer?