rhin0sb

So I got a call this morning telling me that my warranty is almost going to expire and that I should renew it now.

I've got a shade over 39,000 miles on my 2007 (model year 2006) scion xb.

So I've surpassed my 36,000 mile bumper to bumper warranty, but I still got till 60,000 miles on my drivetrain warranty.

They offered me a deal of $409 a year for 7 years ($2863 total) to cover everything till i hit the 139,000 mark. But I've got to make the decision today by 6pm when he calls me back.

I hate being pressured into deals (after being scammed in college into buying a pair of tower speakers) so I'm trying to see what you guys think, and/or if you've heard of any warranty scams.

In this economy with Toyota losing profit, and service prices going up is this gonna be a good deal? i drive a tad over 20,000 miles a year.



When I first spoke to the guy I ended up giving my address, phone #, year, make, model, and vin.

My car's been running like a champ up until now, with the exception of a blown gasket on my transmission that my drivetrain warranty covered ($1000).

I do plan on throwing headers and an exhaust on my box, as well as some stereo components.

Sciond

i don't do it....my car has not had $2800 of repars and I am at 102,XXX miles

MadMike550

I wouldnt do it either

MeatRocket

yeah ive never heard of that kind of warranty deadline, and im in the car industry. You can always purchase an extended warranty from your dealer whenever you want. but the more miles on your car the more expensive your warranty will be.




dont buy from that guy.

badbasic

RUN AWAY! the manufacturer will not contact you re: extending your warranty. Most of these are not worth the paper they are written on. These are by separate companies that prey on people when their warranty is close to expiring and throw scare tactics for you to purchase TODAY. Just wait a couple weeks and you will get more offers that look authentic. I use to get calls all the time from customers who said they were contacted by the factory and were scared their engine was gonna blow up and they would have to pay upwards of seven thousand dollars to have it repaired. Put that money in the bank if you want and then tap into it if you ever need a major repair.

pooder

GAMBLING ANYONE?

What is an extended warranty? A wager between two parties. Look
at what each party brings to the table:

The manufacturer, with all his collective experience, design specs,
intimate knowledge of assembly techniques, tolerances, quality
control, etc., is betting that the product will not fail in any
manner specified in the warranty during the warranty period which
will cost more than the price of the warranty to repair (note who
writes up the terms of the warranty).

You, with no knowledge of the product, have only a vague fear that
it will catastrophically break down during the warranty period and
that repair of such failure will cost far more than the price of the
warranty. On what do you base this opinion? Are you intentionally
buying what you consider to be junk?

Cars, motorcycles, computers, and Zippo lighters are all
manufactured using statistical sampling techniques for quality
control. The normal warranty that comes with each is an admission
of that it is entirely possible (eventually, inevitable) that an
individual product will not live up to the quality of the group. It
allows the manufacturer to catch the odd substandard product and
bring it up to his standards of quality, without having to
exhaustively test each step of each product throughout its
manufacture. Once the product makes it through the initial warranty
period (whether it required service under that warranty or not), the
manufacturer knows that it is "up to snuff," i.e., conforms to his
specs, quality, etc. At this point, he *knows* how long it will
last. An *extended* warranty is not a safety net for the
manufacturer, it is a chance to make money, by making a wager with
the customer concerning the performance of the product -- *his*
product. He knows it better than you.

Do you wanna bet?

Davestoaster

I agree. Everyone of those I ever had was a waste of money.

Take the $400 per year and put it into the highest yield CD you can find, renew it at the end of the year and add the next $400. By the time 7 years are up, you'll have just about enough to by a new car with CASH.

Metro273

You don't need no stinking extended warranty on a great reliable Toyota! I haven't had any problems yet with mine, granted I only have 41K miles on my '05...

Btw...I'm knocking on wood!...

burstaneurysm

You don't need it.

Raiders1960

No Way Jose

rhin0sb

i turned em down. but before i did, they started telling me bout how i qualify for the first time buyer program saving me $250 over 7 years (whoopdee). i eventually got them to email me some details, but after looking at it, there were no specific details to the coverage.

I guess the name of the group is CDWS - Consumer Direct Warranty Services.

Thanks everybody for your input, it definately made my decision easier

NYCxB

The only warranty I wish I extended was the Scion warranty to the 7 years. I would not go with a 3rd party.

There is no doubt our boxes have some recurring issues from the handle on the hatch to the scion security door lock issues.

But I didn't re-up so when those issues arise will have to pay out.

As for these things being built to last, um, nothing but hype.