I agree. If the odds are good for them, they’re good enough for me. I usually buy certified used anyway, and they come with an extended warranty from the manufacturer. Often the remainder of the original warranty plus the extended certified warranty are longer than the original one if I bought a new car instead.
Perversely, I am always glad when warranty runs out on something I have bought. I do not have to wrangle with the warranty administrators; I take care of it myself on my own schedule.
I was a proud mechanic and did great work for over 35 yrs. Decided to stop working so hard before I wore out my body. Took a job for an extended warranty company. Talking to service advisors, customers, field inspectors. Looking up levels of coverage for all. It made me sick seeing how people thought they were covered “bumper to bumper”. Company manager approached me at 90 day probation period saying, congratulations! You’re doing great and past the probation period. I said thanks but you didn’t pass mine. And I walked off the job. Their jaws dropped. 😁
Yep I did researched on a VERY much advertised company, "Car Shield" and tons of horror stories on-line and the Better Business Bureau has given them an "F" rating....ouch. When I had my truck in the shop, they asked me if I had an extended warranty and I replied, "I AM the extended warranty...I do all my own maintenance and any repairs I can handle!"
@@SuperReviews4you if you are afraid of inflation then invest that money in gold than it will only go up that's what I do thair is a website that let's you buy gold then you can use it like cash on their card
@@justinb1536 Gold does not always go up. In August it was $2070; now it is $1837... an 11% loss in half a year. I remember January 1980, when there was so much hoopla about Gold hitting $850 (equivalent to almost $2700 today). Within a couple of months it dropped to $300-$400 and stayed there for years. Gold has lost about $100 per ounce just in the last month.
I bought an extended warranty for my new car $1700. Covers for 7 years or 100k miles. Not too bad. Too much electronics on these new cars. Peace of mind.
I bought a 2023 RAV4 Hybrid Limited. When I got in the finance office he started telling me horror stories about expensive electronics failing and how much repair cost. He talked me into a 10Year warranty. When I got home I did a search on the company and only found two negative comments on the BBB website. There was nothing else about the company on the internet. It was like they scraped the internet getting rid of any reviews or information. I was afraid the company might not even be around in 10 years. I went in the next day and canceled it. The main reason I bought a Toyota was for it's reliability. I may reconsider before the factory warranty runs out because of all the fancy features of the limited. Why the industry makes the buying process so unpleasant and there is no honesty or integrity. I dislike going to dealerships for that reason.
I bought an extended because I was afraid that the convertible top might break on my IS350C. However, the deal maker for me was that it was 100% refundable, if the extended warranty is never used. The catch was the customer had to request in writing the refund within 60 days prior to the end of the warranty. The company that provided the warranty most likely believe people will forget about the refund or assume the refund is automatic. There was only one problem during the extended period, the side view mirror. However it was a easy DIY fix so I never used the warranty. In the end I got my refund. Reading is fundamental.
Bought a 2017 Tacoma. Refused the extended warranty. At 38k my power steering rack had a bad leak. Was quoted $3,700 for the repair. My dealer went to bat for me with Toyota to try to get the repair covered, since it was a premature wear. Toyota didn’t cover it, but my dealer actually paid for it. But I wish I would have gotten the extended warranty. But thankful for a good dealership though!
Most off-road shops cot the bolts and install new ones from the bottom. I hope they flipped the bolts. Even if you lift the engine it's NOT 2700 in labor.
The biggest reliability myth scam is the one perpetuated by Toyota. Their cars & trucks break just as much as the other brands (with perhaps a bit less frequency). Plus Toyota denies claims at the same rate if not more. People are unfortunately more gullible now than in the past.
Been in the car biz many years 20+ with Toyota, 5 w/used Dlr & also GM Im a skeptic This indicates, the leak may not have been an actual costly repair. It could have billed as costly for a lengthy procedure Many dealers ask for the big fix first. As a fall back they do the quick or basic repair, ie gasket as opposed to entire replacement. I would like to believe your guys did the noble thing. Their opening request & ultimate resolution leaves me doubtful
Obviously from watching your channel, AMD, you're a great mechanic - but you're an even better person for sharing the info in this video. Very honest and helpful! Wish you worked at my local Toyota dealership! 👍
I did buy my EW from the dealership when I bought a 1 yr old/20K 4-Runner in 2013. Coming up for 7 years ago (62K miles!). About 4 years ago, they did replace the rubber piece that was making the “handle” of the lift gate weird. I’m a 75 yo female with zero mech/tech knowledge but have started watching your videos. Love them Just texted my dealer service rep and gave him your UA-cam info. Also asked for a copy of my extended warranty so I can look for the things you mentioned. Thanks
He's the only channel I subscribe to. I have had a Toyota truck since 1984, and the end of this coming February, I have another new one being delivered. I learn things that I didn't even know to ask about, giving me a great education on the vehicle I drive everyday.
Me and my friends have bought Extend warranty, dealer salesman just said “We cover Everything, no problems “. But they did lied when we need trying to fix our problems. Big lied, by Melody Toyota and Recently by by City Toyota.
When I purchased my wife’s Highlander, Finance manager asked if I wanted extended warranty. My words to him were....”No thanks, that’s why I’m buying a Toyota, plus the money I save from not buying an extended warranty I will put it aside and use it for oil changes and regular maintenance” He looked at me and told me no one has ever put it to him that way. 9 years later car is still running great with basic maintenance.
I love your statement! You have a plan and sticking to it and it worked out great! Most people show up at the finance office having no idea what’s what.
Purchased a 2011 Kluger, that's what the Highlander's called in Australia. After 11yrs and 200,000klms, still runs like a dream and never had to replace anything. P.s one thing they didn't tell me, it's speed limited to 185kph😉
My 2002 Prius (now my son's) needed its first repair besides the usual consumables - tires wiper blades, 12V batteries, a windshield (Arizona is the Land of Flying Rocks) - at 198K miles: the inverter coolant pump. $150 plus a few hours getting to it and life was good. It just got a hybrid battery rebuild ($2000) out of my pocket at 210K miles and 19 years old. Would I really have spent only $100 per year for an extended warranty that would actually have paid for those, and would it have extended past 200K miles? Sure, why not? Any wacky thing _could_ happen.
I've typically done well with extended warranties. My last car had a 10 year warranty on it (5 extra years) and in the last 2 years, I had almost $6000 worth of repairs covered on it. That warranty cost about $2300. I keep my cars a long time, so I like the peace of mind. The way I look at it is, I'm prepaying for a few smaller repairs to have the cost included in my payment. Then if/when something goes wrong down the road, the cost is already covered. When I purchased my new Venza recently, I purchased a full 10 year warranty for about $2500. I know the Toyota Hybrid system is very reliable, but these cars are also VERY complex, so if anything does go wrong, it can get very expensive very quickly. I also have yet to have a AC system last longer than 8 years in any car I've had over the years so I figured at the very least, I'll get a replacement AC system out of it (which is typically $2-$3k). From my experience, things start to go on cars after about 7-8 years. I purchased a 3rd party warranty from the dealership as Toyota's ECP plan doesn't go any longer than 7 years (or 8?). I wanted something to cover me the full 10 years. The top level warranty I chose covers all the same things the factory warranty does, but doesn't come with the 3 years of free maintenance the Toyota ECP does. To me, having the few extra years of warranty is worth a lot more than a few extra oil changes (especially since my dealer gives the first couple of oil changes for free already). If you change your cars every 4-5 years, it's likely not worth it to buy an extended warranty since most things are covered during that time already. However, if you keep your cars long term (like I do), it can be a good idea.
I had the same rationale. I drive a very reliable Tacoma, but seeing how the air-conditioning and electrical audio and suspension components are not under the powertrain warranty I’m happy I went with an extended warranty that covers all of the above.
My dealership experience as a tech was that dealers spend the bare minimum and cut every corner possible to get the used cars through service and onto the lot for sale. I was removed from one for refusing to replace unneeded parts under extended warranty to pad the dealer's pockets and boost the service manager's numbers. Buyer beware.
thats not your job to refuse, if the money is coming out of the customers pocket then yes you'd be right, otherwise your an employee do what they tell you to do, if its stealing its not you doing the theft its the service manager you're just a paid robot
@@avi614614 it's absolutely my job to refuse to participate in warranty fraud. To clarify, this was money being stolen by the dealer from the manufacturer. Maybe you're ok with this as I've seen many who are. I refuse.
One of the main reasons I now drive a Toyota truck was when the transmission failed on a GM truck 2 days after the factory warranty lapsed and GM told me they wouldnt cover it, despite me being a GM employee at the time . Ive always been more than happy with the way my local Toyota dealer has handled any problems my truck has had.
*Former GMHE employee here. Sure, with multiple discounts, rebates and thousands of GM Visa Card points they were always cheap to buy and then die horribly expensive deaths. GM just being their normal, greedy a$$hole, miscreant selves. GM's PT Barnum sales philosophy is why Toyota crushes GM in worldwide sales. The Schadenfreude in watching this unfold warms my heart. Cheers!*
@@blackrifle6736 also the dealer experience is stark difference. I don’t know why but within the same auto group I had a bad experience with the Chevy arm but loved my Toyota experience. Maybe Toyota holds their franchisees to a different standard?
@@Trammael *Precisely. At all levels, TMC has zero tolerance for the unethical, BS games GM not only allows but actively encourages from its dealers. GM's mantra is and has always been: "Get the Rube to sign and push the Iron out the door. Nothing else matters". Cheers!*
GM does not build quality vehicles. I have employee discount on Gm vehicles. I have two Toyota's and two Honda's none of them have had problems except oil changes and maintance routine. All four vehicles are in the family. My father is a GM retiree and they do not care about them either. My Father owns a Honda as well!
AMD, this is the single most important video that you have done! Kudos to you for taking this to the task. The truth is that there are warranties (factory and Toyota Extra Care) and there are vehicle service contracts (VSCs). The factory warranty will cover parts and labor at 100% with NO deductible and use factory parts. VSCs have a long list of exclusions, can require the customer to pay a deductible and use aftermarket, rebuilt or even used parts. Furthermore, the VSC administrator will decide whether they will cover the cost of the repair or not. They could refuse to pay your mechanics' labor rate because they think it is too high. Here is the kicker, that VSC that is advertised on TV all the time has another gotcha - the removal, the tear-down, inspection and reporting fee. Yes, they could require this to decide if they will pay for the repair. In this removal, tear-down and inspection procedure, the owner is on the hook for this. Read the fine print! Check the BBB and other sources for VSC complaints before buying. VSCs may delay the start of your repairs while they think about whether they will be for the repair or not. VSCs are like insurance companies, you are dealing with an "adjuster" (administrator) that will decide your fate when you need a repair. If you buy a new car and the finance guy sells you a VSC, it is likely that the VSC coverage will start when you drive off the lot meaning you are paying for duplicate coverage with the factory warranty which will supersede the VSC coverage. You need to have the finance guy put in writing when that VSC period begins. Buy a Toyota or Lexus and do the required maintenance on time. My 2004 Tundra has the original brakes and clutch. The only repair that I have made was to replace the #2 O2 sensor because the heating element died. The part cost me $45.00 and 20 minutes of my time to replace it. Toyota's are bulletproof if you do the maintenance correctly and as scheduled. Save your money and take the money for the VSC and put that monthly fee in the bank for repairs. Better yet, take the money that you would sink into a VSC and use it to pay down your credit cards. AMD, thanks for discussing this misunderstood car ownership issue.
I almost bought an extended warranty for my 12 Nissan Murano which I bought used in 14.The dealer wanted $3500.I declined. It now has 131k miles on it with normal wear and tear and runs and looks excellent! Your right put the money in a bank and use it for any repairs that may come up
@@jamesbrett567 Well, my Tundra and 4Runner have been nearly bulletproof. My 2004 Tundra has only required the replacement of O2 sensor #2 when the heater element burned out. It cost me $45.00 and about 20 minutes of my time to replace it.
I always buy new cars and I've never bought an extended warranty on anything in my life. Just a waste of money in my opinion. Love your channel btw. God bless you and your family. 🙏
I never buy extended warranties, but I made an exception when I purchased my 2015 BMW X1 used in 2016. I now have one year remaining on my extended warranty and when that's over I'm selling the X1. I've heard too many horror stories about older BMWs and their repair costs. The extended warranty I purchased was a BMW warranty. There is NO WAY I'd buy an extended warranty through a third party. Edit: putting that BMW up on the screen to illustrate vehicles that have continuing problems made me smile.
1. If you're going to do it get extra care, not another company. 2. Are you planning on holding onto your car past the powertrain warranty period? If so maintain it and do NOT use the Toyota service schedule which will tell you your transmission and differential fluid is lifetime. It also states your coolant is ok to 100K. I recommend 30-40K on automatic transmissions, coolant at 60K, Brake fluid every 2 years, Manual transmission and differentials @ 60K. Oil and filter changes at 5k with conventional and 7.5K with synthetics are ok providing you use OEM filter and check the oil in between changes at least every 1-2k. Do this and it's doubtful if you'll need to spend the money on extended warranty. BTW I am a former MDT who currently owns his shop and I have 38+ years in the business. My first Toyota certification was obtained in 1985.
I am one week away from visiting dealerships and this is exactly the information I needed to make some meaningful decisions. Thank you so much for taking the time to explain the different warranties.
With the extended warranties a lot of people don't realize that they can actually get reimbursed for their warranties and they can get a check in the mail which is what I got when I recently traded my 18 Camry for a 22 xse. 2 weeks later I received a check in the mail for my warranty which I never really had to use so people need to keep this in mind...
So much honesty here! Appreciate this video. In April 2019 i bought my 2013 ES350 with only 30,009 miles on it from a non-Lexus dealership. THe original owner traded it in along with a high mileage BMW. Since i financed it, i decided to get a 4 year 48k miles extended warranty. I did it for piece of mind, yes it’s similar to car insurance. It’s for a “just in case” situation. Although these Lexus ES350’s are virtually bullet proof, you just never know. In hindsight now after owning this for almost 2 years, i wouldn’t get the extended warranty if i had to buy a similar ES350 today. at that time i lumped the warranty into the car finance so it wasn’t a big upfront cost.
Awesome video AMD! If I had a mechanic as good as you around my town, I will not be buying extended warranty and just rely on the mechanic and pay out of pocket for repairs. The magic bullet is to find a mechanic as good as you.
We got the extended warranty on our 2017 Tacoma. It’s been a great trouble free vehicle……except for the air conditioning that essentially disintegrated after five years. It cost us zero to fix as opposed to thousands without the warranty. The insurance comparison is very true.
I brought my friend who owns the Insurance Agency I go to, He talked me out of all the warranties on my Tacoma Trd PRo. Told me I had full Insurance and it was a Toyota, I didn't need the any of Extended warranties. Love the Knowledge you share, Thank you bro
Let me understand this. Your friend that owns an insurance company talked you out of buying any extended warranties because he told you that you had full insurance and it was a Toyota. I don't get the full insurance part and you don't see the irony in that?
I liked when you talked about waisting money, on an extended warranty, and then compared it to car insurance which you have to get and don’t always collect on. I usually would keep a car at least 10 years with low miles and get an extended warranty. I would get at least 2 claims and get some use from them. I can’t stand those 3rd party warranty companies that always call you saying that your warranty just expired and try to sell you coverage!
Its a waste of money to some that never had issues with their cars. And to some it’s a must because they’ve had a bad experience that left them with an expensive out of pocket repair and wished they had an extended warranty.
Got Mercury extended warranty platinum for my Prius from the credit union who offered me the loan. It lowered my loan rate and covered tires damage and deductible on comprehensive insurance claim besides mechanical breakdown. So far it had paid itself back and still valid for another 25,000 miles. A genuinely good product.
@@gavnonadoroge3092 2 incidents on blown/damaged OE tires (still relatively new; fragile, expensive and only available from dealers). Also a $500 credit on cracked windshield (expensive too with sensor placements). They already exceed the $650 I paid for. Maybe one more minor repair but I forgot what it was.
I've been to numerous shady Toyota dealerships recently, that pride themselves on their lifetime warranties. Thanks for reassuring me about these bogus in-house warranties, BTW another great video. Why isn't corporate doing something about these stealerships. Sadly to say this is the last straw with Toyota for me.
Keep in mind dealerships are not owned by the manufacturer. They are owned individually. Dealerships make very little money on new cars, they make majority of their profit from backend products such as warranties, paint protection, maintenance products (basically all the products they try to sell you when sitting in the finance office signing papers), and their service department. I’ve never bought a warranty, I work in the business and just know better. It’s almost always a waste of money,
@@truthlove1114 Exactly, hence why they have such a horrible reputation. If corporate would audit these shady stealerships, they may sell more or at least have more repeat buyers...
This was some very good information. I laughed at when you said: Lifetime Power Warranty. My local Toyota Dealership offers that. They advertise it in every commercial. I like an honest mechanic. When I bring my car in for service at a Toyota Dealership. Tell me everything that is going on with my car. So I can stay in the know of what's going on with it.
I think some people have issues with extended warranties at purchase because they never factor in the potential $2000 extra the warranty could add to their purchase when they're already at their max purchase price or they may have experienced a year or two of maintenance issues after a used car purchase of things the warranty doesn't cover anyway. Not to mention some warranties are only for a set time after purchase. If I buy a 3 year warranty and nothing ever happens until year 4 when my engine or transmission goes up then I'm up a creek anyway. It's a roll of the dice. I say if you're going to warranty the car the put that price on the sticker. Don't shock me when I get to the finance office. My two cents.
Good advice, I have to tell you I had a very rare “lifetime powertrain” warranty. It was only offered through Chrysler for 1 year 2007 and it was free. I kept the car 13 years. They replaced seals, driveshafts, gaskets and in the end at 227,000 miles an engine...all for free. I kept a paper trail through the dealership of everything I had done to the car...they never questioned any claims. On my new 4Runner I have an extended warranty through my insurance company which I’ve used before without any issues...very inexpensive. Thanks for the information.
I said no to all the extended warranties for my 2016 Corolla S. Five years and 60k miles later and she still runs as smooth as day one. I just did the 60k service myself including the atf and I'll be flushing the pink coolant soon. The garage has really done wonders in preserving the exterior, all the plastic trim on the outside still has its glossy black sheen. Thank you for sharing all your knowledge to the Toyota community God Bless 🙏🏽
A most timely and informative video for me. I'm close to the end of a 3 year lease on a 2019 Toyota with a very low miles. I decided to buy the car and purchase an extended warranty. Shopped on-line and at the dealership from where I leased the car. Prices in the $3k to $4k range for 8 years/100k miles. Decided to go with the Toyota VSA Platinum for which my car is qualified. Thought I would check if the quoted VSA price was negotiable and called 2 other dealerships. Both quoted prices significantly lower than the original dealer's. I learned from your video that the powertrain warranty on new Toyotas goes to 60 months. All good. As an old DIY amateur mechanic on old British cars, I enjoy very much your repair videos. Thanks.
I had a buddy that co-owned an appliance store with his dad. They didn’t make much profit on sales of stoves, washers and dryers. What kept them in business was extended warranties. Greg said that for every dollar a customer paid for the warranty it cost the warranty company .10 in covered repairs. It’s crazy to buy a warranty on a car that is covered by a new car warranty.
I have a 2018 Toyota Camry XLE Hybrid, the driver side headlight malfunctioned, 4 trips to the dealer the replacement was $1900.00, I bought the Toyota Extra Care Platinum warranty 10 years 125k miles for $1100. You also can buy the Toyota warranty from any dealer as long as your car is still under factory bumper to bumper 3 years 36k miles warranty. My local dealers wanted around $2100 for the same warranty that I got for $1100 from an out of state Toyota dealer.
Before I watched this video I had a lot of questions about extended auto warranties but after watching this video you've answered all the questions I needed so thank you for that. I wish that however there was more information in the UA-cam World about Lexus vehicles.
We've had two vehicles with extended warranties: My 2008 Camry LE (2.4L) and my wife's 2013 Honda Fit Sport. For mine, the extended warranty was used, quite a bit. Before the six years (100K miles) was up, the rack-and-pinion and radiator were replaced, along with a transmission seal leak. (Later, the ubiquitous problems with the falling sun visors and the melting dash were dealt with, N/C). For the Honda Fit, well, just a couple of Dunlop tires (which were terrible, BTW). So, as they say, mileage will vary. On a related note: It's my understanding that work done under a Toyota Extra Care warranty is not as lucrative, for the technicians and the dealership, on a per hour basis, as non-warranty work. I have also heard, from multiple sources (text and conversation) that because of this relatively reduced hourly rate, warranty work is often not assigned to the most experienced and skillful techs, but shunted off to a lower-level technician, whenever possible. Sometimes that produces poor outcomes. Finally, there's the proverbial "elephant in the room" vis a vie dealerships (and independent or chain shops) as service sites. Generally, I've heard this described as the split between "diagnostic" and "merchant" cultures. A diagnostic culture goes to an accurate analysis of a car's potential for emergent or actual problems, and offers preemptive or immediately necessary remedies based on accurate diagnosis. (You're clearly in that camp, the diagnostic approach). On the other hand: Many dealerships (and independent/chain shops) sell services, whether they are necessary or not. Case-in-point: The local Toyota dealership pushes transmission flushes, which we know are terrible for transmissions. I've gone as far as to show them the TSBs from GM and Honda, explaining to these dealers that they will void transmission warranties (for GM and Honda vehicles) if flushes are performed. . These "wallet flushes" are high profit services, so these kinds of recommendations continue, even if they are unnecessary or even harmful to vehicle life. AMD, you're clearly an ethical practitioner of a diagnostic approach. I recognize and value that you have t technical expertise, communicative skill, along with a code of conduct. (And some service writers and shops have this ethos, many do not). Eventually, I hope that you address, in a general way, the difference between these two types of culture around auto maintenance and repair. Again, it's a great video, a significant public service.
AMD, you always give great advice to us Toyota owners. I bought my 22 Tacoma in March of last year. Following your advice I asked for a oil change at 5,000 miles. Service manager said it is not due until 10,000 but we can move this one up and you will have to pay for the 10,000 mile oil change. So yesterday I went in for my 10,000 mile oil change, same service manager said well will use your last free service for this. I said well so much for the 2 years free service. He said that is all that is allowed by Toyota because the truck is designed for oil changes at 10k intervals. I’m not sure that I am being told the truth. He tried to tell me that I was not understanding the way that Toyota builds the engine now it no longer needs oil change or service as the old ones did.
I bought a used Tundra with 5.7 V8 only 35k miles. It came with 100k extended warranty. So glad to have it when I discovered dreaded cam tower leaks at 75k. A different Toyota dealership covered entire repair and gave me a RAV4 loaner. $50 deductible.
Only buy an extended warranty if your 'Toyota' is made by Subaru, BMW/Magna Steyr or Mazda. The lifespan of my Toyota has been e-x-t-e-n-d-e-d by Krown Rustproofing and Amsoil Signature Series synthetic oil for nearly 16 years and there are no signs that warranty will be running out any time soon ;-)
Thanks for educating consumers it's rare to hear someone tell the truth about these things I was a diesel mechanic for a long time but I'm also a NYC Firefighter i ways do my due diligence when buying a vehicle and rarely get an extended warranty because I can do almost anything that can go wrong but because i work two jobs I would sometimes buy a warranty on certain vehicles because if something catastrophic goes wrong I'd rather it be someone else spending the time to fix that my off time is way to valuable to me
I really really like your video, especially this one. Yes, the warranty does not cover typical things that fail like tires, brake pads/rotors, spark plugs, 12V batteries, timing belt, clutch, Struts, shocks. Some covers bushings, stabilizer rings, steering linkage, brake pads, bearings, brake booster in Hybrid, hybrid battery, valve cover gaskets, sparkplug seals, thermostat, sliding doors, lock-latch, and water pump.
I have the Toyota factory extended warranty on my 2015 RAV4 which I bought new. My water pump failed 6 months ago and it was 100% covered under the warranty and got a free RAV4 loaner while it was being replaced. I am very satisfied. That it is the only problem I have had with the car so far.
@@rgerepka Thanks for the info, good to know, I was wrong about the engine parts. Every extended insurance has their FINE print that is tricky. But usually, they do not cover wear items like tires, brake pads/rotors, spark plugs, 12V batterie, and clutch. Some cover shocks/struts, but not all insurances do that. How much did you pay for the extended warranty, for how long (miles/year)? The water pump typically lasts at least 150k miles. The problem with hybrid, they use an electric water pump and do not leak, they fail internally from disintegrating plastic/nylon rotor or propeller.
I was a mechanic for 30 years and I agree with you on extended warranty. Is no different than paying for car insurance. Why not. I got so many scam calls after I got my extended warranty. Claiming to be my extended warranty and emerge not. I can’t remember how many times I went the dealer to ask and told that was scam, don’t worry about it.
the best warrenty is routine maintaince change the transmission fluid every 25000 miles change the oil every 3000 miles change the fluid brake power stering every year.
@@southernc4919 I’m with you. That is a bit excessive. Of course, there’s not really “too much maintenance,” so if you want to put in the time and money, then more power to you. Your maintenance schedule matches mine.
My wife and I purchased a new Highlander with 3.3 liter engine from a dealer in the midwest. We purchased the Toyota extended warranty from Toyota. The finance guy explained how things like power windows might start to have problems after the factory warranty. This was 19 years ago. The Highlander is a 2004. It has been the best vehicle that we have ever owned. I do 98% of the maintenance myself. I had to install a water pump a few years ago. The dealer did this. No drive train issues or engine issues. Also, after 19 years we still haven't had any power window issues. We didn't get any use from our extended warranty but like you said, it's just insurance. Great video! Great information!
I bought an extended warranty for a new Toyota in 2011. At the time I thought it was a good deal at $2k for 10 years and 120k miles. I ended up using it for a water pump replacement at around 90k. This is on a 3.5L V6. The water pump sits about an inch from the passenger side body/frame. The replacement is a bit labor intensive. Dealership gave me a loaner while my car was in the shop. I think I got my money’s worth for that warranty.
Just purchased a 2020 XLE Highlander with 20000 miles on it. We bought the 7 year warranty for $2000. I figured if it had 20k miles Bc it was a rental it would be worth it. Time will tell I guess
Since my previous post something relavent to this subject has happened. Over 2½ years ago we bought a 2009 RAV4 that had less than 19,000 miles on the odometer. The Toyota dealer sold us an aftermarket warranty along with the vehicle that was another $1400. Initially, I balked at spending the extra money thinking I won't use this cause I'm buying a low mileage Toyota. Well, I just got a call from the dealer that I can pick up our Toyota in the morning. They've finished replacing the transmission with an OEM remanufactured unit. I'm glad I had that 48,000 miles, 4 year warranty. It will expire in another 1500 miles.
Well THIS was timely! Picking up my 2023 Tundra this weekend and this was all good information I will ask the "warranty rep". I have a neighbor couple, wife being a previous Toyota dealer finance manager, the guy is an Autonation service manager. They both say "BUY THE EXTENDED WARRANTY", but add what a reasonable price is for it. They also said "Toyota Extra Care only!" No 3rd party companies! Bottom line, very helpful information. Thanks so much and Happy New Year!
I'm 74 (today) and I've only bought an extended warranty twice in my life. Both were from a dealer and were for used cars. The first was on a VW Vanagon. The warranty proved to be a good deal cause it ended up needing CV joints and major engine work that would have cost a lot more than the warranty. The last extended warranty is on our present vehicle. We hopefully will never need to use it. The vehicle was ten years old when we bought it but it had only 18,646 miles on it (in March 2019). We now have 53,750 miles on it and nothing except normal oil changes, tires and regular service. I have done three drain and fills of the ATF and had an after market ATF cooler installed cause it runs hot in the summer. It will need front brakes soon. There is less than 16,000 miles left on that 48,000 mile warranty. Yes, I view it as insurance not a waste... It's a 2009 RAV4 FWD with 2.5 liter 4 cylinder. We are currently averaging 29 mpg using ethanol-free fuel almost exclusively. I personally change the full synthetic oil every 5,000 miles. We paid the dealer $1400 for the four year, 48,000 mile warranty. That was my only mistake, not getting them to lower the price.
You should use the ethanol fuel in a car. It cleans the fuel system. I use non ethanol in items that still have a carburetor, such as chain saw, blowers, weed whips, motorcycles.
My first Toyota was a 1975 Corolla. I put 200,000 miles on it and never had a major component failure. She was still running when I sold her. My next Toyota was a 1988 Supra Turbo. I put 450,000 original miles on it. I didn't experience any major component failures until she had over 150,000 miles. So an extended warranty would have expired by then anyway. My next Toyota was a 1998 Avalon. I put 335,000 miles on it without any major component failures. I now drive a 2006 LS430 Ultra with 115,000 miles and no major failures so far. An extended warranty on any of these vehicles would have been wasted money. I get my peace of mind from buying good reliable Toyotas!
Amen, brother!! Minute 15...."the problem is.....finding a good mechanic". I'm 64, and had done everything I know to do, to locate a real mechanic, that will work on my cars the way they would work on their wifes car...with care. I've yet to find one. I know they are out there....but it's like finding a unicorn.
I bought an extended warranty on my new 4 runner. Did not plan on it. But he kept lowering the price every time I said no. And he even lowered the deductible. Then I finally gave in. And less than a year later my sun roof went out. They had to replace the whole thing at $2700. Glad I had the warranty.
I bought my Kia with a Lifetime Power train warranty...6 years and 101k miles later a bearing rod failed. I tried to use my lifetime warranty and was told that the dealership had sold to a new owner and they don't honor the warranty of the past owner. Luckily, there was a recall on my car that I had done through Kia directly, that was part of the cause of the failure so I get it fixed still, but still mad about the dealership games.
I bought a certified 2012 Camry in 2014 and purchased the extended warranty as well. Since I would be using the car for long-distance travel, I thought it a good idea to have one. Yes, I thought that I may never need it and that it may be extra monies laid out at the time of purchase, I always rested well that I had that extra coverage in the event I needed it. I did have a few things that were covered under the warranty so I would definitely do it over again. Thanks, AMD, for another great video!
My wife recently bought a new 2020 Honda Odyssey. I normally don’t buy extended warranties on new Honda’s or Toyota’s, because they are so well engineered - super reliable. However, we did buy the offered extended warranty this time because of all the computers & safety features on new vehicles now a days - new vehicles are SO complicated, so much to go wrong.
@@marklintwo Rant follows: I have soured on Hondas over the last 20 years or so. They seem pretty good for the last decade or more, so they have dropped off my "do not buy new" list. Toyota would never have let anything like the notorious fuel pump relays go for so many decades, or the automatic transmissions between 1998 and 2005 that earned the 2003 Accord the second worst record in carcomplaints.com 's database.
I own a 14 Honda Odyssey 95k miles. Bought new from dealer. AC line went out over the summer. Warm air only out of the driver side vents. Went to dealer: $1200. I forget how much the extended warranty when new was but it was probably more than 1200. So in the end, it wasn’t needed.
15:30 Also good advisors! It doesn’t matter how good a technician can look over a car if the advisor will just pick and choose for the customer because they think you can’t afford it.
I just discovered your channel the other day and subscribed. You must be the most well-informed Toyota guy I've ever seen, and are you like the nicest guy ever or what?! Thank you for your excellent, detailed, straightforward, very informative videos. Toyota is lucky to have you.
I think there might be several of your viewers who are considering buying a Toyota vehicle, who would be interested in knowing what Toyota dealer you work for, because you are the cream of mechanics.......someone who cares!
You can get a prorated portion of the warranty back in the event you sell your vehicle. Did this with Honda/Acura Care from Honda/Acura when I sold my Acura. The only warranty work utilized was to replace the hood struts that were failing after 4 years or so... YMMV
Thank you, AMD. Very helpful. I’ve just purchased a 2025 Toyota Camry AWD Hybrid. I appreciate your visceral opinion. I feel more informed and I will purchase the extended care warranty from my dealership.
Just bought a 2021 Nightshade 4Runner, was quoted $1,700 for 125k mile 8 year Toyota Extra Care Platinum warranty. For 8 years, it works out to around $17.71 per month for 15,625 miles annually, which doesn't seem that bad. Haven't decided yet, but the price seems worth it since we plan to keep for around 8-10 years.
For reference, one year later.. I just went through the car buying process. The 150k, 10 year Extra care is $3,100 for a 2023 Corolla SE. I didnt pay that.. but just for reference, I negotiated it down to $2,100. Being retired I felt it easier to budget for repair expenses in the future knowing I was covered.
Back in September of 2019 I purchased a used 2013 Toyota Camry SE. It looked like a brand new car and had just over 55,000 miles on the odometer. It was a Toyota certified used car and it goes through a 160 point detailed inspection before it can get that certification. The dealer had all of the service records for it and it was a one owner car . I feel I negotiated a fair price and agreed to buy the car. In the sales office I was offered an extended Toyota warranty. I asked what warranty comes with it . Guy said being a certified car it does come with a full 12 month, 12,000 mile bumper to bumper warranty. To make a long story short I opted for Toyotas factory platinum warranty on the car. It extended the warranty on the car for another 96,000 miles to a total of 151,000 miles on the odometer or for 8 years ( until 2027 ) what ever comes first. I found the price of the warranty was negotiable and I ended up paying 1500 for the warranty. The length of the warranty and the mileage was Toyotas longest options. I plan on keeping the car until the wheels fall off. For me its a good investment that gives me peace of mind that no matter what happens to that car ( except tires and brakes ) Toyota will fix it with no deductible and absolutely nothing out of my pocket. Even if nothing happens , I am fine with that. Peace of mind no matter what happens. The car and the warranty are completely paid for and I have the title in hand. If I would sell it ( cant see any reason I ever would ) the balance of the warranty is transferable so that actually makes it worth somewhat more. As of May 2021 I have not had a single issue with the car. Its babied and taken care of as it should be. Not too many companies will warranty a six year old car for another 8 years or 151,000 miles. Thats how much faith Toyota has in the 2013 Camry........BTW it has the 4 cylinder engine and the 6 speed electronic controlled transmission, which overall has proven to be bullet proof with few exceptions.
I’m a Maryland resident, but Toyota car from Toyota dealer in Virginia. When it blew a head gasket, Virginia dealer said that was from the previous dealership and would not honor the extended warranty that was from Florida. Called Maryland business which said they had no dogs in this fight Being that it was a Florida policy but in Virginia. I had called the warranty people, and they said go ahead and fix it. After fixing, they asked me for my number for confirmation, which they never gave me during the initial call. After three calls, I talk to the legal department And stated that I have proof I talk to them before the repair and then if they would like to pay for my vacation to come to Florida, I would have the funds and time available to do it. They said they would issue a check in a week and they did. But only because I had the means to sue their ass.
Even the factory warranty, it doesn't cover anything wearing over time. Do you think which components on the car don't wear overtime? Electrical items, isn't it? But most electrical items are for convenient purposes.
@@pepeshopping Especially see if the value of the car limits what will be done. If Blue Book is $2000 on your very well maintained Camry and it needs a $2500 repair (that you could do yourself for $800 plus a bunch of hours of your own labor) the warranty may be worthless.
A friend of mine bought the FoMoCo extended warranty on his Lincoln MKS. Worth its weight in gold, it's replaced the touchscreen, the super fancy electronically controlled struts, and it's probably going to buy him a new electronic power steering...thing because it's starting to make noise.
My wife was in Finance at a Honda dealer, when we went to buy a Toyota and knew some of the people there so we got the warranty at their cost, it was only about $500 so it was well worth it. We paid a lot more for a warranty on our current Pilot but had to have all the injectors replaced at 50K miles so that was worth it (they charged the warranty but afterword I think Honda extended the factory warranty to all owners). A guy at work used to work for a Nissan as a mechanic, when he went to buy a used one at another place he could tell it had a exhaust manifold issue but they said no. He got an extended warranty with one deductible per visit and not per issue. He almost right away had almost $5000 worth of issues fixed under the warranty.
Hello again Care Care Nut:-)) I just bought a Camry Se with 45,000 KM last Friday thank to watching your videos. I was offered a 4 year warranty at the time of the purchase. The Toyota dealership offered 2,500 $ warranty for 4 years and if I don't use the warranty I get 2,000 $ back at the end of 4 years. I declined the offer as the car should last for 7 years I would assume. The manager didn't disclose what they cover in this warranty. The car comes certified but I will have it inspected by a trustworthy mechanic as certification is valid in Canada only 36 days here in Canada. Kind Regards and thank you
If you have a new car, some mfg allow you to buy an extended OEM or factory warranty as long as you are still under the new car warranty. So if you are at 2yrs and 30k, you could buy the factory 8yr/100k extended warranty. Also, you can buy that warranty from pretty much any same brand dealership, it doesn't have to be where you bought the car from (depending on local laws).
As a retired mechanic/Instructor and worked for a Toyota Dealership for 12 years. I 've owned Jeep products since 2005. Nothing against Toyota but I like Jeeps. any how, I only purchase an Extended Factory Backed warranty. My deductable is $100 for Maximum protection. The coverage is for 60,000 or 5 years. My one Jeep required a new radiator after the regular waranty expired. Jeep replaced the radiator and both hoses and drained the coolant and replaced the hoses and coolant. I paid an extra $150. for a new thermostat and housing out of my pocket. I never ever trust these warranties one sees on TV or Ads. John
I recently bought a 2020 rav4. The only extra thing I opted for was the rust protection. The car still has the factory drive train warrenty up to 100k or till next October. The extended warrenty they offered me only covered internal things like power seats or minor electronics. I figured if these things break I could fix them myself or pay out of pocket.
I bought a new 2022 toyota innova 8 seater in the philippines with a diesel.They sent me a bid on the phone to my email they gave me a really good price.They didnt try to sell me any extras .I was a pleasure to deal with them no hidden charges or scams.They pretty much have a one price sale here all the dealers are pretty much the same.But the dealer was fantastic.A great experance .
Never buy an extended warranty. Take the $40 (plus interest) a month the extended warranty would cost and put it in a separate bank account. Now if something goes wrong pull from that. My experience is unless you are both a mechanic and a lawyer to be able to read the extended warranty they will find a way to get out of paying and you will be stuck paying the warranty and the repair bill
I’m not going to but extended warranty I’m gonna buy a new Toyota and if something bad happens I will be taking it to this guy ! Just keep up with all your maintenance guys he explains every maintenance procedure
I am a Toyota fan. But, for good reasons I hate my dealer, where I have bought three new vehicles. Thank you for great info. You answered my throttle body questions. Great job! Thank you. I do need to know a reputable Toyota dealer in SW Va.
I bought a extended warranty for my 14 Corolla ( Vision Warranty) and it was covered sight unseen for $1700. So far they have replaced, Radio $1334, Ac compressor and dryer $1746, Cv axle and water pump $1292, Both lower control arms $953. In my case it has more than paid for itself and I have till August for coverage.
@@BigEightiesNewWave also because of ccn. He told me to get them to check the timming cover seal for leaks. And it was . $2500 again covered by warranty. I can't say thing bad about them. They paid almost 8gran for repairs. And I bought it for $1700.
My simple warranty philosophy - If the odds weren’t in their favor, they wouldn’t offer it.
I agree. If the odds are good for them, they’re good enough for me. I usually buy certified used anyway, and they come with an extended warranty from the manufacturer. Often the remainder of the original warranty plus the extended certified warranty are longer than the original one if I bought a new car instead.
If you want true peace of mind, don't buy one of these swiss-cheese insurance policies.
Perversely, I am always glad when warranty runs out on something I have bought. I do not have to wrangle with the warranty administrators; I take care of it myself on my own schedule.
Exactly the same with some additional insurances sellers offer washing machines etc.
@@flagmichael Great advice! Thanks!
I was a proud mechanic and did great work for over 35 yrs. Decided to stop working so hard before I wore out my body. Took a job for an extended warranty company. Talking to service advisors, customers, field inspectors. Looking up levels of coverage for all. It made me sick seeing how people thought they were covered “bumper to bumper”. Company manager approached me at 90 day probation period saying, congratulations! You’re doing great and past the probation period. I said thanks but you didn’t pass mine. And I walked off the job. Their jaws dropped. 😁
Yep I did researched on a VERY much advertised company, "Car Shield" and tons of horror stories on-line and the Better Business Bureau has given them an "F" rating....ouch. When I had my truck in the shop, they asked me if I had an extended warranty and I replied, "I AM the extended warranty...I do all my own maintenance and any repairs I can handle!"
@@coloradoboo1071 F Whoa.
yes dave
@@coloradoboo1071 GREAT IDEA!
Based beyond belief.
best warranty . Put $500 a year on the side and don’t touch it. By the time something break use that money. Now you are the warranty company
Id rather use or invest than money and not lose the inflation.
@@SuperReviews4you if you are afraid of inflation then invest that money in gold than it will only go up that's what I do thair is a website that let's you buy gold then you can use it like cash on their card
@@justinb1536 Gold does not always go up. In August it was $2070; now it is $1837... an 11% loss in half a year. I remember January 1980, when there was so much hoopla about Gold hitting $850 (equivalent to almost $2700 today). Within a couple of months it dropped to $300-$400 and stayed there for years. Gold has lost about $100 per ounce just in the last month.
I bought an extended warranty for my new car $1700. Covers for 7 years or 100k miles. Not too bad. Too much electronics on these new cars. Peace of mind.
That’s a good price Jon. Is that Toyota extra care?
I bought a 2023 RAV4 Hybrid Limited. When I got in the finance office he started telling me horror stories about expensive electronics failing and how much repair cost. He talked me into a 10Year warranty. When I got home I did a search on the company and only found two negative comments on the BBB website. There was nothing else about the company on the internet. It was like they scraped the internet getting rid of any reviews or information. I was afraid the company might not even be around in 10 years. I went in the next day and canceled it. The main reason I bought a Toyota was for it's reliability. I may reconsider before the factory warranty runs out because of all the fancy features of the limited. Why the industry makes the buying process so unpleasant and there is no honesty or integrity. I dislike going to dealerships for that reason.
you can get a refund
Ty
I bought an extended because I was afraid that the convertible top might break on my IS350C. However, the deal maker for me was that it was 100% refundable, if the extended warranty is never used. The catch was the customer had to request in writing the refund within 60 days prior to the end of the warranty. The company that provided the warranty most likely believe people will forget about the refund or assume the refund is automatic. There was only one problem during the extended period, the side view mirror. However it was a easy DIY fix so I never used the warranty. In the end I got my refund. Reading is fundamental.
Which company was this?
Bought a 2017 Tacoma. Refused the extended warranty. At 38k my power steering rack had a bad leak. Was quoted $3,700 for the repair. My dealer went to bat for me with Toyota to try to get the repair covered, since it was a premature wear. Toyota didn’t cover it, but my dealer actually paid for it. But I wish I would have gotten the extended warranty. But thankful for a good dealership though!
$3,700 for a power steering rack, Total BS, A new Toyota rack is less than $1000
@@bindingcurve they said it was the labor because the mounting bolts are on top and they would have to lift the engine to get to them…
Most off-road shops cot the bolts and install new ones from the bottom. I hope they flipped the bolts. Even if you lift the engine it's NOT 2700 in labor.
The biggest reliability myth scam is the one perpetuated by Toyota. Their cars & trucks break just as much as the other brands (with perhaps a bit less frequency). Plus Toyota denies claims at the same rate if not more. People are unfortunately more gullible now than in the past.
Been in the car biz many years 20+ with Toyota, 5 w/used Dlr & also GM
Im a skeptic
This indicates, the leak may not have been an actual costly repair.
It could have billed as costly for a lengthy procedure
Many dealers ask for the big fix first.
As a fall back they do the quick or basic repair,
ie gasket as opposed to entire replacement.
I would like to believe your guys did the noble thing.
Their opening request & ultimate resolution leaves me doubtful
Obviously from watching your channel, AMD, you're a great mechanic - but you're an even better person for sharing the info in this video. Very honest and helpful! Wish you worked at my local Toyota dealership! 👍
Excellent excellent excellent educational videos
Yeah. AMD word and recommendation is considered gold.
I did buy my EW from the dealership when I bought a 1 yr old/20K 4-Runner in 2013. Coming up for 7 years ago (62K miles!). About 4 years ago, they did replace the rubber piece that was making the “handle” of the lift gate weird.
I’m a 75 yo female with zero mech/tech knowledge but have started watching your videos. Love them
Just texted my dealer service rep and gave him your UA-cam info. Also asked for a copy of my extended warranty so I can look for the things you mentioned. Thanks
He's the only channel I subscribe to. I have had a Toyota truck since 1984, and the end of this coming February, I have another new one being delivered. I learn things that I didn't even know to ask about, giving me a great education on the vehicle I drive everyday.
Me and my friends have bought Extend warranty, dealer salesman just said “We cover Everything, no problems “. But they did lied when we need trying to fix our problems. Big lied, by Melody Toyota and Recently by by City Toyota.
Finally! Someone in the auto industry who tells the truth, has [un] common sense and logical...refreshing!
When I purchased my wife’s Highlander, Finance manager asked if I wanted extended warranty. My words to him were....”No thanks, that’s why I’m buying a Toyota, plus the money I save from not buying an extended warranty I will put it aside and use it for oil changes and regular maintenance”
He looked at me and told me no one has ever put it to him that way. 9 years later car is still running great with basic maintenance.
LOL, family member bought a rav4 certified preowned and I said the same thing about the warranty.....
I love your statement! You have a plan and sticking to it and it worked out great! Most people show up at the finance office having no idea what’s what.
Purchased a 2011 Kluger, that's what the Highlander's called in Australia. After 11yrs and 200,000klms, still runs like a dream and never had to replace anything. P.s one thing they didn't tell me, it's speed limited to 185kph😉
My 2002 Prius (now my son's) needed its first repair besides the usual consumables - tires wiper blades, 12V batteries, a windshield (Arizona is the Land of Flying Rocks) - at 198K miles: the inverter coolant pump. $150 plus a few hours getting to it and life was good. It just got a hybrid battery rebuild ($2000) out of my pocket at 210K miles and 19 years old. Would I really have spent only $100 per year for an extended warranty that would actually have paid for those, and would it have extended past 200K miles? Sure, why not? Any wacky thing _could_ happen.
@@TheCarCareNut If you end up in a finace office at a dealership... You're already chum in shark infested water...
I've typically done well with extended warranties. My last car had a 10 year warranty on it (5 extra years) and in the last 2 years, I had almost $6000 worth of repairs covered on it. That warranty cost about $2300. I keep my cars a long time, so I like the peace of mind. The way I look at it is, I'm prepaying for a few smaller repairs to have the cost included in my payment. Then if/when something goes wrong down the road, the cost is already covered. When I purchased my new Venza recently, I purchased a full 10 year warranty for about $2500. I know the Toyota Hybrid system is very reliable, but these cars are also VERY complex, so if anything does go wrong, it can get very expensive very quickly. I also have yet to have a AC system last longer than 8 years in any car I've had over the years so I figured at the very least, I'll get a replacement AC system out of it (which is typically $2-$3k). From my experience, things start to go on cars after about 7-8 years. I purchased a 3rd party warranty from the dealership as Toyota's ECP plan doesn't go any longer than 7 years (or 8?). I wanted something to cover me the full 10 years. The top level warranty I chose covers all the same things the factory warranty does, but doesn't come with the 3 years of free maintenance the Toyota ECP does. To me, having the few extra years of warranty is worth a lot more than a few extra oil changes (especially since my dealer gives the first couple of oil changes for free already). If you change your cars every 4-5 years, it's likely not worth it to buy an extended warranty since most things are covered during that time already. However, if you keep your cars long term (like I do), it can be a good idea.
I had the same rationale. I drive a very reliable Tacoma, but seeing how the air-conditioning and electrical audio and suspension components are not under the powertrain warranty I’m happy I went with an extended warranty that covers all of the above.
Thanks for this info. Would you please name the extended warranty company you’re talking about, since you were happy with them?
@@searchforthetruth1998n8.
My dealership experience as a tech was that dealers spend the bare minimum and cut every corner possible to get the used cars through service and onto the lot for sale. I was removed from one for refusing to replace unneeded parts under extended warranty to pad the dealer's pockets and boost the service manager's numbers. Buyer beware.
thats not your job to refuse, if the money is coming out of the customers pocket then yes you'd be right, otherwise your an employee do what they tell you to do, if its stealing its not you doing the theft its the service manager you're just a paid robot
@@avi614614 it's absolutely my job to refuse to participate in warranty fraud. To clarify, this was money being stolen by the dealer from the manufacturer. Maybe you're ok with this as I've seen many who are. I refuse.
@@avi614614No
@avi614614 They tried that arguement at Nuremberg... Didn't pan out so well there.
@@avi614614 really? You need to re-calibrate your moral compass. He did the right thing.
One of the main reasons I now drive a Toyota truck was when the transmission failed on a GM truck 2 days after the factory warranty lapsed and GM told me they wouldnt cover it, despite me being a GM employee at the time . Ive always been more than happy with the way my local Toyota dealer has handled any problems my truck has had.
Wow! Sorry to hear about that. What a slap in the face for GM not taking care of you. 😠
*Former GMHE employee here. Sure, with multiple discounts, rebates and thousands of GM Visa Card points they were always cheap to buy and then die horribly expensive deaths. GM just being their normal, greedy a$$hole, miscreant selves. GM's PT Barnum sales philosophy is why Toyota crushes GM in worldwide sales. The Schadenfreude in watching this unfold warms my heart. Cheers!*
@@blackrifle6736 also the dealer experience is stark difference. I don’t know why but within the same auto group I had a bad experience with the Chevy arm but loved my Toyota experience. Maybe Toyota holds their franchisees to a different standard?
@@Trammael *Precisely. At all levels, TMC has zero tolerance for the unethical, BS games GM not only allows but actively encourages from its dealers. GM's mantra is and has always been: "Get the Rube to sign and push the Iron out the door. Nothing else matters". Cheers!*
GM does not build quality vehicles. I have employee discount on Gm vehicles. I have two Toyota's and two Honda's none of them have had problems except oil changes and maintance routine. All four vehicles are in the family. My father is a GM retiree and they do not care about them either. My Father owns a Honda as well!
AMD, this is the single most important video that you have done! Kudos to you for taking this to the task. The truth is that there are warranties (factory and Toyota Extra Care) and there are vehicle service contracts (VSCs). The factory warranty will cover parts and labor at 100% with NO deductible and use factory parts. VSCs have a long list of exclusions, can require the customer to pay a deductible and use aftermarket, rebuilt or even used parts. Furthermore, the VSC administrator will decide whether they will cover the cost of the repair or not. They could refuse to pay your mechanics' labor rate because they think it is too high. Here is the kicker, that VSC that is advertised on TV all the time has another gotcha - the removal, the tear-down, inspection and reporting fee. Yes, they could require this to decide if they will pay for the repair. In this removal, tear-down and inspection procedure, the owner is on the hook for this. Read the fine print! Check the BBB and other sources for VSC complaints before buying. VSCs may delay the start of your repairs while they think about whether they will be for the repair or not. VSCs are like insurance companies, you are dealing with an "adjuster" (administrator) that will decide your fate when you need a repair.
If you buy a new car and the finance guy sells you a VSC, it is likely that the VSC coverage will start when you drive off the lot meaning you are paying for duplicate coverage with the factory warranty which will supersede the VSC coverage. You need to have the finance guy put in writing when that VSC period begins.
Buy a Toyota or Lexus and do the required maintenance on time. My 2004 Tundra has the original brakes and clutch. The only repair that I have made was to replace the #2 O2 sensor because the heating element died. The part cost me $45.00 and 20 minutes of my time to replace it. Toyota's are bulletproof if you do the maintenance correctly and as scheduled. Save your money and take the money for the VSC and put that monthly fee in the bank for repairs. Better yet, take the money that you would sink into a VSC and use it to pay down your credit cards.
AMD, thanks for discussing this misunderstood car ownership issue.
I almost bought an extended warranty for my 12 Nissan Murano which I bought used in 14.The dealer wanted $3500.I declined. It now has 131k miles on it with normal wear and tear and runs and looks excellent! Your right put the money in a bank and use it for any repairs that may come up
Excellent assessment! Thank you!
J
Great info on warranties-but Toyota products are are not bulletproof, sorry.
@@jamesbrett567 Well, my Tundra and 4Runner have been nearly bulletproof. My 2004 Tundra has only required the replacement of O2 sensor #2 when the heater element burned out. It cost me $45.00 and about 20 minutes of my time to replace it.
I always buy new cars and I've never bought an extended warranty on anything in my life. Just a waste of money in my opinion. Love your channel btw. God bless you and your family. 🙏
I never buy extended warranties, but I made an exception when I purchased my 2015 BMW X1 used in 2016. I now have one year remaining on my extended warranty and when that's over I'm selling the X1. I've heard too many horror stories about older BMWs and their repair costs.
The extended warranty I purchased was a BMW warranty. There is NO WAY I'd buy an extended warranty through a third party.
Edit: putting that BMW up on the screen to illustrate vehicles that have continuing problems made me smile.
BMW = buy more worries, any BMW over 80k best to get rid of it.
I had me the warranty for my 2017 camry... I never used it. It was a mistake... Toyota is the most reliable car on the planet...
I had an extended warranty on a Honda complete waste of money. I did not have a warranty on a dodge product. That was a mistake.😊
1. If you're going to do it get extra care, not another company.
2. Are you planning on holding onto your car past the powertrain warranty period? If so maintain it and do NOT use the Toyota service schedule which will tell you your transmission and differential fluid is lifetime. It also states your coolant is ok to 100K. I recommend 30-40K on automatic transmissions, coolant at 60K, Brake fluid every 2 years, Manual transmission and differentials @ 60K. Oil and filter changes at 5k with conventional and 7.5K with synthetics are ok providing you use OEM filter and check the oil in between changes at least every 1-2k. Do this and it's doubtful if you'll need to spend the money on extended warranty. BTW I am a former MDT who currently owns his shop and I have 38+ years in the business. My first Toyota certification was obtained in 1985.
Good advice! Thank you!
Thank you !!!
What’s MDT mean?
I am one week away from visiting dealerships and this is exactly the information I needed to make some meaningful decisions. Thank you so much for taking the time to explain the different warranties.
With the extended warranties a lot of people don't realize that they can actually get reimbursed for their warranties and they can get a check in the mail which is what I got when I recently traded my 18 Camry for a 22 xse. 2 weeks later I received a check in the mail for my warranty which I never really had to use so people need to keep this in mind...
So much honesty here! Appreciate this video. In April 2019 i bought my 2013 ES350 with only 30,009 miles on it from a non-Lexus dealership. THe original owner traded it in along with a high mileage BMW. Since i financed it, i decided to get a 4 year 48k miles extended warranty. I did it for piece of mind, yes it’s similar to car insurance. It’s for a “just in case” situation. Although these Lexus ES350’s are virtually bullet proof, you just never know. In hindsight now after owning this for almost 2 years, i wouldn’t get the extended warranty if i had to buy a similar ES350 today. at that time i lumped the warranty into the car finance so it wasn’t a big upfront cost.
Awesome video AMD! If I had a mechanic as good as you around my town, I will not be buying extended warranty and just rely on the mechanic and pay out of pocket for repairs.
The magic bullet is to find a mechanic as good as you.
We got the extended warranty on our 2017 Tacoma. It’s been a great trouble free vehicle……except for the air conditioning that essentially disintegrated after five years. It cost us zero to fix as opposed to thousands without the warranty. The insurance comparison is very true.
this is the BEST Video i have ever seen on extended warranties.
I love this guy! No question he's the real deal and he lays it down straight. God bless you, brother!
God bless this man. This video helped me decide if I really need an extended warranty. We need more people that are as honest as you, sir. Thank you
I brought my friend who owns the Insurance Agency I go to, He talked me out of all the warranties on my Tacoma Trd PRo. Told me I had full Insurance and it was a Toyota, I didn't need the any of Extended warranties. Love the Knowledge you share, Thank you bro
Let me understand this. Your friend that owns an insurance company talked you out of buying any extended warranties because he told you that you had full insurance and it was a Toyota. I don't get the full insurance part and you don't see the irony in that?
I liked when you talked about waisting money, on an extended warranty, and then compared it to car insurance which you have to get and don’t always collect on. I usually would keep a car at least 10 years with low miles and get an extended warranty. I would get at least 2 claims and get some use from them. I can’t stand those 3rd party warranty companies that always call you saying that your warranty just expired and try to sell you coverage!
Its a waste of money to some that never had issues with their cars. And to some it’s a must because they’ve had a bad experience that left them with an expensive out of pocket repair and wished they had an extended warranty.
Got Mercury extended warranty platinum for my Prius from the credit union who offered me the loan. It lowered my loan rate and covered tires damage and deductible on comprehensive insurance claim besides mechanical breakdown. So far it had paid itself back and still valid for another 25,000 miles. A genuinely good product.
@longochu8588 what did you have to use it for?
@@gavnonadoroge3092 2 incidents on blown/damaged OE tires (still relatively new; fragile, expensive and only available from dealers). Also a $500 credit on cracked windshield (expensive too with sensor placements). They already exceed the $650 I paid for. Maybe one more minor repair but I forgot what it was.
@@longochu8588 thank you
Whatever this guy says, he means. He has saved me thousands and his channel is thorough and informative. Can say enough but thank you!
This is the best channel for cars on UA-cam!!!
I've been to numerous shady Toyota dealerships recently, that pride themselves on their lifetime warranties. Thanks for reassuring me about these bogus in-house warranties, BTW another great video. Why isn't corporate doing something about these stealerships. Sadly to say this is the last straw with Toyota for me.
Keep in mind dealerships are not owned by the manufacturer. They are owned individually. Dealerships make very little money on new cars, they make majority of their profit from backend products such as warranties, paint protection, maintenance products (basically all the products they try to sell you when sitting in the finance office signing papers), and their service department.
I’ve never bought a warranty, I work in the business and just know better. It’s almost always a waste of money,
@@truthlove1114 Exactly, hence why they have such a horrible reputation. If corporate would audit these shady stealerships, they may sell more or at least have more repeat buyers...
I’ve got news for you. They all do this.
This was some very good information. I laughed at when you said: Lifetime Power Warranty. My local Toyota Dealership offers that. They advertise it in every commercial. I like an honest mechanic. When I bring my car in for service at a Toyota Dealership. Tell me everything that is going on with my car. So I can stay in the know of what's going on with it.
I think some people have issues with extended warranties at purchase because they never factor in the potential $2000 extra the warranty could add to their purchase when they're already at their max purchase price or they may have experienced a year or two of maintenance issues after a used car purchase of things the warranty doesn't cover anyway. Not to mention some warranties are only for a set time after purchase. If I buy a 3 year warranty and nothing ever happens until year 4 when my engine or transmission goes up then I'm up a creek anyway. It's a roll of the dice. I say if you're going to warranty the car the put that price on the sticker. Don't shock me when I get to the finance office. My two cents.
Good advice, I have to tell you I had a very rare “lifetime powertrain” warranty. It was only offered through Chrysler for 1 year 2007 and it was free. I kept the car 13 years. They replaced seals, driveshafts, gaskets and in the end at 227,000 miles an engine...all for free. I kept a paper trail through the dealership of everything I had done to the car...they never questioned any claims. On my new 4Runner I have an extended warranty through my insurance company which I’ve used before without any issues...very inexpensive. Thanks for the information.
@firebir11 what is the name of your insurance company?
I said no to all the extended warranties for my 2016 Corolla S. Five years and 60k miles later and she still runs as smooth as day one. I just did the 60k service myself including the atf and I'll be flushing the pink coolant soon. The garage has really done wonders in preserving the exterior, all the plastic trim on the outside still has its glossy black sheen.
Thank you for sharing all your knowledge to the Toyota community
God Bless 🙏🏽
Pink toyota coolant doesn't need first change until 10 years/ 120k miles
@@matt4398 Some people do it as a precaution. The idea being take the recommended service interval and cut it in half.
A most timely and informative video for me. I'm close to the end of a 3 year lease on a 2019 Toyota with a very low miles. I decided to buy the car and purchase an extended warranty. Shopped on-line and at the dealership from where I leased the car. Prices in the $3k to $4k range for 8 years/100k miles. Decided to go with the Toyota VSA Platinum for which my car is qualified. Thought I would check if the quoted VSA price was negotiable and called 2 other dealerships. Both quoted prices significantly lower than the original dealer's. I learned from your video that the powertrain warranty on new Toyotas goes to 60 months. All good.
As an old DIY amateur mechanic on old British cars, I enjoy very much your repair videos.
Thanks.
I had a buddy that co-owned an appliance store with his dad. They didn’t make much profit on sales of stoves, washers and dryers. What kept them in business was extended warranties. Greg said that for every dollar a customer paid for the warranty it cost the warranty company .10 in covered repairs. It’s crazy to buy a warranty on a car that is covered by a new car warranty.
I have a 2018 Toyota Camry XLE Hybrid, the driver side headlight malfunctioned, 4 trips to the dealer the replacement was $1900.00, I bought the Toyota Extra Care
Platinum warranty 10 years 125k miles for $1100. You also can buy the Toyota warranty from any dealer as long as your car is still under factory bumper to bumper 3 years 36k miles warranty. My local dealers wanted around $2100 for the same warranty that I got for $1100 from an out of state Toyota dealer.
Why in the hell does the headlight cost $2000.
@@bindingcurve if it was an LED/Jewel Eyed headlight, that’s why. 😊
I had a ‘14 MDX w/ Advance Pkg and a headlight replacement was $1200.00.
I wish all technicians are like you who are truthful and honest! Especially when working on a customer's vehicle!
Before I watched this video I had a lot of questions about extended auto warranties but after watching this video you've answered all the questions I needed so thank you for that. I wish that however there was more information in the UA-cam World about Lexus vehicles.
We've had two vehicles with extended warranties: My 2008 Camry LE (2.4L) and my wife's 2013 Honda Fit Sport. For mine, the extended warranty was used, quite a bit. Before the six years (100K miles) was up, the rack-and-pinion and radiator were replaced, along with a transmission seal leak. (Later, the ubiquitous problems with the falling sun visors and the melting dash were dealt with, N/C). For the Honda Fit, well, just a couple of Dunlop tires (which were terrible, BTW). So, as they say, mileage will vary.
On a related note: It's my understanding that work done under a Toyota Extra Care warranty is not as lucrative, for the technicians and the dealership, on a per hour basis, as non-warranty work. I have also heard, from multiple sources (text and conversation) that because of this relatively reduced hourly rate, warranty work is often not assigned to the most experienced and skillful techs, but shunted off to a lower-level technician, whenever possible. Sometimes that produces poor outcomes.
Finally, there's the proverbial "elephant in the room" vis a vie dealerships (and independent or chain shops) as service sites. Generally, I've heard this described as the split between "diagnostic" and "merchant" cultures. A diagnostic culture goes to an accurate analysis of a car's potential for emergent or actual problems, and offers preemptive or immediately necessary remedies based on accurate diagnosis. (You're clearly in that camp, the diagnostic approach).
On the other hand: Many dealerships (and independent/chain shops) sell services, whether they are necessary or not. Case-in-point: The local Toyota dealership pushes transmission flushes, which we know are terrible for transmissions. I've gone as far as to show them the TSBs from GM and Honda, explaining to these dealers that they will void transmission warranties (for GM and Honda vehicles) if flushes are performed. . These "wallet flushes" are high profit services, so these kinds of recommendations continue, even if they are unnecessary or even harmful to vehicle life.
AMD, you're clearly an ethical practitioner of a diagnostic approach. I recognize and value that you have t technical expertise, communicative skill, along with a code of conduct. (And some service writers and shops have this ethos, many do not). Eventually, I hope that you address, in a general way, the difference between these two types of culture around auto maintenance and repair.
Again, it's a great video, a significant public service.
AMD, you always give great advice to us Toyota owners. I bought my 22 Tacoma in March of last year. Following your advice I asked for a oil change at 5,000 miles. Service manager said it is not due until 10,000 but we can move this one up and you will have to pay for the 10,000 mile oil change. So yesterday I went in for my 10,000 mile oil change, same service manager said well will use your last free service for this. I said well so much for the 2 years free service. He said that is all that is allowed by Toyota because the truck is designed for oil changes at 10k intervals. I’m not sure that I am being told the truth. He tried to tell me that I was not understanding the way that Toyota builds the engine now it no longer needs oil change or service as the old ones did.
You should have paid for the oil change at 5k miles yourself. I did this with my Lexus and stayed on schedule with the free service
I bought a used Tundra with 5.7 V8 only 35k miles. It came with 100k extended warranty. So glad to have it when I discovered dreaded cam tower leaks at 75k. A different Toyota dealership covered entire repair and gave me a RAV4 loaner. $50 deductible.
Only buy an extended warranty if your 'Toyota' is made by Subaru, BMW/Magna Steyr or Mazda. The lifespan of my Toyota has been e-x-t-e-n-d-e-d by Krown Rustproofing and Amsoil Signature Series synthetic oil for nearly 16 years and there are no signs that warranty will be running out any time soon ;-)
In this video I love your analogy of if you buy a warranty and don't use it waste of money? Then reflect on car insurance,
Thanks for educating consumers it's rare to hear someone tell the truth about these things I was a diesel mechanic for a long time but I'm also a NYC Firefighter i ways do my due diligence when buying a vehicle and rarely get an extended warranty because I can do almost anything that can go wrong but because i work two jobs I would sometimes buy a warranty on certain vehicles because if something catastrophic goes wrong I'd rather it be someone else spending the time to fix that my off time is way to valuable to me
I really really like your video, especially this one. Yes, the warranty does not cover typical things that fail like tires, brake pads/rotors, spark plugs, 12V batteries, timing belt, clutch, Struts, shocks.
Some covers bushings, stabilizer rings, steering linkage, brake pads, bearings, brake booster in Hybrid, hybrid battery, valve cover gaskets, sparkplug seals, thermostat, sliding doors, lock-latch, and water pump.
I have the Toyota factory extended warranty on my 2015 RAV4 which I bought new. My water pump failed 6 months ago and it was 100% covered under the warranty and got a free RAV4 loaner while it was being replaced. I am very satisfied. That it is the only problem I have had with the car so far.
@@rgerepka Thanks for the info, good to know, I was wrong about the engine parts. Every extended insurance has their FINE print that is tricky. But usually, they do not cover wear items like tires, brake pads/rotors, spark plugs, 12V batterie, and clutch. Some cover shocks/struts, but not all insurances do that. How much did you pay for the extended warranty, for how long (miles/year)? The water pump typically lasts at least 150k miles. The problem with hybrid, they use an electric water pump and do not leak, they fail internally from disintegrating plastic/nylon rotor or propeller.
My usual thinking. Its a Yota, i dont need an extended warranty. 🤠
Same here, but extended warranty or VSC is more like an insurance policy for peace of mind 🙂!
I am a fan of "take care of it and treat it properly" and i pass on all the warrantys, especially aftermarket non oem warrantys.
I was a mechanic for 30 years and I agree with you on extended warranty. Is no different than paying for car insurance. Why not. I got so many scam calls after I got my extended warranty. Claiming to be my extended warranty and emerge not. I can’t remember how many times I went the dealer to ask and told that was scam, don’t worry about it.
the best warrenty is routine maintaince change the transmission fluid every 25000 miles change the oil every 3000 miles change the fluid brake power stering every year.
@@southernc4919 I’m with you. That is a bit excessive. Of course, there’s not really “too much maintenance,” so if you want to put in the time and money, then more power to you. Your maintenance schedule matches mine.
My wife and I purchased a new Highlander with 3.3 liter engine from a dealer in the midwest. We purchased the Toyota extended warranty from Toyota. The finance guy explained how things like power windows might start to have problems after the factory warranty. This was 19 years ago. The Highlander is a 2004. It has been the best vehicle that we have ever owned. I do 98% of the maintenance myself. I had to install a water pump a few years ago. The dealer did this. No drive train issues or engine issues. Also, after 19 years we still haven't had any power window issues. We didn't get any use from our extended warranty but like you said, it's just insurance. Great video! Great information!
I bought an extended warranty for a new Toyota in 2011. At the time I thought it was a good deal at $2k for 10 years and 120k miles. I ended up using it for a water pump replacement at around 90k. This is on a 3.5L V6. The water pump sits about an inch from the passenger side body/frame. The replacement is a bit labor intensive. Dealership gave me a loaner while my car was in the shop. I think I got my money’s worth for that warranty.
Problem is, not every mechanic is as honest as you. A good honest, reliable mechanic, is hard to find.
Just purchased a 2020 XLE Highlander with 20000 miles on it. We bought the 7 year warranty for $2000. I figured if it had 20k miles Bc it was a rental it would be worth it. Time will tell I guess
Get a factory or OEM mfg warranty. Be very very careful of third party auto warranties. They have high deductibles and lots of exclusions.
Probably one of your best videos so far...
Since my previous post something relavent to this subject has happened. Over 2½ years ago we bought a 2009 RAV4 that had less than 19,000 miles on the odometer. The Toyota dealer sold us an aftermarket warranty along with the vehicle that was another $1400. Initially, I balked at spending the extra money thinking I won't use this cause I'm buying a low mileage Toyota. Well, I just got a call from the dealer that I can pick up our Toyota in the morning. They've finished replacing the transmission with an OEM remanufactured unit.
I'm glad I had that 48,000 miles, 4 year warranty. It will expire in another 1500 miles.
Well THIS was timely! Picking up my 2023 Tundra this weekend and this was all good information I will ask the "warranty rep". I have a neighbor couple, wife being a previous Toyota dealer finance manager, the guy is an Autonation service manager. They both say "BUY THE EXTENDED WARRANTY", but add what a reasonable price is for it. They also said "Toyota Extra Care only!" No 3rd party companies!
Bottom line, very helpful information. Thanks so much and Happy New Year!
Without doubt the best channel on UA-cam.
Easy to understand, so smart and untypically honest. Thank You....
I'm 74 (today) and I've only bought an extended warranty twice in my life. Both were from a dealer and were for used cars. The first was on a VW Vanagon. The warranty proved to be a good deal cause it ended up needing CV joints and major engine work that would have cost a lot more than the warranty. The last extended warranty is on our present vehicle. We hopefully will never need to use it. The vehicle was ten years old when we bought it but it had only 18,646 miles on it (in March 2019). We now have 53,750 miles on it and nothing except normal oil changes, tires and regular service. I have done three drain and fills of the ATF and had an after market ATF cooler installed cause it runs hot in the summer. It will need front brakes soon. There is less than 16,000 miles left on that 48,000 mile warranty. Yes, I view it as insurance not a waste... It's a 2009 RAV4 FWD with 2.5 liter 4 cylinder. We are currently averaging 29 mpg using ethanol-free fuel almost exclusively. I personally change the full synthetic oil every 5,000 miles. We paid the dealer $1400 for the four year, 48,000 mile warranty. That was my only mistake, not getting them to lower the price.
You should use the ethanol fuel in a car. It cleans the fuel system. I use non ethanol in items that still have a carburetor, such as chain saw, blowers, weed whips, motorcycles.
I drive a '97 4 Runner 391,000 previous owner didn't buy an extended warranty I bought it with 100 000 17 years ago Truck runs great!
Excellent video. I would always prefer all-inclusive extended warranty a long “not covered” list over a long list of “covered” items.
My first Toyota was a 1975 Corolla. I put 200,000 miles on it and never had a major component failure. She was still running when I sold her. My next Toyota was a 1988 Supra Turbo. I put 450,000 original miles on it. I didn't experience any major component failures until she had over 150,000 miles. So an extended warranty would have expired by then anyway. My next Toyota was a 1998 Avalon. I put 335,000 miles on it without any major component failures. I now drive a 2006 LS430 Ultra with 115,000 miles and no major failures so far. An extended warranty on any of these vehicles would have been wasted money. I get my peace of mind from buying good reliable Toyotas!
Amen, brother!! Minute 15...."the problem is.....finding a good mechanic". I'm 64, and had done everything I know to do, to locate a real mechanic, that will work on my cars the way they would work on their wifes car...with care. I've yet to find one. I know they are out there....but it's like finding a unicorn.
No one cold hate you Sir. You’re such an honest and kind man.
I bought an extended warranty on my new 4 runner. Did not plan on it. But he kept lowering the price every time I said no. And he even lowered the deductible. Then I finally gave in. And less than a year later my sun roof went out. They had to replace the whole thing at $2700. Glad I had the warranty.
The factory warranty is longer than a year. Did you mean a year after the factory warranty ended.
@@jamesheermance7427 Well I’m not sure how long it had been. It may have been a couple of years.
The factory warranty would have covered it for three years or 36k miles whatever comes first.
Oh wow,an honest mechanic with a moral conscience. You are really appreciated. I really love watching your videos. Thank you Sir
I bought my Kia with a Lifetime Power train warranty...6 years and 101k miles later a bearing rod failed. I tried to use my lifetime warranty and was told that the dealership had sold to a new owner and they don't honor the warranty of the past owner. Luckily, there was a recall on my car that I had done through Kia directly, that was part of the cause of the failure so I get it fixed still, but still mad about the dealership games.
I bought a certified 2012 Camry in 2014 and purchased the extended warranty as well. Since I would be using the car for long-distance travel, I thought it a good idea to have one. Yes, I thought that I may never need it and that it may be extra monies laid out at the time of purchase, I always rested well that I had that extra coverage in the event I needed it. I did have a few things that were covered under the warranty so I would definitely do it over again. Thanks, AMD, for another great video!
My wife recently bought a new 2020 Honda Odyssey. I normally don’t buy extended warranties on new Honda’s or Toyota’s, because they are so well engineered - super reliable. However, we did buy the offered extended warranty this time because of all the computers & safety features on new vehicles now a days - new vehicles are SO complicated, so much to go wrong.
For a Honda Odyssey, an extended warranty is a good idea.
@@marklintwo Rant follows: I have soured on Hondas over the last 20 years or so. They seem pretty good for the last decade or more, so they have dropped off my "do not buy new" list. Toyota would never have let anything like the notorious fuel pump relays go for so many decades, or the automatic transmissions between 1998 and 2005 that earned the 2003 Accord the second worst record in carcomplaints.com 's database.
I own a 14 Honda Odyssey 95k miles. Bought new from dealer. AC line went out over the summer. Warm air only out of the driver side vents. Went to dealer: $1200. I forget how much the extended warranty when new was but it was probably more than 1200. So in the end, it wasn’t needed.
Got 2019 Camry certified from dealer with 30,000 miles and purchased the Toyota extended warranty. Thankyou AMD
Watching your video is like receiving cash in my wallet. Thank you very much dear AMD.
You are a gold mine. Thank you so much for your honesty and integrity.
15:30
Also good advisors! It doesn’t matter how good a technician can look over a car if the advisor will just pick and choose for the customer because they think you can’t afford it.
I just discovered your channel the other day and subscribed. You must be the most well-informed Toyota guy I've ever seen, and are you like the nicest guy ever or what?! Thank you for your excellent, detailed, straightforward, very informative videos. Toyota is lucky to have you.
I said no and just fixed it myself with everything I learned from AMD!
That's right!! Do it yourself by listening to AMD and scotty Kilmers 53 years of experience. Save yourself money and diy!!!
who is AMD?
AMD,
raise your hand. 😄
“Raising my hand” I am AMD. What did I do now?
Someone is asking...
I think there might be several of your viewers who are considering buying a Toyota vehicle, who would be interested in knowing what Toyota dealer you work for, because you are the cream of mechanics.......someone who cares!
You can get a prorated portion of the warranty back in the event you sell your vehicle. Did this with Honda/Acura Care from Honda/Acura when I sold my Acura. The only warranty work utilized was to replace the hood struts that were failing after 4 years or so... YMMV
Thank you, AMD. Very helpful. I’ve just purchased a 2025 Toyota Camry AWD Hybrid. I appreciate your visceral opinion. I feel more informed and I will purchase the extended care warranty from my dealership.
Just bought a 2021 Nightshade 4Runner, was quoted $1,700 for 125k mile 8 year Toyota Extra Care Platinum warranty. For 8 years, it works out to around $17.71 per month for 15,625 miles annually, which doesn't seem that bad. Haven't decided yet, but the price seems worth it since we plan to keep for around 8-10 years.
Hi! I think it’s worth it. A single XREAS failure after the factory warranty will pay for that warranty
For reference, one year later.. I just went through the car buying process. The 150k, 10 year Extra care is $3,100 for a 2023 Corolla SE. I didnt pay that.. but just for reference, I negotiated it down to $2,100. Being retired I felt it easier to budget for repair expenses in the future knowing I was covered.
@@ccgaskell thats much better than I was quoted, my dealer said the lowest they could go was 3100 for a 5 year 120,000 lol
Thanks for this. Such a scam these extended warranties. It has never worked for me in the past. Nothing is ever covered.
Back in September of 2019 I purchased a used 2013 Toyota Camry SE. It looked like a brand new car and had just over 55,000 miles on the odometer. It was a Toyota certified used car and it goes through a 160 point detailed inspection before it can get that certification. The dealer had all of the service records for it and it was a one owner car . I feel I negotiated a fair price and agreed to buy the car.
In the sales office I was offered an extended Toyota warranty. I asked what warranty comes with it . Guy said being a certified car it does come with a full 12 month, 12,000 mile bumper to bumper warranty. To make a long story short I opted for Toyotas factory platinum warranty on the car. It extended the warranty on the car for another 96,000 miles to a total of 151,000 miles on the odometer or for 8 years ( until 2027 ) what ever comes first. I found the price of the warranty was negotiable and I ended up paying 1500 for the warranty. The length of the warranty and the mileage was Toyotas longest options. I plan on keeping the car until the wheels fall off. For me its a good investment that gives me peace of mind that no matter what happens to that car ( except tires and brakes ) Toyota will fix it with no deductible and absolutely nothing out of my pocket. Even if nothing happens , I am fine with that. Peace of mind no matter what happens. The car and the warranty are completely paid for and I have the title in hand. If I would sell it ( cant see any reason I ever would ) the balance of the warranty is transferable so that actually makes it worth somewhat more. As of May 2021 I have not had a single issue with the car. Its babied and taken care of as it should be.
Not too many companies will warranty a six year old car for another 8 years or 151,000 miles. Thats how much faith Toyota has in the 2013 Camry........BTW it has the 4 cylinder engine and the 6 speed electronic controlled transmission, which overall has proven to be bullet proof with few exceptions.
You should do a “ how to find a honest/good mechanic video” thank you for your solid advice.
I’m a Maryland resident, but Toyota car from Toyota dealer in Virginia. When it blew a head gasket, Virginia dealer said that was from the previous dealership and would not honor the extended warranty that was from Florida. Called Maryland business which said they had no dogs in this fight Being that it was a Florida policy but in Virginia. I had called the warranty people, and they said go ahead and fix it. After fixing, they asked me for my number for confirmation, which they never gave me during the initial call. After three calls, I talk to the legal department And stated that I have proof I talk to them before the repair and then if they would like to pay for my vacation to come to Florida, I would have the funds and time available to do it. They said they would issue a check in a week and they did. But only because I had the means to sue their ass.
Toyota is reliable. However modern cars have some very complex safety systems. Repairing those systems could represent a major expense.
True, but go check the fine print for exclusions and rules. They are in the business to make money, not to be nice to you.
Even the factory warranty, it doesn't cover anything wearing over time. Do you think which components on the car don't wear overtime? Electrical items, isn't it? But most electrical items are for convenient purposes.
@@pepeshopping Especially see if the value of the car limits what will be done. If Blue Book is $2000 on your very well maintained Camry and it needs a $2500 repair (that you could do yourself for $800 plus a bunch of hours of your own labor) the warranty may be worthless.
People who respect their job, will earn respect from their clients.
AMD , you earn the respect from your viewers because of your honest opinion.
A friend of mine bought the FoMoCo extended warranty on his Lincoln MKS. Worth its weight in gold, it's replaced the touchscreen, the super fancy electronically controlled struts, and it's probably going to buy him a new electronic power steering...thing because it's starting to make noise.
Some people have more time and patience for lack of quality than others.
My wife was in Finance at a Honda dealer, when we went to buy a Toyota and knew some of the people there so we got the warranty at their cost, it was only about $500 so it was well worth it. We paid a lot more for a warranty on our current Pilot but had to have all the injectors replaced at 50K miles so that was worth it (they charged the warranty but afterword I think Honda extended the factory warranty to all owners). A guy at work used to work for a Nissan as a mechanic, when he went to buy a used one at another place he could tell it had a exhaust manifold issue but they said no. He got an extended warranty with one deductible per visit and not per issue. He almost right away had almost $5000 worth of issues fixed under the warranty.
Priceless info CCN, a lot of this I didn’t take into consideration. Thanks bro. much blessings much love
Hello again Care Care Nut:-))
I just bought a Camry Se with 45,000 KM last Friday thank to watching your videos. I was offered a 4 year warranty at the time of the purchase. The Toyota dealership offered 2,500 $ warranty for 4 years and if I don't use the warranty I get 2,000 $ back at the end of 4 years. I declined the offer as the car should last for 7 years I would assume. The manager didn't disclose what they cover in this warranty. The car comes certified but I will have it inspected by a trustworthy mechanic as certification is valid in Canada only 36 days here in Canada.
Kind Regards and thank you
Congratulations on your purchase! What year Camry?
@@TheCarCareNut Ups, it is a 2017 SE, You are an inspiration for many people. Take care:-))
If you have a new car, some mfg allow you to buy an extended OEM or factory warranty as long as you are still under the new car warranty. So if you are at 2yrs and 30k, you could buy the factory 8yr/100k extended warranty. Also, you can buy that warranty from pretty much any same brand dealership, it doesn't have to be where you bought the car from (depending on local laws).
As a retired mechanic/Instructor and worked for a Toyota Dealership for 12 years. I 've owned Jeep products since 2005. Nothing against Toyota but I like Jeeps. any how, I only purchase an Extended Factory Backed warranty. My deductable is $100 for Maximum protection. The coverage is for 60,000 or 5 years. My one Jeep required a new radiator after the regular waranty expired. Jeep replaced the radiator and both hoses and drained the coolant and replaced the hoses and coolant. I paid an extra $150. for a new thermostat and housing out of my pocket. I never ever trust these warranties one sees on TV or Ads. John
I recently bought a 2020 rav4. The only extra thing I opted for was the rust protection. The car still has the factory drive train warrenty up to 100k or till next October. The extended warrenty they offered me only covered internal things like power seats or minor electronics. I figured if these things break I could fix them myself or pay out of pocket.
I bought a new 2022 toyota innova 8 seater in the philippines with a diesel.They sent me a bid on the phone to my email they gave me a really good price.They didnt try to sell me any extras .I was a pleasure to deal with them no hidden charges or scams.They pretty much have a one price sale here all the dealers are pretty much the same.But the dealer was fantastic.A great experance .
Thank you AMD for the great content! I find it valuable and have watched almost every video in the past few weeks
You are opening the people eyes, ears & nose to make that better decision how to buy. Thank you.
Never buy an extended warranty. Take the $40 (plus interest) a month the extended warranty would cost and put it in a separate bank account. Now if something goes wrong pull from that. My experience is unless you are both a mechanic and a lawyer to be able to read the extended warranty they will find a way to get out of paying and you will be stuck paying the warranty and the repair bill
I’m not going to but extended warranty I’m gonna buy a new Toyota and if something bad happens I will be taking it to this guy ! Just keep up with all your maintenance guys he explains every maintenance procedure
Thank you for your honesty and common sense advice.
I am a Toyota fan. But, for good reasons I hate my dealer, where I have bought three new vehicles. Thank you for great info. You answered my throttle body questions. Great job! Thank you. I do need to know a reputable Toyota dealer in SW Va.
I bought a extended warranty for my 14 Corolla ( Vision Warranty) and it was covered sight unseen for $1700.
So far they have replaced, Radio $1334, Ac compressor and dryer $1746, Cv axle and water pump $1292, Both lower control arms $953. In my case it has more than paid for itself and I have till August for coverage.
Sounds like you bought a lemon.
Wow , you bought a lemon !
*My answer was typed without seeing B Byers* : )
@@BigEightiesNewWave also because of ccn. He told me to get them to check the timming cover seal for leaks. And it was . $2500 again covered by warranty. I can't say thing bad about them. They paid almost 8gran for repairs. And I bought it for $1700.