Extended Warranty on a New 5th Gen?

[WannaBe77]

Hey all!

Picked up my 2021 Venture this week. Pretty pumped and loving it so far.

I opted to go with the 6 year 75k mile extended warranty through Toyota and have 30 days to cancel.

I was told that this warranty covers issues outside of manufacturers defects whereas the standard 3 year 36k warranty only covers defects.

I paid $1800 for the warranty.

So is this worth it? Should I just go with the standard 3/36?

I do plan on keeping the truck for a very long time. Thoughts?


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[Forgetful]

If you're not comfortable replacing things and troubleshooting yourself it might be for you. Peace of mind is worth something too if you don't have time to fix stuff yourself.

 

[02SE]

It's not worth it to me. Reliability is why I bought another 4Runner. I had a '97 from new for 22+ years. The repairs needed in that time were less than $50.00.

I was a consumer car repair mechanic at one time, including at a Toyota dealer. So anything not covered by the standard Toyota warranty, I have the tools and experience to fix.

I'd put the $1800.00 into an account that accrues interest, or some low-risk stocks.

Then if there's ever any repair needed outside of the warranty, you have the money to cover it.

Know that these extended warranties are rarely needed on Toyota's. They're a great money-making scheme (scam).

 

[2021nightshade4x4]

Or just save this video haha

The car lawyer explains the Lemon Law - YouTube


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[MartinMankat]

With extended warranties - check to see what limitations and deductibles you would be responsible for per event.

With Toyota, you won’t really have any defects that arise past the first year.

Generally, not a good value. You still pay for maintenance items.

Invest the $1800 in something cool.

 

[trey99ek]

You can get that warranty for half that cost from a forum member. You can purchase it from any dealer. It's negotiable.

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[trey99ek]

The thread is a few below this one.

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[Whippersnapper02]

You can buy cheaper from a dealer that's out of state. I will purchase one for my Runner because it came in handy on my Tacoma when I needed new leaf springs, headlights and my front windshield replaced all under TSBs. My Runner now has KDSS that doesn't have the best track record.

 

[xtacles]

Cancel that warranty ASAP and call Earnhardt Toyota. You can get a Toyota extended warranty for 1/3 of what they charged you.

 

[BlakeA]

It's not worth it to me. Reliability is why I bought another 4Runner. I had a '97 from new for 22+ years. The repairs needed in that time were less than $50.00.

I have a ‘97 from new for 24 years now, and have spent hundreds on it keeping it on the road. 2 starters, radiator, fuel injector, AC compressor, rear axle seal, 2 master cylinders, blower motor. $50 seems incredible.

 

[Tonka23]

Your $$$ your choice but for what its worth....when we bought a 17 limited used got the longest one possible and its almost already paid for itself owning it for just over a year now with little stupid things. Door actuator x2 and the 3rd row cable switch.

 

[BorotHex]

I know this is a Toyota forum, but I’ve been following the thread and it just occurred to me to ask if anybody knows a great Nissan dealer to buy a Nissan warranty. My wife has a Murano, which is a ticking time bomb financially.

Thanks.

 

[BobsTrail]

I bought a Toyota 7 year Platinum zero deductible from an out of state dealer for a way better price. It expired unused on my 2013 TE. I bought one for our 2018 Sienna too.

I felt there are too many computer/electronics items in new vehicles plus the normal mechanical components. We take a lot of out of area trips and did not want to risk having to pay for expensive repairs.

 

[Sonoran_Desert]

Double check warranty includes all electronics, including radio, navigation touch screen etc. You will most likely come out ahead by buying the extended warranty.

 

[2021nightshade4x4]

Getting an extended warranty on anything built during the pandemic is a solid idea, it’s just better if you don’t get ripped off in the process.


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[02SE]

I have a ‘97 from new for 24 years now, and have spent hundreds on it keeping it on the road. 2 starters, radiator, fuel injector, AC compressor, rear axle seal, 2 master cylinders, blower motor. $50 seems incredible.

I'm talking repairs. Regular preventive maintenance isn't included in that $50.00.

The repairs were a hydraulic clutch hose (about $20.00 my cost, my time to install it was free). Also starter solenoid contacts Also about $20.00, plus my time was free. Some random bulbs accounting for the $10.00 or so.

Having been a master tech, I tend to strictly maintain vehicles. Most of the problems I saw as a mechanic, were often due to lack of maintenance.

 

[Forgetful]

I'm talking repairs. Regular preventive maintenance isn't included in that $50.00.

The repairs were a hydraulic clutch hose (about $20.00 my cost, my time to install it was free). Also starter solenoid contacts Also about $20.00, plus my time was free. Some random bulbs accounting for the $10.00 or so.

Having been a master tech, I tend to strictly maintain vehicles. Most of the problems I saw as a mechanic, were often due to lack of maintenance.

What do you consider maintenance? Seals? Alternators? Blown shocks? Lines? Bushings? Bearings? U joints? Bearings? Ball joints? Plugs? Injectors? Sensors?
Seems like a semantics exercise.

 

[02SE]

What do you consider maintenance? Seals? Alternators? Blown shocks? Lines? Bushings? Bearings? U joints? Bearings? Ball joints? Plugs? Injectors? Sensors?
Seems like a semantics exercise.

Think whatever you wish. I'm just telling you what I witnessed from years of consumer car repair. Long since left that career behind, thankfully.

Most radiators develop issues due to the coolant not being changed as specified, then the coolant becomes acidic, and things start to corrode, then you get the 'pink milkshake'.

His two replaced starters very likely only needed new solenoid contacts. But someone decided to sell new starters, and make more profit.

Changing gear oil and making sure the vents are not plugged in the axles, T-case, etc. prolongs the life of the seals.

Lubing any bearings or joints that are not LFL, prolongs their service life.

The examples go on and on.

The simple fact is most people don't maintain their vehicles as well as they could be maintained.

 

[Redsoxx1918]

Listen....it's insurance. It's peace of mind. We buy life insurance but we don't hope we die young so we get our money's worth out of it. We buy auto and homeowners insurance but we sure hope we never have to use it. We don't hope that we get into a crash or hope a tree falls through our roof so we can get our money's worth. We don't hope we get cancer so we can cash in on that health insurance! Just make sure you shop around and get the best price. I know I can get a 5 year, 100k miles platinum warranty for under $700. That's cheap peace of mind for 5 years. I drive 20k miles a year.


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[somenoise]

I know I can get a 5 year, 100k miles platinum warranty for under $700. That's cheap peace of mind for 5 years. I drive 20k miles a year.


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Can you share where to purchase for that price? I think this is the kind of advice OP is looking for.