Cost Purchasing Extended Warranty on Tacoma

This is really a more general Toyota question but I'm not in any other Toyota forums.

Picked up a new 2023 Tacoma yesterday. When it came time to talk about Toyota extended warranties the finance guys told me the price he was offering for the warranty was only good for today since my truck was new. If I waited to make decision and came back later the price would probably increase because the truck was now used.

It sounded like BS but I wasn't sure enough to call his bluff in the event that it did cost more later. Does anyone know Toyota's policy on this?

Why it sounded like BS
When I purchased my Subaru the finance people specifically told me that I didn't have to make a decision on the Subaru extended warranty at time of purchase. That I had 30 days to take make a decision. I later found out that, at least with Subaru, you could shop warranty prices at other dealers because you didn't necessarily have to but the Subaru warranty from the dealer where you purchased the vehicle.

 

Follow up for anyone interested: I called Toyota financial and they verified that the Toyota extended warranties must be purchased at the time of the sale.

 

Many threads on here where folks have bought extended warranties from other dealers. Even from out of state.

 

Hate to say it’s completely false. You dont even have to buy from the dealer your purchasing the truck from.

 

I called Toyota financial and they verified it. I'm confused.
To clarify: He said I could buy it later but the price would be higher since the vehicle was no longer new.

 

You were talking to the finance guys, right?

Did their lips move?

They were lying.

 

What was the quoted price? Sounds like he was just trying to create a sense of urgency.

The going rate around here is $1795 for the 10-yr 125k mi Platinum no-deductible Toyota extended warranty from Jerry in Kansas.

The price is whatever a dealer is willing to sell it to you for.

https://www.tacomaworld.com/threads...nty-plan-purchase.791269/page-6#post-28544853

 

^FIFY^

Extended warranties exist to put money in the pocket of the seller. The difference between this Toyota dealer and some scammer calling about your car's extended warrantee is, . . . is, . . . I'm thinking, . . . Yeah, nothing. In my work life I spend literally millions of dollars on Apple and HP computers. Apple wants to sell me Apple care with each purchase. Instead of paying Apple I set aside a budget for repairs, because lord knows users will be hard on their computers. Comparing Apple care with pay as you go is never even close. (and if it was Apple wouldn't sell it) In my personal life I never buy extended warranties. Instead I take the money I would have spent and put it aside. Over the years that pool of "oh shit the <fill in the blank> just broke" money had grown to the point that it can cover just about anything that could break in my house.

 

The only addition I'd add to this is if you took some of those well-designed computers that don't need a warranty and placed them in the back of my truck while I drove it around who knows where for the next 10 years, I'd probably get the warranty for them. This is the rationale that convinced me to get the warranty on the truck, as it has a bunch of expensive-to-fix electronic stuff on it that I don't trust to last but would like to fix if it fries/dies/otherwise gets busted. But in general I totally agree.

 

You haven't met my users. The bed of the truck would be an improvement. It would be one thing if car warrantees were sold as the insurance they really are. Instead they're sold with exclusions, fine print, and mark-up as profit centers for the stealership. I remember reading a long time ago that you could buy legitimate car warrantees for far less than what a dealer charges. Couldn't say if that's still true though.

 

For the OP - I just bought mine at the end of September. As you can see, there are a few dealers that sell factory extended warranties online. Makes sense since it's an easy couple hundred dollars profit for filing the paperwork and taking your payment.

If you go to toyotafinancial.com, you'll see that you can buy anytime as long as the 3/36 warranty is in effect.



Dealers are hit or miss for BS. I just bought my wife a Honda recently, and the dealer didn't offer a Honda extended warranty. I specifically asked "you're a Honda dealer, and you don't sell a Honda product?". Nope. I bought it from another dealer online. GM called (to make sure he got 5 stars on the survey), and I told him they were stupid for passing on free money. He agreed, but said their corporate pushes their warranty...

I knew the price of Toyota's warranty (and it's in the $1500-ish range, give or take). Told the dealer I'd be happy to buy from them at a reasonable price, or would just get it online from somebody else if they didn't want the couple hundred free profit.

I went with 10/100k Platinum no deductible. Retail was $3k, they sold it for $1500.

I normally agree they're not worth it, especially if you trade every 3-5 years; but I'm retired now and this is a long-term item (like my Kubota). Electronics are expensive. That camera behind the windshield? That radar for the cruise? Got fancy LED headlights and whatnot?

$1500 over 120 months is $12.50/month. That's lunch at Taco Bell. That's a fair price just for peace of mind, but one item can recoup the cost easily.

 

Interestingly, in July I told my selling dealer I planned to get the 10y/125k Pt warranty for $1795 but would buy it from them at purchase time for up to $2k. They said no thanks, $2k was what it cost them.

Not sure where the truth is in what they said about their pricing, but it leads me to think that maybe different dealers get different prices perhaps based on volume. Curious if anybody knows the real answer to this.

 

The real answer? Dealers lie, and don't like to get caught at it once they commit to it. It makes you question everything else in the deal.

Guy in St Louis was "just being honest, veteran to veteran, that no-one would give me more than $19k in trade for my Frontier". He had lots of reasons, and wanted me to know the other dealer wouldn't honor the $23k offer... I called him and said I was on my way to pick it up, if he wanted to match it (his was gray, the one I bought was white). He stuck by his story, and he lost a sale.

No dealer is online selling factory extended warranties at a loss. Your selling dealer was full of it.

 

not that it matters much, but is Toyota extended warranty not from in service date?

still fairly inexpensive, but more per month

 

Extended warranty clock starts ticking at 0 miles / in-service date, regardless of when you purchase it.

 

I remember reading a similar thread on here or maybe the 4Runner forum. The general consensus was it was not worth it unless is was discounted. Someone in the forum was a Toyota employee offering discount if I remember correctly.

I bought a Kia minivan a few years back and I was offered similar extended warranty BS for $2k, which I bought. I found out it didn't really cover anything that the original Kia warranty did not cover. I also tried to claim a foggy head light and that warranty did not cover it... so I say it's BS warranty.

 

You were all correct, the dealer was lying. I contacted Irwin Toyota in NH and was offered a much better deal. I would recommend them.

When I notified my dealer that I knew what they told me wasn't true.

1. I didn't have to buy the warranty at the time I purchased the vehicle
2. I could buy the Toyota warranty from any Toyota dealer
3. I could by the same warranty form another Toyota dealer for $1695 less than their price.

Result:
They are cutting me a check to $1695.

 

In case this may help others, I got the great quote on the extended warranty from Dennis Marhefka, dennis.marhefka@irwinzone.com at Irwin Toyota in NH.

 

Ignore my previous post best deal by far is Jerry as recommended by Tacoma_ca above. This is a cut and paste of an email I received from him today 10/24/23.

This is Jerry Johnson Warranty Manager with Midwest Toyota

And Midwest Superstore Hutchinson, Ks


Thank you very much for contacting me and your request on the Toyota Factory Extra Care Platinum Zero Deductible Warranty

I would love to help you with your warranty purchase. I will need your Vin Number, Miles and Date of Purchase

And I will need Your Name and Address, Phone, Email

Please give me a call at 800-530-5789 or my cell 620-664-8844


This warranty is 100 Percent Toyota Factory warranty from Toyota and honored by all Toyota Dealer service centers including California, Florida and all the USA and Canada

I do NOT offer any 3rd party or aftermarket at all.

And please tell who ever recommended me THANK YOU


My Cell 620-664-8844 Please feel free to call me with your questions always happy to help


Here is the link for the Platinum coverage

When you open click on Compare plans and see what parts are covered

https://www.toyotafinancial.com/us/en/vehicle_protection_plan/vehicle_service_agreements.html



T3-TOYOTA TACOMA 4X4,

4 YEAR 65,000 $550.00 4 YEAR 100,000 MILES $675.00,

4 YEAR 125,000 MILES $790.00

5 YEAR 60,000 MILES $550.00, 5 YEAR 80,000 MILES $600.00,

5 YEAR 100,000 MILES $765.00 5 YEAR 125,000 MILES $915.00


6 YEAR 75,000 MILES $645.00, 6 YEAR 100,000 MILES $895.00

6 YEARS 125,000 MILES $1,140.00

7 YEARS 75,000 MILES $715.00, 7 YEAR 100,000 MILES $1,025.00

7 YEARS 125,000 MILES $1,250.00

8 YEAR 75,000 MILES $835.00 8 YEARS 100,000 MILES $1,145.00

8 YEAR 125,000 MILES $1,505.00


9 YEARS 100,000 MILES $1,265.00

9 YEARS 125,000 MILES $1,665.00


10 YEARS 100,000 MILES $1,360.00

10 YEARS 125,000 MILES $1,795.00



Please fill out and send back to purchase warranty

Vehicle

Vin Number

Non Hybrid

Hybrid

4 wheel drive

2 wheel drive

Miles

Date of Purchase


Name

Address

City

State

Zip Code

Home phone

Cell phone




This warranty is directly from Toyota and any warranty work will need to be done at your Toyota dealer or any Toyota dealer in your state or any state in the USA or Canada

Please feel free to give me a call I would be happy to go over the warranty with you.

Thank you so much

Jerry Johnson

 

I bought the $1795 warranty from Jerry a couple months ago. Received the Visa receipt a week later in the mail, and the Toyota warranty book arrived 2 weeks later. Highly recommended.