suginathan

I am looking at purchasing a 2020 Lexus GSF with 6000kms on it. It has factory warranty until 2025. I called Lexus to see how much extended warranty would be, they quoted $4650 CAD for a warranty that goes up to 2029 and up to 120,000kms. Is this worth it, is there something on the car that may fail and could be costly that I need the warranty for?

Jakerin

My 2015 just turned over 51,000 miles and has needed nothing. Put $4,650 in the bank.

jgscott

iTrader: (1)

Don't put $4,650 in the bank. That's advise for a $19k car with 80k miles and 7+ years old.

The Servo issue, Vac pump, Valley plate leak and so on. If you are using a bank or Credit union see if they offer a Service Contract or shop the web for one yourself. I would want one to at least US 120k miles, or more miles coverage. For the price you are paying for a 2020 GS F, a good Warranty cost should be a drop in the bucket.

JDR76

Probably better asked on the GS F forum. They'll have some solid input I'm sure.

LexusGSboy

I think this is one of those personal questions that ties a lot into ones risk tolerance levels. Personally my goal is to have a good warranty on the car until it's paid off, I don't want to be making car payments AND have to drop a couple grand on a repair. Once the car is paid off I don't care quite as much because of the money I'm saving by not having a car payment. I'm not big on extended warranties on most things in general but I did do one on my '16 GS because the CPO warranty was only going to cover things for a couple of years.

To me, these cars have some very expensive things that may go wrong or they may not so the warranty is a bit like insurance against the unknown.

Others you'll find generally never like extended warranties and will tell you not to do it.

That price does seem a bit high but maybe a GS F is higher than a GS 350 or maybe they've just gone up in general. I negotiated mine down when negotiating the over all price of the car.

And as JDR76 said - probably good to ask over in the GS F forum too.

FullMetalM

120000 kms over 7years is not that much. Depends on how much you are gonna drive the car. will you get 1 year out of the warranty or will you reach 2029.

gravesg

Based off the rate of labor and the economy, I'm guessing the price of today's repairs will be more expensive 6+ years from now due to fewer mechanics coming into the field.
From a money standpoint, you end up beating any inflation ... Front timing cover is gonna leak eventually ... easy $1-2K today .. never mind 5 years from now. Labor on all 4 struts is $1500 today parts are another 1$k from the dealer. Sunroof seal is guaranteed to go bad.

If you have the money and its a genuine Lexus warranty, negotiate it down as best as possible.. but it's a no-brainer.

greys0uled

There's only one Toyota/Lexus I'd buy an extended warranty for, the LFA

We've seen 400K mile ISF's. The cars are bulletproof and not that expensive to fix.

jgscott

iTrader: (1)

Not expensive?

The a/c Actuators? The V8 Valley plate leak fix? That's like $7k plus right there.