Greetings Fellow Lexus Drivers:

I am currently trying to decide if I want to purchase an extended warranty for my 2015 GS350 F Sport. I received a postcard in the mail from my dealer about extending the warranty and gave them a call today. Here is some info about the car - my current mileage is 31,000 and I have until the end of 2019 before the manufacturers warranty expires. Do the numbers below make sense? Or should I keep shopping around? I plan on keeping these car for a VERY long time.
TYPE: Premium Care
ADDITIONAL MONTHS: 48
ADDITIONAL MILES: 48000
DEDUCTIBLE: 100 per visit
TOTAL SALE PRICE: $3,319.00
DOWN PAYMENT: $175.00
MONTHLY PAYMENT: $131.00
NUMBER OF PAYMENTS: 24

 

You might as well set aside the $3300(+$100 per visit deductible) as a repair fund. Chances are you'll come out ahead with this being a Lexus.

 

Seems like a ripoff to me.

 

Depends on how comfortable you are doing some work or how much you value peace of mind. Also how do you plan on driving the car?

If you can turn a wrench and you'll just drive the car like a normal person then I agree with er34. Save the money and use it if needed.
If you're going to drive the **** out of the car and don't want to ever worry about doing your own work and prefer to drop the car off and get it back without any worries then get the warranty.

 

I bought a 2013 CPO in fall of 2016 which had almost a year of factory + 2 additional years unlimited miles CPO warranty. I was also offered Lexus Platinum option to add an additional 5 years, covering the car to 2024, unlimited miles. The additional 5 year Platinum warranty was right around what you were quoted but was for an additional year and has no deductible. Also, the warranty I got is transferable one time if I sell the car prior to it expiring. I'd keep shopping if a warranty is important to you as you can likely find a better deal. I agree with the other posters that for what you're getting, you may be better off putting the money into a repair fund. My concern was that if any of the electronics messed up, it could eat the warranty cost pretty quickly.

 

I agree I'd shop around for a better deal. Personally I'd put it toward a repair fund.

 

I agree with other posters - my advice would be to save the money as the car is very reliable. Unless you personally require the peace of mind, then that's when I would lean toward the warranty.

Since you've owned the car from the onset and you've only driven 10k miles per year, you have the best idea about its care, its performance and if it has already started to show signs of requiring work. At your current driving/mileage rate, in 2023 when your extended warranty would potentially end if you buy it, your car would have only 80k miles...i'm sure you can make it to 80k miles without an extended warranty with that "just in case" fund that everyone else has mentioned.

What was the mileage on your '08 GS before you traded it? The drivetrain is the same in the 4GS so you can count on similar reliability.

 

I bought the extended warranty on my CPO 2015 GS350F AWD. 60 months, unlimited miles, 0 deductible, sell price $2600, 0 down payment. They are going to make a killing off of you. You need to haggle the price because in reality, they are making nothing but 100% profit at POS. So you can definitely bring them down closer to $1800 to $2K with no deductible. I think that is a fair price considering if anything goes wrong, you have that piece of mind. Anything else, skip it. This is Lexus we're talking about.

 

 

 

 

 

My 2014 just hit the 4 year mark. It has 34000 miles on it and I decided I'm keeping it 2-3 more years. I bought an additional 3 year/75000 warranty from Lexus. That's a total of 75000 miles, so 41000 additional miles on top of the 34000 I have now. It was $1970. That extends my same original factory warranty/ road service/ no deductible that came with the new car. I doubt that I end up being money ahead on the deal. For me though, it's just the peace of mind. My decision might not be the right choice for others........

 

I bought my 2014 GS350 F-Sport and it had 47k so I went ahead and purchased the extended warranty (Platinum with $0 deductible) and I called a bunch of Lexus dealers in my area (MD/VA) and paid close to $3k. I suggest calling the finance managers at multiple Lexus dealers and get the best price you can. I think anything that fails on these cars especially anything electronic related will cost you an arm and a leg so I decided I'd rather be safe then sorry.