rashivivek

Hello,

I just bought an 09 IS 250. I have plenty of miles to go before my manufacturer's warranty expires. I do not want to buy extended warranty at this time. However on the brochure of "Platinum" 7yrs/75k miles under eligibility for Used cars , it states that it can be bought at the time of purchase only at your lexus dealer. Only is underlined. I am a little confused.

Will I be able to purchase this extended warranty (Platinum 7yrs/75k miles) at a later date say 49000 miles.

Please help!! Also I feel the dealer is not offering a great price. I shopped around and found better deals.

Thanks,
Rashi

my95tsi

iTrader: (2)

You can buy the warranty whenever you want but buying it at 49000 a couple years down the road won't make a difference. The warranty does not start from the day you buy it but rather the day you vehicle warranty started. So it will take your bumper to bumper to 75000 miles and 7 years as opposed to 50,000 miles and 4 years. You can buy the warranty at any Lexus dealer as there are better deals out there. IMO I wouldn't buy a 75000 warranty as there's not point, 100,000 is more reasonable.

Micaiah

I bought it, and was also told that it can only be bought at the time of purchase. Although I have heard that there are other ways to buy it, but not through the dealer. The only reason I didn't buy more time coverage is because I hardly drive it. I've had the car since July 1 of this year and have put on 1,521 miles on it since then.

The thing that's good about it is that if you don't use it then it gets 100% refunded. But if you DO use it, gotta figure how much you are saving vs going to spend fixing problems later down the line. To me it was worth it. Never know what will come up in the future. Peace of mind.

Edit: Just went to check mine, it's not called platinum, it's called "Elite" (what's Platinum?) it has exclusionary coverage, which from what I understand duplicates the existing new car warranty. In other words, covers EVERYTHING except wear and tear.

kickin8

iTrader: (1)

CPO? if so...yes. You have to buy it at time of purchase

516IS

iTrader: (12)

You can always call the dealer and get extended warranty before the original 5 yrs 50K miles expires... You can do 8 yrs 75K or 8 yrs 100K platinum coverage...

Micaiah

Are you serious?? MY dealer wouldn't let me do that. I had to plop down a good chunk of change that night....

516IS

iTrader: (12)

Read this Thread:

https://www.clublexus.com/forums/is-...-coverage.html

Give Troy a call, I called at least 8 dealers and no one could beat Troy's price... Very legit.

Micaiah

That thread is from a couple of years ago...

I'm guessing the prices have risen some, Which plan did you get? Do you have a link? My other Lexus might need a warranty.

rashivivek

Thank you all for replying. My dealer charged me $ 1590 for 7yrs/75k miles. However I asked elsewhere and was given a much better deal at $1190. I am not sure how long I will keep my car for that is one reason why I am still contemplating. The other reason is that I am also paying interest on $1590 ( added to the cost of the car )starting the day of purchase which I am not feeling comfortable about.

Micaiah

What exactly is the Platinum plan? Any deductible? What does it NOT cover?

OPTiK

Classic dealer warranty games. They just want your money so they will tell you that you can only do it that day/week/month.. but there are other lexus dealerships that would gladly take your business after the fact!

Kurtz

iTrader: (1)

It's available with a $0 deductible or a $50 deductible. The $50 deductible plan is $50 cheaper, so there's literally no reason to buy anything but the $0 plan if you ever expect to use it. (and if you don't, why buy anything?).

For what it covers go here:


Then select your model to see pricing... to see what is covered go here:
http://www.lexusfinancial.com/consum..._VSAComponents



Far as I know you can buy this anytime before the factory 4 yr/50k mile warranty expires, and as noted cheaper pricing is available from a number of guys (Troy, Toby, and Jerry being the 3 cheapest I'm aware of)