Just Purchased an Extended Warranty
#32
Lead Lap
iTrader: (3)
Wow is all I have to say here gents and ladies. Some of you people are what I would consider to be pretty smart cookies! However, Your decision to buy these "OVER PRICED" extended warranties are a MASSIVE gamble at best! I have been in the automotive repair business for over 25 years now and have seen these warranties break even MAYBE 3 to 5 times. Given that our shop works on 25 to 30 vehicles a day, that's NOT very good numbers. Lets also mention what they DON'T cover... Fluids, gaskets, and normal wear items. This is a fools bet at best!
Any person with some automotive knowledge would place that same money in a money market account and earn the interest for the proceeding 5 years, and after which cash it in for a profit, NOT bet that "MAYBE" something will fail.
Any person with some automotive knowledge would place that same money in a money market account and earn the interest for the proceeding 5 years, and after which cash it in for a profit, NOT bet that "MAYBE" something will fail.
#34
Lexus Fanatic
iTrader: (1)
^ I would just let it go out of warranty. It's a Toyota at the end of the day, and unless your already having serious issues, i don't think its gonna be worth the extended warranty now. If you do get the extended warranty, it depends on what the warranty covers on whether or not things would be repaired under it.
#38
Lexus Fanatic
iTrader: (1)
It's 4 years/50k miles for full warranty. Powertrain is 6 yr/70k.
At full price I agree the warranty is a rip. At the price some folks sell em for on line they're a no-brainer... especially if your car is under the valvespring recall since you get another $500 off the price essentially.
I'd suggest that Ming go price some Lexus parts sometime... they're insanely expensive. I can do most of my own labor (pretty much anything I don't NEED a lift for), but the parts are drastically overpriced. For some items (rotors for example) you can get far cheaper aftermarket alternatives... but your touchscreen on the nav dies you're pretty well screwed there. ML sub blows? (and some guys have been through 3 or 4 now) you either have to rig an aftermarket setup taking up trunk space or bend over on pricing. Or most of the other electronics/ecus/sensors on the car. AFS motor have a problem? Grab your ankles.
Plus, Toyota has moved to only selling a lot of parts as whole assemblys... wheel bearing have a problem? you're buying a whole new hub. Not cheaply either.
if I had a chevy where every part on the car can be had for like 20 bucks, sure, warranty is crazy. But with what lexus gets for parts?
At about $50-100 over cost, which is what these guys are selling their warranties for, it's a pretty good insurance policy... and if you get the $500 gift card as well it's really a no-brainer that, statistically, you're going to make a profit on.
At full price I agree the warranty is a rip. At the price some folks sell em for on line they're a no-brainer... especially if your car is under the valvespring recall since you get another $500 off the price essentially.
I'd suggest that Ming go price some Lexus parts sometime... they're insanely expensive. I can do most of my own labor (pretty much anything I don't NEED a lift for), but the parts are drastically overpriced. For some items (rotors for example) you can get far cheaper aftermarket alternatives... but your touchscreen on the nav dies you're pretty well screwed there. ML sub blows? (and some guys have been through 3 or 4 now) you either have to rig an aftermarket setup taking up trunk space or bend over on pricing. Or most of the other electronics/ecus/sensors on the car. AFS motor have a problem? Grab your ankles.
Plus, Toyota has moved to only selling a lot of parts as whole assemblys... wheel bearing have a problem? you're buying a whole new hub. Not cheaply either.
if I had a chevy where every part on the car can be had for like 20 bucks, sure, warranty is crazy. But with what lexus gets for parts?
At about $50-100 over cost, which is what these guys are selling their warranties for, it's a pretty good insurance policy... and if you get the $500 gift card as well it's really a no-brainer that, statistically, you're going to make a profit on.
Last edited by Kurtz; 03-15-11 at 05:51 AM.
#42
Driver School Candidate
Join Date: Mar 2011
Location: TX
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I just called Jerry today and he quoted me the same prices listed on page 2 of this thread. I ask him your question and he said once payment goes through he will mail/email you an invoice and then send it off to Lexus. After then you should receive something about extended warranty from Lexus. Then if you ever sell you car you can transfer the warranty for $50 to the new owner.
#45
Lexus Champion
iTrader: (8)
email i just got back from our friend Jerry
YOU’RE PRICE REQUEST LEXUS PLATINUM WARRANTY FROM JERRY MIDWEST TOYOTA
Hello Raheel Naeem
This is Jerry Johnson Warranty Manager with Midwest Toyota
And Midwest Superstore Hutchinson, Ks
Thank you very much for your request on the Lexus Factory 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 Lexus from Lexus and honored by all Lexus Dealer service centers California, Florida and all the USA and Canada I do NOT offer any aftermarket or 3rd party at all
Here is the Price List for your Lexus IS 350
Thank you
L2-LEXUS IS350
5 YEAR 60,000 MILES $515.00
5 YEAR 80,000 MILES $770.00,
5 YEAR 100,000 MILES $1,105.00
5 YEARS 125,000 MILES $1,460.00
6 YEAR 70,000 MILES $830.00,
6 YEAR 100,000 MILES $1,275.00
6 YEARS 125,000 MILES $1,750.00
7 YEARS 75,000 MILES $1,255.00,
7 YEAR 100,000 MILES $1,615.00
7 YEARS 125,000 MILES $2,190.00
8 YEAR 75,000 MILES $1,415.00
8 YEARS 100,000 MILES $1,960.00
8 YEARS 125,000 MILES $2,775.00
Here is how it works
When you fill out & send back the info below I will get the in service date from Lexus and then we can do credit card payment over the phone.
After the purchase is made I will send email to confirm your purchase & give you a customer number and then I will send you a copy of the paper work I sent to Lexus & you will have this from me with in two weeks and will be all ready active.
The last step is Lexus will send you the warranty from Lexus shortly after that.
Jerry Johnson
Midwest Toyota
Midwest Superstore
1100 east 30th
Hutchinson, Ks 67502
800-530-5789
Cell 620-664-8844
jerryj@midwestsuperstore.com
www.midwestsuperstore.com
Hours Monday, Tuesday, Thursday 9am Central time until 8pm
Friday and Saturday 9am Central time until 7pm
I will be out of the office on Wednesdays and Sunday
I do offer Toyota, Scion, and Lexus Platinum Factory Zero Deductible Warranty
And for Ford I offer Ford, Mercury and Lincoln Factory Premium Care Warranty
YOU’RE PRICE REQUEST LEXUS PLATINUM WARRANTY FROM JERRY MIDWEST TOYOTA
Hello Raheel Naeem
This is Jerry Johnson Warranty Manager with Midwest Toyota
And Midwest Superstore Hutchinson, Ks
Thank you very much for your request on the Lexus Factory 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 Lexus from Lexus and honored by all Lexus Dealer service centers California, Florida and all the USA and Canada I do NOT offer any aftermarket or 3rd party at all
Here is the Price List for your Lexus IS 350
Thank you
L2-LEXUS IS350
5 YEAR 60,000 MILES $515.00
5 YEAR 80,000 MILES $770.00,
5 YEAR 100,000 MILES $1,105.00
5 YEARS 125,000 MILES $1,460.00
6 YEAR 70,000 MILES $830.00,
6 YEAR 100,000 MILES $1,275.00
6 YEARS 125,000 MILES $1,750.00
7 YEARS 75,000 MILES $1,255.00,
7 YEAR 100,000 MILES $1,615.00
7 YEARS 125,000 MILES $2,190.00
8 YEAR 75,000 MILES $1,415.00
8 YEARS 100,000 MILES $1,960.00
8 YEARS 125,000 MILES $2,775.00
Here is how it works
When you fill out & send back the info below I will get the in service date from Lexus and then we can do credit card payment over the phone.
After the purchase is made I will send email to confirm your purchase & give you a customer number and then I will send you a copy of the paper work I sent to Lexus & you will have this from me with in two weeks and will be all ready active.
The last step is Lexus will send you the warranty from Lexus shortly after that.
Jerry Johnson
Midwest Toyota
Midwest Superstore
1100 east 30th
Hutchinson, Ks 67502
800-530-5789
Cell 620-664-8844
jerryj@midwestsuperstore.com
www.midwestsuperstore.com
Hours Monday, Tuesday, Thursday 9am Central time until 8pm
Friday and Saturday 9am Central time until 7pm
I will be out of the office on Wednesdays and Sunday
I do offer Toyota, Scion, and Lexus Platinum Factory Zero Deductible Warranty
And for Ford I offer Ford, Mercury and Lincoln Factory Premium Care Warranty