Extended Warranty
The following 2 users liked this post by chuuck1e:
Eagleboy99 (02-04-23),
FMY421 (04-10-23)
03-16-23, 07:35 PM
#17
Hey all I’m debating 8 or 10 years. It goes up in price about 1300 for those 2 years or 700 a year compared to 1800 for first 8 years. Seems like a significant jump in price right?
03-17-23, 03:38 AM
#18
Pole Position
Sounds like they know repairs escalate in those “out years”. $1800 for years 4-8 doesn’t sound bad. I think I’d do that. You’ll want the rapidly evolving new tech by then anyway.
03-17-23, 04:12 AM
#19
Pole Position
These warranties are huge profit makers for the Dealers. Prices can vary wildly and if feel you can not live without one, shop around as you can but from any dealer, even out of state.
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Bo15 (03-17-23)
03-18-23, 05:20 AM
#20
Intermediate
yep. My 2013 has had zero repairs which is why I bought a Lexus and why I’m getting a new one on Tuesday. The initial warranty should take care of any early bugs if which I had none
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JohnPDX (03-19-23)
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R9000 (03-19-23)
04-10-23, 01:17 AM
#24
Pole Position
How many of us will own their Lexus for 8 years? I think only a few. Maybe for them the extended warranty “might” help.
04-10-23, 06:32 AM
#25
No, extended warranties rarely pay for themselves. The insurance companies that provide them and the people that sell the get a lot of profit from them. If you can pay for a big repair, skip them.
04-10-23, 10:12 AM
#26
Instructor
I tend to keep vehicles for a long time. As I patiently wait for our no-ETA RX 350h, I'm in the 2014 Pathfinder that is now almost 10 years old. And FWIW, extended warranty paid for itself many times over in the 8 years it was active.
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FMY421 (04-10-23)
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FMY421 (04-10-23)
04-10-23, 10:22 AM
#28
04-10-23, 10:25 AM
#29
Instructor
At least the Guila is a great drive. 
Unlike a soccer mom vehicle. 
And yeah, as a general rule, extended warranties are a sucker's bet. I am counting on the Toyota/Lexus reputation for reliability to not need one. But if in 4 years it does, we can still get it from the dealer at a small upcharge, but i would probably sell it.
Unlike a soccer mom vehicle. And yeah, as a general rule, extended warranties are a sucker's bet. I am counting on the Toyota/Lexus reputation for reliability to not need one. But if in 4 years it does, we can still get it from the dealer at a small upcharge, but i would probably sell it.
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Urlik (04-10-23)
04-10-23, 11:22 AM
#30
Pole Position
These warranties are like betting at the casino. The advantages always favor the house.
If you are a long term owner you might have a chance, but the warranty people has the data and know the odds are in their favor.
If you are a long term owner you might have a chance, but the warranty people has the data and know the odds are in their favor.