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Started By
Message
re: Extended warranties
Posted on 2/20/24 at 7:16 pm to tigger4ever
Posted on 2/20/24 at 7:16 pm to tigger4ever
Money maker for the dealership.
That one thing you need it for won’t be covered.
That one thing you need it for won’t be covered.
0
Posted on 2/20/24 at 7:19 pm to tigger4ever
Don’t think you need it for a Tundra
Posted on 2/20/24 at 7:30 pm to O
quote:
They're never worth it.
You’re a fricking idiot.
Posted on 2/20/24 at 8:00 pm to tigger4ever
Posted on 2/20/24 at 8:04 pm to Yaboylsu63
I think it should be after the number bc that’s how you say it.
Number first then “dollars”.
One hundred dollars = 100$
$100 = dollars one hundred
Number first then “dollars”.
One hundred dollars = 100$
$100 = dollars one hundred
This post was edited on 2/20/24 at 8:05 pm
Posted on 2/20/24 at 8:05 pm to tigger4ever
On a Toyota and probably not. Just had a colleague have a Ford power stroke fuel pump failure would have cost him times the cost of his warranty and labor can kill you on just about any repairs
Posted on 2/20/24 at 8:10 pm to tigger4ever
Nah, especially not for a Toyota
Posted on 2/20/24 at 8:15 pm to tigger4ever
If people knew how little these pay out they would never even consider them.
Posted on 2/20/24 at 8:23 pm to Rouxdee
quote:
It’s all statistics and analytics for the dealer/OEM to come out ahead. It’s a roll of the dice individually, with slight odds in your favor.
It’s just an accounting liability and they never work out in the consumers favor at anything other than the individual here and there.
A typical warranty is basically half commission to the stealership for originating it, 25% going to warranty co opex and 25% into the actual reserve account. Once you figure out why they only need 25% reserves you’ll figure out why they’re such a bad deal.
Posted on 2/20/24 at 8:27 pm to billjamin
It’s worked out for me several times with several different vehicles and is currently working out for me now.
Just like travel insurance
We got stuck in Steamboat for 3 extra days and our travel insurance not only covered me and my family but also the couple we were traveling with
Just like travel insurance
We got stuck in Steamboat for 3 extra days and our travel insurance not only covered me and my family but also the couple we were traveling with
Posted on 2/20/24 at 8:30 pm to LSUPat
quote:
My 2023 Tundra came with a lifetime powertrain warranty. So I passed on any extended warranty plus Toyota is so reliable why piss the money away.
I know I plumber that bought 2 and both have had to have a transmissions, but to be fair he was working the trucks(pulling a mini-ex).
Posted on 2/20/24 at 8:33 pm to tigger4ever
They wouldn’t sell them to you if they were losing money.
Posted on 2/20/24 at 8:36 pm to HillabeeBaw
quote:
You would need one for a Chevy, Dodge and Ford. But don't waste your money if you're driving a Toyota Tundra. You'll put 250k on it before it gets broke in.
2023 Tundra is a complete redesign. The bullet proof 5.7 is gone. Tundras 2022 and earlier you are good to go. 2023 and on is unknown.
Posted on 2/20/24 at 8:47 pm to billjamin
quote:this is why if you want one, only buy a manufacturers warranty from a dealership that sells them online after the fact like flood ford.
A typical warranty is basically half commission to the stealership for originating it, 25% going to warranty co opex and 25% into the actual reserve account. Once you figure out why they only need 25% reserves you’ll figure out why they’re such a bad deal.
Posted on 2/20/24 at 8:52 pm to Yaboylsu63
quote:
If you put 100$ a month into an account
Never take advice from anyone who puts the dollar sign after the denomination...
This post was edited on 2/20/24 at 8:53 pm
Posted on 2/20/24 at 8:54 pm to HillabeeBaw
quote:
But don't waste your money if you're driving a Toyota Tundra. You'll put 250k on it before it gets broke in.
Found the guy who jerks it to pics of Tundras...
Posted on 2/20/24 at 8:55 pm to tigger4ever
If it was worth it, they wouldn't be selling them.
Posted on 2/20/24 at 9:08 pm to tigger4ever
After waiting four months for a microwave during COVID, and their frequent model obsolescence, I got an extended warranty on one. Peace of mind.
Posted on 2/20/24 at 9:08 pm to O
Only on a car. if the extended warranty only adds a few bucks to my note, I’ll get it for peace of mind. I e used mine twice. Saved me about $1200 so far
I don’t buy them for anything else
I don’t buy them for anything else
This post was edited on 2/20/24 at 9:09 pm
Posted on 2/20/24 at 9:09 pm to tigger4ever
I bought mine at Toyota of Katy. I believe Team Toyota has the same offering.
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