Quote:
Originally Posted by nalc
It's 5K/6mo instead of the recommended 7.5K/7.5mo, and I only do about 10K a year anyway, so we're talking about just going for an oil change 6 weeks early which is no big deal to me. I'll see how expensive their oil changes end up being and whether they actually give me the black Japanese filter instead of the blue FRAM filter. If we're talking about an extra 10-15 bucks twice a year, I'm fine with paying that for peace of mind. If they try to cheap out on the oil or filter, or if their prices are really exorbitant, then I'll bail out on their warranty and hope that it gets fixed/recalled by 60K.
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I origionally got a warranty through my bank. It wasn't too expensive and was basically bumper to bumper up to 100k miles.
I got the paperwork home and read the fine print. Basically NO mods were allowed on the car whatsoever. Lowering springs voided the ENTIRE warranty, changing tires sizes also did the same. I called the bank the next day and canceled it.
If it is truely $30 a year, then I agree its not big deal. Like I mentioned, chances are most/all the major problems will be worked out by the time you hit 6 years (if you are only driving 10k miles a year). Something else you need to factor in is cost of actual warranty. If it's non-transferable, it won't help you in the sale of a car (there are many transferable warranties out there to choose from that will greatly help in the sale of a car). At that point it is just an extra cost. My dealer charges $98 for an oil change (including tax), basically double what the actual cost of the oil is for me to purchase.
If you roll the warranty over into the loan, Toyota is making money off the the service, and the warranty as well (interest), so it's a win, win for them. Just make sure it's the same for you.
Sorry for all the rambling, I just get weary when a bank or a finance department is trying to "help" me.