GS4TEK

iTrader: (1)

My GS350 factory warranty will expired on March 29th 2015 and I do have dashboard rattling on going issue.
Lexus dealer quoted me $2,650 for 3 more years or 100,00 miles with no deductible.
Does any member have extended warranty and how much do u pay and what kinda package do u have?
How do we negotiate the warranty price and how much should we pay for that package?

gr8fulRed

First of all...extended warranties ARE TOTALLY negotiable. They are a large profit center to the new car dealerships, but smart dealers would rather have a customer "covered" and make a few hundred bucks...than to have a customer walk due to price and NOT be covered. Service contracts can be very advantageous on more expensive/complicated/problem prone vehicles. I would say that a fair price for EXCLUSIONARY coverage (this is absolutely the kind of coverage you should get) for an additional 3 years or UP TO 100k miles (assuming your just under 50k or so) would be in the range of $1900-2300. That would be what I would expect for a "factory type coverage i.e. bumper to bumper (excluding maintenance items) that would allow for OEM replacement parts and paying labor that the Lexus dealer charges (@$130/hr or so). I would shop multiple Lexus dealers and let them know you're shopping, to ensure they quote you a low price.

Of course..the real answer to your "is it worth it?" question is obviously based on what you ultimately have to PAY for the coverage....and if you ever have to USE it. A crystal ball certainly helps in these type of decisions!! It also greatly depends on one's financial situation. If you are disciplined financially and have an emergency fund (as we all SHOULD)...then it may make more sense to throw the $2300 into that account just in case, rather than to buy a vehicle service contract. That way...IF you have issues...you have $2300 to use. If you DON'T really have any issues....then you're $2300 ahead of the game. If you're the type of person that lives on a tight budget with not much discretionary income available...then VSC is much more important.

Gotcha350

Man!!! That seems steep! I got 8yrs/120k Lexus Platinum Care for like $1800 the week before my factory warranty expired...keep looking...

Bavaria

In 2011, I purchased an 8yr/75k mile Lexus Platinum warranty for $1450. from a dealer in Kansas one month priior to the factory warranty expiring. The best deal I could get locally was $1800. Toyota has since forbidden dealers from selling warranties out of state (however, if one is passing through a state with a killer price and visits the dealer, it's supposedly OK to purchase the warranty there). Road trip!
Since I purchased the warranty, the car's sound system, sunroof motor, tensioner pulley and water pump needed replacement, thereby making the warranty purchase price a bargain by comparison.
OTOH, my wife's '10 RX has been trouble-free.
Bottom line - it's a crapshoot, If purchasing an extended warranty, research is your best friend.

Joeb427

iTrader: (1)

Toby Rivers at Lexus of Shreveport is still selling out of state discounted Lexus Platinum warranties.

1-800-335-3987
tobytoyota@aol.com

GS4TEK

iTrader: (1)

Thank u very much
This saves me bunch of money
Toby responses to email very promptly

GS4TEK

iTrader: (1)

Thanks everyone for sharing such valuable info
This type of forum does help member like me save ton of money and get answers from a lot of questions that I couldnt get help from anywhere else.

I wish this forum has a "thanks or like" button that we can click on posts.

Joeb427

iTrader: (1)

pman6

damn you made out like a bandit.

you got a new stereo head unit ?

I waiting for this car to suddenly need a bunch of things fixed. So far I've only had to suffer rattles and recalls.

I have just under 50000 miles on it.

daman7676

iTrader: (1)

So, I didn't realize that my CPO warranty expired in 2013 ('08 GS350, 67K miles). I checked with my local dealer and they only offered me a 3rd party warranty through "Century" for $2795. There's a $50 deductible per visit (although I need to double check this). It's a 3yr, 36K mile warranty from date of warranty purchase.

Anyone heard of this warranty company? Any other recommendations?

Thanks

Steve2424

I'd shop around. At that price I'm shocked they even have a deductible (if any). Frustrating story: my parents got an extended warranty from a 3rd party vendor on their '05 Accord. The struts on the front-end needed replacing along with axles due to lovely NYC roads. When making a claim to get repair work done, the company refused the claim stating that the parts were "under normal mileage for wear." If there were ever a time for wanting to rip through a phone to smack sense into the other person, this was that moment. For them it was money thrown down the drain as this was the only claim and it was towards the last 2 months of the warranty coverage. womp,womp

daman7676

iTrader: (1)

Thanks Steve - I will definitely shop around. Sorry to hear about your parents horrible experience. It's those types of scams these warranty companies pull that just sucks.

GS4TEK

iTrader: (1)

Hi
I would stay away from 3rd party warranty
I have a friend that own a Lexus and he bought the warranty from a 3rd party
one day his car broke down and he made a claim but they put him thru hell and didnt even pay half of the charge from dealer. I believe it will be a hassle to file a claim for u

Gotcha350

For $2,800...i'd pass and save it...that's a lot for 3rd party...I don't like 3rd party at all....

XxGoKoUxX

I wouldn't go for 3rd party extended warranties. From seeing personal family members buy from the bank, from the dealer (MB & BMW, only a select few in my fam drive Lexus), they've all been bad news. It's like cell phone insurance. For $2500+ you get peace of mind, but when something happens you pay "deductibles".

I know it's cheaper, but $50 for every visit and 50% of the invoice on service (sometimes with parts) is the one time I don't find it worth it IMO.

GL!