Kurtz

iTrader: (1)

I actually found a guy cheaper than Troy (who also quoted me $1655 for 7/100 $0 deductible Lexus Platinum on my IS350)

TOBYTOYOTA@aol.com

That's Toby Rivers from Lexus of Shreveport...$1605 for 7/100 $0 deductible Lexus Platinum on a 350. $1245 for the 7/75k for those that don't drive a lot of miles.

Fizzboy7

Skip the warranty, it's not needed. This is a Lexus. Check Consumer Reports for proof.

pisaykotik

Did you get your warranty from him? What was your experience?

Cali2is

I agree... Never buy extended warranties! But a lot of people do...

Joeb427

iTrader: (1)

Troy goes $150 over dealer cost where that guy goes $100 over dealer cost.
A better deal.

Kurtz

iTrader: (1)

I haven't made the purchase yet, but I plan to...and Toby was the best price I found. It's an official Lexus warranty though so ones as good as the other in that regard.

Yeah, I know it's a Lexus.

I also know how much Lexus parts cost.

You'd be hard pressed to find a single repair that costs LESS than the cost of the extended warranty. Doubly so if you have any of the fancy stuff on the car (backup camera, ML, nav, dynamic cruise, etc).

I might end up with the 7/75 though since I don't put a ton of miles on the car... (next week will be 8 months since purchase and I'm just under 5k miles now).

So if I -never- need a single repair then I paid $8 a week for peace of mind in years 5, 6, and 7.

if I DO need even one repair I'm probably ahead of the game. Let alone more.

I'd probably skip it if I was paying MSRP on it, but close to invoice is worth it in my mind...but that was true of the car itself for that matter.

ckeck

When I picked up my '07 IS 350 last June I purchased the Lexus 7yr/100k extended warranty with $0 deductible for $1605. This was dealer cost and they even broke out their paperwork to prove it. So it looks like this is roughly $200 above cost. See if they can come down another $100 or so.

If they accommodate, this would be a great deal

myculito

iTrader: (1)

Toby works at Lexus of Shreveport in Louisiana. He is by far the cheapest guy for the Platinum warranty.

Even Sewell said they couldn't match his price.

Joeb427

iTrader: (1)

Yep and that's when I would buy one or a bit closer to the end.
By then you know if you're keeping the car.
As mantioned.everything about Lexus is expensive.
Parts,service and with all the option,chances are you'll use the warranty someday.

Joeb427

iTrader: (1)

If dealers cost on a 7/100 is $1605 how is Toby Rivers from Lexus of Shreveport is selling $1605 for 7/100 $0 deductible Lexus Platinum warranties to online buyers making any profit?
I'm sure he isn't doing this for nothing.
I've heard or read $1505 is dealer's cost.

pisaykotik

Toby just responded to my email, his quote is $1705 and not $1605 for the 7/100 $0 deductible Lexus Platinum warranty.

Kurtz

iTrader: (1)

Maybe he doesn't like you :P

Here's the full text of his email to me from just a few days ago-

Hello and thank you for the email. Here are the prices you have requested below:

7 year 75000= $1245.00

7 year 100000= $ 1605.00

Both warranties are ZERO deductible Lexus Platinum warranty.

Toby Rivers
Lexus of Shreveport
800-335-3987

pisaykotik

LOL! Or he could be following the price of gas.

joerose10

I have a 2007 IS250 AWD and bought a Lexus Platinum Warranty from Toby at Lexus of Shreveport in Louisiana. I live in NY. We did everything on the phone. In 2 weeks I received the policy from Lexus and I am in the Lexus System. He is a very nice guy and had the lowest price when I was looking for quotes a few months ago.

15951

Extended warranties are bets that something will happen to your car within the warranty period that will cost at least as much to fix as the value of the warranty. Not a good bet on a Lexus.

Dealers consider these pure profit items, and laugh all the way to the bank. They really get a kick out of it when someone haggles for hours over the price of the car, and then drops $2k on an intangible like this that will probably never get used.

It's your money, but realize that the dealer wouldn't sell extended warranties if they were losing money on them. In other words, odds are that you're much better off banking that money and using it if ever needed for a repair.