CJITTY

Absolutely correct. ..keep in mind that if you purchase over the phone, make sure to say 44k or so. 49k is suspect lol. Just make sure it is more mileage than your last lexus service visit

tyrenfroe

Yup, 4 years from in-service date.

Best part is that the factory extended warranty is (or used to be, I'm not sure if it still is) refundable on a pro rata basis for the portion you don't use. This means you can fully cover your ownership term with genuine Lexus dealer service. Then, when you eventually decide to sell the car, you can either "sell" the remaining warranty to the car buyer OR you can cash it in, lower the price, and sell it without a warranty. Everyone gets just what they want. But you gotta move before the 4/50 axe falls.

CJITTY

Yes..this is true. I bought the CPO wrap to add 2 years and push mileage to 125k (5yr/125k) back in 2012 at time of CPO purchase. i called Lexus Financial Services today and they confirmed as of today's date that I would get back 67% of what I paid back to me whether I sell private party or trade..doesn't matter. It cannot be transferred to another party though which could help tremendously to speed up the sell. The prorated thing is good to know. I might make a move on something new sooner now knowing I won't lose all of the investment if I don't keep the car until 2017.

tyrenfroe

Wow! I did not know this. I thought CPO warranties (wrapped or not) were one-shots. I knew they weren't transferable to subsequent owners, but I never imagined they were pro rata refundable to the CPO purchaser. Great news for you and something for everyone to remember. Looks like the move is to buy the CPO wrap to cover the full EXPECTED term of ownership when you buy the CPO car. If something comes up and you have to sell it, you'll recoup some of the CPO wrap cost. Not a bad deal at all.

twadem

Spoke with the finance manager this afternoon. They will offer the Platinum warranty even though the factory warranty expired a month ago. 5y/50k $1950. Another $250 ups the mileage to 75k. I probably won't drive more than 7k per year, but plan on keeping the vehicle past 5 years (at least that is the lie I tell myself). Does anyone have any thoughts on the pricing and if I can negotiate further by asking for 6 or 7 years for the same price?

hfahmy

I paid $1520 to extend my CPO to 6 years/100K miles.

Prices for Lexus Plat. Warranty from a year ago:

6 YEAR 70,000 MILES $1,005.00,
6 YEAR 100,000 MILES $1,590.00
6 YEARS 125,000 MILES $2,210.00

7 YEARS 75,000 MILES $1,550.00,
7 YEAR 100,000 MILES $2,040.00
7 YEARS 125,000 MILES $2,845.00

8 YEAR 75,000 MILES $1,765.00
8 YEARS 100,000 MILES $2,485.00
8 YEARS 125,000 MILES $3,610.00

Before you finalize, I would call/email:

Troy Dietrich
Factory Discount Warranty / Toyota & Ford of Greenfield
Fathers & Sons Volkswagen, Audi, Porsche
& Kia of West Springfield
Tel. 413-772-0989
Fax. 413-774-2247
Web. http://www.FD-Warranty.com

tyrenfroe

You're in a tricky spot. I doubt remote dealers will sell you a factory extended warranty since your car is outside the "official" 4-year window. That removes the apples-to-apples shop around that one would normally do. Instead, you may wish to price shop remote dealers for whichever warranty you decide upon AS IF the car was WITHIN the 4-year window. Then, you can go to your own dealer, point out that the same product is being offered elsewhere at a lower price, but you'd really rather do business with him, and split the difference on the price. Just thinking out loud here. Perhaps others have some better ideas...

CJITTY

All i can say is those warranties are UPSELLS!!!! They are gambling on the investment you make that nothing will go seriously wrong so PUSH PUSH PUSH for the terms and price you want. They have room to move on that, so don't be intimidated. I can tell you I did not pay their "printed price" for my 5y/125k CPO wrap...paid about $500 less IIRC. All they can say is no, but they usually won't walk away from a decent offer

Nospinzone

I agree with Ty, you are in a tricky spot since you are out of warranty. I would just take a printout of hfahmy's prices and use it as a negotiating tool and get the best deal you can from them.