Toyota has no plans to extend coverage
His logic is flawed. If their cars are THAT reliable that they don't "need" to extend the warranty, then they might as well extend the warranty, because according to them it would cost them almost nothing to do so, since their cars just don't break anyway, right?
Hell, just give em 200k mile warranties while you're at it - all Toyota and Lexus vehicles run flawlessly to 250k miles, right, so you wouldn't actually increase your warranty expense costs.... the old thing you'd increase is loss of sales on extended warranties, which apparently only suckers who think Toyotas actually break, buy, anyway, and the cost of those lost warranty sales would be increased by the gain in popularity and purchases by people with newfound confidence in Toyota's extended warranty.
Or could it be that they know their cars break, but know a lot of consumers don't think they do, so they'll play the infallible role by pretending extending warranties is 'beneath them' and all the while laugh while out of warranty Toyota owners pay for high-markup visits to dealer service departments because their Toyota had a 'fluke' and broke, unlike most...
Hell, just give em 200k mile warranties while you're at it - all Toyota and Lexus vehicles run flawlessly to 250k miles, right, so you wouldn't actually increase your warranty expense costs.... the old thing you'd increase is loss of sales on extended warranties, which apparently only suckers who think Toyotas actually break, buy, anyway, and the cost of those lost warranty sales would be increased by the gain in popularity and purchases by people with newfound confidence in Toyota's extended warranty.
Or could it be that they know their cars break, but know a lot of consumers don't think they do, so they'll play the infallible role by pretending extending warranties is 'beneath them' and all the while laugh while out of warranty Toyota owners pay for high-markup visits to dealer service departments because their Toyota had a 'fluke' and broke, unlike most...

Basic: 36 months/36,000miles
Powertrain: 60 months/60,000 miles
Rust:60 months/unlimited
Ford:
Basic: 36 months/36,000miles
Powertrain: 60 months/60,000 miles
Rust:60 months/unlimited
Chevy:
Basic: 36 months/36,000miles
Powertrain: 60 months/100,000 miles
Rust:60 months/100,000 miles
So they just matched Toyota's warranty.
You think Toyota should have longer warranty than Ford? In what world does that happen?
100k miles != 60k miles. You may think that's insignificant given that their expiration times are identical, but if it's insignificant, why is the guy quoted in the OP doing such a song and dance about how they're not going to match the competitors? Either there is a pink elephant in the room, or there isn't.
I guess it might happen in a world where Toyota's products are quality-made enough to where they can back them up with a longer warranty as a show of faith in their own products. So as to say "our products outlast the competition, and we stand behind it with a superior warranty"
Ya know... like how Casio and Gucci watches (known more for functionality or trendy styling than for actual quality) have a 1-2 year warranty, but a Seiko or Citizen watch has a 3-5 year warranty.
You think Toyota should have longer warranty than Ford? In what world does that happen?
Ya know... like how Casio and Gucci watches (known more for functionality or trendy styling than for actual quality) have a 1-2 year warranty, but a Seiko or Citizen watch has a 3-5 year warranty.
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Hoovey689
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