Prepaid Maintenance Program
Thread Starter
Lead Lap
Joined: Oct 2003
Posts: 489
Likes: 3
From: NC
Prepaid Maintenance Program
Any of your Lexus dealers offering a prepaid maintenance program? Mine here in NC offers a program with discounted maintenance. The discount varies depending on how many miles of service you prepay. The benefit is the discount (around 30-35% depending on the prepay amount) and locking in today's service pricing.
Anyone using or heard of a similar program and what do you think of it?
Anyone using or heard of a similar program and what do you think of it?
Lexus Champion
Joined: Mar 2004
Posts: 1,973
Likes: 10
From: Arizona
They are a "hook" into future service. This assures the Lexus dealer you will return to them for all your services. Since service is where all the money is, they like the opportunity for the "big" one.
Most Lexus vehicles are leased.
Most Lexus vehicles are leased.
Rookie
Joined: Sep 2005
Posts: 84
Likes: 0
From: fl
I got a prepaid maintenance program I do not remember the price I think it was 850 for 50,000 miles and it can be done at any Lexus dealership. I'm happy with it just sing and leave never have to pay when you go in.
Lexus Champion
Joined: Dec 2002
Posts: 3,474
Likes: 2
From: Tennessee
So a 35% discount for what? 60k miles maybe? That's 4 to 5 years for most people. Now break that down into what you could get in a total return in a conservative investment - say w/ a 9% return. 40 to 50 percent return.
So while it's not really a bad idea if you're going to get maintenance anyway - it's not exactly saving you much if anything, or costing them any less either if they're investing that money.
So while it's not really a bad idea if you're going to get maintenance anyway - it's not exactly saving you much if anything, or costing them any less either if they're investing that money.
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kensteele
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Jun 24, 2009 07:59 PM
