CoverageOne- $2861 worth it?
Thread Starter
Pit Crew
Joined: Apr 2016
Posts: 130
Likes: 11
From: Ontario
CoverageOne- $2861 worth it?
Hello everyone,
First post ever so please forgive me if its in the wrong place.
I just bought a 2015 Lexus IS350 F-Sport (wooooo!). The car had 12k km on it and manufacturers warranty up to 80K km. The extended warranty from CoverageOne adds to that and increases the warranty to 120k KM. it was quoted at $3861 but the dealer knocked off $1000.
My question is, does anyone have any experience with coverageone? The last thing I want is to blow almost $3k on something that will not help me especially after dropping this kind of money on the car. I have by monday (tomorrow) to confirm with the dealer when I pick up my new girl and sign the final papers.
Thanks for all your input!
Also, if anyone is in the Toronto-Area, hit me up!
First post ever so please forgive me if its in the wrong place.
I just bought a 2015 Lexus IS350 F-Sport (wooooo!). The car had 12k km on it and manufacturers warranty up to 80K km. The extended warranty from CoverageOne adds to that and increases the warranty to 120k KM. it was quoted at $3861 but the dealer knocked off $1000.
My question is, does anyone have any experience with coverageone? The last thing I want is to blow almost $3k on something that will not help me especially after dropping this kind of money on the car. I have by monday (tomorrow) to confirm with the dealer when I pick up my new girl and sign the final papers.
Thanks for all your input!
Also, if anyone is in the Toronto-Area, hit me up!
Last edited by Crossxup11; May 9, 2016 at 04:01 PM.
Driver
Joined: Apr 2016
Posts: 134
Likes: 7
From: GA
Hello everyone,
First post ever so please forgive me if its in the wrong place.
I just bought a 2015 Lexus IS350 F-Sport (wooooo!). The car had 12k km on it and manufacturers warranty up to 80K km. The extended warranty from CoverageOne adds to that and increases the warranty to 120k KM. it was quoted at $3861 but the dealer knocked off $1000.
My question is, does anyone have any experience with coverageone? The last thing I want is to blow almost $3k on something that will not help me especially after dropping this kind of money on the car. I have by monday (tomorrow) to confirm with the dealer when I pick my new girl and sign the final papers.
Thanks for all your input!
Also, if anyone is in the Toronto-Area, hit me up!
First post ever so please forgive me if its in the wrong place.
I just bought a 2015 Lexus IS350 F-Sport (wooooo!). The car had 12k km on it and manufacturers warranty up to 80K km. The extended warranty from CoverageOne adds to that and increases the warranty to 120k KM. it was quoted at $3861 but the dealer knocked off $1000.
My question is, does anyone have any experience with coverageone? The last thing I want is to blow almost $3k on something that will not help me especially after dropping this kind of money on the car. I have by monday (tomorrow) to confirm with the dealer when I pick my new girl and sign the final papers.
Thanks for all your input!
Also, if anyone is in the Toronto-Area, hit me up!
If you still need an extended warranty to help you sleep at night I think $2,8xx is way too high. Cost on the warranty for the dealership is probably around $1,500 (might be less) so they are potentially charging you almost twice the cost. Good luck
Intermediate
Joined: Jul 2015
Posts: 450
Likes: 72
From: AZ
It's a Lexus, known for reliability. It's your call but I always find these extended warranties as a waste. Just follow your maintenance schedule and you likely won't have issues. After all it's not a high performance car.
Pole Position
Joined: Jul 2010
Posts: 2,944
Likes: 182
From: Los Angeles, CA
and so what's the takeaway (for me)? well, i bought another extended warranty when i purchased my 3IS just in case. total peace of mind.
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Lead Lap
Joined: Aug 2013
Posts: 491
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From: Middle east
If you can buy it any time I advise you to wait until the car about 60-70k km. I tell you this because it is not guaranteed you will have the car until 80k km, you could sell it, get into an accident and the insurance consider it totaled, or get into a fight with the dealer due to bad service...
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Thread Starter
Pit Crew
Joined: Apr 2016
Posts: 130
Likes: 11
From: Ontario
All very good points. Thanks everyone.
The dealer knocked off another $200 and I accepted it.
I know Lexus has a great reputation for being reliable. But I also feel like in the real world, things don't always go as planned. $2661 is not a large sum of money to sleep easy (relative to the price of the car). And I figure I only have to use it once to be happy I got it.
The dealer knocked off another $200 and I accepted it.
I know Lexus has a great reputation for being reliable. But I also feel like in the real world, things don't always go as planned. $2661 is not a large sum of money to sleep easy (relative to the price of the car). And I figure I only have to use it once to be happy I got it.
Thread Starter
Pit Crew
Joined: Apr 2016
Posts: 130
Likes: 11
From: Ontario
If you can buy it any time I advise you to wait until the car about 60-70k km. I tell you this because it is not guaranteed you will have the car until 80k km, you could sell it, get into an accident and the insurance consider it totaled, or get into a fight with the dealer due to bad service...
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