3rd party extended warranties
Lead Lap
Joined: Jul 2010
Posts: 4,785
Likes: 154
From: The South
The credit union warranties that I have noticed seem to fall under CUNA Mutual or something like that. My 460 had that company and I never used it, but they seemed on the up and up. Plus the credit union backs them, so I think if you got screwed, the CU may be able to be an advocate for you so their name doesn't get dragged in the mud too. The one's you hear on tv, radio or pop up ads might not be a good look. Credit unions seem to offer the best rates anyway for loans, so might as well. My 460 had 44K miles on it. I didnt' want to pay 2K for the Lexus extended, so I went with platinum CUNA which was $1K for Platinum with zero deductibile and added 60K to my warranty (104K mile warranty)
Here is the link to the exact plan I had with my credit union https://www.kfcu.org/assets/files/26...f-005056a30070
Here is the link to the exact plan I had with my credit union https://www.kfcu.org/assets/files/26...f-005056a30070
Racer
Joined: Feb 2006
Posts: 1,419
Likes: 52
From: AZ
I'm not sure about a warranty backed by a Credit Union, so I'll leave that out of my comments. My experience with a 3rd party warranty was a disaster! They found reasons not to cover anything. The only saving grace was that the Lexus dealer that sold me the crappy warranty was sorry for being involved with the scam and covered some things that the "warranty" refused. Never again!
Steve
Steve
The Warranty i got when I bought the car from Toyota is about to expire. I am looking to replace it and have been talking to a couple of nearby Lexus Dealers. 2 of them gave me pricing on a warranty from CNA. One of the dealers said they were the plan administrator which means I do not have to deal with CNA directly, just take the care to the dealership and they deal with it. I am awaiting the "fine" print before making a decision.
Does anyone out there have experience good or bad with CNA?.
Does anyone out there have experience good or bad with CNA?.
Have you discussed "extending" the current, unexpired warranty (it's a Lexus/Toyota warranty)? The way it was explained to me is that they cancel the existing warranty and refund it pro rata and then issue a new warranty.
Rookie
Joined: Apr 2009
Posts: 94
Likes: 9
From: Hawaii
just in case somebody reads this. i purchased an allstate premium 3 year warranty from the dealership (non-lexus) where i bought my pre-owned 2007. cost me 2k but it covered my 4k control arm replacement. they sent an adjuster to confirm the repair was legit since it cost so much. so if you have a dealership that gives you an extended warranty option and its allstate, don't hesitate to get it....
Last edited by krypto89; May 27, 2014 at 03:07 PM.
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Lexus Fanatic
Joined: Jan 2014
Posts: 5,371
Likes: 526
From: BC Canada
Third party policies are a joke for the most part. Studies and research shows that fewer than 20% of those who purchase them ever get their money return in repair services. I would imagine that with reputable Japanese brand vehicles, that the return is even lower.
LOL!! Wow....sounds familiar to my story. I cancelled mine in February and same problem. I've been on the phone with them three times and each time..."cheque is on the way".
Third party policies are a joke for the most part. Studies and research shows that fewer than 20% of those who purchase them ever get their money return in repair services. I would imagine that with reputable Japanese brand vehicles, that the return is even lower.
Third party policies are a joke for the most part. Studies and research shows that fewer than 20% of those who purchase them ever get their money return in repair services. I would imagine that with reputable Japanese brand vehicles, that the return is even lower.
I'm getting the same promises you are.
Lexus Fanatic
Joined: Jan 2014
Posts: 5,371
Likes: 526
From: BC Canada
I ended up purchasing a Platinum Lexus Warranty from one of my local dealers. 2/yr additional 50K coverage. It was a little pricey but in the end it was worth the piece of mind and the ability to transfer it should I decide to sell is also a plus. Thanks CL.
I ended up purchasing a Platinum Lexus Warranty from one of my local dealers. 2/yr 50K coverage. It was a little pricey but i n the end it was worth the piece of mind and the ability to transfer it should I decide to sell is a plus. Thanks CL.