Notices
RX - 4th Gen (2016-present) Discussion topics related to the 2016 and up RX350 and RX450h models
Sponsored by:
Sponsored by:

Extended Warranty (merged threads)

 
Old 08-04-16, 12:14 PM
  #31  
RX350Ralle
Driver School Candidate
 
Join Date: Aug 2016
Location: NY
Posts: 3
Likes: 0
Received 0 Likes on 0 Posts
Default RX350 2016 Dealer selling extended coverage for 10 yrs

We are picking up our 2016 RX350 on Mon. The Dealer is offering a 10 yr 100,000 mile Zero deductible platinum extended plan for $2995. We generally keep our cars for 10 years. The plan includes the following
1. key replacement
2. dent and ding removal
3. tire/wheel road hazard protection
4. replacement of covered components resulting from the gradual wear and use when the wear exceeds manufacturer's specifications. Coverage includes repairs to vehicles mechanical and electrical systems such as engine, transmission, drive axle, air conditioning, and electrical. Not covered are all routine maintenance items.

The financial consultant at the dealership is saying that if one wants to get this discounted price a decision has to be made at the time of purchase.

Any feedback would be greatly appreciated.

Thanks so much.
RX350Ralle is offline  
Old 08-04-16, 12:44 PM
  #32  
ggebhardt
Lexus Champion
 
ggebhardt's Avatar
 
Join Date: Jan 2005
Location: Florida
Posts: 2,576
Received 109 Likes on 99 Posts
Default

Number 4 has a huge grey area for me.

I know people who have driven their Lexus for well over 100K and never had any maint issues.

The odds are always in the favor of the dealer. and they hope that putting the plan in with your financing well sell it.
ggebhardt is offline  
Old 08-04-16, 12:51 PM
  #33  
RX350Ralle
Driver School Candidate
 
Join Date: Aug 2016
Location: NY
Posts: 3
Likes: 0
Received 0 Likes on 0 Posts
Default

thanks for your reply. On my 2004 RX which I am trading in I just had a headlight burn out at 115K miles.
RX350Ralle is offline  
Old 08-04-16, 01:05 PM
  #34  
zkl2003
Rookie
 
Join Date: Sep 2015
Location: CA
Posts: 87
Received 1 Like on 1 Post
Default

I really like #2, dent and ding removal. I never know dealership actually offer those body work. I just recently removed one of my dent that hint by unknow object. and it costed me near 500 dollar for 3 spot. I guess 2995 for 10 years is actually good deal. but I think it is very hard to make a decision for future since you might protect your car super well haha.
zkl2003 is offline  
Old 08-04-16, 01:10 PM
  #35  
coolsaber
Lexus Champion
 
Join Date: Mar 2015
Location: In your head
Posts: 2,253
Received 54 Likes on 49 Posts
Default

Originally Posted by RX350Ralle View Post
We are picking up our 2016 RX350 on Mon. The Dealer is offering a 10 yr 100,000 mile Zero deductible platinum extended plan for $2995. We generally keep our cars for 10 years. The plan includes the following
1. key replacement
2. dent and ding removal
3. tire/wheel road hazard protection
4. replacement of covered components resulting from the gradual wear and use when the wear exceeds manufacturer's specifications. Coverage includes repairs to vehicles mechanical and electrical systems such as engine, transmission, drive axle, air conditioning, and electrical. Not covered are all routine maintenance items.

The financial consultant at the dealership is saying that if one wants to get this discounted price a decision has to be made at the time of purchase.

Any feedback would be greatly appreciated.

Thanks so much.
I assume Rallye?

Anyways i would suggest your liaison to forward you the exact contract specifying the provider, coverage, and exclusion policies for this.

And no a brochure does not work.

Figure out what the terms are and provider. If the provider is Lexus, and the terms listed are actually in the contract, then boy is that a steal of deal.
coolsaber is offline  
Old 08-04-16, 01:38 PM
  #36  
RX350Ralle
Driver School Candidate
 
Join Date: Aug 2016
Location: NY
Posts: 3
Likes: 0
Received 0 Likes on 0 Posts
Default

Yes it is Rallye. Your feedback makes a lot of sense
Thanks
RX350Ralle is offline  
Old 08-04-16, 02:36 PM
  #37  
HenryNYC
Rookie
 
Join Date: Oct 2012
Location: NY
Posts: 50
Likes: 0
Received 2 Likes on 2 Posts
Default

For what it's worth. I turned their offer down. Even after they discounted it. Just don't ask me exactly how much cause it's been quite a few months already but it was 2-3 hundred range. I thought in the long run wasn't worth it to me. It already has 4/50k warranty out of the box. $3k for the difference and other addons just wasn't for me.
HenryNYC is offline  
Old 08-05-16, 08:22 AM
  #38  
DenverRx
Rookie
 
Join Date: Jan 2016
Location: CO
Posts: 78
Received 5 Likes on 5 Posts
Default

I switched to Geico insurance when I bought my 16' RX (half of what State Farm was charging). They told me about their Mechanical Breakdown Insurance (MBI). It is for 7 years/ 100K with a $250 deductible; bumper to bumper. You have to enroll before your car is <15 months old and <15K mi. It starts out very cheap (was quoted $58 for 1st year) but does go up. I calculated it would cost $600 total for 6 years. I realize it's useless during the factory warranty period, but doesn't seem too expensive for 3 extra years of B to B coverage.
DenverRx is online now  
Old 08-05-16, 09:27 AM
  #39  
coolsaber
Lexus Champion
 
Join Date: Mar 2015
Location: In your head
Posts: 2,253
Received 54 Likes on 49 Posts
Default

Originally Posted by DenverRx View Post
I switched to Geico insurance when I bought my 16' RX (half of what State Farm was charging). They told me about their Mechanical Breakdown Insurance (MBI). It is for 7 years/ 100K with a $250 deductible; bumper to bumper. You have to enroll before your car is <15 months old and <15K mi. It starts out very cheap (was quoted $58 for 1st year) but does go up. I calculated it would cost $600 total for 6 years. I realize it's useless during the factory warranty period, but doesn't seem too expensive for 3 extra years of B to B coverage.
How did you get $600 total?
coolsaber is offline  
Old 08-05-16, 10:02 AM
  #40  
DenverRx
Rookie
 
Join Date: Jan 2016
Location: CO
Posts: 78
Received 5 Likes on 5 Posts
Default

Originally Posted by coolsaber View Post
How did you get $600 total?
The increases are: Years 1-3 = 1-2% increase (I would start in year 2 because of factory warranty)
Year 2 cost = $60
Year 3 Cost = $62
Year 4 = 10% increase
Year 4 cost = $68
Year 5 = 50% increase
Year 5 cost = $102
Year 6 = 25% increase
Year 6 cost = $128
Year 7 = 30% increase
Year 7 cost = $166

Total cost for 6 years = $586
DenverRx is online now  
Old 08-05-16, 10:12 AM
  #41  
DenverRx
Rookie
 
Join Date: Jan 2016
Location: CO
Posts: 78
Received 5 Likes on 5 Posts
Default

The Geico MBI is an insurance policy. If a auto brand has a history of expensive repairs (eg. BMW, Mercedes) the initial amount is much higher. If there are a lot of claims for a particular model, the increases I've listed above can be greater. Downsides are: if you sell/trade the car, the warranty is nontransferable and if Geico jacks up your insurance rates and you decide to leave, you loose your warranty.
DenverRx is online now  
Old 11-21-16, 05:30 AM
  #42  
tresmith00
Pole Position
 
Join Date: Feb 2003
Location: NY
Posts: 351
Received 5 Likes on 5 Posts
Default

Originally Posted by ycnibrc View Post
I have the 6 years 100,000 mile for $1,076. You never know with all those electronic start stop and navigation.
Where did you purchase your warranty?
tresmith00 is offline  
Old 11-23-16, 07:46 AM
  #43  
Gibster
Pole Position
 
Join Date: Feb 2006
Location: Illinois
Posts: 200
Received 5 Likes on 4 Posts
Default

I realize that when it comes to extended warranties YMMV (pun intended). And they can provide some peace of mind although most people I know that have them seem to run into coverage issues when submitting a claim.

In my case I just sold my '05 RX with 140k miles. Even with the steering rack failure, wheel bearing replacement, and HID leveling sensor, I'm nowhere near $3k. Heck, even the HID bulbs are the originals.

The Lexus reliability is a primary reason I bought the '16 RX.
Gibster is offline  
Old 04-26-17, 03:18 PM
  #44  
hoplim
Driver School Candidate
 
Join Date: Apr 2017
Location: MA
Posts: 8
Likes: 0
Received 0 Likes on 0 Posts
Default Can I still buy extended warranty from out-of-state dealers?

Hello all,

Just got my wife's RX450h, very excited!

I am wondering if I still can buy extended warranty from out-of-state dealers. If so, could anyone recommend a dealer with a good price? Otherwise, anyone know which dealer has a good price in North Carolina?

Thanks a lot!
hoplim is offline  
Old 04-26-17, 03:20 PM
  #45  
Joeb427
Lexus Fanatic
iTrader: (1)
 
Joeb427's Avatar
 
Join Date: Aug 2007
Location: SC
Posts: 11,607
Received 8 Likes on 7 Posts
Default

Toby Rivers
Lexus of Shreveport
1-800-335-3987
[email protected]
Joeb427 is offline  

Thread Tools
Search this Thread
Quick Reply: Extended Warranty (merged threads)


Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: