My wife's 2012 Camry has not had one single repair required either. We passed on the extended warranty on our new NX.

 

Hey all I’m debating 8 or 10 years. It goes up in price about 1300 for those 2 years or 700 a year compared to 1800 for first 8 years. Seems like a significant jump in price right?

 

Sounds like they know repairs escalate in those “out years”. $1800 for years 4-8 doesn’t sound bad. I think I’d do that. You’ll want the rapidly evolving new tech by then anyway.

 

These warranties are huge profit makers for the Dealers. Prices can vary wildly and if feel you can not live without one, shop around as you can but from any dealer, even out of state.

 

yep. My 2013 has had zero repairs which is why I bought a Lexus and why I’m getting a new one on Tuesday. The initial warranty should take care of any early bugs if which I had none

 

My dealer went down to twenty three hundred dollars and I still said no. That's when he moved on so I'm guessing that was low as they can go and make money.

 

@Sdrep73 which insurance policy was that offered.. And how long was the coverage?

 

10 yr 100k. Not sure they actuality said,. The last one I bought was platinum for my 2022 es.

 

How many of us will own their Lexus for 8 years? I think only a few. Maybe for them the extended warranty “might” help.

 

No, extended warranties rarely pay for themselves. The insurance companies that provide them and the people that sell the get a lot of profit from them. If you can pay for a big repair, skip them.

 

I tend to keep vehicles for a long time. As I patiently wait for our no-ETA RX 350h, I'm in the 2014 Pathfinder that is now almost 10 years old. And FWIW, extended warranty paid for itself many times over in the 8 years it was active.

 

Unless you own a Dodge. Had one for an AWD Grand Caravan that cost about $3K CAD and paid out about 17K in repairs.

 

Somebody will always win the bet. I’d probably get one if I was buying an Alfa Romeo Giulia.

 

At least the Guila is a great drive. Unlike a soccer mom vehicle. And yeah, as a general rule, extended warranties are a sucker's bet. I am counting on the Toyota/Lexus reputation for reliability to not need one. But if in 4 years it does, we can still get it from the dealer at a small upcharge, but i would probably sell it.

 

These warranties are like betting at the casino. The advantages always favor the house.

If you are a long term owner you might have a chance, but the warranty people has the data and know the odds are in their favor.