Extended Warranty
Pole Position
Joined: Oct 2002
Posts: 3,067
Likes: 456
From: Pennsylvania
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.
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.
Instructor
Joined: Jan 2023
Posts: 1,243
Likes: 542
From: British Columbia
I have no interest in buying an extended warranty, but I wonder how much more it is if you buy it at the end of 4 years. A $3000 warranty will now cost the potential buyer $600 (5% bank CD x 4 years) if bought day one versus at the end of year 4. So if the $3000 warranty costs less than $3600 at the end, it pays to wait. You’ll also know if your car seems flawless or problematic.
Pole Position
Joined: Oct 2002
Posts: 3,067
Likes: 456
From: Pennsylvania
Driver
Joined: Oct 2022
Posts: 50
Likes: 20
From: Kansas
Jerry-Midwest
This is the way to play this game if you want the warranty, local dealer will almost always match the better price if you show them proof of the better price. It's great fun at closing time when they try to guilt you into "don't you want tp protect your new vehicle" and you answer of course I do if you match a much better price..
Advanced
Joined: Feb 2023
Posts: 638
Likes: 370
From: VA
That's true but Lexus gives you a 4 year/50k reg and 6 year/70k power train warranty therefore an extended warr. is a waste in my opinion. My 2008 LS never had anything but basic maintenance and wearable parts replaced (eg brakes) . One of the main reasons people buy Lexus/Toyota is because they are more reliable. Maybe I should have waited a year since it's a new model but hopeful anything major will be covered in the next 6 years. If I bought a Land Rover, Jaguar, or MB I might think about ext warr but not Lexus.
Driver
Joined: Oct 2022
Posts: 50
Likes: 20
From: Kansas
That's true but Lexus gives you a 4 year/50k reg and 6 year/70k power train warranty therefore an extended warr. is a waste in my opinion. My 2008 LS never had anything but basic maintenance and wearable parts replaced (eg brakes) . One of the main reasons people buy Lexus/Toyota is because they are more reliable. Maybe I should have waited a year since it's a new model but hopeful anything major will be covered in the next 6 years. If I bought a Land Rover, Jaguar, or MB I might think about ext warr but not Lexus.
Advanced
Joined: Jul 2013
Posts: 707
Likes: 349
From: Vermont
That's true but Lexus gives you a 4 year/50k reg and 6 year/70k power train warranty therefore an extended warr. is a waste in my opinion. My 2008 LS never had anything but basic maintenance and wearable parts replaced (eg brakes) . One of the main reasons people buy Lexus/Toyota is because they are more reliable. Maybe I should have waited a year since it's a new model but hopeful anything major will be covered in the next 6 years. If I bought a Land Rover, Jaguar, or MB I might think about ext warr but not Lexus.
Intermediate
Joined: Nov 2014
Posts: 409
Likes: 130
From: WA
For sure Toyota/Lexus are very reliable and always will purchase extended warranty for that "oh s**) moment. After coming back from a three week vacation our previous owned '19 Rav4 XSE (garaged entire three weeks) radio crapped out, it goes on and off and carplay wont come on. From what our service people had told us this is a common problem (I didn't believe them because if that's the case Toyota would've issued a recall) replacing the radio unit and labor would've cost us $1,500 and the extended warranty practically paid for itself in this instance. And if you are going to tell me I should've put a battery tender on the Rav before a long power idle, im going to say sorry I wont put a battery tender ever for that reason.
Driver
Joined: Aug 2018
Posts: 57
Likes: 12
From: DE
Any Toyota / Lexus dealer can sell you a Lexus Extra Care Platinum plan which is backed directly by Lexus. If you choose to go through a Toyota dealer, just make sure they aren't in the South east region as they are not able to offer the official Toyota warranty but rather a third party warranty backed by JM Families (the company that owns Southeast Toyota). The warranty is honored at any US Lexus dealer and historically, Jerry has been among the cheapest. I surprisingly managed to snag a cheaper price than Jerry through Earnhardt Toyota. It was $200 cheaper through Earnhardt on a 10 year, 125K plan.
Racer
Joined: Mar 2023
Posts: 1,550
Likes: 876
From: TX
There are so many companies that offer extended warranties that a blanket statement like this would probably be often incorrect.
Pole Position
Joined: Jan 2005
Posts: 3,312
Likes: 541
From: Florida
Pit Crew
Joined: Jun 2022
Posts: 103
Likes: 19
From: ON
i was at the dealer a month ago and IIRC he mentioned extended warranty. now my present vehicle has a ECP which i bought on delivery and it came with 4 oil changes which had to be doe within the first 2 years. if you buy the ECP after the first 3 yrs or something you would be missing out on these oil changes. This is in Canada so dont know whether its country specific.
Driver School Candidate
Joined: Apr 2021
Posts: 18
Likes: 10
From: TX
We bought a 2008 RX350 in 2007 and not a single issue until now (16 years) at 144k miles. Purchased 2021 RX350 again two year ago. Extended warranties are totally waste of money if you buy a Toyota/Lexus. Just make sure you regularly perform maintenance (Oil change every 5k, tire rotation, brake pads, etc.). There is a very slight possibility that the car may show up some major issue, but you will find it within the regular warranty period. Instead, invest the money and use it for repairs.