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Extended Warranty (merged threads)

 
Old 05-15-19, 11:09 AM
  #106  
mirkee
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So how much of an extended warranty did your $2,4000 buy you?
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Old 05-15-19, 02:11 PM
  #107  
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Default Extended Warranty Terms

This Extended Warranty continues the Lexus new car/CPO warranty with $0 deductible with no mileage or time limitations as long as we own the car.
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Old 05-16-19, 06:22 AM
  #108  
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Originally Posted by Oldernu View Post
This Extended Warranty continues the Lexus new car/CPO warranty with $0 deductible with no mileage or time limitations as long as we own the car.
So if you keep your car another 10-15 years, I'd say you made out very well!
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Old 05-16-19, 06:28 AM
  #109  
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Originally Posted by Oldernu View Post
This Extended Warranty continues the Lexus new car/CPO warranty with $0 deductible with no mileage or time limitations as long as we own the car.
Whoa, I didn't know they had a lifetime warranty. Nice.
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Old 05-16-19, 06:32 AM
  #110  
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Originally Posted by Oldernu View Post
This Extended Warranty continues the Lexus new car/CPO warranty with $0 deductible with no mileage or time limitations as long as we own the car.
wow! that's a nice warranty coverage! is this by Lexus or some 3rd party warranty companies?
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Old 05-16-19, 10:52 AM
  #111  
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Originally Posted by Oldernu View Post
Bought an extended warranty for the first time. First CPO used car I bought since college--long ago. 2016 RX 350 has 16, 000 miles. Dealership replaced pads, resurfaced rotors, new tires, battery in presales prep. Nine months remain on new car warranty, then two years on CPO warranty before the extended warranty with $0 deductible begins. Cost $2400.

I'll drive this car until I'm wheeled away--then will tell my daughter to drive it and use the warranty until I expire. Long term planning here: I bet my life span will outlast that of the car!

pretty sure no warranty is this way. i almost bet you whatever they told you was wrong. you should really look at your contract.

my buddy bought a lexus cpo and they told him all this crap. we checked paperwork and it was all wrong.

how can they offer you a lifetime warranty...for the price? remember if its too good to be true it means it isnt.
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Old 05-16-19, 10:55 AM
  #112  
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Old 05-16-19, 12:11 PM
  #113  
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Originally Posted by goto35 View Post
Nice. If I had a business, that would be the only brand I'm gambling on, Lexus/Toyota, haha.
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Old 05-17-19, 12:37 PM
  #114  
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Default Check Twice

Thanks very much to the forum posters who expressed skepticism about the extended warranty info I posted. I rechecked the extended warranty terms. I labored under the misapprehension that Lexus and the dealer administered the program and that the terms were similar to the new/CPO warranty. In fact the contract was issued by CNA National--while better than one from Dewey Fleecim and Howe, a third party warranty still walks like a duck. Claims are adjusted by CNA National, not Lexus or the dealership, and the warranty has significantly more exclusions than the new car/Cpo warranty. I am rescinding the purchase and requesting reimbursement on the credit card used to make the purchase.

Shame on me for not reviewing the terms more carefully. And thanks again to the forum posters who questioned the terms I listed.
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Old 05-17-19, 12:48 PM
  #115  
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like i said...if its too good to be true..it means its not.

yes almost every dealer plays these game and if your uninformed you get screwed.
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Old 05-17-19, 01:34 PM
  #116  
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Originally Posted by Oldernu View Post
Thanks very much to the forum posters who expressed skepticism about the extended warranty info I posted. I rechecked the extended warranty terms. I labored under the misapprehension that Lexus and the dealer administered the program and that the terms were similar to the new/CPO warranty. In fact the contract was issued by CNA National--while better than one from Dewey Fleecim and Howe, a third party warranty still walks like a duck. Claims are adjusted by CNA National, not Lexus or the dealership, and the warranty has significantly more exclusions than the new car/Cpo warranty. I am rescinding the purchase and requesting reimbursement on the credit card used to make the purchase.

Shame on me for not reviewing the terms more carefully. And thanks again to the forum posters who questioned the terms I listed.
Glad you were able to review the terms and rescinded the warranty.
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