Toyota backed warranty for a new Tundra - 7 years for $980 - worth it?

"MUSASHI66" (musashi66)
10/30/2018 at 10:19 • Filed to: None

EDIT - it is for platinum protection, no deductible. It covers almost everything that can break

!!!error: Indecipherable SUB-paragraph formatting!!!

It finally arrived! Dealership took their sweet time to get the Line-X bedliner installed, so we just picked it up yesterday.

We arrived home around 9 pm, so it was too late to take good photos - I’ll upload some when I have a chance to take some good ones. Bushwacker fender flares are arriving thursday, so maybe after that.

Anyway, during the final paperwork, we were offered 7 years of Toyota-backed warranty (not third party) for $2500, but that came down to $980 when we said no. We have 2 more days to add it if we want to - is it worth it for $980? My dad will drive less than 10k per year, and I don’t expect over 70k miles in first 7 years, but we might end up with a property out of town which would push us into probably 100k in first 7 years.

Our old 2000 Tundra SR5 access cab gave us years of trouble free ownership, and that’s why we went with a Tundra again. I don’t want to waste $980, but I also do know how expensive sensors and electronics can be on newer vehicles.

Oppo thoughts?

DISCUSSION (52)

Spamfeller Loves Nazi Clicks > MUSASHI66
10/30/2018 at 10:29

Research the most common failure. If the most common failure costs more than ($Cost Of Warranty/2) and is actually covered by the warranty, then yes.

Remember the ‘additional warranty’ usually doesn’t actually cover jack shit. e.g. “Oh yeah, you have an extended warranty and your IPC failed! That’s not covered.” Or “your transmission is a model not covered by this warranty.”

WilliamsSW > MUSASHI66
10/30/2018 at 10:30

7 years total or 7 more years on top of what you get for free?

That said, IF it’s factory it seems like a good deal. One repair could pay that off.

And fuck 3rd party warranties with a chain saw. Worthless.

Wacko > MUSASHI66
10/30/2018 at 10:32

So this is a 2 year warranty extension for what ever is covered after the first 3 years?

OpposResidentLexusGuy - USE20, XF20, XU30 and Press Cars > MUSASHI66
10/30/2018 at 10:32

7 years for only $980. I’d definitely pull the trigger on that one. Peace of mind for that little cost for sure.

Nothing > MUSASHI66
10/30/2018 at 10:34

No. That’s basically 4 years of warranty, since you get 3/36 bumper to bumper, and 5/60 power train. I know 2 people that bought 2007 Tundras new. One had to replace a starter earlier this year. The other hasn’t had any issues. I know that isn’t the biggest sample size. My neighbor has a ‘14 1794 edition, he’s had zero warranty claims.

Also, does that warranty have a deductible? Most seem to have a $100, keep that in mind as well.

MUSASHI66 > WilliamsSW
10/30/2018 at 10:38

7 years total from date of purchase. I just emailed the finance lady to get the link for the warranty to research it a bit more. I’d never get aftermarket warranty.

MUSASHI66 > Spamfeller Loves Nazi Clicks
10/30/2018 at 10:38

They have Platinum, Gold, and Powertrain, and some cover a ton, some do not. I emailed the finance lady for more details as I can’t remember which one was she peddling to us.

https://www.toyotafinancial.com/us/en/vehicle_protection_plan/new_vehicle.html

Future next gen S2000 owner > MUSASHI66
10/30/2018 at 10:39

No. If you never buy warranties you will come out ahead. Remember this, on average, those warranties make money regardless of the company offering them.

WilliamsSW > MUSASHI66
10/30/2018 at 10:41

If the OEM warranty is 3 years, you’re getting 4 years for 980, not 7. Still seems like a good deal, if it covers what the original warranty covers and is transferable. Devil is in the details of course.

Watch out for the bait and switch - make sure the warranty says it’s from Toyota- shady dealers will say it’s from the maker but the paperwork PROVES it.

MUSASHI66 > Nothing
10/30/2018 at 10:46

That’s the biggest reason I said no. I really don’t expect much to go wrong in first 7 years. But then again, if it does and it is not covered, the cost is usually high. I’ll wait for her answer to see if this is platinum, gold or powertrain. If it is powertrain, then it’s not worth it as it doesn’t cover much.

https://www.toyotafinancial.com/us/en/vehicle_protection_plan/new_vehicle.html

MUSASHI66 > OpposResidentLexusGuy - USE20, XF20, XU30 and Press Cars
10/30/2018 at 10:47

But we already spent a lot more money on a Tundra vs RAM for a piece of mind... it’s only like $13 extra per month if we want to finance it at 0%. I need to do more research on common issues.

MUSASHI66 > Wacko
10/30/2018 at 10:47

Well, it is 4 years on top of first three based on my math :D

Matt Nichelson > MUSASHI66
10/30/2018 at 10:49

I would absolutely get it for that price. Don’t compare your old Tundra to this one. Things are different now, more electronic stuff, and as you said, they can be expensive to replace. Less than $1k for peace of mind is well worth it imo.

vicali > MUSASHI66
10/30/2018 at 10:52

Pass, $980 can get you skid plates, or sliders, or most of a set of new tires. All these would give you actual protection .

Or it could maybe cover you from some boogeyman issue in the short term if all the paperwork is correct and you ticked the boxes just right ..

We passed on extra warranty on the Tacoma.

Nothing > MUSASHI66
10/30/2018 at 10:53

We did the 7 year Mopar warranty on my wife’s Jeep when we got it. Uconnect, air suspension, giant sunroof, etc had me a bit nervous over the long haul. The only item we had that would have been covered were the windshield washer t-connectors broke, but replacement cost on those was under $100.

Mountains States offered me the same on the Taco, but I didn’t take it. I figured the most complex item on the Taco is the head unit.

MUSASHI66 > Future next gen S2000 owner
10/30/2018 at 10:54

Well, that is not that simple - on average, that is true, but there are plenty of cases where warranty saved someone’s bacon. See Doug with his CarMax. Or my buddy with a BMW 330xi which like to eat his coils.

Textured Soy Protein > MUSASHI66
10/30/2018 at 10:55

No. Modern electronics be damned. The Tundra is not a new platform and Toyota parts are not expensive. If/when you need work done past the warranty, go to a good indy mechanic with a cheaper labor rate than a Toyota dealer.

MUSASHI66 > Matt Nichelson
10/30/2018 at 10:56

Electronic gizmos is what I fear the most. We have radar cruise control, fancy lights, backup camera, parking sensors, blind spot monitoring, pre-collision sensors....plus dozens of other acronyms I’m not ever sure about. Any of those goes during warranty and $980 would probably pay for itself.

shop-teacher > MUSASHI66
10/30/2018 at 11:01

I would do it for that price. One freak part failure could cost twice that.

Dr. Zoidberg - RIP Oppo > MUSASHI66
10/30/2018 at 11:07

I would confirm that all the things you mentioned would actually be covered under this experience warranty first

BeaterGT > MUSASHI66
10/30/2018 at 11:16

I would at that price. I’ve even paid more than twice that and come out ahead, YMMV of course. I think researching common issues would be a good idea as well as ensuring the extended warranty isn’t watered down at all.

loki03xlh > MUSASHI66
10/30/2018 at 11:18

The problem is you don’t know what the “common issues” will be on a 4 -7 year old 2018 Tundra. It’s an in surance policy for $13/month.

Future next gen S2000 owner > MUSASHI66
10/30/2018 at 11:24

True but those cases are in the minority.

WiscoProud > MUSASHI66
10/30/2018 at 12:20

Thats really cheap, i would absolutely get it.

MUSASHI66 > Dr. Zoidberg - RIP Oppo
10/30/2018 at 14:01

It covers almost everything, it is platinum and no deductible

https://www.toyotafinancial.com/us/en/vehicle_protection_plan/new_vehicle.html

MUSASHI66 > WilliamsSW
10/30/2018 at 14:02

Just got the answer, it is top of the line platinum through Toyota

https://www.toyotafinancial.com/us/en/vehicle_protection_plan/new_vehicle.html

Very hard to refuse...

MUSASHI66 > loki03xlh
10/30/2018 at 14:03

Tundra has been more or less the same for 11 years, so that is why we think we might not need it. But, it is platinum protection and it covers almost everything for 7 years

https://www.toyotafinancial.com/us/en/vehicle_protection_plan/new_vehicle.html

MUSASHI66 > BeaterGT
10/30/2018 at 14:03

Warranty is amazing, it is platinum through Toyota

https://www.toyotafinancial.com/us/en/vehicle_protection_plan/new_vehicle.html

It covers just about everything.

MUSASHI66 > shop-teacher
10/30/2018 at 14:04

That is why I think it would be worth it. At platinum level, it covers just about everything for $980.

MUSASHI66 > WiscoProud
10/30/2018 at 14:04

I’m leaning that way..

BeaterGT > MUSASHI66
10/30/2018 at 14:21

I can understand why people put faith in new cars, especially Toyota, but 1 grand for 4 years peace of mind is easily worth it in my view. I would say this also depends on how much you’re willing to wrench yourself. Who knows, maybe you can get them to drop the warranty price even further!

WilliamsSW > MUSASHI66
10/30/2018 at 14:39

Only reason to turn it down is if you don’t plan to keep the car beyond the original warranty, if you ask me.

MUSASHI66 > WilliamsSW
10/30/2018 at 14:43

We’re keeping it for 15+ years. Good chance this will happen tonight.

WilliamsSW > MUSASHI66
10/30/2018 at 14:46

Kinja'd!!!

Spamfeller Loves Nazi Clicks > MUSASHI66
10/30/2018 at 15:39

If it’s the Platinum ? Then you absolutely must buy it. Not should: must . Because let me tell you, any of the electrical problems it cover? Instantaneously pay for the warranty, on the spot. Even with a $100 deductible they would instantly pay for it.

The average cost of an ACM repair is more than $1000. The average cost to repair a faulty infotainment system? More than $1000. TCM goes out? That’ll be at least $1000. Steering sensor? That’s a grand. Ice in your painted door handles causing premature failure ? Oh yeah, that’ll be at least $1000 too.

My Regal has been almost entirely trouble-free and has still cost GM more than $3,000 in warranty repairs. No, that’s not a typo or exaggeration, at all. One ACM, one ACM sensor, one “torque the bolt back up,” one HMU flash, and one extremely expensive door handle.

shop-teacher > MUSASHI66
10/30/2018 at 15:58

Yeah, that’s some cheap insurance.

JBT > MUSASHI66
10/30/2018 at 16:01

I bought it for my 4runner. 5 years in, zero repairs. BUT- here’s why it’s still worth it: resale. When I sell it in a year or two - it still has the full transferable warranty. That is a lot of piece of mind for a buyer that they won’t find a hidden defect. If they do, it’s covered for free. In the used market you'll get your money back. And you'll be covered the whole time if something does go wrong.

Highlander-Datsuns are Forever > MUSASHI66
10/30/2018 at 17:40

I only bought an extended warranty on a new car once and it was never used. So I just threw $1300 in the garbage.

ZHP Sparky, the 5th > MUSASHI66
10/30/2018 at 17:54

As many others have said, given the type of coverage you’re getting and the $0 deductible it is a no brainer to get this policy. Especially given all the electronic gizmos on these newer vehicles. Can they roll the cost up in to your financing? That would make it extra sweet at very little incremental monthly expense too.

MUSASHI66 > ZHP Sparky, the 5th
10/30/2018 at 18:28

Opinions are split in half - it’s either “do it, it’s cheap and you get a peace of mind” or “don’t do it, not needed on a new car, especially older model like Tundra”. I’m torn.

MUSASHI66 > Spamfeller Loves Nazi Clicks
10/30/2018 at 18:35

Torn between “I bought a Tundra and that shit shouldn’t happen” and “it is a truck loaded with gizmos, something will go wrong”.

MUSASHI66 > vicali
10/30/2018 at 18:37

This truck probably won’t see any off-road any time soon. We have our trusty 2000 Tundra which I wouldn’t mind banging up. I’d get the rock sliders just for looks :D

But it’s under a grand for platinum warranty with no deductible. It’s a screaming deal.

MUSASHI66 > Textured Soy Protein
10/30/2018 at 18:38

There aren’t many mechanics much cheaper than $100 per hour plus parts. This would pay itself off with one part breaking more or less. But, we had almost zero issues with the 2000 Tundra.

MUSASHI66 > Highlander-Datsuns are Forever
10/30/2018 at 18:39

You have health insurance, car insurance, house insurance and you throw away thousands of dollars per year because you want to be covered. Extended warranty is the same thing, except not mandatory.

ZHP Sparky, the 5th > MUSASHI66
10/30/2018 at 19:07

Do you see yourself keeping the vehicle for 7+ years? Is $980 a large sum of money for you? Is it an option to have it rolled in to your financing? These are all probably questions specific to you that you’d be the best person to answer. Both sides are being reasonable – it is an older platform that is tried and true, but like you said it has a bunch of more recent electronic gizmos and safety equipment. Just one of those things fizzling out and needing some new sensors 5 years down the road could easily end up costing much more than the upfront cost you’re being quoted today. If it’s an amount you can afford then it’s not an unreasonable price at all for some peace of mind. If it’s an amount that is significant for you, you’re not making a crazy irresponsible decision by foregoing it either given the vehicle we’re talking about here.

Highlander-Datsuns are Forever > MUSASHI66
10/30/2018 at 19:22

I feel like a car is a consumable and there are a lot of factors as to why one may buy an extended warranty, like number of miles driven and how long you plan on owning the vehicle. My health and my home are a hell of a lot costlier to fix if they break than a $40,000 truck, or a $25,000 car in my case.

Spamfeller Loves Nazi Clicks > MUSASHI66
10/30/2018 at 20:02

And that’s the thing. It only takes ONE thing going wrong outside of warranty for this to pay for itself at the $980 pricetag. When you’re talking $3k for a ‘meh, we sorta cover the engine’ thing? Totally different. $980 and covering electrical? Hell yes.

MUSASHI66 > ZHP Sparky, the 5th
10/30/2018 at 20:34

Very rational answer, thank you!

bob and john > MUSASHI66
10/31/2018 at 02:59

id take it. 7b years is a LONG time. who knows what might happen then. worst case, you have an extra selling feature.

MUSASHI66 > bob and john
10/31/2018 at 09:27

We won’t be selling for 15+ years, but you are right - who knows what can go wrong in 7 years. I think my dad wants it, so we shall see how it goes.

Sovande > MUSASHI66
10/31/2018 at 10:43

That’s about $12 a month over 7 years. Or $0.40 a day. I’d be all over it.

MUSASHI66 > Sovande
11/01/2018 at 21:36

We bought it. It just felt right being so cheap and knowing all the stuff that can break.