Should you buy an Extended Warranty for your Toyota?
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- čas přidán 14. 05. 2024
- A Toyota master diagnostic technician tells you if you should you buy an extended warranty for your Toyota.
So many people wonder if Toyotas are so reliable why should you buy an extended warranty ? Is it a total waste of money? is it a dealership scam to make more money on the car purchase?
Well in this video I will go over the commonly or frequently asked questions about extended warranties or service plans for Toyota cars.
I will give you reasons you should buy one and reasons you shouldn't. I will also make you aware of the common schemes when it comes to extended warranties. Including Life time powertrain power train song and the cheap and easy online extended warranty contracts for your car.
This information really applies to all makes of cars but since I work with Toyota I focused it on Toyota specically but you can apply the same information to other makes as well.
Always negotiate the price on extended warranties and ask for what's covered but most importantly what's not covered by the warranty.
Questions? Comment or email please note that it takes me sometime to get back to you via email but I always will in the end.
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#thecarcarenut #toyota #extendedwarranty
0:00 Intro
0:54 Should you buy one?
4:45 Is it a waste of money?
5:48 The most important information
15:58 Reasons not to buy one
19:15 Things to be aware of
22:50 Conclusion - Auta a dopravní prostředky
My simple warranty philosophy - If the odds weren’t in their favor, they wouldn’t offer it.
I agree. If the odds are good for them, they’re good enough for me. I usually buy certified used anyway, and they come with an extended warranty from the manufacturer. Often the remainder of the original warranty plus the extended certified warranty are longer than the original one if I bought a new car instead.
If you want true peace of mind, don't buy one of these swiss-cheese insurance policies.
Perversely, I am always glad when warranty runs out on something I have bought. I do not have to wrangle with the warranty administrators; I take care of it myself on my own schedule.
Exactly the same with some additional insurances sellers offer washing machines etc.
@@flagmichael Great advice! Thanks!
best warranty . Put $500 a year on the side and don’t touch it. By the time something break use that money. Now you are the warranty company
Id rather use or invest than money and not lose the inflation.
@@SuperReviews4you if you are afraid of inflation then invest that money in gold than it will only go up that's what I do thair is a website that let's you buy gold then you can use it like cash on their card
@@justinb1536 Gold does not always go up. In August it was $2070; now it is $1837... an 11% loss in half a year. I remember January 1980, when there was so much hoopla about Gold hitting $850 (equivalent to almost $2700 today). Within a couple of months it dropped to $300-$400 and stayed there for years. Gold has lost about $100 per ounce just in the last month.
I bought an extended warranty for my new car $1700. Covers for 7 years or 100k miles. Not too bad. Too much electronics on these new cars. Peace of mind.
That’s a good price Jon. Is that Toyota extra care?
I was a proud mechanic and did great work for over 35 yrs. Decided to stop working so hard before I wore out my body. Took a job for an extended warranty company. Talking to service advisors, customers, field inspectors. Looking up levels of coverage for all. It made me sick seeing how people thought they were covered “bumper to bumper”. Company manager approached me at 90 day probation period saying, congratulations! You’re doing great and past the probation period. I said thanks but you didn’t pass mine. And I walked off the job. Their jaws dropped. 😁
Yep I did researched on a VERY much advertised company, "Car Shield" and tons of horror stories on-line and the Better Business Bureau has given them an "F" rating....ouch. When I had my truck in the shop, they asked me if I had an extended warranty and I replied, "I AM the extended warranty...I do all my own maintenance and any repairs I can handle!"
@@coloradoboo1071 F Whoa.
yes dave
@@coloradoboo1071 GREAT IDEA!
Based beyond belief.
I bought an extended because I was afraid that the convertible top might break on my IS350C. However, the deal maker for me was that it was 100% refundable, if the extended warranty is never used. The catch was the customer had to request in writing the refund within 60 days prior to the end of the warranty. The company that provided the warranty most likely believe people will forget about the refund or assume the refund is automatic. There was only one problem during the extended period, the side view mirror. However it was a easy DIY fix so I never used the warranty. In the end I got my refund. Reading is fundamental.
When I purchased my wife’s Highlander, Finance manager asked if I wanted extended warranty. My words to him were....”No thanks, that’s why I’m buying a Toyota, plus the money I save from not buying an extended warranty I will put it aside and use it for oil changes and regular maintenance”
He looked at me and told me no one has ever put it to him that way. 9 years later car is still running great with basic maintenance.
LOL, family member bought a rav4 certified preowned and I said the same thing about the warranty.....
I love your statement! You have a plan and sticking to it and it worked out great! Most people show up at the finance office having no idea what’s what.
Purchased a 2011 Kluger, that's what the Highlander's called in Australia. After 11yrs and 200,000klms, still runs like a dream and never had to replace anything. P.s one thing they didn't tell me, it's speed limited to 185kph😉
My 2002 Prius (now my son's) needed its first repair besides the usual consumables - tires wiper blades, 12V batteries, a windshield (Arizona is the Land of Flying Rocks) - at 198K miles: the inverter coolant pump. $150 plus a few hours getting to it and life was good. It just got a hybrid battery rebuild ($2000) out of my pocket at 210K miles and 19 years old. Would I really have spent only $100 per year for an extended warranty that would actually have paid for those, and would it have extended past 200K miles? Sure, why not? Any wacky thing _could_ happen.
@@TheCarCareNut If you end up in a finace office at a dealership... You're already chum in shark infested water...
Bought a 2017 Tacoma. Refused the extended warranty. At 38k my power steering rack had a bad leak. Was quoted $3,700 for the repair. My dealer went to bat for me with Toyota to try to get the repair covered, since it was a premature wear. Toyota didn’t cover it, but my dealer actually paid for it. But I wish I would have gotten the extended warranty. But thankful for a good dealership though!
$3,700 for a power steering rack, Total BS, A new Toyota rack is less than $1000
@@bindingcurve they said it was the labor because the mounting bolts are on top and they would have to lift the engine to get to them…
Most off-road shops cot the bolts and install new ones from the bottom. I hope they flipped the bolts. Even if you lift the engine it's NOT 2700 in labor.
The biggest reliability myth scam is the one perpetuated by Toyota. Their cars & trucks break just as much as the other brands (with perhaps a bit less frequency). Plus Toyota denies claims at the same rate if not more. People are unfortunately more gullible now than in the past.
Been in the car biz many years 20+ with Toyota, 5 w/used Dlr & also GM
Im a skeptic
This indicates, the leak may not have been an actual costly repair.
It could have billed as costly for a lengthy procedure
Many dealers ask for the big fix first.
As a fall back they do the quick or basic repair,
ie gasket as opposed to entire replacement.
I would like to believe your guys did the noble thing.
Their opening request & ultimate resolution leaves me doubtful
I bought a 2023 RAV4 Hybrid Limited. When I got in the finance office he started telling me horror stories about expensive electronics failing and how much repair cost. He talked me into a 10Year warranty. When I got home I did a search on the company and only found two negative comments on the BBB website. There was nothing else about the company on the internet. It was like they scraped the internet getting rid of any reviews or information. I was afraid the company might not even be around in 10 years. I went in the next day and canceled it. The main reason I bought a Toyota was for it's reliability. I may reconsider before the factory warranty runs out because of all the fancy features of the limited. Why the industry makes the buying process so unpleasant and there is no honesty or integrity. I dislike going to dealerships for that reason.
I had me the warranty for my 2017 camry... I never used it. It was a mistake... Toyota is the most reliable car on the planet...
Obviously from watching your channel, AMD, you're a great mechanic - but you're an even better person for sharing the info in this video. Very honest and helpful! Wish you worked at my local Toyota dealership! 👍
Excellent excellent excellent educational videos
Yeah. AMD word and recommendation is considered gold.
I did buy my EW from the dealership when I bought a 1 yr old/20K 4-Runner in 2013. Coming up for 7 years ago (62K miles!). About 4 years ago, they did replace the rubber piece that was making the “handle” of the lift gate weird.
I’m a 75 yo female with zero mech/tech knowledge but have started watching your videos. Love them
Just texted my dealer service rep and gave him your CZcams info. Also asked for a copy of my extended warranty so I can look for the things you mentioned. Thanks
He's the only channel I subscribe to. I have had a Toyota truck since 1984, and the end of this coming February, I have another new one being delivered. I learn things that I didn't even know to ask about, giving me a great education on the vehicle I drive everyday.
Me and my friends have bought Extend warranty, dealer salesman just said “We cover Everything, no problems “. But they did lied when we need trying to fix our problems. Big lied, by Melody Toyota and Recently by by City Toyota.
I said no and just fixed it myself with everything I learned from AMD!
That's right!! Do it yourself by listening to AMD and scotty Kilmers 53 years of experience. Save yourself money and diy!!!
who is AMD?
AMD,
raise your hand. 😄
“Raising my hand” I am AMD. What did I do now?
Someone is asking...
Finally! Someone in the auto industry who tells the truth, has [un] common sense and logical...refreshing!
I always buy new cars and I've never bought an extended warranty on anything in my life. Just a waste of money in my opinion. Love your channel btw. God bless you and your family. 🙏
I have an '06 Sequoia 4x4 with almost 208k miles. Runs like new. I am my warranty !!
I never buy extended warranties, but I made an exception when I purchased my 2015 BMW X1 used in 2016. I now have one year remaining on my extended warranty and when that's over I'm selling the X1. I've heard too many horror stories about older BMWs and their repair costs.
The extended warranty I purchased was a BMW warranty. There is NO WAY I'd buy an extended warranty through a third party.
Edit: putting that BMW up on the screen to illustrate vehicles that have continuing problems made me smile.
BMW = buy more worries, any BMW over 80k best to get rid of it.
You are officially my favorite channel now! I love how you share your knowledge and your honesty. Thank you sir.
Went back to Toyota dealer today to cancel my extended warranty. Bought a 2021 highlander and they tried charging me $2700 for the extended warranty and they were very pushy with it. Warranties usually cover the things that will most likely not go bad…
My dealership experience as a tech was that dealers spend the bare minimum and cut every corner possible to get the used cars through service and onto the lot for sale. I was removed from one for refusing to replace unneeded parts under extended warranty to pad the dealer's pockets and boost the service manager's numbers. Buyer beware.
thats not your job to refuse, if the money is coming out of the customers pocket then yes you'd be right, otherwise your an employee do what they tell you to do, if its stealing its not you doing the theft its the service manager you're just a paid robot
@@avi614614 it's absolutely my job to refuse to participate in warranty fraud. To clarify, this was money being stolen by the dealer from the manufacturer. Maybe you're ok with this as I've seen many who are. I refuse.
@@avi614614No
@avi614614 They tried that arguement at Nuremberg... Didn't pan out so well there.
@@avi614614 really? You need to re-calibrate your moral compass. He did the right thing.
AMD, this is the single most important video that you have done! Kudos to you for taking this to the task. The truth is that there are warranties (factory and Toyota Extra Care) and there are vehicle service contracts (VSCs). The factory warranty will cover parts and labor at 100% with NO deductible and use factory parts. VSCs have a long list of exclusions, can require the customer to pay a deductible and use aftermarket, rebuilt or even used parts. Furthermore, the VSC administrator will decide whether they will cover the cost of the repair or not. They could refuse to pay your mechanics' labor rate because they think it is too high. Here is the kicker, that VSC that is advertised on TV all the time has another gotcha - the removal, the tear-down, inspection and reporting fee. Yes, they could require this to decide if they will pay for the repair. In this removal, tear-down and inspection procedure, the owner is on the hook for this. Read the fine print! Check the BBB and other sources for VSC complaints before buying. VSCs may delay the start of your repairs while they think about whether they will be for the repair or not. VSCs are like insurance companies, you are dealing with an "adjuster" (administrator) that will decide your fate when you need a repair.
If you buy a new car and the finance guy sells you a VSC, it is likely that the VSC coverage will start when you drive off the lot meaning you are paying for duplicate coverage with the factory warranty which will supersede the VSC coverage. You need to have the finance guy put in writing when that VSC period begins.
Buy a Toyota or Lexus and do the required maintenance on time. My 2004 Tundra has the original brakes and clutch. The only repair that I have made was to replace the #2 O2 sensor because the heating element died. The part cost me $45.00 and 20 minutes of my time to replace it. Toyota's are bulletproof if you do the maintenance correctly and as scheduled. Save your money and take the money for the VSC and put that monthly fee in the bank for repairs. Better yet, take the money that you would sink into a VSC and use it to pay down your credit cards.
AMD, thanks for discussing this misunderstood car ownership issue.
I almost bought an extended warranty for my 12 Nissan Murano which I bought used in 14.The dealer wanted $3500.I declined. It now has 131k miles on it with normal wear and tear and runs and looks excellent! Your right put the money in a bank and use it for any repairs that may come up
Excellent assessment! Thank you!
J
Great info on warranties-but Toyota products are are not bulletproof, sorry.
@@jamesbrett567 Well, my Tundra and 4Runner have been nearly bulletproof. My 2004 Tundra has only required the replacement of O2 sensor #2 when the heater element burned out. It cost me $45.00 and about 20 minutes of my time to replace it.
Without doubt the best channel on CZcams.
Easy to understand, so smart and untypically honest. Thank You....
I just discovered your channel the other day and subscribed. You must be the most well-informed Toyota guy I've ever seen, and are you like the nicest guy ever or what?! Thank you for your excellent, detailed, straightforward, very informative videos. Toyota is lucky to have you.
I am one week away from visiting dealerships and this is exactly the information I needed to make some meaningful decisions. Thank you so much for taking the time to explain the different warranties.
Before I watched this video I had a lot of questions about extended auto warranties but after watching this video you've answered all the questions I needed so thank you for that. I wish that however there was more information in the CZcams World about Lexus vehicles.
I wish all technicians are like you who are truthful and honest! Especially when working on a customer's vehicle!
You are a godsend man. This is by far the best CZcams channel I have ever watched and subscribed to. Thanx again for all your brilliant and honest tutorials 🙏
I've typically done well with extended warranties. My last car had a 10 year warranty on it (5 extra years) and in the last 2 years, I had almost $6000 worth of repairs covered on it. That warranty cost about $2300. I keep my cars a long time, so I like the peace of mind. The way I look at it is, I'm prepaying for a few smaller repairs to have the cost included in my payment. Then if/when something goes wrong down the road, the cost is already covered. When I purchased my new Venza recently, I purchased a full 10 year warranty for about $2500. I know the Toyota Hybrid system is very reliable, but these cars are also VERY complex, so if anything does go wrong, it can get very expensive very quickly. I also have yet to have a AC system last longer than 8 years in any car I've had over the years so I figured at the very least, I'll get a replacement AC system out of it (which is typically $2-$3k). From my experience, things start to go on cars after about 7-8 years. I purchased a 3rd party warranty from the dealership as Toyota's ECP plan doesn't go any longer than 7 years (or 8?). I wanted something to cover me the full 10 years. The top level warranty I chose covers all the same things the factory warranty does, but doesn't come with the 3 years of free maintenance the Toyota ECP does. To me, having the few extra years of warranty is worth a lot more than a few extra oil changes (especially since my dealer gives the first couple of oil changes for free already). If you change your cars every 4-5 years, it's likely not worth it to buy an extended warranty since most things are covered during that time already. However, if you keep your cars long term (like I do), it can be a good idea.
I had the same rationale. I drive a very reliable Tacoma, but seeing how the air-conditioning and electrical audio and suspension components are not under the powertrain warranty I’m happy I went with an extended warranty that covers all of the above.
Thanks for this info. Would you please name the extended warranty company you’re talking about, since you were happy with them?
@@searchforthetruth1998n8.
With the extended warranties a lot of people don't realize that they can actually get reimbursed for their warranties and they can get a check in the mail which is what I got when I recently traded my 18 Camry for a 22 xse. 2 weeks later I received a check in the mail for my warranty which I never really had to use so people need to keep this in mind...
You are a gold mine. Thank you so much for your honesty and integrity.
I love this man. The mechanic step-dad we all need
God bless this man. This video helped me decide if I really need an extended warranty. We need more people that are as honest as you, sir. Thank you
Excellent video. I would always prefer all-inclusive extended warranty a long “not covered” list over a long list of “covered” items.
AMD: You are THE man !
Thank you for your honesty about this topic.
Many of us listen.
Thanks AMD for the honest truth so the consumer can make the best choice for themselves!!!
You the man!!!
Keep up the good work
You are the honest mechanic I’ve heard, wish every mechanic was like you
Awesome video AMD! If I had a mechanic as good as you around my town, I will not be buying extended warranty and just rely on the mechanic and pay out of pocket for repairs.
The magic bullet is to find a mechanic as good as you.
You are opening the people eyes, ears & nose to make that better decision how to buy. Thank you.
I love this guy! No question he's the real deal and he lays it down straight. God bless you, brother!
this is the BEST Video i have ever seen on extended warranties.
Thank you so much great video I did get the extended warranty from the dealership but later found out it wasn’t through Toyota and I was not happy!
Oh wow,an honest mechanic with a moral conscience. You are really appreciated. I really love watching your videos. Thank you Sir
Thanks for educating consumers it's rare to hear someone tell the truth about these things I was a diesel mechanic for a long time but I'm also a NYC Firefighter i ways do my due diligence when buying a vehicle and rarely get an extended warranty because I can do almost anything that can go wrong but because i work two jobs I would sometimes buy a warranty on certain vehicles because if something catastrophic goes wrong I'd rather it be someone else spending the time to fix that my off time is way to valuable to me
Andy, I’m an engineer, I don’t buy warranties, period. I’ve been driving cars since 1965. I have purchased many new cars. I don’t buy cars for less than 6 years (except 1971 Vega, 1980 Citation, & 1985 Eurosport wagon......GM drove me to.....drink.....no to change). Since I changed to Honda, 1995, my car year length has increased to 10+ years (150,000 + miles). I purchased my first Toyota (RAV4 in 2017, FWD, I live in Chicago, wife’s car) and it has 50k and is running flawlessly! I drive a 2009 CRV, 120k, couple of problems (brakes, ground) ......annoying but minor. The Honda dealer offered me an extended warranty for my wife’s 2006 Accord when it was new, 100k, 4 years, for $1700, supposedly a Honda warranty. In 4 years my wife won’t exceed 60k miles, and that was the regular 3 year(60k miles) warranty. The salesman said if I didn’t use the warranty, they would return my money. I never asked the salesman, what hoops would I need to jump thru to get my money back. I didn’t purchase this useless warranty. The first repair on the Accord was at 170,000 miles, the starter needed replacing. The aftermarket new starter cost $85, installation was $100. Thanks for this great video....hopefully you have taken the blinders off the sheep’s EYES! Jim
EXACTLY!
Seeing as how I’m a master tech at a dealer I’ll agree with you while disagreeing. He stated in the video that it’s pretty much an insurance policy. So for instance if your engine started leaking oil from the rear main seal or a torque converter failure all of which can and does happen on rav4’s. I can tell you on a RAV4 it’s a 16 hour job according to the pricing guide. 16 hours times $140 per hour, pretty much paid for itself. So hindsight is 20/20. You may never need it, you may use it every service which does happen since our extended warranties cover axles and water pumps which also fail on Toyota’s often and I’d rather get the factory parts and not remanufactured or after market stuff. However this is my 2 cents. It’s like a tool to fix things that never go wrong, I’d personally rather have it and not need it than need it and not have it. Either way no wrong answer, preference.
After I wrote all that, on the 2017 RAV4, Toyota radios seem to have a higher then I’d expect fail rate. Some radios I’ve seen for exchange units cost as much as 2 grand and as little as $400. That warranty could come in handy unless you wanted to spend and wire in an aftermarket radio and all the things to make it so your back up camera and steering wheel controls work with it.
Your full of crap
@@Trex6767 That's the central issue - the cost times the likelihood. I haven't had a rear main seal problem in the 25 years I have been using synthetic oil... it can happen, but what are the chances? That is why I check carcomplaints.com for common problems and carsurvey.org for satisfaction for the model and year I am considering. They don't help much on newer cars but they flag the really bad stuff.
@@flagmichael
I see you do your homework. That’s good but like you said it doesn’t help on new cars. So that’s a benefit for me being in the industry and having living lived in my area for half my life. If I’m curious about for example a Kia stinger(only car I could think of off the top of my head that’s fairly new) I’d pop up at the Kia dealer down the street and talk to some techs. I also own a Subaru and when I’m at the dealer I’ll go up to some techs and ask questions. More often than not they’ll keep it real with you and tell you if they’ve seen problems. So we can agree knowledge is power and yes I realize that sounds lame haha
Priceless info CCN, a lot of this I didn’t take into consideration. Thanks bro. much blessings much love
I am soooo thankful I found your videos!! We are researching Toyota avalon hybrid to purchase.
Keep in mind that the Toyota extended warranties can be purchased at a later time, as long as you do it before the comprehensive warranty expires (3 years, 36K miles). Also, the price for the Toyota Extra Care extended warranties are set by the dealer, so it’s a good idea to shop around. Toyota can cover out of warranty repairs if you contact the corporate office. However, they take into consideration how far outside the component is from its respective warranty, how many Toyotas you may have owned (loyalty), and your service history with a Toyota dealer.
So much honesty here! Appreciate this video. In April 2019 i bought my 2013 ES350 with only 30,009 miles on it from a non-Lexus dealership. THe original owner traded it in along with a high mileage BMW. Since i financed it, i decided to get a 4 year 48k miles extended warranty. I did it for piece of mind, yes it’s similar to car insurance. It’s for a “just in case” situation. Although these Lexus ES350’s are virtually bullet proof, you just never know. In hindsight now after owning this for almost 2 years, i wouldn’t get the extended warranty if i had to buy a similar ES350 today. at that time i lumped the warranty into the car finance so it wasn’t a big upfront cost.
1. If you're going to do it get extra care, not another company.
2. Are you planning on holding onto your car past the powertrain warranty period? If so maintain it and do NOT use the Toyota service schedule which will tell you your transmission and differential fluid is lifetime. It also states your coolant is ok to 100K. I recommend 30-40K on automatic transmissions, coolant at 60K, Brake fluid every 2 years, Manual transmission and differentials @ 60K. Oil and filter changes at 5k with conventional and 7.5K with synthetics are ok providing you use OEM filter and check the oil in between changes at least every 1-2k. Do this and it's doubtful if you'll need to spend the money on extended warranty. BTW I am a former MDT who currently owns his shop and I have 38+ years in the business. My first Toyota certification was obtained in 1985.
Good advice! Thank you!
Thank you !!!
What’s MDT mean?
Wish I would’ve had this channel years ago I’ve wasted to much money over the years buying cars the wrong way.
Just great content here thanks and keep it up AMD.
God bless you
you're a great mechanic and a good advisor for consumer as well !
Thank you AMD for the great content! I find it valuable and have watched almost every video in the past few weeks
May the Lord bless you dear brother for sharing this gem!
Amen! The lord bless you and keep you as well!
Wished all mechanics are like you but the videos you make are all worth watching and a lot of good advises. Keep those videos coming. I also wished you were close by, could use one.
I think some people have issues with extended warranties at purchase because they never factor in the potential $2000 extra the warranty could add to their purchase when they're already at their max purchase price or they may have experienced a year or two of maintenance issues after a used car purchase of things the warranty doesn't cover anyway. Not to mention some warranties are only for a set time after purchase. If I buy a 3 year warranty and nothing ever happens until year 4 when my engine or transmission goes up then I'm up a creek anyway. It's a roll of the dice. I say if you're going to warranty the car the put that price on the sticker. Don't shock me when I get to the finance office. My two cents.
Great video overall. My brother bought his Toyota and purchased extended warranty, not too sure what company he went with. I do know they sent someone out to inspect the car and authorize if it could have the warranty in effect, great policy too if I recall it was 125,000 miles or 7 years from the date of manufacture and covered most of the things mentioned in the video that are important to have.
OMG AMD, this is some great information for average joe’s out there. Awesome stuff, much appreciated.
Thanks AMD for the heads up and info!
Here’s another video suggestion "10 year old Paint warranty" it’s a subject that has come up many times with friends and family members that put faith it! My 2009 XRS Corolla that my friend sold me in 2015 suffered from a little rust but caught it in time to slow it down by applying rust proofing! He really thinks it legit and I told him that a renowned local paint shop said it’s all a scam and has proof of a 2-3 year old fender with rust underside of it!
No one cold hate you Sir. You’re such an honest and kind man.
A most timely and informative video for me. I'm close to the end of a 3 year lease on a 2019 Toyota with a very low miles. I decided to buy the car and purchase an extended warranty. Shopped on-line and at the dealership from where I leased the car. Prices in the $3k to $4k range for 8 years/100k miles. Decided to go with the Toyota VSA Platinum for which my car is qualified. Thought I would check if the quoted VSA price was negotiable and called 2 other dealerships. Both quoted prices significantly lower than the original dealer's. I learned from your video that the powertrain warranty on new Toyotas goes to 60 months. All good.
As an old DIY amateur mechanic on old British cars, I enjoy very much your repair videos.
Thanks.
This was some very good information. I laughed at when you said: Lifetime Power Warranty. My local Toyota Dealership offers that. They advertise it in every commercial. I like an honest mechanic. When I bring my car in for service at a Toyota Dealership. Tell me everything that is going on with my car. So I can stay in the know of what's going on with it.
I was a automobile service advisor for 15 years and had to deal with several service contract companies and you are spot on. They are very hard to deal with. It seems that their first priority is to find an escape clause, not to serve their customer. I believe that if you MUST have a service contract, buy the vehicle manufacturer's extended service policy.
My personal advise to prospective service contract buyers is to take your monthly service contract cost ($150?) and place that amount is a separate bank savings account to draw from in the event that a vehicle repair is needed. If a repair is not needed you have a nice nest egg.
Honesty are hard to find these days. Thank you for your knowledge n insight on car warranty.
Probably one of your best videos so far...
15:30
Also good advisors! It doesn’t matter how good a technician can look over a car if the advisor will just pick and choose for the customer because they think you can’t afford it.
Your advice is worth tons of GOLD. I learn sooo much.
Thank you for helping the consumer and being a honest mechanic. Scotty and you are good people
I stopped listening to Scotty when he sang the praises of the Volkswagen Atlas. 🙄
Great and informative video. Honestly makes me wish I got the warranty of my Tacoma. Though the difference between insurance and warranties is that one is required by the DMV to have.
We got the extended warranty on our 2017 Tacoma. It’s been a great trouble free vehicle……except for the air conditioning that essentially disintegrated after five years. It cost us zero to fix as opposed to thousands without the warranty. The insurance comparison is very true.
Nice information, I appreciate listening to you. Your humour in the presentation is great.
TY for your video.
I learned a lot.
Dealerships are creeps!
Thank you for your honesty and common sense advice.
Get a factory or OEM mfg warranty. Be very very careful of third party auto warranties. They have high deductibles and lots of exclusions.
I used to do the accounting for a major (legitimate) insurer's Vehicle Service Contracts (warranties). They were our most profitable product, by far. The dealerships marked them up further. I recall a Texas dealership that sold them at twice our recommended price.
I bought a certified 2012 Camry in 2014 and purchased the extended warranty as well. Since I would be using the car for long-distance travel, I thought it a good idea to have one. Yes, I thought that I may never need it and that it may be extra monies laid out at the time of purchase, I always rested well that I had that extra coverage in the event I needed it. I did have a few things that were covered under the warranty so I would definitely do it over again. Thanks, AMD, for another great video!
your channel is a blessing. thank you
Only buy an extended warranty if your 'Toyota' is made by Subaru, BMW/Magna Steyr or Mazda. The lifespan of my Toyota has been e-x-t-e-n-d-e-d by Krown Rustproofing and Amsoil Signature Series synthetic oil for nearly 16 years and there are no signs that warranty will be running out any time soon ;-)
Got 2019 Camry certified from dealer with 30,000 miles and purchased the Toyota extended warranty. Thankyou AMD
In this video I love your analogy of if you buy a warranty and don't use it waste of money? Then reflect on car insurance,
I had a buddy that co-owned an appliance store with his dad. They didn’t make much profit on sales of stoves, washers and dryers. What kept them in business was extended warranties. Greg said that for every dollar a customer paid for the warranty it cost the warranty company .10 in covered repairs. It’s crazy to buy a warranty on a car that is covered by a new car warranty.
You can get a prorated portion of the warranty back in the event you sell your vehicle. Did this with Honda/Acura Care from Honda/Acura when I sold my Acura. The only warranty work utilized was to replace the hood struts that were failing after 4 years or so... YMMV
You should do a “ how to find a honest/good mechanic video” thank you for your solid advice.
Thanks for this. Such a scam these extended warranties. It has never worked for me in the past. Nothing is ever covered.
I bought a used Tundra with 5.7 V8 only 35k miles. It came with 100k extended warranty. So glad to have it when I discovered dreaded cam tower leaks at 75k. A different Toyota dealership covered entire repair and gave me a RAV4 loaner. $50 deductible.
Your awesome bro. I love all your content. So informative. Thank you for all you do. 👍🏽🙏🏼
Sir, thanks so very much for all that you do for us people that don't understand these things, you are a priceless mechanic to me , and someone that will always look up to you Sir , have a very blessed week ahead my friend! 😇😊
I really like that you are thinking about the car owner.....it is rare. Thank you!!!!
I recently bought a 2020 rav4. The only extra thing I opted for was the rust protection. The car still has the factory drive train warrenty up to 100k or till next October. The extended warrenty they offered me only covered internal things like power seats or minor electronics. I figured if these things break I could fix them myself or pay out of pocket.
I was a mechanic for 30 years and I agree with you on extended warranty. Is no different than paying for car insurance. Why not. I got so many scam calls after I got my extended warranty. Claiming to be my extended warranty and emerge not. I can’t remember how many times I went the dealer to ask and told that was scam, don’t worry about it.
Well done AMD, very informative, and I check out your channel on a regular basis.
Greetings for the UK, I have just been listening to a man that has the same thinking strategy, well done🎓🎓
One of the main reasons I now drive a Toyota truck was when the transmission failed on a GM truck 2 days after the factory warranty lapsed and GM told me they wouldnt cover it, despite me being a GM employee at the time . Ive always been more than happy with the way my local Toyota dealer has handled any problems my truck has had.
Wow! Sorry to hear about that. What a slap in the face for GM not taking care of you. 😠
*Former GMHE employee here. Sure, with multiple discounts, rebates and thousands of GM Visa Card points they were always cheap to buy and then die horribly expensive deaths. GM just being their normal, greedy a$$hole, miscreant selves. GM's PT Barnum sales philosophy is why Toyota crushes GM in worldwide sales. The Schadenfreude in watching this unfold warms my heart. Cheers!*
@@blackrifle6736 also the dealer experience is stark difference. I don’t know why but within the same auto group I had a bad experience with the Chevy arm but loved my Toyota experience. Maybe Toyota holds their franchisees to a different standard?
@@Trammael *Precisely. At all levels, TMC has zero tolerance for the unethical, BS games GM not only allows but actively encourages from its dealers. GM's mantra is and has always been: "Get the Rube to sign and push the Iron out the door. Nothing else matters". Cheers!*
GM does not build quality vehicles. I have employee discount on Gm vehicles. I have two Toyota's and two Honda's none of them have had problems except oil changes and maintance routine. All four vehicles are in the family. My father is a GM retiree and they do not care about them either. My Father owns a Honda as well!
Just purchased a 2020 XLE Highlander with 20000 miles on it. We bought the 7 year warranty for $2000. I figured if it had 20k miles Bc it was a rental it would be worth it. Time will tell I guess
Thanks for the info and sharing your perspective. I would appreciate a video with advice about how to search for and choose a mechanic that’s right for you. The relationship can feel so disempowering, they have all the knowledge and as a ignorant person about the details of car maintenance it can be a very fearful process
The Benediction is a nice touch at the end of each video.
Thank you so much for sharing your knowledge with us.
Watching your video is like receiving cash in my wallet. Thank you very much dear AMD.
You're the BEST, Amd! God bless you!
Yes! The Video was very helpful!! You are an amazing salesman!! Knowlegeable and articulate! You seem very trustworthy!! Thank you!!
Whatever this guy says, he means. He has saved me thousands and his channel is thorough and informative. Can say enough but thank you!
This is the best channel for cars on CZcams!!!
We've had two vehicles with extended warranties: My 2008 Camry LE (2.4L) and my wife's 2013 Honda Fit Sport. For mine, the extended warranty was used, quite a bit. Before the six years (100K miles) was up, the rack-and-pinion and radiator were replaced, along with a transmission seal leak. (Later, the ubiquitous problems with the falling sun visors and the melting dash were dealt with, N/C). For the Honda Fit, well, just a couple of Dunlop tires (which were terrible, BTW). So, as they say, mileage will vary.
On a related note: It's my understanding that work done under a Toyota Extra Care warranty is not as lucrative, for the technicians and the dealership, on a per hour basis, as non-warranty work. I have also heard, from multiple sources (text and conversation) that because of this relatively reduced hourly rate, warranty work is often not assigned to the most experienced and skillful techs, but shunted off to a lower-level technician, whenever possible. Sometimes that produces poor outcomes.
Finally, there's the proverbial "elephant in the room" vis a vie dealerships (and independent or chain shops) as service sites. Generally, I've heard this described as the split between "diagnostic" and "merchant" cultures. A diagnostic culture goes to an accurate analysis of a car's potential for emergent or actual problems, and offers preemptive or immediately necessary remedies based on accurate diagnosis. (You're clearly in that camp, the diagnostic approach).
On the other hand: Many dealerships (and independent/chain shops) sell services, whether they are necessary or not. Case-in-point: The local Toyota dealership pushes transmission flushes, which we know are terrible for transmissions. I've gone as far as to show them the TSBs from GM and Honda, explaining to these dealers that they will void transmission warranties (for GM and Honda vehicles) if flushes are performed. . These "wallet flushes" are high profit services, so these kinds of recommendations continue, even if they are unnecessary or even harmful to vehicle life.
AMD, you're clearly an ethical practitioner of a diagnostic approach. I recognize and value that you have t technical expertise, communicative skill, along with a code of conduct. (And some service writers and shops have this ethos, many do not). Eventually, I hope that you address, in a general way, the difference between these two types of culture around auto maintenance and repair.
Again, it's a great video, a significant public service.
I am a Toyota fan. But, for good reasons I hate my dealer, where I have bought three new vehicles. Thank you for great info. You answered my throttle body questions. Great job! Thank you. I do need to know a reputable Toyota dealer in SW Va.
So grateful I found your channel. Awesome content.