- #1610 of 1971
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Re: Extended warranties [syinsd1]
by bob104
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Jun 11, 2008 (2:20 pm)
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Replying to: syinsd1 (Jun 11, 2008 8:43 am)
I paid $1100 for exactly that in Oct.. Platinum, bumpertobumper except for wear items like tires, battery, windshield, oil change, 6 years/100k miles. Be careful during the negotiation to avoid giving the salesman a clear idea about how much you drive. For example, if you drive 20,000 mile a year the salesman will try to sell you a "7 year" warranty, that will run out in four years because it was a 7yr/75k mile warranty. The warranty I got is pretty well balanced--I should reach the mileage at about the 6 year point. Ask for various prices, saying you don't know if you'll be moving much closer/farther to work.
Tip: Get a quote for the warranty but decline it saying you'd do it for, say, $1100. Finish the contract on the car. At settlement time they'll offer you the deal again, probably at or near your price. That's what happened to me. Saved over $1,000 from the initial quote.
I am delighted with my warranty and feel certain it will more than pay for itself when I go to sell the car before the warranty is up as mine is transferable one time.
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- #1611 of 1971
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Re: Extended warranties [bob104]
by syinsd1
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Jun 11, 2008 (3:50 pm)
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Replying to: bob104 (Jun 11, 2008 2:20 pm)
Thank you very much for your insight and suggestions!
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- #1612 of 1971
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Re: Off-topic, Re: too much? [bob104]
by chuck68516
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Jun 11, 2008 (4:14 pm)
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Replying to: bob104 (Jun 11, 2008 5:26 am)
QUOTE: "But 5 years from now the price of gasoline is likely to be way over $7/gal. Why would gasoline not be, say, $20/gallon?"
Some of you guys are way too pessimistic. Gas will not be over $10 per gallon in our lifetime. There's no way. It's a media fear tactic. It's just a fairytale just like Y2K, imminent nuclear war, acid rain, the ozone layer, etc. If you look back at history you will see all the "for sure" disasters that were supposed to have happened.
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- #1613 of 1971
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Re: Off-topic, Re: too much? [chuck68516]
by jaxs1
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Jun 11, 2008 (5:54 pm)
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Replying to: chuck68516 (Jun 11, 2008 4:14 pm)
Gas will probably not be $10 a gallon in the next 5 years, but there is no reason not to expect those prices or higher in 20 or 30 years.
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- #1614 of 1971
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Re: Cost to Own Prius [bob104]
by jaxs1
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Jun 11, 2008 (6:06 pm)
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Replying to: bob104 (Jun 10, 2008 6:50 am)
You just made up that $300 a year battery expenditure. The battery warranty is 10 years 150,000 miles in California and will likely last quite a bit past that or they will have many claims from marginal batteries that fail a year or 2 earlier.
I have never kept a car for 10 years 150K miles and wouldn't start if I were to buy a hybrid. Many conventional cars will start having major problems before 150K miles and you didn't suggest budgeting for new engines and transmissions.
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- #1615 of 1971
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Re: Off-topic, Re: too much? [chuck68516]
by bob104
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Jun 11, 2008 (6:11 pm)
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Replying to: chuck68516 (Jun 11, 2008 4:14 pm)
Maybe you're right. I saw today, but can't find it on the internet, that Toyota will have a PHEV Prius for 2010. That means that gasoline will have to compete with electricity to fuel your car. Currently, it costs 15-20 cents/mile for the battery/electricity to run a Prius, and that may come down a little as batteries slowly improve and we go to inexpensive nighttime electricity metering. So that's a tradeoff point of $6.60-8.80/gallon of gasoline (15-20 X 44mpg). People will be able to turn to electricity as a substitute good instead of gasoline and that should strongly moderate the price of gasoline for some decades.
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- #1616 of 1971
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Re: Cost to Own Prius [jaxs1]
by bob104
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Jun 11, 2008 (6:24 pm)
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Replying to: jaxs1 (Jun 11, 2008 6:06 pm)
The last I read it's $3500 to replace a battery and they are warranteed 10 years. Giving the batteries the benefit of the doubt I impute a $300 maintenance/repair item, just like one would for a roof repair set aside on a rental building. This is a special item, unlike a/c, brakes or transmission, which are commonly considered maint/repair items.
Since few Prius' have reached the limit of the warranty people are generally ignoring this cost. This may change as older Priuses are resold. A rule of thumb when buying an electric bike, for example, is that the battery is nearly dead and you'll have to buy a new one very soon.
But, yeah, if I had a car with over 100k on it I'd make sure I had $2,000 in the bank to cover a major repair item. And if I bought a Prius near the end of battery warranty I'd have an additional $3500 set aside for the battery.
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- #1617 of 1971
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Re: Off-topic, Re: too much? [bob104]
by indianajohns
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Jun 11, 2008 (7:54 pm)
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Replying to: bob104 (Jun 11, 2008 6:11 pm)
Amen. Someone finally gets it. All these Prius Huggers think the value of their $27,000 yesterday's technology is going to somehow increase as time goes on. It's simply not the case. Toyota is abandoning the current Prius system in favor of electricity and so is every other hybrid car maker. Yes, the majority of cars produced in 2013 will still be gasoline powered vehicles but they will all be Prius competitors and will overtake it as a more economical solution. Unlike today, Prius will not be the only green alternative. Expect Toyota to start gradually decreasing the sticker price on any gas/electric hybrid it produces, Prius or otherwise. In 5 years gas/electric hybrids will be yesterday's news and you won't see people paying $27k for a car worth at best $15,000 brand new regardless of what technology it uses to get 45MPG's.
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- #1618 of 1971
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Re: Extended warranties [syinsd1]
by 3c3
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Jun 11, 2008 (8:02 pm)
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Replying to: syinsd1 (Jun 11, 2008 10:42 am)
What's wrong with warrantyshack.com? It's supposed to be the same extended warranty from Toyota.
When I bought my Prius, the dealer sold me the 7-year/75K-mile plan for $975, and I cancelled it a few days later. I got confused with all the different warranty options and thought I was buying the 100K-mile plan. BTW, the extended warranty can be purchased anytime before the 3-year factory warranty expires. I probably won't buy it.
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- #1619 of 1971
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Re: Extended warranties [3c3]
by jaxs1
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Jun 11, 2008 (9:33 pm)
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Replying to: 3c3 (Jun 11, 2008 8:02 pm)
Hasn't the Prius repair history made it about the most reliable new vehicle you can buy plus the the battery is what most people are worried about and that's covered longer by the factory warranty than the longest available extended warranty anyway?
It makes even less sense to get the extended warranty on a Prius than the average car (where it still is usually not recommended).
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