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Matrix Reliability - Extended Warranty Necessary?

19 messages,  Last post on Apr 10, 2010 at 9:44 AM

You are in the Toyota Matrix Forum.

What is this discussion about? Toyota Matrix, Car Warranties, Wagon

Messages Page 2 of 2

#10 of 19 Re: Matrix Reliability - Extended Warranty Necessary? [kccalvin] by jliberi

Jul 05, 2008 (11:52 am)

Replying to: kccalvin (Mar 28, 2008 10:42 pm)
hello,
I am currently thinking of buying a 2009 XRS , 5 speed auto but based on the info on another forum here at Edmunds I am not sure what to do. the forum is dealing with a faulty trans. So, if your car is one of the unlucky ones with this trans - I think you may want to consider the warranty
 
http://townhall-talk.edmunds.com/direct/view/.f0d9b0e

#11 of 19 Re: Matrix Reliability - Extended Warranty Necessary? [dennyscars] by gmore

Jul 17, 2008 (1:25 pm)

Replying to: dennyscars (Apr 08, 2008 9:47 am)
My Matrix, like everyone who has had one for a few years is a lemon. The tranmissions suck. Please read:
 
http://townhall-talk.edmunds.com/direct/view/.f0d9b0e
 
Dont get the extended and dont get the matrix. Both are a joke. Sell your car and go to honda now, before everyone else realizes that the car is a lemon. Dont want to be stuck with a car equal to that of a Dodge Carvan.

#12 of 19 by jwilmsen

Dec 10, 2008 (6:16 am)

My 2006 Matrix XR (21,000 on the od) was purchased new and is a total LEMON. We have been dealing with this idle / surging issue. It has been in the shop four times now and the issue is still not resolved.

#13 of 19 Check with your car insurance company by texasgirl2

Dec 10, 2008 (10:50 am)

When I bought my 09 Matrix S, the dealership (of course) tried to sell me on an extended warranty. I declined because I found out that Geico (my insurance) offers an extended warranty! You don't have to buy it at the time you buy your car, it's less expensive than the dealership, and they offer different coverage levels. It may be worth it to check with your car insurance company before actually purchasing the extended warranty through a dealership or some other random 3rd party. Besides, if you wait to buy it until Toyota's manufacturer's warranty is close to being up, you might have a better idea of the type of coverage you will need, should you decide to get an extended warranty.

#14 of 19 Reliability/Extended Warranty by unclesalami

Jan 02, 2009 (9:37 am)

In a word-fugetaboutit! I have 84,000 miles on my car over the last 3 1/2 years. If you don't buy it new as I did, buying a certified one will definitely give you peace of mind. Change the oil at the recommended 5K, and change the trans fluid every year. Put the $1000-$1500 in your saving!

#15 of 19 by hulkedup

Jan 11, 2009 (7:26 pm)

According to the forum that was cited, the transmission problems with the Matrix seem to be confined to the 2003-4 models with the 5 sp. manual and 1.8 liter engine. With any other year/transmission you will probably be okay without the extended warranty.

#16 of 19 Re: Extended Warranty [dallasdude1] by fendertweed

Feb 23, 2009 (1:58 pm)

Replying to: dallasdude1 (Apr 20, 2008 2:45 pm)
I have had very bad experience w WarrantyDirect/Interstate National (their alter ego) ... failed to pay anywhere near full value on a blown engine in another make of car, and they regularly lowball now and want to provide parts of questionable quality or an allowance for price of same if you want OEM parts. So you recover only a % of your actual costs of repair. Avoid them.
 
We have a Toyota xt svc contract on our '05 Matrix, bought CPOd. So far (16 months, it's paid for a new belt tensioner & belt, about 25% of the cost of the contract). It was very easy dealing with that compared to WarrantyDirect/INDS and their nickel&diming runarounds.
 
In general I no longer think these are worth it esp. from 3d parties (not the vehicle mfr.).

#17 of 19 Powertrain warranty by biker4

Sep 05, 2009 (8:33 am)

Has anyone had an issue with the 60K/60mo powertrain warranty? Not the basic 36/36 one. I'm looking to buy an 07 Matrix and the previous owner had a coil/spark plug replaced at 39K and Toyota wouldn't cover it. What is excluded from the powertrain warranty?

#18 of 19 Trade it in if it's the MANUAL by 65corvair1

Apr 10, 2010 (9:34 am)

If you have the 5 speed manual transmission it will fail at great cost. $3000 or more. Just get rid if the car. See the Edmunds section on that problem. Mine failed. Not happy with Toyota. It will be the last Toyota I own. My '95 Neon was a better car. Sure spent less on repairs.
 
NEVER buy the extended warranty. The sales person makes a bigger commission on the warranty than the car, same with the dealer. They have lots of loop holes in them. Also they seem to go out of business in a few years. This is a very sleazy area of the retail auto business.

#19 of 19 Re: Powertrain warranty [biker4] by 65corvair1

Apr 10, 2010 (9:44 am)

Replying to: biker4 (Sep 05, 2009 8:33 am)
The drive powertrain warranty will not cover electical parts, or gaskets. Things like the crank shaft or the engine block. The heavy metal parts that are touched by oil. They will not cover wear, normal or other wise. It's almost worthless. That's why Chrysler had a lifetime one a while back. My wifes van has it. Actually my wife's van ('09 Caravan) has been perfect for over a year. My Matrix cost me $3000 for a transmission, and has more squeaks and rattles than my 65 Corvair convertible.

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