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Matrix Reliability - Extended Warranty Necessary?

17 messages,  Last post on Sep 05, 2009 at 7:33 AM

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#1 of 17 Matrix Reliability - Extended Warranty Necessary? by kccalvin Mar 28, 2008 (9:42 pm)
Recently bought a Toyota Certified 2006 Matrix XR with 19K miles. What has been your experience with this vehicle's reliability. Certified vehicles offer a seemingly great ext war covering the car w/ essentially 'wraparound' coverage for 7 yrs/100K miles for about $1,500. Is it really necessary with these cars or better to do without? Replies to this message: dennyscars (Apr 08, 2008 8:47 am) gmore (Jul 17, 2008 12:25 pm) jliberi (Jul 05, 2008 10:52 am)
#3 of 17 extended warranty by mike280 Mar 31, 2008 (7:57 am)
Hi everyone, I just picked up by 07 Matrix XR on Fri with 10k on it and I wanted to know what everyone thought about getting a extended warranty. It will cost me $1000. What do you all think? Thanks all, Mike280 Replies to this message: kccalvin (Apr 08, 2008 3:19 pm)
#4 of 17 Re: Matrix Reliability - Extended Warranty Necessary? [kccalvin] by dennyscars Apr 08, 2008 (8:47 am)
Replying to: kccalvin (Mar 28, 2008 9:42 pm) These extended warranties are a great deal - for the dealer! That's why they push them at time of sale. Toyotas are dead reliable, anyone could get a lemon but not very likely withToyota. Only exception might be the stick shift Matrix, I'm reading about some problems there.   Denny San Diego Replies to this message: gmore (Jul 17, 2008 12:25 pm)
#5 of 17 Re: extended warranty [mike280] by kccalvin Apr 08, 2008 (3:19 pm)
Replying to: mike280 (Mar 31, 2008 7:57 am) Just purchased an '06 Matrix XR with 19K miles and the manual transmission. I originally sucumbed to dealer's doom and gloom pitch about the need to purchase the extended warranty - at their inflated price. Car drives great and the previous poster is right about solid rep for quality but still want to make sure you're covered. At best it saves you a bunch of money in the event of any costly repairs and gives you peace of mind while you own the vehicle - at worst you break even or are out a couple hundred dollars.... but you've got peace of mind either way. I did some looking on the Web and found a post that basically says Toyota warranties are honored at all Toyota dealerships nationwide and can be had for relatively low cost. A guy who's name kept coming up is Neil Hull at a dealership in KC who quoted me a $0 deductible warranty for the following:   7 yr/100K: $745 7 yr/75K: $520 6 yr/100K: $635   With the year and miles on your new car, I'd imagine you'd be a little cheaper. His name is Neil Hull and number is 800.228.8559. I called, he's legitimate. Good luck.
#6 of 17 you can bargain on these contracts... by fendertweed Apr 12, 2008 (5:33 pm)
as you note, you can get that $1500 service contract for quite a bit less if you shop around ... given Toyota's sliding quality rep over the past few yrs. at the reduced price it's a good deal, at "list" price it's a gamble but service contracts always are. One big item or 2 and you'll cover it.   Check with Troy at Toyota of Greenfield (Mass) for a good price, I have no affiliation w/ them etc but got one on our Tacoma from him.
#7 of 17 Extended Warranty by diva2008 Apr 13, 2008 (8:39 pm)
My ? - do you have to make a decision about the Extended Warranty when you go to pick up your auto. I purchased an '09 Matrix S AWD - I will be picking it up on Friday. The finance agent is trying to get me to purchase the Extended Warranty as well as the LoJack.   Any thoughts about the pitch? Replies to this message: dallasdude1 (Apr 20, 2008 1:45 pm) fendertweed (Feb 23, 2009 12:58 pm) kccalvin (Apr 20, 2008 5:43 pm)
#8 of 17 Re: Extended Warranty [diva2008] by dallasdude1 Apr 20, 2008 (1:45 pm)
Replying to: diva2008 (Apr 13, 2008 8:39 pm) Buyer beware, First of all your buying something thats not tangible. They are certainly getting hefty commissions to push these non tangibles. Sewell Cadillac here in Dallas will no longer honor the extended warranties other than GMAC. They cite no pay and or the risk of these companies going belly up. I now have to see if and when Warranty Direct will pay up, they haven't returned my calls. Now I see Sewells point. You just have to learn to say NO. Then too they make money selling you car note to some finance company. Go to lending tree dot com and see what your interest rate really is. I saves $40 times 60 payments just by walking out and getting a quote. They soon after matched that quote and I will have saved $2400.  If your insurance company will pay for the Lo Jack and only then is that worth it. Get what your paying for. Replies to this message: fendertweed (Feb 23, 2009 12:58 pm)
#9 of 17 Re: Extended Warranty [diva2008] by kccalvin Apr 20, 2008 (5:43 pm)
Replying to: diva2008 (Apr 13, 2008 8:39 pm) No, you don't need to purchase the warranty at the time of sale, though the sales and finance folks will high pressure you - obviously they want to increase the amount you spend at their dealership and the amount you finance if it's through them. It's all bogus - shop around like you did for your vehicle and get the best price on your warranty.
#10 of 17 Re: Matrix Reliability - Extended Warranty Necessary? [kccalvin] by jliberi Jul 05, 2008 (10:52 am)
Replying to: kccalvin (Mar 28, 2008 9:42 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

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