Will you buy extended waranty under my case ??

hirokendo

Hi to all

I am driving a Matrix 09 (18800km now) and understand that the manufacturer warranty is good till 60,000 kn. Not too sure whether it is worthy to pay CAD $ 2841.30 (including tax) to get extend warranty for another 7 years or up to 160,000km (coverage to Year 2016). This extended warranty is not from the original dealership. It is from Auto Experts. $ CAD 50.00 deductible for each repair (no matter what is the total amount, like 3000 bucks). Will you willing to shell out the extra money for this bumper to bumper protection.

Please advise.

fibbi

I guess you don't have to decide now. Wait until get closer to the expiry date of the original warranty. Then you have better idea if you will keep this car or not.

elan7e

如果是我，我就唔買，經驗之談ｏ到時要維修，就話這樣唔包，那樣唔包ｏ

Lik

$2841 for extended warranty on your Toyota?! You've gotta be out of your mind to even consider it! Even though Toyota quality has gone downhill big time (unintended acceleration and everything), they are still sufficiently reliable to not warrant any sort of warranty.

I bought extended warranty on my late Volkswagen when I first had the car (brand new from dealership), and the same "7-year" extended warranty only cost me around $1800 at the time. As reliable as my old Volkswagen was, there is no way it can be more reliable than your Matrix, and I just broken even on my extended warranty. When you factor interest and stuff into consideration, I actually lost money on it for my German car.

Also, keep in mind that your manufacturer already has 2 or 3 years of warranty, so that "7 year" warranty is really just an extra 4 or 5 years. When you spread the costs out, there is no way your 09 Toyota will require $600's worth of unscheduled maintenance / repairs per year.

Keep the $2.8k and just put it in some high interest savings account. When your car breaks down unexpectedly, take money out from that account to pay for the repairs. I guarantee you that by 2016, you'll still have $$ left over in that account.

-Lik

fibbi

Japanese is in general more reliable. Unless you to track or auto-cross a lot, then maybe I'll consider that (if I were in your case). $2.8K seems pretty expensive too, is that the price for high mileage?

Catpiano

Japanese is in general more reliable. ...
fibbi 發表於 2010-1-6 17:54

YOU MORON! Japan is copy cat!! ..  CHINA Car is most Reliable!!

sheep

YOU MORON! Japan is copy cat!! ..  CHINA Car is most Reliable!!
Catpiano 發表於 2010-1-6 18:12

Yes you are right, China design Buick

pkphilip

Not worth it for a Toyota Matrix.

Philip

myversa

Yes you are right, China design Buick
sheep 發表於 2010-1-6 22:30

wait till he posts series of China autos....

Catpiano

Buy la buy la...