Re: Camry Hybrid Woes
The warranty is Toyota Platinum. It is literally a zero deductible extension of the bumper to bumper with a few (mostly worthless) perks and a few exceptions. I would be willing to bet I'll never use the hotel reimbursement, for example. If I'm that far away from home, I'm on vacation and would already have a hotel room, right? Silly. One really good perk: it's transferable (although significantly diminished.)
The most notable exception to the warranty is that it doesn't cover the batteries at all (they have their own.)
I suspect dealers get different prices from Toyota depending on their allotment of cars, service classification, and what state you are in. That, in combination with years of service and total number of miles you pick equates to dozens of different prices. What's important here is that it is through Toyota with no deductible, not a third party like GE Services which is usually a very poor deal.
Here's an incentive NOT to buy the extended warranty: if Toyota is selling 100,000 mile / 6 year coverage around $1400(+/-), they are banking on providing less service on each new car than that over that 6 year period. This is a money making proposition for Toyota. They're not going to offer it if it's going to cost more to service. If the warranty was $5000, I'd be backing out of the car all together because it'd be telling me Toyota's banking on some pretty heavy use of the warranty.
Thanks.
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