Extended warranty worth it on Camry Hybrid
Active Enthusiast
Joined: Feb 2008
Posts: 95
From: Pennsylvania
Re: Extended warranty worth it on Camry Hybrid
I normally don't buy extended warranties. I got it on the TCH since mine is a 2007, first model year. I am glad I did. I had the rear reading lights go out (I have a sunroof) and it cost toyota $8900 to fix. This included two tries at a wiring harness, and four of the five computers that have to talk to each other to "start" the car. It also included 35 days worth of rental car fee. This was all covered under the normal warranty, but my point is these cars are expensive to repair.
YMMV. I hope it does!
I don't have a car payment. I am alergic. ;-)
YMMV. I hope it does!
I don't have a car payment. I am alergic. ;-)
HOLY CRAP! All that just for the rear reading lights! WOW
Ridiculously Active Enthusiast
Joined: Jan 2007
Posts: 1,389
From: Mid Hudson Valley, New York
Re: Extended warranty worth it on Camry Hybrid
My loan is $364.32 per month (6.59% APR, 48 months). I pay $512 -- thus paying it off sooner. The key is to put down a good chunk of change after saving. I also pay a ton in rent and student loans 
....I saved for three years.
....I saved for three years.
Active Enthusiast
Joined: Feb 2007
Posts: 173
From: Fair Oaks, CA
Re: Extended warranty worth it on Camry Hybrid
Yep. And the kicker is, I had a really bad feeling about it going in, and I am usually a _very_ optimistic person. But my kid loves to read, and that is a good thing.
Enthusiast
Joined: Mar 2008
Posts: 10
Re: Extended warranty worth it on Camry Hybrid
I decided against the extended warranty as Toyota's are usually pretty reliable cars. Since my last two cars were a Toyota and a Lexus and I had almost no problems with them, it was a pretty easy decision for me.
Driving in stealth mode
Joined: Aug 2007
Posts: 430
From: Far South Chicago Burbs
Re: Extended warranty worth it on Camry Hybrid
I am actually considering getting the 5\75000 warranty as I put on over 20k a year. The 3yr\36k will easily be up before 3 yrs. I got a quote for about $540 This will give me coverage to about 4.2 yrs of the vehicle life.
Ridiculously Active Enthusiast
Joined: Nov 2007
Posts: 2,051
From: New Jersey
Re: Extended warranty worth it on Camry Hybrid
FWIW, I know each car is different, but I was looking at my records for my other Toyota (96 Avalon hit 180,000 today).
Within the first 7 years and 85,000 miles, I spent approximately $700 total on items that a warranty might cover (starter and struts).
YMMV, but I don't think I would have gotten my money's worth on that car's warranty had I purchased it.
Within the first 7 years and 85,000 miles, I spent approximately $700 total on items that a warranty might cover (starter and struts).
YMMV, but I don't think I would have gotten my money's worth on that car's warranty had I purchased it.
Active Enthusiast
Joined: Jul 2007
Posts: 244
From: Oregon
Re: Extended warranty worth it on Camry Hybrid
This, of course, must be true for most purchasers as they wouldn't sell the warranties if they were to lose money on them!
Thread Starter
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Active Enthusiast
Joined: Mar 2008
Posts: 128
Re: Extended warranty worth it on Camry Hybrid
Yes, they would not sell them if they made no money off them, but it's like any other insurance - people do not always use it even if they pay for it.
It's piece of mind. After saving several thousand on repairs, I will always get one, as the cost of repairs just keeps going up.
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