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Extended Warranty

Discussion in '3rd Gen Tundras (2022+)' started by mdre, Apr 16, 2022.

  1. Apr 16, 2022 at 6:08 AM
    #1
    mdre

    mdre [OP] New Member

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    Apr 10, 2022
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    #77000
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    19
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    First Name:
    Matthew
    Livermore, CA
    Vehicle:
    2022 Tundra Limited Crew Max TRD OR 4x4
    With all the new gen issues arising, is anyone locking down the Toyota Factory Extended warranties? If so, what is everyone seeing as the going rates? These factory extended warranties seem to be some of the final negotiations that occur after locking up a new deal/price on the purchase.
     
  2. Apr 16, 2022 at 6:21 AM
    #2
    AustinTexas

    AustinTexas New Member

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    Dec 28, 2021
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    #72339
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    I got one
    7 year / 125 k miles
    Toyota platinum plan for $1375
    ( I can see prices going up monthly with inflation., also another reason I got the plan)
     
    IsaiahCanada and mdre [OP] like this.
  3. Apr 16, 2022 at 8:05 AM
    #3
    Tidechaser

    Tidechaser New Member

    Joined:
    Jul 28, 2021
    Member:
    #66091
    Messages:
    64
    Gender:
    Male
    First Name:
    Paul
    GLOUCESTER Va & Virginia Beach
    Vehicle:
    2022 Tundra TRD Off Road (Lunar)
    I wanted one, but best my dealer would offer was 2800. I will call some other dealers.
     
  4. Apr 16, 2022 at 8:13 AM
    #4
    TBS

    TBS New Member

    Joined:
    Oct 29, 2017
    Member:
    #10593
    Messages:
    179
    Vehicle:
    2021 SR5 CrewMax 4x4 Barcelona Red
    E50 extinguisher, Valhalla Plates, ESP Storage, Chrome Delete, Pwr Tailgate Lock,
    PM sent
     
  5. Apr 16, 2022 at 8:14 AM
    #5
    TBS

    TBS New Member

    Joined:
    Oct 29, 2017
    Member:
    #10593
    Messages:
    179
    Vehicle:
    2021 SR5 CrewMax 4x4 Barcelona Red
    E50 extinguisher, Valhalla Plates, ESP Storage, Chrome Delete, Pwr Tailgate Lock,
    PM sent
     
  6. Apr 16, 2022 at 2:08 PM
    #6
    WTFKansas

    WTFKansas New Member

    Joined:
    Feb 23, 2022
    Member:
    #75001
    Messages:
    30
    Gender:
    Male
    Shawnee, KS
    Vehicle:
    Limited 4WD CC in Supersonic Red
    I purchased the Toyota Extra Care Platinum, with Zero deductible, eight years, 100,000 miles for $1,255. Since Jerry (a salesman at a Toyota dealership) and I are both in Kansas, I had to pay $107 in Kansas sales tax.

    The dealer I purchased my truck from could not touch Jerry's price.

    For your information, had I gone to 10 years and 125,000 miles, the price jumped to $2,070 before tax. The ten-year 100K seemed like the sweet spot for price and coverage.
     
  7. Apr 16, 2022 at 2:17 PM
    #7
    TBS

    TBS New Member

    Joined:
    Oct 29, 2017
    Member:
    #10593
    Messages:
    179
    Vehicle:
    2021 SR5 CrewMax 4x4 Barcelona Red
    E50 extinguisher, Valhalla Plates, ESP Storage, Chrome Delete, Pwr Tailgate Lock,
    Glad you got a good deal.
    Did you get the whole list of options?
    Could you share via PM?

    Just want to see how much it has gone up when I purchased mine.

    Thanks
     
  8. Apr 16, 2022 at 6:02 PM
    #8
    theripper

    theripper New Member

    Joined:
    Feb 7, 2022
    Member:
    #74243
    Messages:
    61
    Gender:
    Male
    Oregon
    Vehicle:
    2022 MGM Tundra Platinum
    10 year/100k $0 Deductible - Platinum Toyota Warranty for $1550. No-brainer… :thumbsup:
     
    WTFKansas and mdre [OP] like this.
  9. Apr 16, 2022 at 7:10 PM
    #9
    bcj001

    bcj001 New Member

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    Apr 13, 2022
    Member:
    #77145
    Messages:
    14
    Gender:
    Male
    First Name:
    Brad
    Oregon
    Vehicle:
    22' Tundra Limited
    dam... I got bent over.... $4k for the 7yr / 100k mile plat pkg
     
  10. Apr 16, 2022 at 7:19 PM
    #10
    theripper

    theripper New Member

    Joined:
    Feb 7, 2022
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    #74243
    Messages:
    61
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    Male
    Oregon
    Vehicle:
    2022 MGM Tundra Platinum
    You can cancel it within the first 30 days and receive a full refund minus a $50 processing fee, after that you can cancel it and receive a pro-rated amount back based on time/warranty claims (which would still be almost 100% of the initial cost). Just call your finance guy, they may give you the run around because they’ll get a chargeback on their commission but don’t let them bs you, they have to cancel it if you ask them. It’s super easy and only takes them a minute. If you financed the warranty the refund will be applied to your principal balance.
     
  11. Apr 16, 2022 at 7:23 PM
    #11
    Romad224

    Romad224 New Member

    Joined:
    Apr 14, 2022
    Member:
    #77191
    Messages:
    15
    Gender:
    Male
    Vehicle:
    2022 platinum blueprint
    2nd On a waitlist for a platinum. Would like to get an extended warranty. Do you have to get it on the spot when you purchase your tundra? Are there places you can shop around for lower warranties?
     
    theripper likes this.
  12. Apr 16, 2022 at 7:28 PM
    #12
    theripper

    theripper New Member

    Joined:
    Feb 7, 2022
    Member:
    #74243
    Messages:
    61
    Gender:
    Male
    Oregon
    Vehicle:
    2022 MGM Tundra Platinum
    A lot of finance managers will try to make it seem like you have to do it on the spot but that’s not the case. You have a lot of time to purchase it. If you want to finance the warranty then, yes, you have to get it when you finance the vehicle. If you’re paying cash for the warranty you have tons of time, for Toyota I believe it’s within the first 3 years or 36k miles (someone correct me if I’m wrong).

    Do some google searching and you’ll find some very reputable finance sources online that sell these warranties at cost. I cannot post the information here but if you can’t find it, PM me and I’ll point you in the right direction.
     
  13. Apr 16, 2022 at 7:31 PM
    #13
    Henry2019

    Henry2019 N/A

    Joined:
    Sep 18, 2019
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    #36303
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    421
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    First Name:
    Henry
    Houston, Texas
    Vehicle:
    2019 SR5 CM CEMENT GREY
    3/1 Leveling Lift Kit 20X9 Fuel Assaults +1 295/60/R20 Falken Wildpeak A/T3W
    make sure you throughly read the fine prints or it’ll bite you in the ass
     
  14. Apr 16, 2022 at 9:52 PM
    #14
    TBS

    TBS New Member

    Joined:
    Oct 29, 2017
    Member:
    #10593
    Messages:
    179
    Vehicle:
    2021 SR5 CrewMax 4x4 Barcelona Red
    E50 extinguisher, Valhalla Plates, ESP Storage, Chrome Delete, Pwr Tailgate Lock,
    PM sent with two POCs.
     
  15. Apr 17, 2022 at 5:16 AM
    #15
    WTFKansas

    WTFKansas New Member

    Joined:
    Feb 23, 2022
    Member:
    #75001
    Messages:
    30
    Gender:
    Male
    Shawnee, KS
    Vehicle:
    Limited 4WD CC in Supersonic Red
    As you can see, service contracts are a high-profit area for the dealers. @AZTundra gave me the contact information for the dealer where I ultimately bought my Service contract. I am also happy to PM anyone if they are shopping for a service contract.

    I even offered my selling dealer a chance to meet the price I received. He took the quote to his manager and said that it was lower than their cost.

    The finance person I worked with said that it was 'illegal' and Toyota has cracked down on this type of selling. In the next breath, he advised me to buy the warranty at that price from the person who provided the quote. No need to ask me twice!
     
    TundraPatriot and mdre [OP] like this.
  16. Apr 17, 2022 at 6:54 AM
    #16
    mdre

    mdre [OP] New Member

    Joined:
    Apr 10, 2022
    Member:
    #77000
    Messages:
    19
    Gender:
    Male
    First Name:
    Matthew
    Livermore, CA
    Vehicle:
    2022 Tundra Limited Crew Max TRD OR 4x4

    I always considered purchasing at the time of vehicle purchase, I guess assuming it was the best time and you’d get the best leverage with that transaction. I didn’t really know some dealerships where in the business of selling warranties, great to know!
     
  17. Apr 17, 2022 at 6:15 PM
    #17
    sparky412

    sparky412 New Member

    Joined:
    Jan 20, 2022
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    #73430
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    293
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    SW Pennsylvania
    Vehicle:
    22 SR5 OR CM 6.5 MGM
    My dealership provides a free lifetime powertrain warranty for the original owner
     
    Tidechaser likes this.
  18. Apr 17, 2022 at 6:29 PM
    #18
    Tidechaser

    Tidechaser New Member

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    #66091
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    64
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    Paul
    GLOUCESTER Va & Virginia Beach
    Vehicle:
    2022 Tundra TRD Off Road (Lunar)
    That's awesome! My fear and desire for the extended warranty is the way unproven (but loved) electronics on the truck!
     
    theripper likes this.
  19. Apr 30, 2022 at 5:29 PM
    #19
    tunfundra

    tunfundra Redheads have more fun

    Joined:
    Apr 30, 2022
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    #77798
    Messages:
    41
    Gender:
    Male
    Vehicle:
    2022 Limited DC TRD OR SS-Red
    Hi there,
    Just thought I'd share my experience on extended warranty. Summary is: SHOP AROUND!
    I was waitlisted 5 months with little hope of my desired Tundra on the horizon when I happened to stop by the dealership to schmooze and there was a red Limited sitting on the showroom floor. Apparently a couple hours earlier, the guy that had been waiting 5 months for this truck turned it down. When I got back from test driving it there were three other buyers waiting checkbook in hand! Red was not on my preferred list, but my wife liked it so I said let's do it!
    Anywhoo, we doing the deal and of course the finance guy is doing his thing on ext warranty - which I have never bought on any previous vehicle. But this is a first model year and with all the electronics, turbos, etc.... seemed like a decent bet. The guy offered 10/100 or 7/125 for the same price... $3,600. But when I balked he quickly dropped $1K "in light of my loyalty." right. I asked him point blank whether I could buy this warranty later and he said NO - (turns out he lied to our face.) But I did not know that at the time and in the heat of the moment I signed the deal.
    After I got home I did some checking and found that you can buy this warranty at any time up to 3yr/36K from any dealer in your state! I called another dealer and confirmed this was true, and while I was at it got a quote from them and it was $2,195 for the same contract...$400 less. And they were willing to sell it over the phone!
    Needless to say I emailed my dealership and told them to cancel the contract. The guy did at I asked and sent me an attached receipt that showed my refund of 2,600 as the total refund... but it also listed a "dealer refund" of $1,175.
    My interpretation is that the dealer bought this ext warranty from Toyota for $1,175 and was pocketing the entire difference. I support businesses making some profit, BUT...wow.
    Anyway, I think this explains the wide range of pricing of these warranties. Please do your homework before purchasing!
    For now I have decided not to buy any ext warranty and will see how this goes the first couple of years. Right now I am thinking I may only keep the truck a short while as I really regret not getting the crewmax.... and I'm not sure I can get used to this red!! ;)
    Cheers
     
    bcj001 likes this.
  20. Apr 30, 2022 at 6:59 PM
    #20
    TBS

    TBS New Member

    Joined:
    Oct 29, 2017
    Member:
    #10593
    Messages:
    179
    Vehicle:
    2021 SR5 CrewMax 4x4 Barcelona Red
    E50 extinguisher, Valhalla Plates, ESP Storage, Chrome Delete, Pwr Tailgate Lock,

    Hope you enjoy your new Red Tundra. PM sent.
     
  21. Apr 30, 2022 at 11:31 PM
    #21
    TundraPatriot

    TundraPatriot New Member

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    Apr 27, 2022
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    #77673
    Messages:
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    First Name:
    Glenn
    The Great State of Texas
    Vehicle:
    2022 Black Tundra Platinum 4X4 i-Force Max Hybrid
    Would you please PM me with information? I appreciate it.
     
  22. Apr 30, 2022 at 11:48 PM
    #22
    AZtoydra

    AZtoydra New Member

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    Apr 30, 2022
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    #77810
    Messages:
    3
    Gender:
    Male
    First Name:
    Ryan
    Vehicle:
    2019 Tundra SR5 4X4
    6” readylift on 37 nitto grapplers with method racing rims, ARB dual air compressor, ARE topper with water supply tube, carpeted bed, rear seat storage compartment, all weather mats, get rigged co. dash mount
    Ok I totally got screwed then on my extended warranty, I financed it with the loan and paid upwards of 5k for 0 deductible, full coverage, 5yr plan. I thought at the time it was worth it, but after reading the prices you all have paid I feel like a fool. I know I can cancel and get reimbursed, but damn.
     
  23. May 1, 2022 at 12:00 AM
    #23
    aguninc

    aguninc New Member

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    WNY
    Vehicle:
    2012 Tundra
    Cancel it you can get a 10 year 100k 0 deductible for a third of that.
     
  24. May 1, 2022 at 12:29 AM
    #24
    AZtoydra

    AZtoydra New Member

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    #77810
    Messages:
    3
    Gender:
    Male
    First Name:
    Ryan
    Vehicle:
    2019 Tundra SR5 4X4
    6” readylift on 37 nitto grapplers with method racing rims, ARB dual air compressor, ARE topper with water supply tube, carpeted bed, rear seat storage compartment, all weather mats, get rigged co. dash mount
    Can you tell me a reputable company to go with?
     
  25. May 1, 2022 at 12:38 AM
    #25
    aguninc

    aguninc New Member

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    WNY
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    2012 Tundra
    PM sent
     
  26. May 1, 2022 at 5:53 AM
    #26
    roboots21

    roboots21 New Member

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    Jan 30, 2022
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    #73899
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    119
    Gender:
    Male
    First Name:
    Brian
    Vehicle:
    2022 MGM Tundra Limited DC
    Could I get these POCs you speak of please. PM me when you have some extra time! Thanks in advance.
     
  27. May 1, 2022 at 6:00 AM
    #27
    TBS

    TBS New Member

    Joined:
    Oct 29, 2017
    Member:
    #10593
    Messages:
    179
    Vehicle:
    2021 SR5 CrewMax 4x4 Barcelona Red
    E50 extinguisher, Valhalla Plates, ESP Storage, Chrome Delete, Pwr Tailgate Lock,
    PM sent.

    Good luck with your purchase.
     
    hairychestedfrog likes this.
  28. May 1, 2022 at 6:36 AM
    #28
    TundraTRDman

    TundraTRDman New Member

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    Mar 13, 2022
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    Male
    2022 Tundra Limited TRD off road Double Cab
    Toyota allows the purchase of the Platinum warranty up until the basic 36K mile warranty expires. What are the advantages/disadvantages of waiting until you are near the end of the basic warranty to purchase the platinum warranty?
     
  29. May 1, 2022 at 7:31 AM
    #29
    TBS

    TBS New Member

    Joined:
    Oct 29, 2017
    Member:
    #10593
    Messages:
    179
    Vehicle:
    2021 SR5 CrewMax 4x4 Barcelona Red
    E50 extinguisher, Valhalla Plates, ESP Storage, Chrome Delete, Pwr Tailgate Lock,
    In this day in age INFLATION is a reason to buy early. Prices generally never go down.
     
  30. May 1, 2022 at 7:41 AM
    #30
    texasrho83

    texasrho83 Teacher in a Tundra

    Joined:
    Mar 30, 2017
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    #7025
    Messages:
    3,152
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    First Name:
    Charles
    Conroe TX
    Vehicle:
    2016 DC MGM 4x4
    See build link
    This is probably the main reason ppl buy it right then and there
     

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