mafpolo Posted June 23, 2005 Share Posted June 23, 2005 My 2002 LS doesn't go out of warranty until Oct 2006. Should I buy the extended? Quote Link to comment Share on other sites More sharing options...
larryp Posted June 23, 2005 Share Posted June 23, 2005 I'm sure you'll get various opinions, but i'd say no. Typical ext warranty is $1500 - $2500 depending on what you get. Dealer profit is about 50%. Most only cover manufacturing defects so the opportunity to get your $1500 back on a Lexus is slim IMHO. You're buying an insurance policy with a big mark-up that i don't think you'll be able to collect on. But that's just me. :whistles: Quote Link to comment Share on other sites More sharing options...
nc211 Posted June 23, 2005 Share Posted June 23, 2005 I thought that's what we were for? An extended warranty with hook-ups on cheap prices! LOL It's a crap-shoot if you ask me. These cars are so dang reliable that the likelihood you'll need the warranty, or should I say, you'll have a warrantable issue, is slim. However, there has not been enough time to tell if the ls430 and those changes made to it from the traditional ls400 will be as good. I'm betting they are, if not better. I do know a friend with a 98 and has that 100k extended warranty which saved his butt on a ecm "engine computer" problem. So, it's really up to you. Quote Link to comment Share on other sites More sharing options...
Archibalds Posted June 24, 2005 Share Posted June 24, 2005 Buy the warranty! but wait until it is almost out of basic warranty first. You can buy a warranty up until that point without needing an inspection. And if the warranty company lets you buy one after your warranty expires and does not require an inspection, run from that company. Now the thing you need to do is find a good warranty company. Make sure they are indemnified in your state so they cant go bankrupt on you, make sure you have wear and tear coverage, that is a big deal. Make sure it is cancellable and transferrable and what the limit on repairs is. All warranties will have a max on repairs and that will go fast if you have a well equipped car and some issues arrise. Oh and if you do buy one, always save every service record and do them by the book. If you are still on the fence when the time comes up. Drive by the Lexus dealer and look at all the cars in service. They are not all there for oil changes, they break and when they do it is extremely expensive to fix them. hope this helps Danny Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.