Toyota RAV4 Forums - View Single Post - Buying an Extended Warranty? READ THIS FIRST!!
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post #8 of (permalink) Old 01-30-2012, 12:39 PM
WJBertrand
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Why not invest the amount you would have paid for an extended warranty into an interest bearing account of some kind? That way the money still works for you and if you luck out and never need to repair the car with it, you can keep the money. Add to this account when you buy your next car and before long you may have enough for a down payment on a brand new car in the future.

Our family has owned 12 Toyota's, Scions, and one Lexus over the last 40 years or so, not one of them would have benefited from an extended warranty and all but our current '11 Rav4 and daughter's '10 FJ (both still too new) went well past those coverage limits at 125K with no major problems. Of all of them the only one that needed a major repair was a transmission failure on a '98 Sienna. That happened with less than 10K on the clock so was taken care of by Toyota. We still have that vehicle, currently with > 206,000 miles on it with no further mechanical problems. Besides the Rav, FJ Cruiser and the Sienna, we still have an '02 Lexus IS300 and a '97 Tercel.

Save your money.

WJBertrand
2011 Rav4
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