Has anyone purchased Toyota Care Plus with their 2022 RAV4? It extends Toyota Care for an extra 2 years or 45,000 miles. You are essentially pre-paying maintenance. What was the cost?
Bingo. Nailed it! Someone knows a thing or 2 about personal finances.Pre-paid maintenance plans are just one more high mark-up add-on that dealers will try to sell you when you buy a car.
If you look at the maintenance schedule and figure out the cost of all of the items included in that schedule, the cost of having those items done at the dealer's service department is likely to be about half of what the pre-paid maintenance plan will cost. If the dealer can sell you a few add-ons, such as an extended warranty, a pre-paid maintenance plan, a wheel a tire protection plan, etc., that dealer can turn your deal into one of its biggest profit makers, even if the dealer sold you the car for minimal profit.
Plus, why would you want to pre-pay for things that you won't be using for 2 1/2 years? Just put the cost of the pre-paid plan into a savings account and withdraw from the account whenever you need maintenance done 2+ years down the road.