Warranty Renewal... Worth It?

[Robertb]

My used car wty expires at the end of Feb, and just had the renewal quote through- £680 payable by 10 monthly installments at no extra cost.

Doesn't seem unreasonable esp as it includes RAC membership, especially compared to BMW etc.

Is it worth taking out? I guess you don't know til you've had to make a claim! Peace of mind I suppose...

I'd be grateful for folks' views.

[Boothby Coggles]

My used car wty expires at the end of Feb, and just had the renewal quote through- £680 payable by 10 monthly installments at no extra cost.

Doesn't seem unreasonable esp as it includes RAC membership, especially compared to BMW etc.

Is it worth taking out? I guess you don't know til you've had to make a claim! Peace of mind I suppose...

I'd be grateful for folks' views.

I will be in the same situation towards the end of March. I'm thinking about getting a quote from Warranty Direct which could well be cheaper. Question is, does the £680 Lexus warranty cover everything that the original 3 year one covers?

Warranty Direct and others like them will probably be cheaper, but could exclude some of the things that Lexus cover.

Maybe it's worth getting other quotes and haggling with Lexus over the cost. After all, in this economic paradise that Gordon Blown, (no, that's no a typo), has created for us everything is worth bargaining over .

[dave1]

Lexus extended warranty gives same cover as new but with unlimited mileage! My local dealer is owned by Listers who operate their own scheme. Having obtained a policy booklet from them to read very carefully at home, it seems to be equal to the Lexus policy. Lexus want £1600+ for extra 2 years on a GS whilst Listers want £900 + for what appears to be very similar cover, including the full RAC with Euro cover. I will be giving this serious consideration when my warranty expires in May.

[Caspian Beast]

Lexus extended warranty gives same cover as new but with unlimited mileage! My local dealer is owned by Listers who operate their own scheme. Having obtained a policy booklet from them to read very carefully at home, it seems to be equal to the Lexus policy. Lexus want £1600+ for extra 2 years on a GS whilst Listers want £900 + for what appears to be very similar cover, including the full RAC with Euro cover. I will be giving this serious consideration when my warranty expires in May.

Is the £680 for 1,2 or 3 year, Thanks. Still got a bit to go on my Lexus cover but after reading some of the posts relating to problems encountered by 220/250 owners it may well be worth taking?????????? :duh: Been lucky so far myself just the 5th injector recall at first service, no other probs...touch wood!!!

[dave1]

Lexus actually quote 1 yr on IS range as £665.

LINK

[Robertb]

Lexus actually quote 1 yr on IS range as £665.

LINK

Odd... so it is. Wonder why the thing they sent me has gone up by £15. Looking at that link, the 24 months for £1175 looks interesting.

[Fido]

My used car wty expires at the end of Feb, and just had the renewal quote through- £680 payable by 10 monthly installments at no extra cost.

Doesn't seem unreasonable esp as it includes RAC membership, especially compared to BMW etc.

Is it worth taking out? I guess you don't know til you've had to make a claim! Peace of mind I suppose...

I'd be grateful for folks' views.

I have just bought my first Lexus (new) I got an excellent deal on the price.

But.

I compared the quote from the Lexus insurance with my insurer and got a much better deal.

The finance deal of 10.1% apr is easily bettered although I preferred to pay cash.

A three year up front payment for servicing will be easily reduced by my local garage.

Gap insurance was offered - I was not prepared to pay the price.

I have a feeling I will decline the extended warranty offer when it comes.

I was very impressed with the standard of customer service that LED to my buying the car and the attention to detail on handover. But I was pleased to have resisted the pressure to part with money that would have offset the benefit of a decent purchase price.

[dave1]

I have just bought my first Lexus (new) I got an excellent deal on the price.

But.

I compared the quote from the Lexus insurance with my insurer and got a much better deal.

The finance deal of 10.1% apr is easily bettered although I preferred to pay cash.

A three year up front payment for servicing will be easily reduced by my local garage.

Gap insurance was offered - I was not prepared to pay the price.

I have a feeling I will decline the extended warranty offer when it comes.

I was very impressed with the standard of customer service that led to my buying the car and the attention to detail on handover. But I was pleased to have resisted the pressure to part with money that would have offset the benefit of a decent purchase price.

You have 3 yrs warranty anyway on a new Lexus so you have 3 yrs to consider your options. Gap insurance, finance etc are always more expensive from the main dealer. I obtained Return to Invoice Gap cover for 3 yrs up to £10k for £112 from a reputable source. I would imagine that £10k worth of GAP insurance would be adequate for your purchase, although realistically it should not be required for the first year with most insurers offering to replace total loss claims with a new car during that time. You seem to be implying that you won't be having your car serviced by a Lexus garage which IMO seems strange with a new car of this type.

[Fido]

I have just bought my first Lexus (new) I got an excellent deal on the price.

But.

I compared the quote from the Lexus insurance with my insurer and got a much better deal.

The finance deal of 10.1% apr is easily bettered although I preferred to pay cash.

A three year up front payment for servicing will be easily reduced by my local garage.

Gap insurance was offered - I was not prepared to pay the price.

I have a feeling I will decline the extended warranty offer when it comes.

I was very impressed with the standard of customer service that led to my buying the car and the attention to detail on handover. But I was pleased to have resisted the pressure to part with money that would have offset the benefit of a decent purchase price.

You have 3 yrs warranty anyway on a new Lexus so you have 3 yrs to consider your options. Gap insurance, finance etc are always more expensive from the main dealer. I obtained Return to Invoice Gap cover for 3 yrs up to £10k for £112 from a reputable source. I would imagine that £10k worth of GAP insurance would be adequate for your purchase, although realistically it should not be required for the first year with most insurers offering to replace total loss claims with a new car during that time. You seem to be implying that you won't be having your car serviced by a Lexus garage which IMO seems strange with a new car of this type.

A friend owns a Lexus and my local garage. His garage has serviced new Hondas for me during the warranty period at a lower cost than the Honda garage and I have never had a problem. He has advised me to have the first annual service done by Lexus then to bring it to him. I have plenty of time to take further advice. At present I am not convinced of the case for paying the higher costs charged by the specialist dealers.

[Scarlet Pimpernell]

Lexus are reliable overall (as most Jap cars are). My new car from the german side will have to have to an extended warranty should I keep it beyond 3 years, though they can normally develop trouble after 5 years (Turbo's etc). With Jap cars you feel you don't need to...

The key one is what will you 220d owners do once your car is out of warranty (and they will be starting to come out now)?

Many of the fixes so far were done as recalls (therefore free), and I'm hopeful that should more work be needed LexGB will continue to fix things under recalls...

Just seems like a can of worms to me with the oiler...

As far as 250 owners are concerned, you could ride lady luck...

[Alex the kid]

the lexus extended warranty is very high level of cover. you may be offered an RAC vcover however this is limited in terms of claim cost whereas the lexus one isnt.

[Robertb]

Just had some wty work done on mine, including a new rear auto-dimming rear view mirror. Saw the invoice- £485 for the part!

So it wouldn't take long to rack up a £680 bill...

I think I'll go for it, esp as it effectively includes £120 worth of joint RAC cover.

[jsj24uk]

I renewed my warrenty with Lexus for two years, this was six months ago. I just wanted peace of mind as everything on my LS is electrical, head restraints included and I'd hate to think how much one of those would cost to repair. I did compare the Lexus warrenty to other company's and did find that the Lexus warrenty was as near as damn it the same as the standard three year from new warrenty.

[JFB2]

My warranty runs out on 20 March. I'm going to take a punt on it. Japanese cars shouldn't really go wrong, and I've not had a single problem with my little motor. I'm just recalling all the reasons why I went for Lexus. It's easy to forget, but reliability was definitely up the top of the list.

[Bumflake]

My warranty runs out on 20 March. I'm going to take a punt on it. Japanese cars shouldn't really go wrong, and I've not had a single problem with my little motor. I'm just recalling all the reasons why I went for Lexus. It's easy to forget, but reliability was definitely up the top of the list.

I agree. I bought an IS for two reasons:

1) Because it looks stunning

2) Because it's a Lexus and should be reliable

Only had my IS for a week so don't know if I've bought a dog or not. Hopefully everything will be fine. I also think £600 odd quid is a lot of money for a year. I got 3 years extended warranty for £300 on my old Citroen C4 . I know the car doesn't compare but surely you can get something cheaper and comparable to the Lexus one.

[dgman]

i won't be taking out an extended warranty,i think that if any expensive components need replacing they would be obtainable from salvage being as there are

more of the current model on the roads and more write off's etc...

nearly forgot,i have just had my first mot and was speaking to the engineer and he was telling me about a bmw x5 diesel that failed it's emmision's test due to a faulty piezo fuel injector.the replacement injector without labour was £600.

[mattstheone]

i won't be taking out an extended warranty,i think that if any expensive components need replacing they would be obtainable from salvage being as there are

more of the current model on the roads and more write off's etc...

nearly forgot,i have just had my first mot and was speaking to the engineer and he was telling me about a bmw x5 diesel that failed it's emmision's test due to a faulty piezo fuel injector.the replacement injector without labour was £600.

But the Lexus warranty would cover that if it failed on an MOT

The Lexus warranty states that if the car failes due to a Part then it will be replaced

or so they have told me

[mattstheone]

i won't be taking out an extended warranty,i think that if any expensive components need replacing they would be obtainable from salvage being as there are

more of the current model on the roads and more write off's etc...

nearly forgot,i have just had my first mot and was speaking to the engineer and he was telling me about a bmw x5 diesel that failed it's emmision's test due to a faulty piezo fuel injector.the replacement injector without labour was £600.

But the Lexus warranty would cover that if it failed on an MOT

The Lexus warranty states that if the car failes due to a Part then it will be replaced

or so they have told me

I am thinking of going for it

just for peace of Mind, and it does come with Full RAC Cover and Recovery and Home start for

My Car and the Wifes, which usually is around £140 a year

i have looked on Warranty direct, but the price is around the same, as i would have to

also take out a Recovery package, and the Green flag version is around £90.00 for a similar thing to the RAC,

The warranty direct works out at £492.00 paid over 12 months, then the Recovery on top.

also reading in to the warranty direct it does not seem to cover things like the Multimedia system

where the Lexus one does, i know its a personal choice thing, and all i have had happen is little warranty issues

except leaking water pump, so if that happens again it will be probably cost around £300 notes to fix at dealer

Matt

[Bumflake]

Do you think Lexus will price match against something like the Tesco Finest Warranty Plan?

[dgman]

i won't be taking out an extended warranty,i think that if any expensive components need replacing they would be obtainable from salvage being as there are

more of the current model on the roads and more write off's etc...

nearly forgot,i have just had my first mot and was speaking to the engineer and he was telling me about a bmw x5 diesel that failed it's emmision's test due to a faulty piezo fuel injector.the replacement injector without labour was £600.

But the Lexus warranty would cover that if it failed on an MOT

The Lexus warranty states that if the car failes due to a Part then it will be replaced

or so they have told me

matt,i am not against an extended warranty as such,if it gives you peace of mind then by all means proceed.i am happy enough to take my chances,it's just a case of run with which ever you are comfortable with.

[S Face]

My used car wty expires at the end of Feb, and just had the renewal quote through- £680 payable by 10 monthly installments at no extra cost.

Doesn't seem unreasonable esp as it includes RAC membership, especially compared to BMW etc.

Is it worth taking out? I guess you don't know til you've had to make a claim! Peace of mind I suppose...

I'd be grateful for folks' views.

Extended Warrenty !! Piece of Mind, whats it worth ? for me it was worth it.

Why :-

I have never taken it out before now but, with my last two new cars (why didnt I learn the first time) two S Type Jaguars they both fell apart during their fourth year of life. The second one cost me somewhere in the region of 10K over the last 14K miles. You name it, it broke !

The other & much more influencing factor was back in October last year when the day came to buy what was going to be a very late, low mileage and in beautiful condition (or so I thought ) LS430.

Unbelievable as I thought at the time, (once bitten twice shy) my local Lexus dealer shipped my chosen beutiful 430 to thier premises. That morning the wife and I in best bib and tucker were to take delivery of it until our Lexus dealer called me to say that the car was a 'lemon' and they would not sell it to me. It needed a new ECU and adaptive cruise control unit fitted, £9K !!! thats why I took out the additional warrenty based on the 460 I have now having a similar adaptive cruise unit.

What this proves is (i) that some dealers do have some ethical and moral values where other's dont & (ii) some car's even Lexus can still be made on a Friday afternoon.

The bottom line is, I think it really does depend on how much tech you have in your car. As you can see an ECU and Cruise control unit @ £9K makes the grand or so for a two year warrenty on a 460SE-L cost me is a pretty cheap option to get piece of mind.

As you are probably questioning what happened to the 430, it was shipped back to where it came from and the 'LEXUS DEALER' sold it to some poor :tsktsk: without replacing the units. We assume, hoping for the warrenty company to pick up the bill when the owner found his brakes slammed on for no reason when he was on the motorway enjoying what he thought was a beautiful smooth drive with adaptive cruise control. Let's all hope he/she doesnt get hurt.

LEXUS GB this is for you : You didnt get back to me today to discuss this and my other issue !!

If this helps someone make up thier mind it was worth posting.

All the best guys/girls looking forward to getting out in the summer and seeing you all !

Mike

[chandru]

guess it is worth it some times and sometimes not..just a gamble you have to take. my is200 when i wasabout to sell had a leaking water pump, that was going to cost around 300-400.luckily it was still in the approved used warranty period.. so a warranty cost of 600 is nothing really if u think about it.

[ihpj]

I have posted extensively my own dilemmas and experience of renewing the warranty on our RX. Fact is, with labour costs circ a£100 PER HOUR these warranties should be seen more as labour protection rather than anything else. It is not the cost of the part but labour that empties your wallet. They then become eminently necessary as even the one claim will see you close to break even - and for the RX, there are some parts (like parking brake cables) that can only be bought from Lexus (and they are expensive). Also, worth noting the Lexus Warranty will cover items such as mirror glass too - something which most Third Party Warranties will not.

Yes the Lexus product costs a more, but remember it is cashless, paperless, excess less and very (very) easy for the Dealer to arrange repairs on. No quibble on costs and what is 'actually' necessary ...

For me, it was a no brainier and while we had our RX it had a Lexus Warranty; wouldn't run one without it!

[dave1]

Lexus extended warranty gives same cover as new but with unlimited mileage! My local dealer is owned by Listers who operate their own scheme. Having obtained a policy booklet from them to read very carefully at home, it seems to be equal to the Lexus policy. Lexus want £1600+ for extra 2 years on a GS whilst Listers want £900 + for what appears to be very similar cover, including the full RAC with Euro cover. I will be giving this serious consideration when my warranty expires in May.

On closer examination, whilst both policies have a claim limit up to the invoice price of the car, the cheaper Listers policy has a limit of £2000 per claim, whilst Lexus only seems to have a claim limit of the invoice price per claim. If, say the cambelt snapped, the cheaper warranty would almost certainly not cover the cost of repair.

[alpine]

Do you think Lexus will price match against something like the Tesco Finest Warranty Plan?

Hardly, all of the Tesco warranty plans exclude what they call 'prestige' cars. Lexus is on their excluded list