Joined Feb 2009
L5: Journeyman
Forum Thread
is the carmax warranty worth it? anyone have any experience with it?
May 18, 2016 at
07:26 AM
Thread Details
I'm looking to purchase a car from carmax, it's $21k. I got approved for $18k @ 1.69% and will be paying the rest in cash.
tax tag and title equates to roughly $1400. Max care for 100k miles on the odometer, or 60 months is an additional $1300.
im looking to get a lexus CT 200h, it's got the same motor as the prius, plus all the lexus luxury.
i'm 60/40 on not getting the warranty, since i know it's a reliable car. at 24k miles, there is plenty of life left. at the same time, i'm going to be relocating soon, and i will need reliable transportation. i'll have peace of mind knowing that if anything major happens, i'm covered.
should i get the warranty?
tax tag and title equates to roughly $1400. Max care for 100k miles on the odometer, or 60 months is an additional $1300.
im looking to get a lexus CT 200h, it's got the same motor as the prius, plus all the lexus luxury.
i'm 60/40 on not getting the warranty, since i know it's a reliable car. at 24k miles, there is plenty of life left. at the same time, i'm going to be relocating soon, and i will need reliable transportation. i'll have peace of mind knowing that if anything major happens, i'm covered.
should i get the warranty?
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This guy posted something relevant just last Friday: Should You Bother With An Extended Warranty?
[jalopnik.com]
I wouldn't get the warranty on a reliable car.
tax tag and title equates to roughly $1400. Max care for 100k miles on the odometer, or 60 months is an additional $1300.
im looking to get a lexus CT 200h, it's got the same motor as the prius, plus all the lexus luxury.
i'm 60/40 on not getting the warranty, since i know it's a reliable car. at 24k miles, there is plenty of life left. at the same time, i'm going to be relocating soon, and i will need reliable transportation. i'll have peace of mind knowing that if anything major happens, i'm covered.
should i get the warranty?
No one is going to say you CAN'T buy this car, but you really SHOULDN'T.
It is possible that you left out extra details but even so, I'm not sure I would recommend this.
No one is going to say you CAN'T buy this car, but you really SHOULDN'T.
It is possible that you left out extra details but even so, I'm not sure I would recommend this.
KBB has it at 20k. carmax has it for sale at 21k. i don't mind paying that 1k premium for a carmax transaction.
CPO lexus has fully loaded 2013 models with 24k miles at 24-25k from what i've searched online through inventory.
i've also looked through craigslist, using searchtempest for the past 2-3 months, and nothing that's a good deal has come up.
my down payment can be upwards of 10k but i'd rather not blow that cash at a single time.
im just checking to see if this community has any experience with extended warranties through carmax.
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The situation totally changes if you know your buying an unreliable car, (Landrover, etc)
Troy Dietrich at Toyota of Greenfield. Direct number 413 772 0989.
Always recommended on any Toyota or Lexus board.
While i wouldn't buy it myself, i'm different than other people. I can wrench on a car on my days off, i might not want to but i can. $1300 on a lexus is about 1-2 repairs.
In terms of claims and payouts, i've talked to service managers at my infiniti dealership and he doesn't have an issues having carmax's warranty pay out for a repair. So thats a good thing, i assume lexus is similiar but i cant say for sure. Trim wear and tear is what i'm most worried about but rarely will you have an extended warranty cover that.
I would say NO to getting it. As you are betting you will spend less then $1300 on repairs for the next 75k miles.