Exended Warranty. Any good?

[Balthane]

Hi all

I bought my 2007 Is 250 a few months ago and it came with a 3 month guarantee from the dealer with an option to buy a further 12 month warranty when the 3 month one expires (25/2/17.) Cost is £193

Car has done 49k,I only do about 5k a year and car has good service history so is it worth buying a further guarantee? I appreciate these are limited and not like a guarantee you would get with a new vehicle.

All comments and thought would be gratefully receive as always

[mk_lon]

I was planning to sign up to the Lexus warranty in Oct 15 for my 07 plate is250, then my local independent (who I trust) highly recommended warrantywise as one of the better ones (but far from perfect). 

At first I regretted coughing up almost £380 then about 9 months later my front calipers went, It would have cost me £850 from Lexus or £700 from local inc labour. Warrantywise paid for the labour and parts, thus it paid for itself. 

I have heard of horror stories for both.

 

[Wisty]

I can only speak from the very positive experience I've had with the Lexus extended warranty.  I had an issue with a rattly door speaker (blown) and a non-folding passenger door mirror.  These were all replaced with no questions asked, with the usual exemplary Lexus level of service.

[steveledzep]

I'm very positive about it too.  Since purchasing the warranty for £895 (I think) in November 2015, I've had a few claims.  Nearside headlamp assembly replaced (condensation), water pump replaced (noisy) and two rear brake calipers replaced (seized).  Total Lexus retail value c£1,600.  Warranty still valid until November and I have the Lexus Roadside Assistance package too !

 

Even if I hadn't claimed, I'd view it as an insurance policy for peace of mind.

[Balthane]

Thanks for all advice.

I forgot to mention that I only bought the car 3 months ago and not from a Lexus dealer. The guarantee I have been offered is not therefore underwritten by Lexus but some other company that deals in these things.