Dealer offered an extended warranty... should I take it?

I just bought a 2025 Tundra this past weekend, and the dealer offered me a 6-year/100k warranty through this ‘Apex Protection Plan.’ It cost $2,100, but they said if I don’t use it, I can get a full refund when the contract ends.

I was unsure at first but went ahead with it, thinking I could cancel in the first month if I change my mind. The idea of a refund if I don’t use it is appealing, as long as they keep their word—it’s noted on their ‘We Owe’ form.

I’m curious if anyone here thinks it’s worth it or if I should cancel? Extra points if you’ve had experience with this specific Apex warranty.

Thanks!

Hi, I worked for Toyota selling cars for two years. You don’t have to buy the warranty from the dealer. You could probably get a 7-year/100k Toyota Platinum VSA for around $1,500, depending on the dealership. Call around or use SmartPath; some places have it listed upfront. When I worked there, I got my 4-year/100k (I drive a lot) for $1,180, and they still made a couple hundred off me. Also, always buy Toyota VSAs—they’re good anywhere in the U.S. or Canada. No third-party stuff is the best choice in my opinion.

I got a Toyota Platinum warranty 7 years/120k miles for $2,400. You should try to negotiate more.

Kade said:
I got a Toyota Platinum warranty 7 years/120k miles for $2,400. You should try to negotiate more.

That’s a good deal for a Toyota plan with that term. Did you get it from the selling dealership?

@Fife
Yes, and I got them to lower it from $3,000. Plus, it’s 100% refundable if I don’t use it.

Kade said:
I got a Toyota Platinum warranty 7 years/120k miles for $2,400. You should try to negotiate more.

I got a similar deal - Toyota Platinum 10 years/100k, on a 2025 Platinum for $2,100. The MSRP was listed as $4,500, but I think they just did that to make me feel good about the price.

@Cory
Yeah, that’s how they do it! LOL. I left feeling good, and I’m still happy with the decision.

You really need to read the contract and fine print.

I got mine with my Sequoia because it has a new engine. Anything can happen, so I like having that peace of mind.

Toyota should be giving these warranties away…

Extended warranties are a good idea if you plan on keeping the car long-term and if you get them at a good price. $2,000 isn’t far from the base cost for the Toyota Financial policy, but I don’t know anything about this Apex company. You might want to ask if they offer the actual TFS policy instead.

I got mine for $850. Negotiate it!

Contact Troy at fd-warranty.com for a 10/125 Toyota backed Platinum extended warranty with a $0 deductible for less than what you paid.

There are better deals out there. I just got a 10-year/125k Toyota warranty on my Tundra for $2,000. It felt a bit much, but it gives me some peace of mind. Jerry Johnson at Midwest Toyota helped me, and you can find his contact info on this forum and other Toyota forums if you’re interested.

@Wilder
Interesting, thanks for the info! Is it refundable if you don’t use it? That’s what mostly caught my attention with this one—just peace of mind, but if I never need it within the 6 years/100k miles, I should get a full refund, I hope.

@CYNTIAH
Ah, the one I have isn’t refundable. I should have paid more attention to your post. A few things to consider. I hope you find the right choice for you.

You can get the factory warranty anytime before 36k miles within 3 years. Don’t just let the dealership add a warranty without asking you first.

Jerry Johnson at Midwest Toyota helped me get a platinum plan for less than $1,600. You can call him at 620-664-8844 or look up his dealership. He saved me over $4,000 compared to other dealerships.

A few things to think about. First, it’s a Toyota, and unless they’ve had major issues with the new turbo V6 replacing the V8, as long as you keep up with recommended maintenance (especially oil changes), it should last 300-500k miles.

Second, I’d be cautious about non-Toyota extended warranties from the dealership. There are good ones and bad ones. Toyota warranties are valid at any Toyota dealer in the country. My credit union offers a competitive warranty at a good price. Third, these things are negotiable, so you may have lost negotiating power since you’ve already paid, but next time, come prepared with quotes from other places.

Also, check the contract to make sure it covers the turbo and emission control stuff beyond the factory warranty. I know some Sequoia owners who had costly air injection pump repairs after the factory warranty expired.

@JamesHenry
Aren’t the 2022-2024 models having engine failures?