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extended warranty

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Posted by chica on August 12, 2006, 5:56 am
 


I am about to buy a 2006 Prius and am undecided about whether or not to
purchase an extended service plan. If anyone has any experience with
maintenance and repair costs, I would love to hear about it. Also, the
dealership says I can only receive a 75% tax credit at this time. Is
that true? From what I have read here, it doesn't sound right. Thanks.


Posted by Michelle Steiner on August 12, 2006, 1:19 pm
 




You'll get at least as many opinions about the extended warranty as
people providing them.  I personally do not believe in them.

The dealership is wrong.  If you take possession by the end of
September, you will get 100% tax credit.  If you take possession from
October 1 through December 31, you will get 50% credit.  The next three
months would be 25% credit, and nothing after that, unless the law is
changed.

--
Stop Mad Cowboy Disease:  Impeach the son of a Bush.

Posted by mrv@kluge.net on August 12, 2006, 5:40 pm
 


Michelle Steiner wrote:

it's not 3 months for 25% credit.  The phaseout increments is every 2
calendar quarters (6 months) starting with the initial phaseout
starting Oct. 1, 2006 (beginning of 2006Q3).


Posted by Michelle Steiner on August 12, 2006, 6:43 pm
 



My bad, I thought it was every quarter, not every two quarters.  Thanks
for the correction.

--
Stop Mad Cowboy Disease:  Impeach the son of a Bush.

Posted by chica on August 12, 2006, 7:43 pm
 

Thanks, everyone. I think I will hold off on the extended warranty. I'm
so glad to have found this group!


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