top of page

Kobi Israel Official Group

Public·51 members

Should I Buy Toyota Extended Warranty

Whether your factory warranty is expiring or you are about to purchase a new Toyota, you might be wondering if a Toyota extended warranty is justified to help shield your bank account from unexpected breakdowns. The question really lies in whether you want to handle each repair as it happens or you want more financial security as your odometer ticks upward each year.

should i buy toyota extended warranty

You will have to use the Toyota dealer for all repairs, just like you do with the factory warranty. Deductibles are $100 per visit, with a disappearing deductible if repairs are made at the dealership that originally sold the service agreement. In addition, the extended warranty plan comes with 24/7 roadside assistance, travel protection, and a one-time warranty transfer.

Toyota vehicles are eligible for a new car extended warranty if they are still within their Basic Coverage factory warranty. That means any new Toyota within 3 years/36,000 miles is eligible for a vehicle service contract.

Unlike new and used agreement options, Toyota offers only one vehicle service agreement for Certified Used Toyota vehicles. Your Certified Used Toyota is eligible for extended warranty coverage if it has a Toyota Certified Used Vehicle Limited Powertrain Warranty and is less than six model years old with a total of up to 85,000 miles.

Estimates suggest that a Toyota extended warranty costs between $1,000 and $1,500 when purchased from a dealer, which is a fair price in the industry for what you get. The price generally gets wrapped up in your financing, so you end up paying interest on it.

Instead of buying an extended warranty through Toyota, you can purchase vehicle protection through a third-party warranty provider. While a Toyota vehicle service contract might come with limitations, third-party extended warranty companies generally offer similar coverage to the Toyota extended warranty but often cover high-mileage cars that are not covered by Toyota. These extended warranties can be purchased at any point in time.

Third-party extended auto warranties also generally include additional perks such as roadside assistance, towing, and rental car reimbursement. Some additional reasons you might want to choose a third-party warranty over a Toyota extended warranty include:

You can buy a Toyota extended warranty when you purchase your new vehicle or anytime before your factory warranty coverage expires. Any new Toyota vehicle within 3 years/36,000 miles is eligible for an extended warranty.

Yes, you can, but only on Toyotas still covered under the new car comprehensive warranty. . Toyota offers its VSA program for new, used, and certified pre-owned vehicles. The used policies and CPO extended warranties can be purchased only when the new or CPO car is bought.

VSA is an extended program Toyota handles itself, and it only sells the program through its own dealer network. You can certainly buy a third-party warranty for a Toyota, but you cannot buy this one any place except at a Toyota dealership.

Like almost every extended warranty, Toyota offers a choice of a zero deductible or a $100 deductible plan in every one of its offerings. Toyota also offers varying lengths of time and miles for its contracts.

Third-party warranties for Toyota vehicles make sense when your Toyota is older than the three-year 36K period. Since Toyota will not sell you a used car VSA outside of that window, if you already own an older used Toyota, an extended warranty from a third-party is your only option.

Carshield also offers 32 vehicle service contracts to match your budget, your car, and your lifestyle. If you like off-roading or take long business travels, then taking out an extended car warranty is the smart choice.

A Toyota extended warranty can help you keep your auto repair expenses predictable and maintain peace of mind on the road, but is the coverage you receive with a Toyota extended warranty worth the cost?

Toyota extended warranty costs range from $1,000 to $2,500 for the most robust coverage available. Based on customer reports online, drivers choosing the Platinum protection plan, the most comprehensive Toyota extended warranty, can expect to pay anywhere from $1,500 to $2,500 for eight years of coverage. Compared to industry averages, the low end of these figures is quite a good deal for an extended warranty, while the higher end is about average for a manufacturer-extended contract.

When deciding whether the Toyota extended warranty cost is worth it, consider that every Toyota comes with a factory warranty. Therefore, before you buy an extended car warranty, you need to know if your Toyota is still under its original factory warranty, and if so, what coverage is left.

An extended warranty can protect your wallet from potentially expensive repairs down the road, but if the coverage price is too high, you are better off saving for the cost of repairs yourself. Since the (at least) $1,000 you will likely spend on a Toyota Extended warranty exceeds the average costs of covered repairs, you may be better off saving for the repairs if you can afford them.

While you may not need a major car repair every year, with certain Toyota models prone to defects and reliability issues, an extended warranty can offer additional needed security. Though an extended warranty, like health insurance, is something you may never use, precaution is generally better than a cure.

With so many auto warranty options available, deciding which extended warranty is the best fit can take some time. Some Toyota owners favor the Toyota extended warranty for its brand certification and the access it gives you to factory-trained technicians. Other Toyota owners prefer the variety and coverage options of third-party providers.

Based on our research, there are three great warranty options from third-party extended warranty providers. The three extended warranty providers we recommend are Endurance, CARCHEX and CarShield. To compare them head to head, you can read more about these companies below:

Our expert review team takes satisfaction in providing accurate and unbiased information. We identified the following rating categories based on consumer survey data and conducted extensive research to formulate rankings of the best extended auto warranty providers.

The Gold Toyota extended warranty also provides coverage to your vehicle in different increments up to eight years/125,000 miles. Do you need an extended car warranty for your used Toyota? Used Toyotas can only be covered up to five years/60,000 miles.

According to RepairPal, Toyotas cost $441 per year to maintain and repair on average. Toyota is king of the road and continues to be ranked within the top three vehicle manufacturers by Consumer Reports, but certain models are prone to defects, service issues, and reliability issues that potentially need to be addressed. In a single visit to your mechanic, one issue could cost you thousands of dollars unless you have Toyota extended warranty coverage.

Drivers of new, used, and certified pre-owned Toyotas can benefit from an additional 10 years of protection with a CARCHEX Extended Vehicle Protection Plan. In fact, the average monthly cost of a Toyota extended warranty from CARCHEX is just $56.*

Choosing to go third-party when it comes to your Toyota extended warranty is a good idea, and it gives you covered repair options beyond what the dealership offers. However, not all of these options are the same. See how CARCHEX stacks up against the competition:

Call 866-261-3457 today for your free Toyota extended warranty quote. Not sure about which plan is right for you? One of our friendly CARCHEX representatives is willing to help.

Understanding what sort of warranty you're buying, and who's actually responsible for administering the warranty, is very important. Just because the warranty is offered to you at a Ford or Toyota dealership when you buy the car doesn't mean that it's a Ford- or Toyota-backed warranty. Figure out who the carrier is and do some research to see how satisfied people are with the claims process. You'll also want to make sure that the warranty will be honored at the dealer or mechanic you actually plan on servicing the vehicle at, and if it'll also cover a broad network of other dealers near where you plan on using the vehicle. What good is an extended warranty if your car breaks down and the tow truck has no participating mechanics to tow it to?

And then there's the fuzzy math involved to figure out whether an extended warranty will actually save you money. We say "fuzzy" because there's no telling what might break outside of the warranty period. It's somewhere in between buying insurance and gambling. For most casual buyers, running the numbers here to determine the value proposition is going to be almost impossible.

A Toyota extended warranty, also called a Toyota Vehicle Service Agreement (VSA), provides coverage for your vehicle in the case of mechanical breakdowns. Toyota factory warranty coverage lasts for up to 5 years/60,000 miles, but an extended warranty plan can expand that protection.

Toyota offers three extended warranty plans: Platinum Protection, Gold Protection and Powertrain Protection. All three levels of coverage are available for new and used vehicles, though the coverage terms vary for both.

Powertrain Protection is the most basic Toyota extended warranty package. The powertrain plan covers most major components of the vehicle, including the engine, transmission and axles. This extended auto warranty offers coverage for 6 years/100,000 miles.

Used Toyota models are eligible for an extended warranty if they are 10 years old or less and have fewer than 150,000 miles. A used vehicle extended warranty can only be purchased at the time of the vehicle sale. 041b061a72


Welcome to the group! You can connect with other members, ge...
bottom of page