Moreover, Toyota owners like the high resale value. Figure out your needs. Daily car rental reimbursement for up to $35. An extended car warranty may help cover the cost of certain repairs to your vehicle when the manufacturer’s warranty expires, but they’re not for everyone. Toyota has an amazing reputation for reliability, and their warranties are some of the longest, Prius has even longer. However, it’s always best to do your own research and get quotes specific to your car and needs before you buy an extended warranty. Get an extended auto warranty and stop paying for costly repairs! But are they worth the money? Even if you don’t keep your car, extended warranty plans are easily transferable to the new owner. I've purchased many vehicles in my lifetime and never ever purchased an extended warranty. No branded extended warranty can match that. Platinum Protection, on the other hand, offers comprehensive coverage and higher reimbursements. Warranty begins when the vehicle is registered in service, which may be prior to the date that you purchased it. Toyota Extended Warranty Worth It - Extend the life of your car's warranty and end auto repair costs. Nearly all of your vehicle’s parts are covered, from brakes to the power seat computer. I've got a 7 year / 75k mile warranty on my charger with $0 deductible. Is a Toyota Corolla Extended Warranty Worth It? I don’t recommend buying extended warranties, ever. As an example on their confidence, Toyota announced it will extend its hybrid battery warranty from 8 years / 100,000 miles to 10 years from date of first use/150,000 miles, whichever comes first. You are a plurality! I don’t recommend buying extended warranties, ever. Get the latest Automotive News in your Inbox. Here are 4 Reasons Why it May Be On, 6 Reasons to Switch from Your Nissan Warranty to a 3rd Party Extended Warranty Provider. Based on our research, below are three great options where you can get a third-party warranty: Endurance is one of the largest providers of third-party vehicle service contracts. 97 Camry, got extended warranty from 3rd party (non-Toyota), $0 claim within the warranty period. To get more out of your dealer, head out to our best negotiation tips for the real art of the deal. The Toyota extended warranty could be worth it if you want to keep visiting the same dealership for coverage after the factory warranty expires. Why A Lexus Extended Warranty Could Be Worth It Your car will inevitably face troubles, no matter how well you take care of it. The highest being 8 years/ 125,000 miles, whichever comes first. But if you want to pay for peace of mind and sleep better at night, go for it. The prices and extent of coverage will also depend on your car’s age and mileage. Photo Credit: Adobe Stock, © scharfsinn86. See your Toyota dealer for details. You are buying health insurance not because you want to get sick. You don't pay for replacement parts or labour. At that time, Hyundai owners want to know whether or not it is worth it to purchase a Hyundai extended warranty. And with service available from any of 1,500 Toyota dealers across North America, your Toyota will always be serviced with Genuine Toyota … Used it twice, driver side windows track broke off, headlight condensation. The standard 5 year warranty on my 2012 v-matic expires next year, and so Im considering buying the Toyota 2-year warranty extension. But let's keep that for another day and let's enjoy today it's peace if mind cost. You will need to go down and visit your dealership. Toyota Extended Warranty Worth It . Toyota extended warranties can also be purchased at any time before the existing warranty ends. , which lists the most successful companies in America. . Do you get tired of a car by its third year? However, even with these averages, it’s easier to tell whether an extended car warranty is worth it. Perhaps the most notable difference between a Toyota warranty and a Protect My Car policy is the way they treat their customers. Your warranty is also transferrable to second owners. But if it goes beyond that I am reluctant to spend that much on extended warranty considering I am buying reliable car, if I don't trust the reliability of Toyota no point of taking the vehicle. Offer 6 years/100,000 miles coverage, whichever comes first. Pay for car repairs on your own while relying on Toyota’s vaunted nationwide support and service network. Toyota has a fairly standard factory warranty that comes with all new vehicle purchases, but if you want something extra in terms of coverage, the company’s Toyota Care program is … It is best to get this extended warranty if you’ve got a car younger than three years. Toyota offers three extended warranty options. You can opt to have extended warranty up to 8 years and 125,000 total miles for new cars or 5 years and 60,000 miles for used cars. A new car requires an average of $1,186 to maintain and repair per year. If I can get extended warranty for couple of more years with reasonable rates like within 1000 to 1250 it certainly makes sense to spend that much on it. Prius owners complain about lights going off automatically and windows cracking up for no reason. With so many customizable coverage terms, a plan can go as low as $900 or well above $2,000. Industry leader that offers no-interest payments of 12-24 mo. It’s available for new cars, meaning those less than 3 years old and under 36,000 total miles. 3 years/50,000 miles We use cookies to ensure that we give you the best experience on our website. Best Extended Warranties for Toyota Vehicles. If you plan to keep your car in the long run, it’s best to get extended warranty to protect you after the initial plan expires. Like most manufacturers with extended warranty plans, Toyota doesn’t publish its prices. I've never regretted it. Here’s a look at the five levels of coverage available from CARCHEX. Should you consider an extended warranty on a new or used car? Its a Toyota. Although Im a relatively low mileage user, parts can fail as much with age as mileage and Im thinking it could come in handy if the EPB fails. Also, remember that the way a used vehicle was cared for and maintained by past owners is arguably a better indicator of its long-term reliability than the badge on its hood, or the country where it was built. To learn more about Toyota extended warranty costs, it’s best to contact your nearest Toyota dealer. Is a Toyota Extended Warranty Worth It? Toyota’s extended warranty comes in three tiers and they give good coverage. Warranty In-Depth. As a result, the car’s age and mileage play a big part in determining its Toyota extended warranty costs and overall eligibility. With 43% of owners complaining about car engine problems, you better have your back covered with an extended warranty. 3 years/50,000 miles Warranty Provider The Company that provides this Extended Warranty and ultimately pays all valid claims made under it. Didn’t cost me a dime.”. Gold Protection also comes with more flexible terms. )Platinum Protection: Definitely no. Toyota Takes Durability Seriously But… Owners are opting to buy long-term extended warranty plans … Your email address will not be published. Another plus is you can buy your extended warranty online or over the phone with your warranty agent. Toyota Warranty From Jerry Thanks to this site: Sent Jerry a E-Mail, requested a Quote, imediate call back and an E-mail response. Offers comprehensive service and covers vehicles with over 100,000 miles, Each coverage plan gives you the freedom to choose your preferred maintenance repair shop and pays the repair shop directly. If your vehicle is not covered by Toyota Warranty Advantage (for vehicles purchased before Jan 2019), you can purchase Toyota Factory Approved Extended Warranty Insurance at anytime whilst the vehicle is still within the Toyota new vehicle warranty period. However, Toyota’s extended warranty usually comes at a higher price. However, after a few months, i decided to cancel it and obtain a refund. My last Toyota didn't cost me anything at all in repairs in 6 years. You have to decide if its worth it to give you peace of mind, to me its not. Find out whether the Toyota extended warranty cost is worth it or if you should go with a third-party provider. 5 years/60,000 milesPowertrain Coverage: It depends on a lot of factors. Basic Coverage: The plan provides extensive coverage, with more than 100 more parts than Powertrain Protection. Others may prefer the variety and coverage options of other third-party providers. for the extended warranty, All the dealer "Midwest Toyota" wanted was the vin # of the car and the number of miles driven. Who will cover those extra years and high-mileage? But if you are someone who drives a car until the wh… Kia is also known to provide a 12 months warranty on all parts and accessories from genuine Kia date of purchase of the item (s) from an authorized Kia dealer. Compare Toyota’s extended warranty costs and services to the leading third-party companies. He is debating whether to purchase the extended warranty. According to Toyota Canada, a 2007 RAV4 (just like yours) comes with Toyota's standard three- year/60,000-km comprehensive manufacturers warranty, and its five-year/100,000-km powertrain warranty. Just like any other investment, you need to make sure you are getting your money’s worth when you get a Toyota extended warranty. All Toyota plans come with 24/7 roadside assistance, free towing to the nearest authorized dealer and coverage across the continental U.S. and Canada. It also ranked in, Fortune Global 500 as the 10th largest company in the world according to revenue. Instead of regulating the escalating prices, Toyota decided to ban out-of-state extended warranty sales over the phone and internet. and CARCHEX. Kinetic Dynamic Suspension System Leak – $ 1,400. Here is how to go about getting the best deal. Extended Warranty is a controversial topic. Also, Toyota’s extended warranty tops out at 10 years/125,000 miles. Toyota extended warranty plans aren’t just available through the manufacturer – you can get them from third-party providers, as well. For example, if you usually keep your cars for about six years, and you're looking at a 2018 Kia Sorento with a five-year/60,000-mile basic warranty and a 10-year/100,000-mile warranty, it’s probably a good choice to skip the extended coverage. Toyota’s CPO program is fairly standard in its offerings and coverage. $50 for lodging and rental if ever your car breaks down 150 miles away from your home. for the extended warranty, All the dealer "Midwest Toyota" wanted was the vin # of the car and the number of miles driven. If so, paying for an extended warranty doesn't make much sense since the manufacturer warranty will still likely be in effect. (Hybrid battery coverage for 2020 models lasts 10 years/150,000 miles. Although it requires the same eligibility rules for new cars, the plan is also eligible for used cars within the current plus 9 model years old and up to 150,000 total miles. It gives a higher resale value and will usually seal the deal. And let’s not get started about the transmission issues. Toyotas a … Since you paid good money for your self and rely on it for you around every day, it is important that you can afford the repairs when they occur. Visit our site and compare different plans to get a good claims limit. You can just imagine the complaints among competing dealerships who were selling the same plans for $1,000 – $2,000 more. 1) What Is an Extended Warranty? However, even with these averages, it’s easier to tell whether an extended car warranty is worth it. Went for a Platinnum $0.00 deductable 7yrs. Toyota extended warranties can also be purchased at any time before the existing warranty ends. For example, Ford sells the FMPP (Ford Maintenance Protection Plan) for $1499 and it covers 4 years maintenance - no warranty aspect at all. No warranty will cover each and every part of your vehicle that may ever cost you money, and not all extended warranty coverage is created equal. It comes with a towing reimbursement worth $50. jQuery('#affiliate-disclosure-popup button').click( function() { jQuery('#affiliate-disclosure-popup').fadeOut(); } ); Are the proud owner of a Toyota? Toyota’s Powertrain Protection, for example, is a basic plan that covers only major engine and auto components. Take Denver resident Yossarian’s experience with her $2,485 Land Cruiser repairs: With her $1300 – $1400 extended warranty contract, she didn’t need to shell out a single cent. No matter which plan you choose, Toyota offers $0 or $100 deductible options. Extended warranty plans vary in duration and coverage: Some offer bumper-to-bumper coverage, while others only cover repairs to certain parts of the car. Because the more complicated the machine, the more it’s likely to breakdown. “On average, you’ll pay about $1,500 on an extended warranty, and the average repair is $180. Most affordable policy with coverage for most major parts of your vehicle, from engine to water pump, Greater increased coverage for all major and minor vehicle parts, from engine and transmission to power windows, Intended for vehicles with high mileage, providing comprehensive protection for all the vital car systems, Similar to a manufacturer’s factory warranty, Protects against electrical and computer-related problems, : Applies to other motor vehicles, such as motorcycles and ATVs. Extended warranty plans come with a choice of different coverage and prices. Toyota cars are built for reliability, safety, and durability, not for chicks and cool-factor. The plan is also a good choice if you have a mileage of fewer than 36,000 miles. Platinum Protection plan holders also have higher reimbursements for rental cars at $50 per day, and meals and lodging at $100 per day, if more than 150 miles from home (for a maximum of five days). I initially purchased the extended warranty for my 2014 Corolla. Even if you still have your Toyota warranty, don’t wait until your coverage expires … Is the Toyota extended warranty worth it? Required fields are marked *, @ CAR WARRANTY GURU | ALL RIGHTS RESERVED 2018. For example, cars under 3 years old with less than 36,000 total miles on them can be covered by all of Toyota’s extended warranty plans. Toyota’s extended warranty service covers the majority of your car, but it doesn’t cover everything. The plan lasts for up to 6 years and 100,000 total miles, covering any repairs or replacements of your vehicle’s engine, transmission and other components. We’ll guide you through the decision-making process on the following pages. 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