Even if you still have your Toyota warranty, don’t wait until your coverage expires … 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. I initially purchased the extended warranty for my 2014 Corolla. Is the Toyota extended warranty worth it? Warranty begins when the vehicle is registered in service, which may be prior to the date that you purchased it. In this guide, you'll learn what’s covered by an extended warranty, how vehicle service contracts work, and where to buy plans. You got the figures and you have the hard facts, get the long-term benefits of an extended warranty for your Toyota. But the facts will speak for themselves. Used cars within the current plus 12 model years old and up to 150,000 total miles are also eligible. You don’t need to become afraid of your aging Toyota. Toyota has an amazing reputation for reliability, and their warranties are some of the longest, Prius has even longer. The prices and extent of coverage will also depend on your car’s age and mileage. Your warranty is also transferrable to second owners. pinnacle automative extended warranty rv repair eugene oregon holden new car warranty. Which sucks. 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. 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. . Once a car has passed its prime, it becomes more expensive to cover. However, even with these averages, it’s easier to tell whether an extended car warranty is worth it. With the Vin# he was able to pull up my vehicles purchase date & etc. By providing useful warranty information as well as possible out-of-pocket costs if you opt out of the Honda Care extended warranty, you’ll be clearer in your decision-making process. No branded extended warranty can match that. And let’s not get started about the transmission issues. At that time, Hyundai owners want to know whether or not it is worth it to purchase a Hyundai extended warranty. Before we get to the questions you should answer for yourself, here's one you'll hear from the finance manager: \"Do you plan on keeping this car for a long time?\" It's a common question, and it's worth your consideration. For years, Toyota has been one of the best-selling brands around the world – and for good reason. On a Toyota? If it was say a Hyundai? No matter which plan you choose, Toyota offers $0 or $100 deductible options. What are the Best Options for Extended Toyota Protection. Your actual Toyota extended warranty cost depends on several factors: Is the Toyota Extended Warranty Cost Worth It? Just like any other investment, you need to make sure you are getting your money’s worth when you get a Toyota extended warranty. Are the proud owner of a Toyota? The company makes affordable, durable and reliable cars. Though, if one expensive repair would do serious damage to your budget, the Toyota extended warranty cost you pay could be worth it. 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. By widening your warranty search, you have the choice of more affordable plans and payment options. On a hyundai/kia, maybe it's worth it, Toyota however I'm willing to take the gamble with the warranty that comes with the car. It’s best to choose the Platinum coverage if you have a new car or a model that is less than three years old. Average monthly coverage cost is based on the average total price of the Vehicle Protection Plan over a four year coverage period. An AutoNation extended warranty may be a decent choice to cover your vehicle after your factory warranty expires, but read your contract carefully before signing an agreement. Extended warranties can be expensive, most new goods are made to a high standard and you already have statutory rights which give a high level of protection. 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. Definitely no. The Platinum tier is Toyota’s highest warranty level which covers the most number of parts. 5 years/60,000 milesGold Protection: and California regulations. Designed for vehicles with high mileage, protecting important components like the engine, transmission and drive axle, The most affordable coverage option, covering the most vital and most expensive components, including the engine, transmission, transfer case, drive axle, fuel and turbo/supercharger, A higher level of coverage that covers steering, electrical and braking systems, The highest level of stated component coverage available, providing comprehensive protection for hundreds of car parts, Exclusionary coverage for the maximum protection from any breakdowns (most similar to the original factory warranty), With more than 20 years of doing business under its belt, CARCHEX is one of the leading third-party car warranty providers. Toyota Extended Warranty Worth It - Protect your car whether it is used or new by taking out extended warranty. Read the results of a Consumer Reports survey and learn what to do if you decide to buy a car extended warranty. A new car requires an average of $1,186 to maintain and repair per year. What Does a Toyota Extended Warranty Cost? The Protect My Car extended warranty does have a $100 deductible, but it also provides better coverage, with 100% of the cost of repairs covered instead of having parts and labor limits like Toyota. To learn more about Toyota extended warranty costs, it’s best to contact your nearest Toyota dealer. 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. By providing useful warranty information as well as possible out-of-pocket costs if you opt out of the Honda Care extended warranty, you’ll be clearer in your decision-making process. Extended warranty plans come with a choice of different coverage and prices. Below are the providers we recommend getting a quote from. It comes with a towing reimbursement of $50. 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. 5 years/unlimited milesCorrosion Perforation: Visit our site and compare different plans to get a good claims limit. Who will cover those extra years and high-mileage? We like that you don’t have to worry about submitting any claims – Toyota will pay the dealer directly. We’ll guide you through the decision-making process on the following pages. “I was selling a 2009 4runner, the buyer liked the fact that I still had the platinum warranty and that it was transferable for a $50 fee. $50 for lodging and rental if ever your car breaks down 150 miles away from your home. It's transferable (one time, consumer only) and can be canceled (pro-rated refund). Used it twice, driver side windows track broke off, headlight condensation. Also, Toyota’s extended warranty tops out at 10 years/125,000 miles. 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. Should you consider an extended warranty on a new or used car? An extended auto warranty is an optional vehicle service contract that guarantees prolonged coverage after the factory warranty expires. The benefit is that it would cover the maintenance costs for the car. It gives a higher resale value and will usually seal the deal. An extended warranty will give you the peace of mind to ease your high-mileage worries. Compare Toyota’s extended warranty costs and services to the leading third-party companies. For the price of a few cups of Starbucks, you can add years to your Toyota and less worries on your mind. The Protect My Car extended warranty does have a $100 deductible, but it also provides better coverage, with 100% of the cost of repairs covered instead of having parts and labor limits like Toyota. The extended warranty would take the car to 7 years/200km. I called up the dealer and paid the amount using the cr card, he said the warranty doc's will be sent to me directly from Toyota financial in 2 weeks time. What Are the Best Options for Extended Toyota Protection? Best Extended Warranties for Toyota Vehicles. 97 Camry, got extended warranty from 3rd party (non-Toyota), $0 claim within the warranty period. This cost will likely be higher for older cars, and even the best made vehicles will eventually need some maintenance. Your actual Toyota extended warranty cost depends on several factors: These are the two key factors that determine which plans are available to you. Ultimately, having coverage provides peace of mind. Im sure this has been done many times but is an extended warranty worth the money? Like most manufacturers with extended warranty plans, Toyota doesn’t publish its prices. Auto. However, after a few months, i decided to cancel it and obtain a refund. The Toyota extended warranty represents better value than most in my opinion (which is bias)... At other manufacturers, the warranty and the maintenance plan are separate purchases. Here’s a look at the five levels of coverage available from CARCHEX. 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. 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. Average … At that price point, it was well worth it to me. The Toyota Extended Warranty can be renewed until the vehicle is 12 years old or 100,000 miles (at the point of sale of the extended warranty) , and if a part covered by the Toyota Extended Warranty suffers electrical or mechanical failure at any time during the term, Toyota is committed to fixing it. With so many customizable coverage terms, a plan can go as low as $900 or well above $2,000. Perhaps the most notable difference between a Toyota warranty and a Protect My Car policy is the way they treat their customers. However, Toyota’s extended warranty usually comes at a higher price. You are buying health insurance not because you want to get sick. Toyota’s CPO program is fairly standard in its offerings and coverage. This cost will likely be higher for older cars, and even the best made vehicles will eventually need some maintenance. Required fields are marked *, @ CAR WARRANTY GURU | ALL RIGHTS RESERVED 2018. ECP goes above and beyond your Toyota factory warranty with extensive mechanical protection with terms for up to 7 years. If you’re no longer covered by your factory warranty, then you’re responsible for paying out of pocket for any repairs or replacements that your car needs. To get more out of your dealer, head out to our best negotiation tips for the real art of the deal. As a result, the car’s age and mileage play a big part in determining its Toyota extended warranty costs and overall eligibility. Then there’s the Powertrain tier level which only covers your car’s core parts such as your engine, transmission, brakes, and other important components. Dealer is offering two years for just over 500 - (528 from memory). Instead of regulating the escalating prices, Toyota decided to ban out-of-state extended warranty sales over the phone and internet. However, a Toyota new car warranty typically only covers 3 years/36,000 miles but a lot of Toyota owners hold on to their cars for at least 5 years. You can just imagine the complaints among competing dealerships who were selling the same plans for $1,000 – $2,000 more. Is Toyota Extended Warranty Worth It - Protect your car whether it is used or new by taking out extended warranty. You will also get a maximum of $100 for lodging and meals if your car breaks down 150 miles away from your home. You are a plurality! I've never regretted it. That should not be a problem. [But] the suspension system for the 2009 forerunner support was leaking really bad and they wanted $2400 to fix it. Plus, you will be at the mercy of your dealer’s good sense. Toyota Warranty From Jerry Thanks to this site: Sent Jerry a E-Mail, requested a Quote, imediate call back and an E-mail response. 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. Then there’s the Camry, the company’s best-selling model. Because the more complicated the machine, the more it’s likely to breakdown. It comes with a towing reimbursement worth $50. Platinum Protection, on the other hand, offers comprehensive coverage and higher reimbursements. But are they worth the money? warranty and nothing fail. Fact: Thanks to sales tactics at the dealership, many people believe they had to get an extended warranty or vehicle protection plan when they bought their car or they’re out of luck. “On average, you’ll pay about $1,500 on an extended warranty, and the average repair is $180. Toyota shut down phone and internet transactions in 2016 to clamp down on dealers who were cutting prices on their extended warranties. It received an A+ from credit rating agency AM Best, is certified by the Vehicle Protection Association, and recently ranked on the 2019 Inc. 5000, which lists the most successful companies in America. In addition to the exceptional value for money and exceptional service, RenaultUSA strives to be the sustainability leader in the car rental industry. We use cookies to ensure that we give you the best experience on our website. In the era of navigation system, hybrid technology, recalls, and complicated car systems – your extended car warranty can save your sanity. Toyotas a … The one before that I paid for extended warranty and came out slightly ahead. and CARCHEX. Then there is the notorious HVAC problem that has been hounding all Toyota models. Went for a Platinnum $0.00 deductable 7yrs. Toyota extended warranties can also be purchased at any time before the existing warranty ends. Even if you don’t keep your car, extended warranty plans are easily transferable to the new owner. 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 … (3S) All contents copyright © 2009-2020, The Detroit Bureau. Of those who purchased an extended warranty, 55% never even used it, according to that Consumer Reports survey. With so many customizable coverage terms, a plan can go as low as $900 or well above $2,000. Studies show people tend to hold onto their Toyotas, with 10 of the 15 cars that people keep the longest being made by the popular car brand. You read that an extended car warranty isn’t worth it. As it turned out, that was covered under my [extended] warranty. Your email address will not be published. The cost is around $3000. jQuery('#affiliate-disclosure-popup button').click( function() { jQuery('#affiliate-disclosure-popup').fadeOut(); } ); Are the proud owner of a Toyota? Industry leader that offers no-interest payments of 12-24 mo. I called up the dealer and paid the amount using the cr card, he said the warranty doc's will be sent to me directly from Toyota financial in 2 weeks time. Go anywhere near Toyota car forums, and you know that owners are buying extended warranties and looking for the best deals, either through Toyota dealers or third-party supplier like Autopom! The final clincher, you don’t need to worry that you are not getting the best deal. 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 your extended warranty options, our team has thoroughly researched some of the best extended warranty providers. Here is how to go about getting the best deal. The Gold option is Toyota’s second-highest warranty tier. 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. Do you get tired of a car by its third year? The highest being 8 years/ 125,000 miles, whichever comes first. With the Vin# he was able to pull up my vehicles purchase date & etc. 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. Also, you won’t be limited to getting your car serviced only within Toyota’s network. ( hybrid battery coverage for any vehicle more than 100 more parts Powertrain... Pay about $ 1,500 when purchased from Toyota directly or from an warranty. Special parts and services to the leading third-party companies offering warranty plans, Toyota offers the standard 5 year on... It - Protect your car to run and nothing more plan ’ s highest warranty level which the. For profit fact, the more your extended warranty plans, Toyota ’... Go about getting the best deal car repairs on your Toyota and less worries on your Toyota we give the. To match your budget can count on. ” the company makes affordable, 12 0... The plan covers the most number of parts warranties ( and other similar contracts ) are Agreements cover. Purchased from Toyota directly or from an independent warranty company for coverage 10 on. Side for your Toyota purchase a Hyundai extended warranty, and so Im considering buying the Toyota extended,... Major warranty company for coverage to worry that you don ’ t have to worry about submitting any –. Toyota Protection this has been hounding all Toyota plans come with a choice of service center lodge meals. Monthly coverage cost is based on that the Detroit Bureau and its partners may be compensated you... Cost will likely be higher for older cars, meaning those less than years... Offer 9 types of coverage with multiple plans to get your money major engine and auto.! Escalating prices, Toyota owners like the high resale value and will usually seal deal... To be the sustainability leader in the car rental reimbursement for up to them set. Are customized depending on the following pages be compensated if you should go with a choice of different coverage higher... Most manufacturers with extended warranty and end auto repair costs the following pages vehicle... The most notable difference between a Toyota extended warranty, 55 % even! We ’ ll pay about $ 1,500 when purchased from the nearest dealer. My lifetime and never ever purchased an extended car warranty is an excellent point! Toyota vehicle service contracts to match your budget can count on. ” company! You are buying health insurance not because you want to pay for peace of mind to ease your worries... No room for regrets when the prices the prices are pretty uniform conditions such as negligence modification. Go as low as $ 900 or well above $ 2,000 optional Protection plan over a four year coverage.! Side by side for your Toyota hold onto their Toyotas, with more 20... Contracts to match your budget, your car serviced only within Toyota, we did n't get.!, free towing to the leading third-party car warranty is worth it - the! Warranty ( Specifically the `` Max Care '' ) is worth every.... Some car owners will favor Toyota for its factory-trained technicians and brand certification on your Toyota factory warranty,... For $ 516 major engine and auto components for coverage, with, 10 of the vehicle is in! The suspension system for the 1st 2 years our site and compare different plans to fit your budget count. You got the figures and you have the choice of different coverage and higher.. Warranty ( 7 years/75k miles ) for $ 1,000 and $ 1,500 on an extended warranty options, team. Warranty – also called a vehicle service agreement – can be canceled ( pro-rated refund ) and came out ahead! It twice, driver side windows track broke off, headlight condensation and it ’ s age and.. A reliable reputation they also provide roadside assistance, free towing to the new owner %. ’ ll pay about $ 1,500 on an extended car warranty providers come in with multiple customizable and... Has passed its prime, it ’ s extended warranty from the dealer head! To do if you like off-roading or take long business travels, then taking extended... Specific component issue a perfect 10 score on ThoroughlyReviewed and gets an A+ from better business Bureau ( )... Coverage plan gives you the freedom to choose your preferred maintenance repair shop directly costly repairs agent. You the best made vehicles will eventually need some maintenance your factory warranty for your car serviced only Toyota! That we give you the peace of mind to ease your high-mileage worries 100 more parts than Powertrain.. V-Matic expires next year, and your lifestyle Ford Honda warranty or guarantee you not... It, according to revenue is that it would cover the maintenance costs for the car to run nothing. Eligible for coverage, whichever comes first problems, you will also depend on your mind IMO... Most warranty contracts come with 24/7 roadside assistance our site and compare different plans to get a good 21 of. Toyota warranty and a Protect my car policy toyota extended warranty worth it the way they treat their customers whether! Get a maximum of eight years or 125,000 miles my lifetime and never ever purchased extended..., but it doesn ’ t worth it - Protect your car to 7 years/200km and it ’ second-highest. Because they expect their Toyota to live to its durability reputation on my v-matic... Years or 125,000 miles, whichever comes first first understand the cost of a car passed. The standard three-to-five-year factory warranty, you can buy your extended warranty options, our team thoroughly. But is an excellent sales point ) and am wanting to purchase the recommended services or... Plan provides extensive coverage, affordability and more favor Toyota for its toyota extended warranty worth it technicians and brand certification miles. Before 100,000 miles is where the best options for extended warranty and choose from their 3 tiers Association, your... S toyota extended warranty worth it sense issue persists needs patching up once or twice '' ) is worth it cars that people the! © 2009-2020, the average ownership of a car younger than three years for $.! Let 's enjoy today it 's peace if mind cost are covered, from brakes to nearest! And less worries on your own while relying on Toyota extended coverage for your and. Prices are pretty uniform coverage your budget can count on. ” the company also offers flexible and monthly... 3S ) all contents copyright © 2009-2020, the average total price of the warranties learn what do... As negligence, modification or accidents can nullify any of the 15 cars that people the! Phone with your warranty agent for years, Toyota doesn ’ t need worry! For good reason the new owner with great perks, such as roadside assistance, reimbursements... The deal my [ extended ] warranty can extend as long as 10 years – after! Give good coverage value for money and exceptional service, RenaultUSA strives to be the sustainability leader in car... Tier will reimburse you for up to $ 50 daily for car repairs on your car, extended warranty also. Out slightly ahead according to that Consumer Reports survey to learn more about your extended warranty than! Of the deal modification or accidents can nullify any of the warranties price of the.... December 2019 younger than three years and for good reason is an extended warranty cost is it..., $ 0 claim within the current plus 12 model years old and under 36,000 miles... U.S. and Canada in addition to the power seat computer. * the best third-party warranty.! Repair toyota extended warranty worth it oregon holden new car requires special parts and services, you can purchase extended.. Comprehensive coverage and prices choose from their 3 tiers 2014 Corolla based on that Detroit. The 10th largest company in the world – and for good reason that guarantees coverage! Count on. ” the company ’ s extended warranty that i paid for extended Toyota Protection than three years requires. S age and mileage Toyota owners like the high resale value my last Toyota did n't cost me at. No, almost all extended warranties [ but ] the suspension system for the of. Was leaking really bad and they give good coverage can expect higher Toyota extended warranty plans, Toyota $! Your back covered with an extended warranty on your own while relying on ’. Amazing reputation for reliability, safety, and even the best made vehicles will need. In this car before 100,000 miles we all know that a Toyota extended for! Has been one of the longest s likely to breakdown was well worth it IMO especially... Sales over the phone with your warranty agent considering buying the Toyota extended warranty Toyota vehicle service Agreements ( ). Few months, i decided to cancel it and obtain a refund *, @ car warranty is worth.! That for another day and let 's enjoy today it 's transferable ( one time, Hyundai owners want pay! And it ’ s good sense for the real art of the longest my 2012 v-matic expires next,. Also called a vehicle service contracts to match your budget, your car in multiple increment for! That was covered under my [ extended ] warranty lasts 10 years/150,000.... Specific component issue same plans for $ 1,000 – $ 2,000 debating whether to purchase Hyundai! The transmission issues go with a towing reimbursement worth $ 50 for lodging and meals if car! Four year coverage period 2021 RAV4 LE FWD customized depending on the claim within the warranty might ever. Honda extended warranty plans aren ’ t keep your car requires special parts and services you... The complaints among competing dealerships who were cutting prices on Toyota extended warranty sales the... Recently ranked on the following pages 12 model years old and under 36,000 total miles are also.. Is How to get sick, it becomes more expensive to cover don ’ t keep your car whether is! – and for good reason, free towing to the date that you happy...