Is Lexus Extended Warranty Worth It

If you own a Lexus or are considering purchasing one, you are well aware of the durability of the cars. Because Lexus is a part of Toyota, it has access to all of Toyota’s engineering resources. Numerous repair facilities across the United States can operate on Lexus automobiles, and parts are widely available.

Given that drivers spend an average of $551 annually on maintenance and repairs, RepairPal rates the reliability of Lexus cars at 4.0 out of 5.0. Impressive for a luxury manufacturer, Lexus’ average is about $100 less than the average cost across all brands.

Nevertheless, no auto component lasts indefinitely, so a mechanical failure is still a possibility. According to statistics from RepairPal, the following Lexus repairs are possible:

If you intend to drive your Lexus for at least 100,000 miles before selling it, an extended warranty can be worthwhile. Having the extra insurance can assist you in paying for repairs so you can keep using the car for as long as it lasts. Many customers also benefit from the piece of mind that comes with knowing that a variety of repairs are covered and that they don’t need to deal with paperwork or haggle at the shop.

Lexus Factory Warranty Overview

Another thing to think about is your current insurance. An extended warranty for your Lexus is not a wise investment if you don’t intend to keep it after the manufacturer warranty expires.

Several factory-backed warranties are included with all new Lexus vehicles:

  • Basic limited warranty: 50,000 miles/4 years
  • 4 years/unlimited miles of roadside assistance
  • Warranty on the engine: six years or 70,000 miles
  • 6 years/unlimited miles of corrosion perforation
  • Warranty for hybrids: 8 years or 100,000 miles
  • 12 years and 12,000 miles of adjustments
  • 12 months/unlimited miles of parts warranty
  • 10 years/150,000 miles on a hybrid battery

Any other private party that purchases the vehicle is eligible to receive these Lexus warranties as well. There are no fees associated with the automatic transfer.

Lexus Hybrid Warranty

Additionally, Lexus provides good coverage for hybrid cars. The battery voltage sensor, power management control module, and inverter with converter are all components of the hybrid power system. While the battery itself is protected for 10 years or 150,000 miles, it is covered for eight years or 100,000 miles.

Lexus Certified Pre-Owned Warranty

An L/Certified vehicle, commonly referred to as a certified pre-owned (CPO) Lexus, is a cost-effective option if you don’t mind purchasing a used car. If the six years or 70,000 miles remaining on the powertrain warranty, a Lexus may be certified.

All CPO Lexus owners receive an additional two-year certified warranty with unlimited miles in addition to whatever is still covered by the base warranty. The basic warranty for a Lexus is the same as this one.

Why is purchasing an extended warranty never a good idea?

You might believe that purchasing an extended warranty will save you money. After all, your treadmill will be repaired or replaced without charge. But if you paid extra for it, it’s not really free. The cost of extended warranties is excessive and increases quickly. Consider how much money you would be wasting if you purchased extended warranties for every gadget, appliance, and device in your home. But what if you choose to save that cash instead? If you really needed to, you could pay for a new washer and then some.

Additionally, the salesperson typically keeps half of the profit on the extended warranty rather than giving it to you. Because selling extended warranties at the register generates significant revenue for businesses, they encourage their salesmen to do so. Conclusion: Purchasing an extended warranty is a complete scam that solely benefits the business that sold it to you.

Can I revoke my extended warranty on my Lexus?

CANCELLATION. Within 30 days, you can cancel your VSA and receive a complete refund less a $50 processing fee (as permitted by state law). If cancellations are requested more than 30 days after the issue date, they will be prorated. For information on the cancellation procedures in your state, contact your dealer.

What is a Lexus warranty void for?

What is a Lexus warranty void for? If non-original parts are put on the car, the extended warranty coverage is worthless, much as the manufacturer warranty on a new Lexus. Damage from incorrect repairs also voids it.

What business does Lexus employ for their extended warranties?

One of the best third-party warranty providers with adaptable choices for Lexus automobiles is CARCHEX.

The wide range of coverage levels offered by CARCHEX, which are simple to research on the company’s website, is one of the company’s main advantages. There are multiple plan possibilities for each level, for a total of 16 contracts.

  • Powertrain protection in bronze
  • Gold: The best option for vehicles with over 60,000 miles
  • Silver: Includes the key systems.
  • The highest degree of protection, equivalent to a bumper-to-bumper warranty, is titanium.
  • Platinum: Consists of numerous components

You can acquire coverage for a maximum of 10 years with any of the coverage levels, with the exception of the Silver and Bronze plans. If you don’t require a lengthy warranty, choose a shorter duration to save money.

To obtain prices for a 2016 Lexus ES 350 with 48,000 miles, our review team called CARCHEX. We received a price for $187.84 for 18 months with a $100 deductible for the Titanium plan, which provides coverage for 7 years and 125,000 miles. We were given an estimate for $182.78 for 18 months with a $100 deductible for the Silver powertrain plan, which provides coverage for 6 years and 100,000 miles.

The business offers a number of flexible payment options, including a no down payment option. You won’t be required to pay anything to the repair facility when you take your vehicle in for repairs. All claims are handled by the company, minus your deductible.

CARCHEX distinguishes itself from other competitors in the field of customer service. The business boasts accreditation and a BBB A+ rating. The CARCHEX customer service employees were helpful and didn’t push us to make a purchase when we contacted with queries. The organization has over 20 years of expertise in the field and is well-versed in its nuances.

You are entitled to a refund if you are dissatisfied with the coverage. A 30-Day Money Back Guarantee is offered by CARCHEX to back up its service and merchandise.

Cover routine maintenance.

Under normal driving conditions, coverage includes tire rotations, multi-point inspections, oil and filter changes, and any other services listed in the Scheduled Maintenance Log of your Lexus Warranty and Services Guide. 3

Receive personalized service reminders.

Reminders for scheduled maintenance are tailored to your individual driving style. Simply show your Lexus Luxury Care card at your local participating Lexus dealership when it’s time for a visit.

How long do you want to be covered?

While a complimentary service is included with every qualified new Lexus4, Lexus Luxury Care provides additional coverage for a significantly longer period of time, up to 5 years and 90,000 miles (whichever comes first) from the date of first usage. 5

Does the battery fall under the Lexus extended warranty?

Batteries are not covered as part of the Lexus Parts Warranty. Repair or replacement that is required due to a defect in the service part is covered, subject to exclusions.

Does the warranty for a Lexus include brakes?

The following systems are covered for repair or replacement on certified pre-owned Lexus cars for a period of six years, regardless of mileage: the engine, transmission, steering, brakes (except rotors and pads), fuel system, cooling, A/C, and heating systems.

Are new car extended warranties worth it?

Extended warranties are ideal if you need extra protection or can’t afford the cost of unforeseen repairs, regardless of whether you drive a new or old automobile. Without an extended warranty, it could be challenging to cover the cost of necessary repairs, replacement parts, and labor after a manufacturing guarantee ends.

Getting an extended auto warranty, like one from market leader CARCHEX, takes care of this worry and guards against pricey repairs. Additionally, it takes the effort out of doing tedious paperwork and haggling with technicians to get a fair price.

Do extended auto warranties have any value?

Generally speaking, extended auto warranties aren’t worthwhile financially. According to a Consumer Reports poll, the majority of individuals who acquire an extended warranty save less on repairs than they paid for the agreement.

An extended car warranty is probably not worthwhile if you drive a dependable vehicle and keep enough money in savings to cover an emergency auto repair. Similarly, if you already have a dependable technician or have insurance that provides comparable benefits, you might not need an extended warranty.

However, choosing to buy an extended warranty isn’t necessarily only a financial one. For some people, the cost of mental tranquility may be worth it. You might feel more at ease purchasing an extended warranty if your car isn’t the most trustworthy. Just be certain that you are aware of the history of the car and your personal priorities.

Does the windshield crack fall under the Lexus warranty?

The expense of fixing small chips and cracks in your front windshield that were brought on by flying rocks or other road hazards is covered by windshield repair.

5Restrictions apply, such as the fact that only the front windshield is covered for repairs. There are exclusions, such as the exclusion of stress cracks and cracks larger than six inches. For more information, consult your agreement or ask your dealer at the time of purchase.

Does Lexus offer supplemental warranties?

Yes, Lexus does provide an additional warranty. Extra Care Platinum, Extra Care Gold, and Extra Care Powertrain are the three levels of Lexus’s extended warranty protection.

Although Lexus doesn’t publicize the price of additional protection, our research team has found that the majority of extended vehicle warranties range in price from $1,800 to more than $3,000 overall. You might have to pay more for extended warranty coverage because Lexus is a luxury vehicle.

Three Lexus extended warranty packages are available. While the most basic plan just covers the powertrain (containing the engine, gearbox, and drive system), the most comprehensive plan covers the majority of mechanical problems.

Some of the most trustworthy cars on the market are Lexus autos. Despite this, extended warranty protection for Lexus vehicles can still be useful if you can’t afford a costly, unanticipated repair. The value of the additional insurance for you will depend on your individual financial circumstances.

Is the extended warranty refundable?

Anytime you decide to cancel your extended warranty, you’ll receive a prorated refund for the period that was left on your policy. If the warranty was part of your loan, your car payment won’t change, but after the refund is taken out of your balance, you might be able to pay off the car sooner.

To make the cancellation process as simple as possible, think about the following advice:

Check the small print. For information on who to contact and whether there is a cancellation fee, locate the paperwork for your insurance. Call the finance manager who sold you the extended warranty if you just purchased it and you don’t yet receive the contract. You might need to get in touch with the business through phone or letter regarding third-party warranties.

Let’s say “no. Be aware that if you phone a warranty business, you will likely be routed to a department that is trained to persuade you to stay with them. Don’t feel like you have to explain why you’re cancelingjust keep saying it “no.

Get it down on paper. Get a copy of any cancellation forms that you might be required to fill out signed by a dealership employee. Keep copies of any pertinent paperwork, including your cancellation letter or form.

Following up To ensure that your cancellation was successful, schedule a reminder. You can speak with your lender or check your loan statement.