How To Buy Toyota Extended Warranty

The cost of the Toyota extended warranty can vary depending on your vehicle’s model and trim, just like most manufacturer warranties do. Repair costs may be higher for models with more expensive and sophisticated parts. A Toyota extended warranty typically costs between $1,000 and $1,500, which is a reasonable price for what you get in the industry.

When you buy a new car, you have the option to add on a Toyota extended warranty agreement known as a Vehicle Service Agreement (VSA). There are three different Toyota extended service agreements available. Each is offered to some new, used, and certified pre-owned (CPO) Toyota vehicles and is sold through dealerships.

The coverage choices for both new and used autos are listed below. There is only one protection plan option available for Certified Used Toyotas, which we’ll discuss later.

New Vehicle Service Plans

If a Toyota vehicle is still covered by the factory’s Basic Coverage warranty, it qualifies for a new car extended warranty. This indicates that a vehicle service plan is available for any new Toyota that is under 3 years/36,001 miles old.

You can pick between three different levels of coverage from Toyota:

  • Platinum Extended Warranty: Of all the Vehicle Service Agreements, Toyota’s platinum extended warranty is the most comprehensive. The platinum warranty, which is comparable to a bumper-to-bumper warranty, has adjustable coverage terms that vary from 3 years/50,000 miles to 10 years/125,000 miles.
  • Gold Guarantee: The gold warranty covers many of the parts stated in the contract but isn’t quite as comprehensive as Toyota’s platinum warranty. From 3 years/50,000 total vehicle miles to 8 years/125,000 miles, the variable coverage terms are available.
  • Powertrain Warranty: Covering the majority of the car’s essential parts, including the engine, gearbox, and axle components, the powertrain warranty is the most fundamental of the guarantees available through Toyota’s vehicle service agreements. For 6 years/100,000 miles, this extended warranty offers customizable coverage terms.

Similar to the factory warranty, you must go to a dealership for all repairs covered by your Toyota extended warranty. Deductibles are typically $100 per repair visit, but if repairs are completed at the dealership where the service agreement was first sold to you, they may disappear.

The parameters of coverage are up to you with these policies. For periods ranging from 3 to 10 years and 50,000 to 125,000 miles, turn to Toyota. The Toyota car service agreement also includes a one-time warranty transfer, travel protection, and 24-hour roadside support.

Certified Used Toyota Vehicle Service Agreement

For Certified Used Toyota automobiles, Toyota only provides one vehicle service agreement, as opposed to new and used agreement alternatives. If your Certified Used Toyota is less than six model years old, has a Limited Powertrain Warranty from Toyota, and has a combined mileage of up to 85,000 miles, it qualifies for extended warranty protection.

A Certified Used Vehicle extended warranty is only available for the first 12 months or 12,000 miles. The only place to purchase vehicle protection plans for Certified Vehicles is from your local Toyota dealer.

After the Basic Coverage warranty expires, the Certified Used Toyota Vehicle Service Agreement provides coverage for the majority of your Toyota’s components. To find out more about potential coverage conditions and mileage restrictions, speak to your dealer.

For covered repairs, there is no deductible, and the plan can be transferred once without incurring any additional fees.

Toyota Used Vehicle Service Agreement

Toyota provides substantially shorter lengths of extended protection for pre-owned vehicles compared to new vehicles. You can transfer your plan to a new owner only once, just like with New Vehicle Service Agreements, without incurring any additional fees.

Plans for used cars generally have deductible options of $0 or $100. In addition, if your car is fixed by the same Toyota dealer that sold you the contract, you can be eligible for a disappearing deductible. The dealer has the option to do this and is not required to take part in the disappearing deductible program. Used vehicle service contracts must be purchased concurrently with the vehicle’s sale.

The car must be within the last ten model years, including the current year, and have less than 150,000 miles on the odometer to be eligible for coverage.

  • Terms of Platinum Protection: 60,000 miles or up to five years.
  • Terms of Gold Protection: 60,000 miles or up to 5 years.
  • 2 years or 24,000 miles are the maximum powertrain protection durations.

Can I acquire an extended Toyota warranty after making a purchase?

Toyota, like the majority of automakers, doesn’t disclose the price of their extended warranties on its website. However, according to our study, the typical price range for Toyota extended warranties is $1,0001,500.

Anytime up until the factory warranty expires, which is either 3 years or 36,000 miles, whichever comes first, you can buy a Toyota extended warranty. After the Toyota original warranty ends, you can also buy a third-party warranty plan.

The Vehicle Service Agreement, or VSA, is the name of the extra warranty offered by Toyota. Toyota offers the Platinum Protection, Gold Protection, and Powertrain Protection plans as its three VSAs for both new and used cars.

Your car is protected in the event of a mechanical malfunction or component failure by a Toyota extended warranty. Depending on the level of plan you select, different sections are covered. Up to 10 years and 125,000 miles of coverage are provided by a Toyota extended warranty.

What should the cost of the Toyota Platinum Warranty be?

The price of your Toyota extended auto warranty will vary depending on the make, model, and mileage of your automobile. The most extensive Toyota extended warranty, Platinum protection, costs between $1,500 and $2,500 for eight years, according to online customer reviews. For an extended warranty, the lower end of this range is a great deal, while the higher end is about average for a manufacturer’s extended warranty.

In general, the price of an extended auto warranty decreases with time. An extended warranty won’t be useful until after the original warranty on new Toyotas has expired because it already covers them for 3 years and 36,000 miles.

From dealership to dealership, the average cost of a Toyota extended warranty can vary. You must speak with your neighborhood Toyota dealer to see how much an extended warranty for a Toyota would cost you. Typically, you must purchase this guarantee at the time of purchase or before the Toyota new car warranty (3 years/36,000 miles) ends.

Can you get an extended warranty whenever you want?

Although waiting until the original factory coverage has ended will typically result in paying a higher premium rate, you can get an extended auto warranty at any time. Near the conclusion of the initial warranty period might be the best time to buy. You can then start looking around to see what kinds of coverage and prices are offered for the year and model of your car. This will enable you to compare different policies on the basis of one another. However, it’s crucial that you make a thoughtful decision about where to get an extended warranty policy. Despite the wide range of options, many won’t likely satisfy your needs for a dependable warranty provider. The standard fine language in these contracts ensures that your policy isn’t worth more than the paper it’s printed on. Avoid these businesses at all costs and choose one that is reputable and reliable instead!

The things that fall within each third-party provider’s guarantee for repair will vary. Make sure the type of coverage you select will meet the needs of your vehicle and your budget because there are many different levels of coverage available. A hefty repair bill could occur from purchasing insufficient coverage, which could leave out certain components and parts. If something were to happen, you want to know that you would be completely protected. On the other hand, purchasing excessive insurance may not be the best course of action. Verify the policy’s inclusions to be sure. Ask your vehicle protection specialist if there are any other coverage plans that would better suit your needs if you see that the majority of the parts or components listed do not even pertain to your car.

Check out the list of excluded items, which are things that are not covered. The finest protection, often referred to as a “bumper-to-bumper auto warranty,” is fully comprehensive coverage, but we want to make sure you know that it is also the most expensive. The majority of drivers are aware, however, from their auto insurance bills that the more coverage you add to your car, the more it will cost you. But even the most complete coverage is useless if you purchase it from a shady business. Your insurance won’t be legitimate if the warranty is being covered by a business that might cease operations in a month or a year, costing you a sizable sum of money. Any firm you are thinking about should have a solid financial history and a good reputation for settling claims. Additionally, inquire about the company’s BBB rating and Vehicle Protection Association certification while you’re there. When selecting a protection plan from one of the top extended auto warranty providers, keep these two things in mind.

Can you purchase an added car warranty later?

After your manufacturer’s warranty expires, you can always buy an extended warranty. The majority of contemporary automakers do, however, have a provision requiring car owners to sign up for an extended warranty plan before the manufacturer’s warranty program expires.

If you insist on purchasing an extended warranty from the manufacturer, we advise signing up for it as soon as your factory warranty expires to avoid coverage gaps. You can always get an extended warranty when you buy the car, but doing so will require you to pay interest on a warranty that you won’t be able to use anytime soon. But if it’s a package deal that offers further discounts, go for it.

However, a third-party extended warranty is the best option if you want to always have the option to choose an extended warranty. As long as your vehicle complies with the company’s requirements, the majority of businesses will supply you with coverage at any point throughout your ownership and may even offer extended warranties for used cars. CarShield is one of the greatest alternatives.

What does the Toyota extended warranty cost the dealer?

The cost of a Toyota extended warranty is determined by a variety of factors. First, the price will vary according to where you purchase the warranty. When you purchase your Toyota, you have the option of using a third-party supplier or purchasing protection directly from the Toyota dealership.

According to estimates, a Toyota extended warranty purchased from the dealer will cost between $1,000 and $1,500. Typically, this cost is included in your financing, and you must pay interest on it.

The lack of conflict of interest with a third-party source will help you pay less overall. The capability to compare shop is another key advantage you have with third-party providers. Toyota won’t be providing you with vehicle service contracts from other warranty administrators, after all.

The cost of a Toyota extended warranty is actually not very high. For a lot less money than you would have anticipated, you can acquire full coverage. According to CARCHEX’s assessment from 2018, the average monthly insurance premium for a Toyota model from 2007 to 2014 was just $56. That not only makes sense financially, but it also gives you total peace of mind.

When looking for an extended third-party auto warranty, bear in mind that the following things will effect the cost:

  • Toyota brand
  • your Toyota’s model year
  • selected coverage level
  • the deductible sum
  • the state of your vehicle

How valuable is the Toyota service plan?

According to RepairPal data, annual maintenance expenditures for Toyota vehicles average $441, which is significantly less than the $652 average for all automakers. This cost takes both routine maintenance and unplanned repairs into account. A breakdown of the potential out-of-pocket costs for various Toyota maintenance services may be seen below.

Although you won’t have to pay for each of these services at every vehicle inspection, tire rotations, oil changes, and filter changes are very standard maintenance that must be done at least once a year.

The best way to decide whether ToyotaCare Plus is worthwhile is to request a quote from your nearby Toyota dealership and attempt to calculate whether the cost would be greater than what you would have to pay out of pocket for repairs during that time period. This is because ToyotaCare Plus only covers maintenance services for two years.

Is Toyota covered by a ten-year warranty?

An industry-leading warranty package that offers up to 10 years of coverage for new and used cars, vans, and pickup trucks has been introduced by Toyota and Lexus.

Every time a car is serviced at a Toyota or Lexus dealer, the “Relax” program extends its warranty by a full year. Vehicles are eligible for the program until they are 10 years old or have logged 100,000 miles, and there is no additional fee for it. Servicing costs are also unaffected.

What is the Platinum package from Toyota?

The inspections are more crucial than is frequently thought because problems can be found and fixed while the car is still covered by the entire manufacturer guarantee from Toyota.

Toyota offers three Extra Care options to help customers who intend to retain their cars for longer cover the cost of repairs over and beyond the standard warranty.

The highest level of electrical and mechanical breakdown insurance provided by Toyota is the Platinum Warranty.

Repairs of the engine, transmission, computer, air conditioner, radiator, fuel system, steering, suspension, electrical, and all other non-exclusionary parts are covered by the plan in terms of both parts and labor.

The Gold plan features a long list of components that are covered, but unlike the Platinum plan, it does not cover items that are not on the list.

This would be a good option for a base model Corolla, but a Sienna with all the bells and whistles will soon require repairs that are not covered by this option.

The engine, transmission, and axle assembly are the three primary components of this simple plan that enable the vehicle to move.

Owners who select this plan will eventually have to pay for repairs out of pocket, but at least the most costly issues are covered.

The $100 deductible only applies when repairs are made somewhere else, and it vanishes when the owner goes back to the selling dealer.

Although it only costs $250 more up front to get the $0 plan, the greater deductible appears to be the better option.

What is the price of the Toyota Platinum Warranty?

Retail Market Value for six years or one hundred thousand miles: