Given the dependability of Toyotas, an extended warranty can be worthwhile for added security. If you can, you might do better to put money aside to cover the cost of your own repairs.
In This Article...
The quality of the Toyota warranty.
Do you intend to get a Toyota extended warranty? Our review team explores the specifics of Toyota’s extended warranty plans in this article, as well as how they stack up against those offered by other top warranty providers. We’ll also go over why getting a third-party extended warranty is preferable to getting one from the manufacturer.
Extended Warranty from Toyota:
Every new Toyota comes with a bumper-to-bumper warranty for three years and 36,000 miles. However, the firm provides supplementary insurance for up to 10 years/125,000 miles for drivers who choose to prolong that coverage. To help drivers avoid unforeseen pricey repair expenditures and keep their peace of mind, Toyota offers a variety of coverage choices.
Visit our analysis of the top extended auto warranty companies to discover how Toyota’s coverage stacks up against leading third-party firms.
Toyota Takes Durability Seriously But…
Owners choose to purchase long-term extended warranties because they anticipate their Toyota to live up to its reputation for durability. That shouldn’t cause any issues.
Although the normal Toyota new car warranty only lasts for three years or 6,000 miles, many Toyota customers keep their vehicles for at least five years.
Toyota Offers a Good Brand Extended Warranty But…
The three grades of the Toyota extended warranty provide solid coverage. The age and mileage of your car will also affect the costs and scope of the coverage.
Platinum
Toyota’s top warranty tier, the Platinum level, covers the most parts. This offers numerous tiers of coverage for your car. The longest being, whichever comes first, 8 years or 125,000 kilometers.
If you drive a brand-new vehicle or one that is less than three years old, it is preferable to get the Platinum coverage. If you have less than 36,000 miles on your mileage, the plan is still a wise decision.
Features of Platinum Tier:
- offers unrestricted free towing from the neighborhood dealership.
- Transferable Platinum plans exist.
- If your car breaks down 150 miles from your house, you will also receive a maximum of $100 for hotel and meals.
- If you rent a car, the Platinum tier will pay up to $50 per day in case there are technical problems.
Gold
The maximum coverage period under the plan is eight years or 125,000 miles, with various increment options available. According to Toyota, if your car is three years old or younger and has less than 36,000 miles on it, you should get this.
- If a mechanical problem continues, you may be compensated up to $35 each day.
- Second owners are also eligible to use your warranty.
- If you are 150 miles from home, Toyota will also pay up to $50 for lodging and meals.
- It includes a $50 compensation for towing.
Powertrain
The Powertrain tier level only includes your car’s basic components, including the engine, transmission, brakes, and other crucial elements.
To put it another way, this plan just covers the components necessary for your car to function. If your vehicle is less than three years old, it is preferable to purchase an extended warranty. also if you have 36,000 miles.
- It includes a $50 towing reimbursement.
- Up to $35 per day is reimbursed for car rentals.
- Offer coverage for six years or 100,000 miles, whichever comes first.
- If your automobile ever breaks down 150 miles from your house, you will be reimbursed $50 for lodging and rental.
Does purchasing an extended warranty pay off?
Extended warranties are often “a lousy value” when it comes to the overall cost of your car, according to Gillis. 55% of consumers who bought an extended warranty in a Consumer Reports poll never used it. Most people who used the guarantee ended up spending more on repairs than they had originally saved.
Additional negatives include:
- Exclusions: The fine language in every contract outlines how the warranty may be applied. For instance, the provider can refuse to pay for issues brought on by regular wear and tear or lower the claim settlement in light of your car’s depreciation.
- Limitations: You might need to bring your automobile to a repair facility that has been approved by the warranty instead of choosing your own technician.
- A percentage of the repair expense may be covered by some extended warranties. The remainder, along with a deductible, is your responsibility.
- A Consumer Reports poll found that 55% of those who purchased extended warranties never used them.
- Overlap: If you already have coverage from the manufacturer’s warranty or a mechanical breakdown insurance policy, you may not need the extended warranty. In that situation, Gillis claims that “the additional coverage is not worth the premium.”
What does “Toyota Certified” mean?
So what distinguishes a certified Toyota from a regular used automobile in the eyes of buyers? To begin with, Certified Pre-Owned Toyota automobiles go through a rigorous inspection both inside and out. To ensure that only the best low-mileage vehicles are chosen, Toyota uses a 160-point quality assurance inspection. As a result, certified Toyotas are offered with exceptional warranty coverage.
Three parameters safeguard the caliber of your old car:
Warranty from Toyota Certified. A 12-month, 12,000-mile limited warranty and a 7-year, 100,000-mile powertrain warranty are also offered with certified Toyota vehicles. Toyota offers you security measures. Roadside Assistance is further included in the certified program warranty for a full year. More than 1,400 Toyota dealerships in North America respect this guarantee.
Guaranteed low mileage on newer models. The Certified Program is only available for a small portion of Toyota automobiles. The first step is to reduce the number of vehicles by mileage. A car must be less than 85,000 miles old and six years old or newer. Additionally, all certified vehicles are reconditioned to Toyota quality standards both inside and out.
CARFAX Evaluations A CARFAX vehicle history record review is required for any Toyota car that is being reviewed for certification. This provides crucial information about the car, including whether it has received regular maintenance, whether the title is clear, and the car’s accident history. This is yet another factor that eliminates less often used vehicles.
What does the Toyota warranty not cover?
The guarantee does not apply to parts of your car that need to be fixed or replaced due to wear and tear from use. Brake pads, brake rotors, batteries, wiper blades, hoses, air filters, oil filters, lightbulbs, and fluids are some examples of the things that fall under this category. Additionally, any repairs brought on by a collision, vandalism, or negligence are not covered by the guarantee. As a result, it’s crucial to get your car maintained at the dealership in accordance with the manufacturer’s guidelines.
What renders a Toyota warranty invalid?
The warranty coverage on your vehicle may be negatively impacted by the installation of race or off-highway use parts. The installation of Race or Off-Highway Use Parts on a vehicle, as well as any malfunctions they might cause, are not covered by the car warranty.
Can you subsequently purchase a Toyota extended warranty?
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 is the price of the Toyota Platinum Warranty?
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.
What is covered by the Toyota 100000-mile warranty?
Limited Powertrain Warranty for 7 Years and 100,000 Miles covers all internally lubricated parts as well as main engine and gearbox components. provides travel insurance with payment for housing and meals while traveling more than 150 miles from home.
Why buying extended warranties is a bad idea?
Purchasing an extended warranty is rarely worthwhile. Products don’t malfunction on their own, and when they do, repairs are typically less expensive than purchasing an extended warranty.
Yes, some customers have used extended warranties to significantly reduce their costs. I love that! But pause for a second and consider why a business would provide you with an extended warranty. The reply is that they are financially successful.
It’s usually preferable to forego the extended warranty and instead utilize the additional money to start an emergency fund. Nevertheless, each circumstance is unique, and some extended warranties are more helpful than others. We have investigated some well-known products that typically come with extended warranties in order to determine whether they are worthwhile.
What are the justifications for not purchasing an extended warranty?
When you are leasing, it is the most clear situation when you don’t need an extended warranty. You don’t need to buy additional protection if your lease is for three years and 36,000 miles and your manufacturer’s warranty is also for three years and 36,000 miles. If the dealer tries to sell it to you, it is actually a scam.
You will receive the same amount of value in return, so you might as well simply toss your money in the trash. Since an extended warranty doesn’t begin until the manufacturer’s warranty has expired, you would essentially be purchasing a plan that offers no coverage at all.
Recall your lease’s mileage restrictions! The original coverage will terminate if you go above the limit before the lease expires. If you are likely to significantly exceed the mileage limit, leasing is probably not the best option because you’ll end up paying a lot in over mileage fees.
In the event that you disregarded our advice and signed a long-term lease, you will need to look into getting extended insurance.
Why should I avoid extended warranties?
Before buying, be aware of the manufacturer’s warranty. According to federal law, you must have access to the manufacturer’s warranty before making a purchase. When reading it, take notice of the warranty’s duration (usually 90 days or so), the items it covers, and if the seller would make a repair, a replacement, or a refund.
When a problem arises, it is important to get in touch with the manufacturer because some companies still fix products even after the warranty has expired. Remember that some extended warranties just repeat the protection that the manufacturer’s plan currently provides.
Verify if you already have extra protection with a credit card. Check to see if the card issuer extends the warranty if you purchased the item with a credit card. Many people do so for a year or longer. Call customer support to find out if your card offers such a benefit if you are unsure. Alternately, use an app like Sift, which will inform you of the warranty’s duration before you make a purchase with a particular card.
Check the small print. Your perception of extended warranty coverage may not be accurate. Extended warranties may have several exclusions that reduce the value of the service. According to the Federal Trade Commission, insurance firms may be allowed to reject a claim if you haven’t adhered to their recommended maintenance schedules or accidental damage may not be covered by the policy.
Your use of a particular service provider or repair facility for service may also be mandated by the warranty.
Richard Alderman, director of the Center for Consumer Law at the University of Houston, warns that if you don’t reside in a big city, you could have to carry the merchandise to an inconvenient location. Despite the fact that shipping isn’t included, you might need to ship it somewhere.
One out of every five customers who use an extended warranty is not happy with the repair, and getting it corrected can take a while or many attempts. The possibility of the warranty provider going out of business exists as well.
However, repairs are typically not too pricey. Going without one isn’t a major risk because the cost of needing a repair without an extended warranty isn’t very high.
Also take into account the location of the product’s purchase. Find a store that accepts returns for damaged goods. Even years after the original purchase, stores with the friendliest return policies will still take back damaged goods because “not every firm is out to get you,” says Bob Hunter, director of insurance for the Consumer Federation of America.