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.
In This Article...
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.
- Gold: The best option for vehicles with over 60,000 miles
- The highest degree of protection, equivalent to a bumper-to-bumper warranty, is titanium.
- Platinum: Consists of numerous components
- Silver: Includes the key systems.
- Powertrain protection in bronze
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.
Is there a lifetime warranty offered by Lexus?
Enjoy the freedom of worry-free driving with our special lifetime guarantee, which protects your vehicle for as long as you own it, unlimited miles, and at no additional cost.
Does purchasing an extended warranty make sense?
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.
- 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.”
- 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.
- 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.
How long is the extended warranty on a Lexus?
- Three up to ten-year extended warranty plans are available from Lexus.
- Bumper-to-bumper coverage is covered for 4 years or 50,000 miles under the Lexus manufacturer warranty, while the powertrain is covered for 6 years or 70,000 miles.
- Only when the factory warranty is still in effect may a Lexus extended warranty be added.
Powerful engines and opulent interiors are supported by a brand with a reputation for dependability. Having a Lexus extended warranty, however, might lessen the financial burden of repairs when they do become necessary.
The alternative to a dealer-backed plan is an independent extended warranty provider, who may provide more freedom. Discover the basics of the Lexus warranty and your options for extending protection. Get many quotes from the top extended auto warranty providers to discover the best package for your needs. There are many trustworthy suppliers, so do your research. Start with a few of the recommendations from above.
Are Lexus repairs expensive?
In comparison, maintenance and repairs are affordable because Lexus is Toyota’s premium arm. For its low ownership expenses, Lexus received an overall ranking from RepairPal of sixth. Owners of Lexus automobiles pay $551 on maintenance and repairs annually, while expenses rise as cars get older.
You can choose from a number of options to manage your Lexus maintenance costs. To minimize high maintenance expenses, you might want to consider extending your warranty. Although Lexus has its own program, there are several third-party alternatives available that may be more economical.
The most well-known providers were assessed, and we chose a few that stood out above the others. All of our suggestions for third-party extended auto warranties scored highly in terms of features, plan alternatives, industry reputation, and customer support.
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.
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
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.
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.
Why buying extended warranties is a bad idea?
Unfortunately, extended warranties are not all they’re cracked up to be, as the Ramsey Solutions blog argues, and there are a number of reasons you should avoid them.
According to the blog, one of the main reasons to stay away from extended warranties is the likelihood that you won’t actually utilize yours. That’s because the businesses that offer them “did the math” and usually make sure the warranties expire before the majority of the parts are expected to fail.
The extended warranties normally have several coverage exclusions, according to Ramsey’s site, so they are generally not worth the money. You’d be wasting your money by purchasing one because the guarantee might not cover the most frequent problems. The warranty provider could possibly go out of business before you can use it, in which case you would have paid ahead for nothing in return.
Ramsey further cautions that most extended warranties are costly and are a big source of revenue for both the businesses and the salespeople who upsell them to unwary customers.
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 usage of a certain 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.