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.
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How much does a Lexus warranty extension cost?
The cost of a Lexus extended warranty, also known as a Car Services Agreement or VSA, varies depending on the region in which you live, the vehicle you want to cover, and the coverage package level you select. On average, though, American drivers may pay between $2,800 and $3,000 for one.
Can I purchase a warranty extension on my own?
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.
Need an extended warranty for your Lexus?
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:
- 6 years/unlimited miles of corrosion perforation
- 12 months/unlimited miles of parts warranty
- Basic limited warranty: 50,000 miles/4 years
- 10 years/150,000 miles on a hybrid battery
- Warranty on the engine: six years or 70,000 miles
- Warranty for hybrids: 8 years or 100,000 miles
- 4 years/unlimited miles of roadside assistance
- 12 years and 12,000 miles of adjustments
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.
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.
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.
Do oil changes go under the extended warranty for Lexus?
It should be noted that obtaining credit does not depend on the purchase of a Prepaid Maintenance voluntary protection product, which is optional and refundable (according to specific agreement terms).
Services offered by participating Lexus dealerships are covered by Lexus Luxury Care. The year or mileage limit of the chosen plan, whichever comes first, is the point at which coverage ceases to be effective.
Your car may benefit from the usage of synthetic engine oil. Changes to synthetic oil might be less frequent. For the recommended oil grade and service intervals per the manufacturer, refer to your vehicle’s Scheduled Maintenance Guide.
The intervals between services are as specified for your plan and car. Terms of the plan start when Lexus Luxury Care is purchased, regardless of mileage. Details can be found in the plan.
For vehicles using conventional oil, coverage extends to 5,000 miles, and for those using synthetic oil, it extends to both 5,000 and 10,000 miles.
The year or mileage limit of the chosen plan, whichever comes first, is the point at which coverage ceases to be effective.
Only the major services covered by the plan you buy are included among the major service intervals.
If the odometer on a new Lexus car is fewer than 13,000 miles for conventional oil vehicles and 18,000 miles for synthetic oil vehicles, the vehicle qualifies for Prepaid Maintenance.
Are oil changes covered by the warranty on a Lexus?
The Lexus Factory Warranty covers all faults brought on by design or engineering errors for 4 years or 50,000 miles of bumper-to-bumper repairs.
Repairs for the engine, transmission, and driveshaft are covered under the Powertrain Warranty for six years or 70,000 miles.
All three of the standard advantages are effective as of the first owner’s date of purchase and are transferable to subsequent owners up to the time or mileage threshold, whichever comes first.
For owners who desire to purchase longer coverage, Lexus offers two extended warranty options and a prepaid maintenance plan.
The engine block, supercharger, transfer case, axles, carburetor, steering, suspension, computers, electronics, and all other repairs are covered by Lexus Extra Care Platinum, with the exception of those specifically specified as exclusions in the contract.
See the list on page 4 of the extended warranty pamphlet below that is titled “THESE ARE THE ITEMS NOT COVERED.”
Similar covered repairs are included in Lexus Extra Care Gold, however there are fewer parts in each category.
Platinum claims had substantially higher success rates, and the extra cost for the extra protection turned out to be worthwhile.
Oil changes, tire rotations, multi-point inspections, and other planned repairs as detailed in each vehicle’s Maintenance Log are all included with Lexus Luxury Care.
There is no charge for scheduled maintenance, however there are two deductible choices for extended warranties: $100 vanishing or $0.
When returning to the dealer that sold the extended coverage, the $100 deductible is waived and not charged; nevertheless, it is charged at other dealers. Up until the price comparison is taken into account, it seems like a good decision.
A $0 copay down the road is only $450 extra upfront, and every tiny breakdown may thereafter be recovered without additional fees!
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.