Subject to the terms of the warranty and our approval, the Lexus Premium Care Administrator will transfer the warranty to the new owner if you sell your car privately while your warranty is still in effect. Please make sure to fill out the information for the “Vehicle” and “Existing Owner(s)” below.
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Transfer of extended warranty to new owner?
Even if it is possible, an aftermarket warranty is never automatically transferred to the new owner. The original owner of the car will typically need to get in touch with the warranty provider and give permission for the warranty to be transferred.
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
- Platinum: Consists of numerous components
- The highest degree of protection, equivalent to a bumper-to-bumper warranty, is titanium.
- 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.
Refunds for the Lexus extended warranty
The brand’s version of an extended warranty is the Lexus Vehicle Service Agreement (VSA). Extra Care plans offer three different coverage tiers. After the original manufacturer warranty expires, drivers may receive many more years of coverage under a VSA warranty.
includes protection for the powertrain as well as components including the steering, fuel system, brakes, and more.
covers only the components of the powertrain, such as the transmission, axle assembly, and engine
Drivers can select either a $0 or $100 deductible with any of these plans. In the event that covered repairs are carried out at the selling dealership, the $100 deductible is waived.
When you buy a car from a dealership, you’ll probably be presented with a Lexus extended warranty, but you can add protection at any time until the factory warranty on your new car expires at 4 years/50,000 miles. Before your automobile reaches 9 years/125,000 miles, you can increase coverage if you purchase a used car.
Although the plan only permits one transfer, Lexus VSAs are freely transferable to new owners of the vehicle. Additionally, you can revoke your Lexus extended warranty. If you cancel within 30 days, you’ll receive a full refund (less a $50 processing fee), and if not, you’ll receive a prorated refund.
In addition to offering part repair coverage, Lexus also provides the following insurance packages:
Does an extended warranty carry over to a new car?
Warranties are transferred with the automobile until they expire and are linked to the vehicle identification number (VIN). Therefore, if you purchase a car that has a warranty that is still in effect, it will be valid until the end of the original warranty period.
Can I get my money back for the extended warranty?
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.
A transferrable warranty
According to Amy Schmitz, a professor at the University of Colorado School of Law, it is likely impossible to enforce a warranty that makes it difficult, if not impossible, to obtain satisfaction. For instance, a manufacturer cannot charge you shipping fees that are greater than the cost of the equipment in order to receive warranty service, as Schmitz said a company attempted to do with a faulty blender she purchased. In order to prove that she wasn’t attempting to commit fraud, she sent a picture of the damaged blender with the cord severed in order to bargain for a replacement.
Talk the talk: How to sound like a lawyer
Or at least, the following explains what the terminology employed in warranties actually means:
A manufacturer or retailer’s express warranty is a promise made in writing or verbally. Written warranties that are included with goods that cost more than $10 must bear the terms “full” or “limited,” according to federal law. Full warranties allow customers to choose between a replacement or a full refund following a fair number of unsuccessful repair attempts, are transferable, do not limit implied warranties, and do not charge the consumer any expenses in order to receive service (such as shipping fees). Limited warranties are exempt from some of those specifications.
Lifetime warranty isn’t always a reference to how long you’ll have the product; it can also apply to how long the manufacturer keeps the product in stock. Check the small print to see if a lifetime warranty is permitted under state law.
Losses brought on by a defective product are known as consequential or incidental damages. The cost of food that was ruined due to a malfunctioning refrigerator is one such. These may be recoverable, particularly in states with strict consumer protection legislation.
Tie-in sales clauses mandate that customers purchase goods or services from a certain business in order to keep their warranty coverage active. They are typically forbidden.
Author’s Note
With the headline “Warranty Protection,” a version of this story appeared in the May 2013 edition of Consumer Reports.
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.
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
How can I tell if the warranty on my Lexus is still in effect?
Calling a Lexus shop is the easiest approach to find out if your vehicle is still covered under warranty. Any Lexus dealer may look up your vehicle in its database and tell you which Lexus warranties are still active if you submit your vehicle identifying number (VIN).
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.
Is my Toyota warranty transferable?
Toyota does provide transferable warranties, but your ability to do so depends on your location, the vehicle’s age and mileage, whether you bought it new or used, and all of these factors. The New Vehicle Limited Warranty, if the vehicle is sold while under warranty, is automatically and free of charge transferred to succeeding owners, according to Toyota’s website. For instance, if the first owner sells a Toyota Highlander that is two years old, the new owner may continue to benefit from the standard warranty for an additional year. The used car warranty is transferrable if the car is Toyota-certified used, however the coverage starts on the day the car was first bought from a Toyota dealer. Remember that transfers of Toyota warranties are not permitted in Hawaii, and that they may have differing warranty coverage in Alabama, Florida, Georgia, North Carolina, and South Carolina.
What does an extended car warranty cover?
A longer warranty offers protection from pricey, unanticipated repairs. The coverage varies based on the provider and the plan you choose, and it covers repairs for a predetermined number of time and miles.
What is the standard Toyota warranty?
Like all auto warranties, the basic Toyota warranty is a free bonus with the purchase of a new vehicle and covers specific mechanical failures.
What is covered by Toyota’s warranty?
As soon as the car is delivered to the buyer, the Toyota warranty is activated. It includes fundamental protection, protection for the powertrain, rust-through protection, and, in some areas, protection for emissions.
Does Toyota offer extended car warranties?
Yes, Toyota offers Platinum, Gold, and Powertrain levels of protection that can be purchased through a dealership. These choices, meanwhile, may seem limited to car owners because repairs must be carried out at a Toyota shop. They also don’t cover everything.
Should I purchase and extended car warranty through Toyota or a third-party provider?
Although the final decision rests with the wants and tastes of the car owner, customers may be happier with the options provided by third-party providers. We advise CARCHEX because it provides highly customizable plans, freedom and choice when it comes to repair facilities, substantial coverage, and advantages for the driver. CARCHEX offers free quotes over the phone at 866-254-0205 or online.
*Data current as of May 2017. Based on the average total cost of the Vehicle Protection Plan for a four-year coverage period, the average monthly coverage cost is calculated. Actual monthly payments will vary depending on the payment policy of the plan. Depending on the specific make, model, year, mileage, coverage level, and term duration, individual prices may vary.