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.
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What is included in the Platinum Warranty 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:
Model, usage, location, and odometer reading at the time of selling can all affect price.
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
Do tires fall under the Toyota Platinum Warranty?
1 The only plan created and supported by the might of Toyota, the Platinum plan is the only one that offers replacement-only tire coverage and wheel replacement if your tire fails to seal. Select the strategy that best suits your needs and financial situation. For a maximum of five years, coverage is offered.
Is the Toyota extended warranty worth it?
Our review staff takes great delight in providing consumers with factual and unbiased information. On order to compile our rankings of the best service providers in the market, we collected information from numerous extended vehicle warranty businesses. Companies are rated in each of the following categories and given an overall score out of 5.0:
- Price: Because there are so many variables that affect costs, comparing suppliers can be challenging. We use a secret shopper analysis using various automobiles, mileages, warranty plans, and locations to calculate this score.
- Coverage: To accommodate consumers’ various needs, a broad range of coverage is necessary. We consider the quantity of available extended auto warranty policies, period restrictions, exclusions, and supplementary features.
- Customer service: An extended warranty provider’s degree of customer service and care is a key factor to take into account. Our review staff sorts through consumer feedback and grievances from reliable websites like Trustpilot and the Better Business Bureau (BBB). Based on our study of the secret shoppers, we also take the responsiveness of each company’s customer support team into account.
- Reputation: Reputable extended warranty suppliers routinely deliver top-notch services. When determining this number, our team considers the BBB ratings and the company’s track record of dependable service.
- Customers value open and honest communication when it comes to vehicle servicing contracts, thus transparency is important. The availability of money-back guarantees and sample contracts is taken into consideration by our experienced staff.
Q & A
Yes. Your car will be covered by a Toyota extended warranty for up to 10 years or 125,000 miles, whichever comes first. For both new and pre-owned Toyotas, Toyota offers three warranty programs. You can choose between basic coverage and bumper-to-bumper protection for the critical components and systems in your Toyota.
It’s worth it to spend a little monthly price for a Toyota extended warranty if you’re concerned about having to make expensive repairs. You will only have to pay a deductible for repairs at the time of service. Roadside assistance and reimbursement for lost or damaged rental cars are frequently included with extended auto warranties.
Three coverage options are available from Toyota for extended warranty plans, each of which covers a different part of your car. The Powertrain Plan focuses on protecting your car’s most expensive parts, such the engine, while the Platinum plan offers complete, bumper-to-bumper coverage.
Toyota Extra Care Platinum’s duration
Manufacturer-backed Toyota extended warranties are available in three tiers and are referred to as Toyota Vehicle Service Agreements. If your car is under three years old and has fewer than 36,000 miles on it, the business advises coverage. If you sell your car before the warranty expires, Toyota extended warranties, like many manufacturer plans, can be transferred.
Platinum Protection
Your car is covered by the Platinum Toyota extended warranty in varying amounts up to 10 years/125,000 miles. When buying a used Toyota, term lengths aren’t as long and only go up to five years/60,000 miles.
Unlimited towing to the closest Toyota dealership is included in the plan. In the event that your automobile develops a mechanical problem, you will also receive reimbursement for rental cars up to $50 per day. If you have a breakdown more than 150 miles from home, Toyota will cover up to $100 per day for food and hotel. Nevertheless, the maximum amount for the duration of your agreement is $500.
Gold Protection
Your vehicle is additionally covered by the Gold Toyota Extended Warranty in varying amounts up to eight years/125,000 miles. For a used Toyota, do you require an extended warranty? Used Toyota vehicles are only eligible for a five-year/60,000-mile warranty.
The plan also includes a towing refund, and if your car breaks down more than 150 miles from home, you’ll be paid up to $35 per day (for a maximum of five days) for a rental car and $50 for meals and housing (for a maximum of four days).
Powertrain Protection
Additionally, the Toyota extended warranty for the powertrain offers coverage for six years or 100,000 miles. The warranty period for a pre-owned Toyota is two years or 24,000 kilometers.
The plan includes towing reimbursement, and you’ll get compensated for rental automobiles up to $35 per day (for a maximum of five days). Toyota will cover up to $50 for your meals and hotel if your car breaks down more than 150 miles from home (up to four days).
Can you subsequently purchase a Toyota extended warranty?
When searching for extended warranty coverage, it pays to look into independent vendors. First off, aftermarket warranties are sometimes less expensive than those offered by dealers.
The ability to visit any repair facility recognized by the National Institute for Automotive Service Excellence is another significant advantage of third-party coverage (ASE). You are not restricted to the dealership in your area because there are tens of thousands of these stores all throughout the United States.
One thing to keep in mind if your car is brand new is that you may only purchase a Toyota extended warranty prior to the expiration of the manufacturer warranty, which is 3 years and 36,000 miles. Additionally, you may only add the warranty on the day that you buy the automobile if you’re purchasing a used one.
You are not assured to receive any services from factory-trained technicians or genuine Toyota parts with independent warranty company coverage, which is a drawback.
How do I revoke my Platinum Toyota Warranty?
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 after 30 days, they will be prorated. For information on the cancellation procedures in your state, contact your dealer.
What is covered by the Toyota 5-year warranty?
Toyota provides warranty protection for both new and used cars through its New Vehicle Limited Warranty, which can assist in covering repair costs in the event that some components malfunction or breakdown too soon. A manufacturer or bumper-to-bumper guarantee that covers defective parts for three years is included with every new Toyota. The vehicle’s in-service date, which is the day it is either delivered to the final buyer, leased, or first utilized as a company car, marks the beginning of your warranty.
Toyota’s factory warranty covers any repairs or replacements required as a result of flaws in the materials or workmanship.
What should be covered when you buy a Toyota is as follows:
- 3-year/36,000-mile bumper-to-bumper coverage: The basic coverage includes modifications and repairs for the majority of potential problems. The Basic Warranty also covers wheel balance and alignment, but only for 12 months or 12,000 miles.
- Toyota’s limited powertrain warranty will cover repairs and modifications on the vehicle’s primary power components, including the engine, transmission, transaxle, front-wheel-drive system, and rear-wheel-drive system, for a period of five years or 60,000 miles.
- Restraint systems are covered for 5 years or 60,000 miles: Seat belt and air bag system defects are covered by the Restraint Systems Warranty.
- 5 year/unlimited mileage coverage against rust-through You are covered by this corrosion perforation warranty against any perforations caused by corrosion or rust on your car.
- Coverage for pollution control: Federal and California legislation ensure that your Toyota complies with emission requirements. Please refer to your Toyota Warranty & Maintenance Guide for specifics as the duration of coverage varies depending on the state in where your car is registered. Terms are available at intervals of 2 years/24,000 miles to 8 years/80,000 miles.
- Coverage for accessories: The Toyota Accessory Warranty provides 36 months or 36,000 miles of coverage for Genuine Toyota accessories that come with your car. Later-purchased accessories come with a 12-month/unlimited-mileage warranty.
Toyota Hybrid Vehicles
The same 3-year/36-month basic coverage and 5-year/60,000-mile powertrain coverage are included with your Toyota hybrid car, along with coverage for some hybrid-specific items. Components associated to hybrid vehicles are insured for 8 years or 100,000 miles. Battery, battery control module, hybrid control module, and inverter with converter are all included in this.
Toyota Certified Used Vehicles (TCUV)
Toyota vehicles with less than 65,000 miles on them and an age less than 6 years are eligible for a used car certification. Vehicles must pass a 160-point inspection and have their CARFAX reports reviewed in order to be considered a Toyota Certified Used Vehicle (TCUV). A special used Toyota warranty is included with TCUVs, and it covers many of the same things as new car warranties from the time of purchase.
- Basic repairs and replacements are covered by a 12-month/12,000-mile Limited Comprehensive Warranty.
- Limited Powertrain Warranty for 7 Years and 100,000 Miles
- Factory Hybrid Vehicle Battery Warranty for 8 Years and 100,000 Miles
- Fuel Cell Vehicle 8-year, 100,000-mile Warranty
- Roadside assistance for a year
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.
- If you rent a car, the Platinum tier will pay up to $50 per day in case there are technical problems.
- If your car breaks down 150 miles from your house, you will also receive a maximum of $100 for hotel and meals.
- Transferable Platinum plans exist.
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.
- It includes a $50 compensation for towing.
- If a mechanical problem continues, you may be compensated up to $35 each day.
- If you are 150 miles from home, Toyota will also pay up to $50 for lodging and meals.
- Second owners are also eligible to use your warranty.
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.
- Offer coverage for six years or 100,000 miles, whichever comes first.
- It includes a $50 towing reimbursement.
- Up to $35 per day is reimbursed for car rentals.
- If your automobile ever breaks down 150 miles from your house, you will be reimbursed $50 for lodging and rental.