Three warranties are instantly and free of charge transferred to the new owner when you buy a Toyota Certified Used Vehicle, adding to its resale value. The Comprehensive Warranty, Limited Powertrain Warranty, and Roadside Assistance are all separate warranties that are part of the Toyota Certified Used Vehicle Warranty. To discover more about the warranties offered on Toyota Certified Used vehicles, keep reading.
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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.
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:
- 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.
- offers unrestricted free towing from the neighborhood dealership.
- 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.
- 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.
- If a mechanical problem continues, you may be compensated up to $35 each day.
- 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.
- If your automobile ever breaks down 150 miles from your house, you will be reimbursed $50 for lodging and rental.
- Offer coverage for six years or 100,000 miles, whichever comes first.
- Up to $35 per day is reimbursed for car rentals.
Does the second owner receive the Toyota powertrain warranty?
The following owner of the Toyota Certified Used Vehicle may transfer your Limited Powertrain Warranty, free of charge; but, the Toyota Certified Used Vehicle Warranty is not transferable to any other vehicle.
Does a warranty continue with a subsequent owner?
Typically, the Warranty Transfers In other words, even if you buy a new car and then sell it to someone else, the new owner will still be covered by the warranty for the remainder of the original guarantee period.
Does the second owner retain the new car warranty?
Each new vehicle comes with a manufacturer’s warranty. You will typically receive a five- to seven-year, 100,000-mile warranty on most vehicles, whichever comes first. Many times, if you sell your automobile, an unlimited-kilometer guarantee from some manufacturers can be transferred to the buyer after you.
The dealer is required to repair any defects that arise during the warranty period at no additional cost to you in order to keep the car in decent condition given its age. The length of your warranty period is extended by the time required for repairs.
You are covered by the new-car statutory warranty for 12 months or 20,000 miles, whichever comes first. This warranty, which is a legal obligation for cars below the luxury car tax level of $68,740 (or $77,565 for fuel-efficient vehicles that use 7.0L/100km or less on the government combined cycle), will typically cover all defective equipment on a car.
All dealer-sold passenger automobiles that have fewer than 160,000 kilometers on them, are under 10 years old, and do not cost more than the luxury car tax threshold are covered by a used car statutory warranty. From the date of purchase, the warranty is valid for three months or 5,000 km. Most components of a car relevant to safety, dependability, and roadworthiness are covered under this guarantee.
Can you transfer a warranty?
We advise comparing your car warranty choices after obtaining estimates from many organizations. Our evaluation team looked at plan options, prices, customer feedback, and other factors for each major extended auto warranty supplier in the market. This led us to conclude that Olive and Endurance provide two of the best aftermarket extended warranties.
If you sell your automobile, you can transfer your service contract through either company.
Endurance: Best Coverage
Our top-ranked extended warranty supplier is Endurance. The provider offers direct-to-consumer plans, which mean that all services and claims are managed internally. Drivers might value Endurance’s high-mileage vehicle coverage because it makes selling your car and transferring your contract simpler.
Endurance provides six different plans, five of which are extended warranties with different levels of coverage to guard against mechanical failures. The last Endurance plan, EnduranceAdvantageTM, additionally offers maintenance services like tire rotations and oil changes in addition to an extended vehicle warranty.
Olive: Best Online Warranty
Reviews of Olive auto warranties indicate that this 21-year-old company’s vehicle service contracts are excellent for motorists who want subscription-based invoicing that allows them to cancel at any time. There is no waiting period for coverage with Olive’s plans, which are accessible in all 50 states.
Three different protection plans are available from Olive, and their coverage spans up to three years and 185,000 miles. For each breakdown, towing and rental car reimbursement are both included in all plans. A automobile warranty can be freely transferred to a new owner using Olive.
Frequently Asked Questions
An extended auto warranty can typically be transferred to a new owner. It depends on the provider whether a contract may be transferred, but the greatest businesses offer transferability as an extra benefit because it increases the value of a car when it comes time to resell it.
A bumper-to-bumper warranty can typically be transferred. The fine language of your contract should be carefully read to guarantee that this warranty, which offers the broadest coverage possible, can be transferred to a new owner. A transfer of ownership is also permissible with a powertrain warranty.
How may a factory warranty be transferred?
The process is as easy as phoning or writing to the firm with the specifics of the transaction and the information of the new owner if the warranty provider, whether it be the manufacturer or a third-party warranty provider, offers the option to transfer the warranty. This procedure may take up to 30 days, after which the new owner could access all the benefits received by the previous owner.
Additionally simple is the procedure for transferring the warranty to a new owner. Start by investigating the insurance options that come with the automobiles. If the car is covered by a dealer warranty, you can contact the dealership, provide the VIN, and inquire about the type of coverage the plan provides and the remaining time/miles. Since the warranty is linked to the vehicle’s VIN, the transfer procedure typically doesn’t call for much else.
In the case of a third-party warranty, the procedure is identical, but they typically demand the new owner’s basic contact information in addition to paperwork and receipts attesting to the change in ownership.
When does a Toyota warranty expire?
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.
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.