Yes, purchasing an extended warranty is typically a great method to give your new or used car long-term security. Nevertheless, they may not be the greatest option for all drivers, so consider your financial circumstances.
In This Article...
What’s covered by Toyota’s extended warranty?
A comprehensive variety of engine and cabin systems are covered by Toyota Platinum Protection. With a sizable number of component coverage exclusions, the second Toyota extended warranty option, Gold Protection, is a mid-level coverage option. Powertrain Protection, the entry-level category of Toyota’s extended warranty, only provides coverage for vital powertrain elements like the engine, gearbox, and axle-assembly systems.
Is Toyota’s extended warranty refundable?
Yes, if you decide to change your mind within 30 days of purchase, Toyota’s extended vehicle service protection plans can be canceled for a full refund. Your extended Toyota warranty will be reimbursed on a prorated basis following the initial 30-day term, less a $50 administrative processing fee.
What should the cost of the Toyota Platinum Warranty be?
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 warranty at the time of purchase or before the Toyota new car warranty (3 years/36,000 miles) expires.
What is the Platinum package 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 should the cost of a Toyota extended warranty be?
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 provider 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:
- selected coverage level
- the state of your vehicle
- the deductible sum
- your Toyota’s model year
- Toyota brand
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.
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 10-year, 100,000-mile warranty?
Limited Powertrain Warranty for 7 Years and 100,000 Miles covers all internally lubricated parts as well as major engine and transmission components. provides travel insurance with payment for housing and meals while traveling more than 150 miles from home.
Does the extended warranty for Toyota cover oil changes?
A two-year/25,000-mile maintenance plan called ToyotaCare is included with every new Toyota. Most extended auto warranties do not cover normal maintenance procedures like oil changes, filter replacements, tire rotations, multi-point inspections, etc., but ToyotaCare plans do.
Is Toyota’s warranty reliable?
Do you intend to get a Toyota extended warranty? Our review team explores the specifics of Toyota’s extended warranty plans in this article, as well as how they stack up against those offered by other top warranty providers. We’ll also go over why getting a third-party extended warranty is preferable to getting one from the manufacturer.
Extended Warranty from Toyota:
Every new Toyota comes with a bumper-to-bumper warranty for three years and 36,000 miles. However, the firm provides supplementary insurance for up to 10 years/125,000 miles for drivers who choose to prolong that coverage. To help drivers avoid unforeseen pricey repair expenditures and keep their peace of mind, Toyota offers a variety of coverage choices.
Visit our analysis of the top extended auto warranty companies to discover how Toyota’s coverage stacks up against leading third-party firms.
What is covered by a Platinum automobile warranty?
The quantity of coverage, coverage options, pricing, and advantages are greatly variable and unique from person to person and depend on which warranty providers choose to issue a quote because you aren’t buying a vehicle warranty plan directly from Platinum. The age, make, and model of your car, as well as the region of the country you live in, all affect the warranty coverage possibilities.
You should anticipate a consistent experience from all of the businesses that provide you with a quote because Platinum does appear to adhere to a defined set of principles and standards when deciding who it collaborates with. Similar advantages like emergency roadside assistance, coverage for rental cars, a choice of repair facility, towing coverage, etc. will be included in the majority of policies. Their deductibles, down payments, and required monthly payments can also be comparable.
The businesses that Platinum partners with have, at the very least, undergone a thorough vetting process and are typically well-known within the warranty sector. Remember that by requesting quotations, you are giving third-party warranty providers permission to contact you directly to discuss and offer quotes tailored to your particular warranty requirements. This can imply that you get calls from three or more distinct businesses repeatedly.
For basic coverage, choosing a manufacturer extended warranty is a fine option. However, Endurance, which was named the best extended warranty provider by Consumer Advocates, Consumer Affairs, and Retirement Living, may offer you more and save you more money.
Does the Toyota warranty cover a new key fob?
You will get: Replacement of your covered vehicle’s key or key fob (remote) if it is lost, broken, or stolen, up to an amount of $800 per incident. Assistance with a lockout: To open your car if your car keys are misplaced, broken, or stolen. Up to $100 in towing assistance per instance.
Does 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:
- 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.
- 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.
- A Consumer Reports poll found that 55% of those who purchased extended warranties never used them.
- 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.
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 paint covered by the Toyota extended warranty?
Toyota cares about our customers’ ownership experiences, even while the original factory paint is covered by the New Vehicle Limited Warranty for 3 years or 36,000 miles (whichever comes first).