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.
In This Article...
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.
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.
Does the new owner receive the Toyota warranty?
Yes, as an added resale value, the Comprehensive Warranty, Limited Powertrain Warranty, and Roadside Assistance benefits of the Toyota Certified Used Vehicle Warranty are all instantly and cost-free transferrable to the new owner.
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.
What should the cost of a Toyota extended warranty be?
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- Customers claim to have paid between $1,500 and $2,500 for a Toyota extended warranty.
- The length of a Toyota extended warranty can be increased to ten years.
- The Toyota factory warranty offers 5 years/60,000 miles of powertrain warranty coverage in addition to 3 years/36,000 miles of bumper-to-bumper coverage.
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 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.
Just 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.
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:
- A percentage of the repair expense may be covered by some extended warranties. The remainder, along with a deductible, is your responsibility.
- A Consumer Reports poll found that 55% of those who purchased extended warranties never used them.
- 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.
- 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.
- 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 transferrable warranty
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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 come with products costing more than $10 must bear the words “full” or “limited” in capital letters. 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.
- Implied warranty is a tacit, unwritten safeguard provided by state law.
- 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.
What causes my Toyota warranty to 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.
How can I tell if the warranty on my Toyota is still in effect?
Calling your dealer and giving them your car’s VIN will allow you to find out if your Toyota is still covered by warranty. Your information will be searchable by the dealer, who will be able to inform you of your protection status. They’ll be able to inform you of what is and isn’t covered as well.
What is covered by the Toyota 5-year warranty?
Mirai Fuel Cell Warranty for 5 Years Any manufacture or assembly flaw-related problem is covered by the Mirai guarantee for a period of five years or 60,000 miles, whichever comes first, with no mileage restrictions for the first year.
What exactly does the Toyota extended warranty cover?
Toyota, like the majority of automakers, doesn’t disclose the price of their extended warranties on its website. However, according to our study, the typical price range for Toyota extended warranties is $1,0001,500.
Anytime up until the factory warranty expires, which is either 3 years or 36,000 miles, whichever comes first, you can buy a Toyota extended warranty. After the Toyota original warranty ends, you can also buy a third-party warranty plan.
The Vehicle Service Agreement, or VSA, is the name of the extra warranty offered by Toyota. Toyota offers the Platinum Protection, Gold Protection, and Powertrain Protection plans as its three VSAs for both new and used cars.
Your car is protected in the event of a mechanical malfunction or component failure by a Toyota extended warranty. Depending on the level of plan you select, different sections are covered. Up to 10 years and 125,000 miles of coverage are provided by a Toyota extended warranty.