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.
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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.
Can you transfer a Toyota 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.
Do new owners retain their car’s warranty?
The warranty for your car is a private contract made with the dealer who sold you the car, even though United States federal law mandates that the guarantee is linked to the car and passes to succeeding owners until the warranty’s expiration date.
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.
- Transferable Platinum plans exist.
- 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.
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.
- If a mechanical problem continues, you may be compensated up to $35 each day.
- Second owners are also eligible to use your warranty.
- It includes a $50 compensation for towing.
- If you are 150 miles from home, Toyota will also pay up to $50 for lodging and meals.
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.
- 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.
- Offer coverage for six years or 100,000 miles, whichever comes first.
- It includes a $50 towing reimbursement.
If a car is sold, do the warranties transfer?
The manufacturer warranty follows the car, not the owner, whether it is sold or otherwise transferred. For instance, the manufacturer’s warranty typically lasts for another year or 16,000 miles if you buy a two-year-old car with 20,000 miles on the odometer.
Does a second owner qualify for 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.
What is covered by the Toyota 5-year warranty?
5 year Mirai Fuel Cell Guarantee Under normal operation, the Mirai warranty covers any flaw that can be traced to a manufacturing or assembly error for a period of five years or 60,000 miles, whichever comes first. The first year has no mileage restrictions.
Does a second owner qualify for the warranty?
The Warranty Usually Transfers This means that if you purchase a new car and later sell it to another person, the warranty will still be in effect for the new owner up until the conclusion of the first warranty period.
Are warranties from the dealership transferable?
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. It’s critical to keep in mind that the car’s actual purchase date by the original customer, not the model year, determines the warranty’s active date. Therefore, in most cases, the guarantees do transfer.
Endurance: Best Coverage
Endurance is our No. 1 ranked extended warranty provider. 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.
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.
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 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:
- the deductible sum
- selected coverage level
- the state of your vehicle
- Toyota brand
- your Toyota’s model year