Investigate your car’s general dependability before determining whether to get an extended warranty. Consider your financial circumstances, the coverage you currently have, and the one that would give you the most peace of mind.
Toyota is renowned for producing dependable automobiles. Toyota is rated eighth out of 32 automobile brands on the reliability scale by the website RepairPal, which estimates the cost of auto repairs.
Even better, Toyota placed fourth overall out of 32 brands in the J.D. Power 2021 U.S. Vehicle Dependability StudySM. According to a survey by J.D. Power, the industry average for mechanical difficulties per 100 vehicles is 121, and manufacturers are ranked according to how many mechanical issues owners report. Owners of Toyota vehicles only report 98 faults, far fewer than the industry average.
RepairPal estimates that Toyota maintenance and repairs will cost $441 year, which is significantly less than the $652 industry average. According to RepairPal’s website, the following typical Toyota repairs have the following average costs:
Any repairs your Toyota could require will have to be paid for out of pocket if it is no longer covered by a warranty. To decide whether purchasing a Toyota extended warranty is the best option for you, take into account your financial outlook.
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What coverage do you already have?
You should review the conditions of your current plan to determine what you want covered by an extended vehicle protection plan because your car must still be protected by the factory warranty in order to be eligible for a Toyota extended warranty. A 3-year/36,000-mile bumper-to-bumper warranty and a 5-year/60,000-mile powertrain warranty are both included in all Toyota manufacturer warranties.
The details of the Toyota factory warranty are as follows:
Toyota only provides one extended warranty option for vehicles that are Certified Used by Toyota. After the factory warranty expires, the extended warranty for Certified Used Vehicles covers eligible parts.
A Certified Used Toyota must have a Certified Used Vehicle Limited Powertrain Warranty, be no older than six model years, and have no more than 85,000 miles on it in order to qualify for Toyota’s Certified Used Extended Warranty. The duration of the coverage is the greater of 12,000 miles or the first 12 months of vehicle ownership. This extended coverage is only available from your local Toyota dealer.
A Toyota extended warranty may be purchased online.
When you acquire a new Toyota, or at any time before the factory warranty coverage expires, you can purchase an extended warranty from Toyota. A 3-year/36,000-mile extended warranty is available for any new Toyota vehicle.
According to our investigation, a Toyota extended warranty is between $1,000 and $1,500. A third-party extended warranty will probably be less expensive and provide additional benefits.
By choosing ToyotaCare Plus, which extends maintenance coverage up to 4 years/45,000 miles, you can extend your ToyotaCare. Your car is only covered by the initial ToyotaCare plan for two years and 25,000 miles. Your car must be less than 37 months old and have fewer than 31,000 miles on it to be eligible for ToyotaCare Plus.
The Vehicle Service Agreement, or VSA for short, is the name of the added warranty offered by Toyota. Toyota provides one type of VSA for certified pre-owned vehicles, three types for used vehicles, and three types for new vehicles.
Only a Toyota dealership can sell you an extended warranty for a Toyota. However, a number of reliable businesses offer third-party extended warranties online.
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:
- selected coverage level
- Toyota brand
- the state of your vehicle
- the deductible sum
- your Toyota’s model year
Can I purchase a warranty extension on my own?
After your manufacturer’s warranty expires, you can always buy an extended warranty. The majority of contemporary automakers do, however, have a provision requiring car owners to sign up for an extended warranty plan before the manufacturer’s warranty program expires.
If you insist on purchasing an extended warranty from the manufacturer, we advise signing up for it as soon as your factory warranty expires to avoid coverage gaps. You can always get an extended warranty when you buy the car, but doing so will require you to pay interest on a warranty that you won’t be able to use anytime soon. But if it’s a package deal that offers further discounts, go for it.
However, a third-party extended warranty is the best option if you want to always have the option to choose an extended warranty. As long as your vehicle complies with the company’s requirements, the majority of businesses will supply you with coverage at any point throughout your ownership and may even offer extended warranties for used cars. CarShield is one of the greatest alternatives.
What does an extended Toyota Platinum warranty cost?
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 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 main engine and gearbox components. provides travel insurance with payment for housing and meals while traveling more than 150 miles from home.
What nullifies the Toyota warranty?
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 long is the factory warranty on Toyota vehicles?
A 36-month/36,000-mile limited warranty is included with every Toyota car. But it goes further than that. 36,000 miles over 36 months (all components other than normal wear and maintenance items).
Is Toyota covered by a ten-year warranty?
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.
After purchasing a Toyota, is an extended warranty available?
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.
Why buying extended warranties is a bad idea?
Unfortunately, extended warranties are not all they’re cracked up to be, as the Ramsey Solutions blog argues, and there are a number of reasons you should avoid them.
According to the blog, one of the main reasons to stay away from extended warranties is the likelihood that you won’t actually utilize yours. That’s because the businesses that offer them “did the math” and usually make sure the warranties expire before the majority of the parts are expected to fail.
The extended warranties normally have several coverage exclusions, according to Ramsey’s site, so they are generally not worth the money. You’d be wasting your money by purchasing one because the guarantee might not cover the most frequent problems. The warranty provider could possibly go out of business before you can use it, in which case you would have paid ahead for nothing in return.
Ramsey further cautions that most extended warranties are costly and are a big source of revenue for both the businesses and the salespeople who upsell them to unwary customers.