The following are common repairs experienced by Lexus owners and what they cost: If one of these problems came up after your Lexus factory warranty had expired, youd be the one footing the repair bill. Purchasing additional coverage is usually a smart choice if you want to drive beyond the factory warranty. *For a complete list of components covered, visit the Lexus website. How to Find Out If Your Lexus is Still Under Warranty. Coverage expires upon reaching the maximum time of the coverage period selected. : This rating is based on types of extended warranty plans available, coverage terms, and added benefits like roadside assistance. If you want to extend your session select the "I'm back" button. Reputable extended car warranty companies offer several benefits over a manufacturer extended warranty, such as: If a third-party extended warranty interests you, start comparing free quotes from reputable extended car warranty providers likeEndurance, CARCHEX, and Protect My Carthe industrys top providersusing the buttons below. the industrys top providersusing the buttons below. The company boasts accreditation and an A+ rating from the BBB. Although theyre shorter than some of the best new car warranties, Lexus basic and powertrain warranty lengths are slightly longer than standard factory-backed warranties. (NMLS ID#8027). There are three levels of coverage, called Extra Care plans. Ineligible vehicles include taxis, shuttle, commuter, municipal, professional, medical, emergency or police vehicles, salvage vehicles, all vehicles used or to be used for competitive driving or racing, vehicles used or to be used for plowing snow or towing a trailer in a manner exceeding manufacturer's recommendations, and all vehicles to be held by the purchaser or lessee for hire to the public or for hire to any persons not affiliated with the vehicle purchaser or lessee. New vehicles are eligible for VSA Lease Wear at time of lease only. Make sure you can choose the mechanic you want. Car warranties are intended to act as guarantees that an automaker has produced a quality product. Endurance vehicle service contracts extend over 200,000 miles and come in five coverage levels. Coverage is effective from date of first use as a new vehicle and zero miles.4Coverage expires at maximum time or mileage of the selected plan, whichever comes first. Coverage under the VSA is secondary to, among others agreements, any manufacturer warranty, other valid repair agreement or vehicle. In this article, we reviewed Lexus factory and extended warranties and compared their cost and coverage with those from leading third-party extended providers. These warranties are transferable and can be canceled within 30 days for a full refund, minus a $50 processing fee. Extended warranties can have deductibles ranging from $0 to $500, but factory warranties don't have deductibles. Platinum Auto Warranty works with extended warranty companies that can cover your vehicle from costly car repairs, including mechanical, electrical, and technological repairs. Coverage options are available for up to 5 years and is effective from date of first use as a new lease vehicle.4. The $100 deductible can be waived if covered repairs are performed at the selling dealership. Thank you so much Jerry Johnson Jerry Johnson Warranty Manager Midwest Toyota Midwest Ford Available if vehicle is inoperable due to the mechanical breakdown of a covered component. Deductible applies to each eligible repair visit. Offers low average prices, along with lengthy coverage, and is one of the lowest-cost services available. Do you need a Lexus extended warranty? An extended warranty can keep you from paying for unexpected repairs, but the reputation of Lexus as a dependable brand could mean youre fine without extra coverage. In our research, we found a number of customer reviews that described the cost of Lexus extended warranty coverage. Lexus offers three extended warranties that last as long as 7 years/unlimited miles. Note: The benefits and covered operations stated here are subject to change or may vary slightly based upon the purchase date of the Agreement. You can cancel your VSA within 30 days for a full refund, less a $50 processing fee (as permitted by state law). Note: The benefits and covered operations stated here are subject to change or may vary slightly based upon the purchase date of the Agreement. Quality extended warranty companies pay claims directly to the service center. Coverage is available 24 hours a day, 365 days a year within the continental US and Canada, while your agreement is active. Companies receive a score in each of the following categories, as well as an overall weighted score out of 5.0 stars. We'll cover eligible repair costs due to mechanical breakdown after your factory warranty expires, including many parts not covered in Gold and Powertrain plans. However, according to RepairPal, Lexus vehicles are above average in terms of reliability and have a low annual repair cost of around $551. Lexus has three extended warranty plans that can prolong factory coverage. Lexus dealerships may sell such warranties, but these are not offered or serviced by the Lexus brand or the Toyota Motor Corporation. Subscriber Agreement & Terms of Use, Protection up to 36 months or 50,000 km. This coverage includes towing (for covered breakdowns), flat tires, being locked out of your vehicle, dead battery jump starts, and fuel delivery services (up to 3 gallons, no more than 2 times per month; excludes fuel cell and electric vehicles). . While the final cost of your Lexus extended warranty will factor in exactly where you live in or around Tampa, the specific Lexus model you are looking to buy, and the coverage package you opt for, you can expect to pay somewhere within the range of $2,800-$3,000. Pros and Cons of Independent Warranty Companies. CARCHEX backs its service and products with a 30-day money-back guarantee. Service by Lexus factory-trained technicians. The following chart shows some common Lexus repairs and estimated costs for those repairs, according to RepairPal. Get information on open safety recalls and service campaigns released since 1999 for Toyota, Lexus and Scion vehicles intended for sale or sold in the U.S., U.S. Lexus factory warranties include a bumper-to-bumper plan, a powertrain warranty, a hybrid warranty, corrosion protection, and a service protection plan. With all of the coverage options, except for the Silver and Bronze plans, you can get coverage for a maximum of 10 years. To see how much you would pay for third-party coverage, click below. For that, RepairPal is agood source of information. The company offers six distinct levels of coverage, which are easy to research on the Endurance warranty website. The other five plans include: When we called to get an estimate on a new 2013 Lexus RX 350 with 79,000 miles, the monthly cost for comprehensive coverage was $129 with a $100 deductible. It may also factor in whether you purchased the car used or new. If your CPO vehicle is no longer protected under its original warranty, you will still be covered from bumper to bumper for 2 years/unlimited miles from the date on which you purchase your CPO Lexus. Lexus VSAs are transferable to subsequent vehicle owners at no cost, although the plan only allows for one transfer. This coverage is available for the RZ 450e. Your vehicles reliability and your personal finances are among the most important considerations when youre deciding whether to purchase Lexus extended warranty coverage. The deductible is the dollar amount you pay for authorized claims related to a single repair visit. Compared to other manufacturer warranties, the Lexus warranty offers standard coverage. When she needed it, your Customer Service team addressed every need and request. Is the Lexus vehicle service agreement transferable? In addition to checking to see if your vehicle is covered under an existing Lexus factory warranty, also consider the average costs to replace parts for your Lexus. Links in this article may result in us earning a commission but do not impact our advice or recommendations. : Many of the plans also include benefits such as roadside assistance and rental car coverage. They can generally be purchased at any time. Lexus Financial Services is a service mark of Toyota Motor Credit Corporation (TMCC). Of the $2,900 you are being asked to pay, I doubt that even $1,000 of it will go to the company underwriting the warranty. CarShield currently provides six coverage options. Read the fine print to ensure you dont have to take the vehicle somewhere in particular. $0 or $100 disappearing deductible per eligible repair visit. This coverage protects you from repairs related to faulty workmanship or material defects. If you go against this, your repair wont be covered, or you might void your warranty. We'll cover eligible repair costs due to mechanical breakdown after your factory warranty expires, including many parts not covered in our Powertrain plans. Most of the vehicle service agreement options have ways to transfer coverage. An extended. : Our research team reviews sample quotes for a variety of plans and vehicles. However, There are options to extend your Lexus warranty to cover later repairs, but are they worth it? The vehicle must be an L/Certified vehicle to be eligible for the L/Certified VSA. , Lexus basic and powertrain warranty lengths are slightly longer than standard factory-backed warranties. Other benefits of third-party plans include: These are all great benefits, but there are also are some drawbacks to third-party providers. See your Lexus dealer for more information. Vehicle Service Agreement (VSA) Lease Wear covers your leased Lexus vehicle with protection for components that are typically not covered by a traditional VSA or the manufacturers warranty but may still need to be replaced before your lease matures. Our review team sifts through customer reviews and complaints from reputable sources such as the Better Business Bureau (BBB) and Trustpilot. Lexus offers $0 and $100 deductibles, and the option you choose will impact your final price. However, as Lexus vehicles are fairly reliable, it is not guaranteed that the cost of your Lexus extended warranty will pay for itself. Not all third-party providers provide quality coverage, which is why its important to research any company with which you plan to do business. Can they be negotiated down. Lexus factory warranties include a bumper-to-bumper plan, a powertrain warranty, a hybrid warranty, corrosion protection, and a service protection plan. Below, well explain why it may be better to skip the Lexus dealership and instead turn to reputable third-party providers like Endurance, CarShield, and CARCHEX. Time and mileage coverage periods are measured from the date the vehicle was first put into service as a new vehicle and zero miles. Ineligible vehicles include taxis, shuttle, commuter, municipal, professional, medical, emergency or police vehicles, salvage vehicles, all vehicles used or to be used for competitive driving or racing, vehicles used or to be used for plowing snow or towing a trailer in a manner exceeding manufacturer's recommendations, and all vehicles to be held by the purchaser or lessee for hire to the public or for hire to any persons not affiliated with the vehicle purchaser or lessee. : The level of customer service and care provided by an extended warranty company is an important consideration. Dealerships will often push you to buy a branded vehicle service contract, but always do your research before purchasing an auto extended warranty through a dealership. When we called CARCHEX with questions, the representatives were friendly and didnt pressure us to buy. Copyright 2023 Motor1.com. The three extended warranty plans offered by Lexus come with various levels of coverage for component parts and systems. Make sure you can choose the mechanic you want. The company offers six distinct levels of coverage, which are easy to research on the Endurance warranty website. Can A Car Be Registered And Insured In Different States? Following is a summary of the Lexus Accessory Limited Warranty for genuine parts and accessories: We will either provide a replacement part or repair any Lexus part or accessory that is defective in material or workmanship. Coverage provides up to $35 per day for a maximum of 5 days per occurrence. How much should I pay for a Lexus extended warranty? Below, well explain why it may be better to skip the Lexus dealership and instead turn to reputable third-party providers like. Time and mileage coverage periods are measured from the date the vehicle was first put into service as a new vehicle and zero miles. We have accumulated data from dozens of extended auto warranty companies to formulate our rankings of the industrys best providers. In addition to part repair coverage, Lexus offers the following protection plans: All Extra Care coverage options come with 24-hour roadside assistance, which includes towing, dead-battery jumps and fuel delivery services. Retail installment accounts may be owned by TMCC or its securitization affiliates and lease accounts may be owned by Toyota Lease Trust (TLT) or its securitization affiliates. Deductible applies to each eligible repair visit. Then leave the rest to us. If you want to drive your vehicle for a few more years after the factory coverage expires, then it makes complete sense to cover it with a warranty. What Does A Lexus Extended Warranty Cover? Refer to Owner's Warranty and Maintenance Guide for details. If you buy a used vehicle, you can add coverage at any point before your car reaches 9 years/125,000 miles. Vehicle Dependability StudySM, and was second only to Genesis in the premium segment. When considering that Lexus parts cost more than most brands, just think about what that bill might look like. The way it should be. Complete powertrain warranty plus some extra parts, Protects nearly all of the technology on the car. All Lexus vehicles include a factory warranty that covers vehicle repairs in the event of a mechanical breakdown. Lexus powertrain warranty coverage, which protects just the engine, transmission, drive axles, and related parts, lasts for 6 years/70,000 miles. are among the best extended warranty providers. It is for approved Lexus vehicles up to 15 years old, subject to 150,000 mileage limit - the old Extended Warranty was for approved Lexus vehicles up to 10 years old and 140,000 miles, so the new extended warranty covers vehicles for longer in this respect. Vehicles are eligible if they are within current plus 9 model years and less than 125,000 miles.4Used vehicle plans are available only at the time of the used vehicle sale. While the Lexus extended warranty may seem convenient, you could end up saving by shopping around. Most manufacturers provide basic, powertrain, and corrosion warranties. Lexus offers three extended warranty plans and can last up to 10 years. 90-day or 4,000 mile limited warranty. Vehicle extended warranties are very profitable for car dealers. However, some third-party extended warranty providers may offer lifetime warranties for Lexus vehicles. If you find a provider that doesnt back up its coverage with some sort of guarantee, you probably shouldnt shop with that company. Protect eligible components like the engine, transmission, front- and rear-wheel drive systems and more. Note: VSA Lease Wear product is not available in all states. Guaranteed Auto Protection. For all new Lexus models, the manufacturer provides warranty coverage. One way to find out is by looking at your Lexus reliability. We're taking you to Toyota.com website to connect you to the information you were looking for. so an extended warranty is not a bad idea. There are often more coverage levels to choose from. Your car will inevitably face troubles, no matter how well you take care of it. Our team analyzes provider offerings and customer insights so you can feel empowered to make the best choice. Lexus Extra Care Gold Similar to Toyota, the parent company of Lexus, the brand has received high marks for reliability from multiple auto industry research groups. The company has also received numerous featured spots on popular networks such as TBS, ESPN, and HGTV. Protection for used vehicles is only available in the dealership at the time you buy your vehicle. Lexus vehicles are known for being some of the most dependable on the market. Learn more. This is a fair price for bumper-to-bumper coverage. Original equipment tires damaged by road hazards are covered under the Tire Road Hazard Protection warranty. Call us at 1-800-255-3987. If you arent satisfied with the coverage, you can get a refund. Privacy Notice, and This 6-year/70,000-mile warranty protects the engine, transmission, transaxle and drivetrain. Coverage is subject to exclusions and limitations set forth in the Vehicle Service Agreement. Aside from extended warranties, Lexus also offers protection plans to cover systems and parts that most extended warranties exclude, such as the Tire and Wheel protection plan. Independent providers give you a larger network of repair facilities to choose from when its time to file a claim. Well also explain the benefits of getting coverage from an independent warranty provider. Our review team prides itself on sharing accurate and unbiased information with consumers. Lexus doesnt advertise the cost of extra coverage, but our research team has found that most extended auto warranties cost from $1,800 to over $3,000 in total. WARRANTY Lexus confidently stands behind these exceptional vehicles with the L/Certified Limited Warranty, * which when combined with the new-vehicle Basic Warranty, can provide up to six years of vehicle warranty coverage.