All plans cover vehicles for up to 4 years/50,000 miles, whichever comes first. Other benefits of third-party plans include: These are all great benefits, but there are also are some drawbacks to third-party providers. Well give you a quick overview of what each company provides below. Its helpful to do your own research by calling around and getting quotes. Complimentary maintenance for the first 2 years/20,000 miles, 24-hour roadside assistance including towing reimbursement, Complimentary loaner cars while your vehicle is being repaired, Trip interruption service if you break down far from home and have to stay overnight, When considering an extended warranty, one thing to take into account is your vehicles reliability. How long does Lexus extended warranty last? Valid receipts will be required for reimbursement.In California, roadside service provided if vehicle is inoperable due to the mechanical failure of a covered component. Drivers reported paying between $2,000 and $3,300 for 5-year/unlimited-mile Platinum extended service contracts. Restrictions apply. Service by Lexus factory-trained technicians. Aside from the coverage provided when you purchase a new vehicle, drivers can pick up a. . Access to our nationwide service network, with service by Lexus factory-trained technicians. Call us at 1-800-255-3987. All contracts include a money-back guarantee if canceled within 30 days. The deductible is the dollar amount you pay for authorized claims related to a single repair visit. Coverage expires upon reaching your selected time of the coverage period. 1 Cover routine maintenance. Learn More. Vehicles are eligible if they are within 13 model years and less than 100,000 miles.4Used vehicle plans are available only at the time of the used vehicle sale. Lexus Extended Warranty Platinum: Bumper-to-bumper coverage that includes components like the brake pedal subassembly, airbags, CD player, radio, coolant sensor, air pump, door lock assembly,. A VSA can help cover eligible repair costs due to mechanical failure that occur outside your standard warranty. Time and Mileage coverage periods for Used Vehicle Plans are measured from Agreement Application Date and Agreement Application Mileage. Fidelity Warranty Services earns a 3.6-star rating (out of 5) on Google reviews. 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. There are additional costs if you cancel your Lexus extended warranty. One plan is dedicated to motorcycle parts, so you wont need that as a Lexus owner. Get exceptional coverage from the premiere vehicle service agreement for new Lexus vehicles, including repair costs for mechanical breakdown and parts after your vehicle's factory warranty expires. For the Supreme plan with the same term limit, we were quoted $97.22 for 36 months with a $100 deductible. You wont be responsible for paying the repair facility when you go for repairs. Lookup Safety Recalls & Service Campaigns. However, owners still may choose to purchase extended warranty coverage for the added peace of mind it brings. In researching third-party providers, here are several advantages our research team found: One downside that turns some drivers away from independent coverage is that there is no guarantee that you will receive genuine parts with repairs or have work performed by factory-trained technicians. 24/7 roadside assistance and reimbursements for covered vehicle rentals, meals, and lodging. The Lexus Basic Warranty covers the majority of Lexus-installed components for up to 4 years or 50,000 miles, whichever comes first. Wheel alignment and balancing are covered for 12 months or 12,000 miles, whichever occurs first. A disappearing deductible is a deductible that is waived if the repair visit is performed by the dealer who sold the VSA plan. If you find a provider that doesnt back up its coverage with some sort of guarantee, you probably shouldnt shop with that company. New vehicles are eligible for this VSA at time of lease only. All rights reserved. Lexus ranks seventh out of 32 brands with an overall reliability score of 4.0 out of 5.0. To get a clear idea of Endurance pricing, we called to get quotes on a 2016 Lexus ES 350 with 48,000 miles on it. If you are interested in independent coverage, our team of experts recommends Endurance. With over 20 years of industry experience, the company understands the ins and outs of the industry. RepairPal collects driver-reported data to determine reliability scores for many vehicle manufacturers. Parts of hybrid Lexus vehicles are covered for 8 years/100,000 miles, including the hybrid battery control module, hybrid control module and inverter with converter. When considering that Lexus parts cost more than most brands, just think about what that bill might look like. Lexus Extended Warranty Prices Mar 2023 All Travel Protection benefits are valid only if your vehicle becomes inoperable due to mechanical failure of a covered component. Read the fine print to ensure you dont have to take the vehicle somewhere in particular. Coverage under the VSA is secondary to, among others agreements, any manufacturer warranty, other valid repair agreement or vehicle. All genuine Lexus parts are covered for one year from the date of installation. All you will be responsible for is the deductible. Additionally, Lexus will provide a loaner car if repairs will take over eight hours. After reviewing industry leaders in the vehicle service contract industry, we found that Endurance, CARCHEX, and CarShield are among the best extended warranty providers. Coverage can be transferred once, at no cost, from the original owner to a private party; this excludes dealers (see Terms of Agreement). It ranked sixth out of 32 car manufacturers in J.D. The following chart shows some common Lexus repairs and estimated costs for those repairs, according to RepairPal. Our team takes into account BBB ratings and the companys history of reliable service when giving this score. Youll likely be offered a Lexus extended warranty when you purchase a vehicle at a dealership, but coverage can be added on at any time before your new cars factory warranty expires at 4 years/50,000 miles. Lexus offers three extended warranty plans and can last up to 10 years. Lexus Extended Warranty: Review, Plans & Cost (2023) If youre looking for additional coverage beyond a manufacturers warranty, you might be considering service contracts from third-party providers. While the companys rating from the Better Business Bureau (BBB) isnt impressive, we found that many complaints came from a misunderstanding about the coverage. More information about what components are included and excluded in Lexus vehicle service agreements can be found on the Lexus website. Average Car Insurance Rates By Age and State, 7 Ways To Lower Car Insurance After An Accident, Mechanical Breakdown Insurance Vs. Extended Warranty, Progressive Mechanical Breakdown Insurance, Endurance vs. Carchex: Warranty Comparison, Lexus Warranty: Coverage Option Breakdown (Guide). Below is a list of parts covered by the Platinum warranty plan. Cancellations will be prorated if applied for after 30 days from the issue date. 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. You can cancel your VSA within 30 days for a full refund, less a $50 processing fee (as permitted by state law). Make sure you can choose the mechanic you want. Lexus Warranty & Coverage | Parts & Service | Lexus Canada The company offers six distinct levels of coverage, which are easy to research on the Endurance warranty website. One way to find out is by looking at your Lexus reliability. All plans cover vehicles for up to 4 years/50,000 miles, whichever comes first. PDF LFS VSA Platinum eBrochure - Lexus Financial | Lexus Financial Our review team prides itself on sharing accurate and unbiased information with consumers. Note:The purchase of a Vehicle Service Agreement voluntary protection product is optional, cancelable (subject to specific agreement terms) and not required to obtain credit. If the Disappearing Deductible option is selected and the selling dealer of the VSA performs covered repairs, the $100 deductible will be waived. Lexus Warranty Coverage Guide [Factory & Extended Warranty] When deciding whether to purchase a Lexus extended warranty, you should also consider your Lexus factory plan. Are there better third-party alternatives? There are several benefits from purchasing an extended warranty through a third party, such as: With that in mind, here are a few of our best tips when shopping for a vehicle service agreement: Check for your mechanic. If you find a provider that doesnt back up its coverage with some sort of guarantee, you probably shouldnt shop with that company. The average transmission replacement cost is between $1,800 and $3,400. Coverage expires upon reaching the maximum time or mileage of the coverage period selected, whichever occurs first. We recognize CARCHEX as the Best for Used Cars. Deductible applies to each eligible repair visit. Just look at these common repairs: While the Lexus extended warranty may seem convenient, you could end up saving by shopping around. What warranty coverage do I have on my new Lexus vehicle? There are often more coverage levels to choose from. L/Certified Limited Warranty is valid for a minimum of two years/unlimited mileage after the expiration of 4 year/50,000 mile new vehicle Basic Warranty, or two years from your L/Certified purchase or lease date, whichever occurs later. Lexus offers standard extended warranty options, and the manufacturers Platinum plan can give drivers comprehensive coverage at a reasonable price. Privacy Notice, and Valid receipts will be required for reimbursement. Coverage is subject to exclusions and limitations set forth in the Vehicle Service Agreement. The rest is pure profit for the car dealer. A Lexus extended warranty exceeds the 4-year/50,000-mile bumper-to-bumper warranty that comes with every new Lexus. Protection for used vehicles is only available in the dealership at the time you buy your vehicle. Certification & Warranty - Lexus What coverage does Lexus offer? Lexus warranty service is performed by Lexus-trained technicians using Lexus Genuine parts, and is available at any Lexus Dealership in North America. 30-day money back guarantee. Lexus Extra Care Gold Well give you a quick overview of what each company provides below. The factory warranty coverage for a Lexus is very short, which makes a Lexus extended warranty more appealing, even if Lexus vehicles are reliable and have generally low repair costs. All CPO Lexus vehicles come with any remaining Basic Warranty coverage, plus another 2 years/unlimited miles of bumper-to-bumper Lexus warranty coverage. Time and mileage coverage periods are measured from the date the vehicle was first put into service as a new vehicle and zero miles. Complete powertrain warranty plus some extra parts, Protects nearly all of the technology on the car. Most manufacturers provide basic, powertrain, and corrosion warranties. Aside from the coverage provided when you purchase a new vehicle, drivers can pick up a Lexus vehicle service agreement. The company boasts accreditation and an A+ rating from the BBB. is between $1,800 and $3,400. The most extensive Lexus plan, covering the majority of mechanical breakdowns, Includes powertrain coverage along with protection for parts like the climate control, steering, fuel system, brakes and more, Covers just the powertrain, including the transmission, axle assembly and engine components. There are three Lexus extended warranty plans. (I will probably not get to the 100,000 mile mark.) For the applicable time period and/or mileage limitations click below. When deciding whether to purchase a Lexus extended warranty, you should also consider your Lexus factory plan. 1-800-874-7050, Monday through Friday, between 8:00 am - 8:00 pm in your local time zone. This warranty is directly from Toyota and any warranty work will need to be done at your Toyota dealer or any Toyota dealer in your state or any state in the USA or Canada Please feel free to give me a call I would be happy to go over the warranty with you. The Lexus Gold extended warranty plan covers fewer parts than the Platinum plan; however, the Gold plan includes a long list of eligible components and comes with flexible term limits. Editorial Note: This content was researched and produced by Motor1.coms expert review team. Plans often cover high-mileage vehicles and. Partner content: This content was created by a business partner of Dow Jones and researched and written independently of the MarketWatch newsroom. The Lexus Platinum extended warranty is the most comprehensive of the Lexus vehicle service agreements offered and includes repair costs for mechanical breakdowns after the factory warranty expires. The benefits stated here are subject to change or may vary slightly based upon the purchase date of the Agreement. If you are a Lexus owner, you should be prepared to pay for some of these costs over your vehicles lifetime. L/Certified Prepaid Maintenance Plan. In this article, we reviewed Lexus factory and extended warranties and compared their cost and coverage with those from leading third-party extended providers. Only you know what you really want in a provider. 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. Coverage provides up to $50 per day for a maximum of 5 days per occurrence. For the Silver powertrain plan with 6 years/100,000 miles of coverage, we were quoted $182.78 for 18 months with a $100 deductible. The Lexus factory warranty includes 4 years/50,000 miles of bumper-to-bumper warranty coverage and 6. Below are common questions asked by Lexus owners regarding extended warranties for Lexus. Because Lexus is a luxury vehicle, you may pay more for extended warranty coverage. Benefits of a Third-Party Warranty for Your Lexus, Covers powertrain components like the engine, transmission case, transaxle, and transfer case. Below, well explain why it may be better to skip the Lexus dealership and instead turn to reputable third-party providers like.
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