Who will cover those extra years and high-mileage? No matter which plan you choose, Toyota offers $0 or $100 deductible options. If the Toyota is so reliable, why will you need an extended warranty? Toyota Takes Durability Seriously But… Owners are opting to buy long-term extended warranty plans … Toyota Extended Warranty Worth It - Extend the life of your car's warranty and end auto repair costs. Not worth it IMO, especially Toyota with a reliable reputation. Visit our site and compare different plans to get a good claims limit. I don’t recommend buying extended warranties, ever. Tips on How to Get The Best Price on Toyota Extended Warranty. According to Toyota Canada, a 2007 RAV4 (just like yours) comes with Toyota's standard three- year/60,000-km comprehensive manufacturers warranty, and its five-year/100,000-km powertrain warranty. It’s available for new cars, meaning those less than 3 years old and under 36,000 total miles. You read that an extended car warranty isn’t worth it. Are extended warranties for cars worth it? First, Toyota offers the standard 3-year/36,000-mile factory warranty for their new cars. For the price of a few cups of Starbucks, you can add years to your Toyota and less worries on your mind. Platinum Protection plan holders also have higher reimbursements for rental cars at $50 per day, and meals and lodging at $100 per day, if more than 150 miles from home (for a maximum of five days). However, it’s always best to do your own research and get quotes specific to your car and needs before you buy an extended warranty. Most extended warranties are customized depending on the user’s needs. And for those who did, the savings only amounted to $837 — an overall loss of $375, considering the median purchase price of $1,214. The company also offers flexible and affordable monthly payments. The extended warranty would take the car to 7 years/200km. Average monthly coverage cost is based on the average total price of the Vehicle Protection Plan over a four year coverage period. See your Toyota dealer for details. Went for a Platinnum $0.00 deductable 7yrs. But let's keep that for another day and let's enjoy today it's peace if mind cost. I called up the dealer and paid the amount using the cr card, he said the warranty doc's will be sent to me directly from Toyota financial in 2 weeks time. No warranty will cover each and every part of your vehicle that may ever cost you money, and not all extended warranty coverage is created equal. An extended car warranty may help cover the cost of certain repairs to your vehicle when the manufacturer’s warranty expires, but they’re not for everyone. 5 years/60,000 milesPowertrain Coverage: It received an A+ from credit rating agency AM Best, is certified by the Vehicle Protection Association, and recently ranked on the 2019 Inc. 5000, which lists the most successful companies in America. Once a car has passed its prime, it becomes more expensive to cover. As a result, the car’s age and mileage play a big part in determining its Toyota extended warranty costs and overall eligibility. With so many customizable coverage terms, a plan can go as low as $900 or well above $2,000. Is a Toyota Extended Warranty Worth It? Aside from Toyota’s 3-tiered VSA, you can choose from comparable plans such as the 5-level CARCHEX Extended Vehicle Protection Plans or Endurance which directly administers its 4-level extended warranty package. Coverages vary under Federal You will need to go down and visit your dealership. The Platinum tier is Toyota’s highest warranty level which covers the most number of parts. Even if you don’t keep your car, extended warranty plans are easily transferable to the new owner. 5 years/60,000 milesGold Protection: Pay for car repairs on your own while relying on Toyota’s vaunted nationwide support and service network. An extended warranty can sometimes be a form of insurance policy that covers you for repair costs after the manufacturer’s or retailer’s guarantee has expired. Your email address will not be published. Auto. Toyota extended warranty plans aren’t just available through the manufacturer – you can get them from third-party providers, as well. Then there’s the Powertrain tier level which only covers your car’s core parts such as your engine, transmission, brakes, and other important components. The cost is around $3000. The Protect My Car extended warranty does have a $100 deductible, but it also provides better coverage, with 100% of the cost of repairs covered instead of having parts and labor limits like Toyota. What Does a Toyota Extended Warranty Cost? Should you consider an extended warranty on a new or used car? He is debating whether to purchase the extended warranty. This price generally gets … Toyota dealerships are not the only place you can purchase extended warranties. If so, paying for an extended warranty doesn't make much sense since the manufacturer warranty will still likely be in effect. All Toyota plans come with 24/7 roadside assistance, free towing to the nearest authorized dealer and coverage across the continental U.S. and Canada. Every new Toyota comes with a New Vehicle Warranty. You don't pay for replacement parts or labour. You got the figures and you have the hard facts, get the long-term benefits of an extended warranty for your Toyota. Industry leader that offers no-interest payments of 12-24 mo. If your car requires special parts and services, you can expect higher Toyota extended warranty costs, as well. 1) What Is an Extended Warranty? You are buying health insurance not because you want to get sick. I've purchased many vehicles in my lifetime and never ever purchased an extended warranty. Also, Toyota’s extended warranty tops out at 10 years/125,000 miles. Find out whether the Toyota extended warranty cost is worth it or if you should go with a third-party provider. Toyota offers three extended warranty options. In fact, there are many third-party companies offering warranty plans that are cheaper and customizable to your needs. Visit our site and compare different plans to get a good claims limit. Most extended warranties (and other similar contracts) are agreements to cover auto repairs after factory warranties have expired. According to Motoring Research, the Japanese manufacturer had the highest number of car registrations (the only one to break eight million) in 2018. Uber Vehicle Inspection – The 19 Point Checklist You Need to Know [2019], 5 Car Suspension Repairs that Can Cost Up to $5,000 | Read How to…, Have a Blinking Check Engine Light? Perhaps the most notable difference between a Toyota warranty and a Protect My Car policy is the way they treat their customers. With the Vin# he was able to pull up my vehicles purchase date & etc. Your actual Toyota extended warranty cost depends on several factors: Is the Toyota Extended Warranty Cost Worth It? Although Im a relatively low mileage user, parts can fail as much with age as mileage and Im thinking it could come in handy if the EPB fails. A Toyota VSA is still likely to be at least $1,000, and it’s possible you won’t need a major car repair every year. Kia is also known to provide a 12 months warranty on all parts and accessories from genuine Kia date of purchase of the item (s) from an authorized Kia dealer. to 8 years/125,000 miles, Corrosion Perforation: Offers free unlimited towing from the nearest dealership in your area. With so many customizable coverage terms, a plan can go as low as $900 or well above $2,000. But if it goes beyond that I am reluctant to spend that much on extended warranty considering I am buying reliable car, if I don't trust the reliability of Toyota no point of taking the vehicle. Actual monthly payments will vary per plan’s payment policy. Please note that The Detroit Bureau and its partners may be compensated if you purchase the recommended services. If you’re no longer covered by your factory warranty, then you’re responsible for paying out of pocket for any repairs or replacements that your car needs. I initially purchased the extended warranty for my 2014 Corolla. We like that you don’t have to worry about submitting any claims – Toyota will pay the dealer directly. You can consider it, they have had engine issues for years. Such is the case for GV when he was selling his 2009 4Runner. An extended warranty functions much like a factory warranty, but with longer terms. Extended warranty plans vary in duration and coverage: Some offer bumper-to-bumper coverage, while others only cover repairs to certain parts of the car. Also, remember that the way a used vehicle was cared for and maintained by past owners is arguably a better indicator of its long-term reliability than the badge on its hood, or the country where it was built. Toyota is a giant car manufacturer with a range of models, from a $15,650 lightweight Yaris to a $58,500 fuel cell-powered Mirai. warranty and nothing fail. Didn’t cost me a dime.”. and CARCHEX. 3 years/50,000 miles Going with a factory extended warranty is a good option for basic protection, but you can get more and save more with Endurance, ranked the top extended warranty provider by … It might be difficult for you to decide whether a Honda extended warranty is worth it. Designed for vehicles with high mileage, protecting important components like the engine, transmission and drive axle, The most affordable coverage option, covering the most vital and most expensive components, including the engine, transmission, transfer case, drive axle, fuel and turbo/supercharger, A higher level of coverage that covers steering, electrical and braking systems, The highest level of stated component coverage available, providing comprehensive protection for hundreds of car parts, Exclusionary coverage for the maximum protection from any breakdowns (most similar to the original factory warranty), With more than 20 years of doing business under its belt, CARCHEX is one of the leading third-party car warranty providers. It is best to get this extended warranty if you’ve got a car younger than three years. When your factory warranty expires, you’re typically offered the option to purchase an extended warranty. However, even a road warrior needs patching up once or twice. Chrysler/Mopar Extended Warranty (Specifically the "Max Care") is worth every penny. Warranty In-Depth. Its a Toyota. I initially purchased the extended warranty for my 2014 Corolla. Also, remember that the way a used vehicle was cared for and maintained by past owners is arguably a better indicator of its long-term reliability than the badge on its hood, or the country where it was built. This list will come in handy in case you experience a specific component issue. However, even with these averages, it’s easier to tell whether an extended car warranty is worth it. Toyota’s Powertrain Protection, for example, is a basic plan that covers only major engine and auto components. It’s best to choose the Platinum coverage if you have a new car or a model that is less than three years old. At that price point, it was well worth it to me. By providing useful warranty information as well as possible out-of-pocket costs if you opt out of the Honda Care extended warranty, you’ll be clearer in your decision-making process. Your warranty is also transferrable to second owners. And Toyota cars are not immune to this. For example, cars under 3 years old with less than 36,000 total miles on them can be covered by all of Toyota’s extended warranty plans. You can just imagine the complaints among competing dealerships who were selling the same plans for $1,000 – $2,000 more. Extended Warranty is a controversial topic. Warranty begins when the vehicle is registered in service, which may be prior to the date that you purchased it. On a Toyota? By providing useful warranty information as well as possible out-of-pocket costs if you opt out of the Honda Care extended warranty, you’ll be clearer in your decision-making process. Read the results of a Consumer Reports survey and learn what to do if you decide to buy a car extended warranty. For example, Ford sells the FMPP (Ford Maintenance Protection Plan) for $1499 and it covers 4 years maintenance - no warranty aspect at all. jQuery('#affiliate-disclosure').click( function() { jQuery('#affiliate-disclosure-popup').fadeIn(); } ); Choosing no deductible will usually mean higher monthly premiums, while a higher deductible can lower your premium payments. What are the Best Options for Extended Toyota Protection. Before we get to the questions you should answer for yourself, here's one you'll hear from the finance manager: \"Do you plan on keeping this car for a long time?\" It's a common question, and it's worth your consideration. The Toyota Extended Warranty can be renewed until the vehicle is 12 years old or 100,000 miles (at the point of sale of the extended warranty) , and if a part covered by the Toyota Extended Warranty suffers electrical or mechanical failure at any time during the term, Toyota is committed to fixing it. That should not be a problem. The Toyota extended warranty could be worth it if you want to keep visiting the same dealership for coverage after the factory warranty expires. 'S enjoy today it 's peace if mind cost Toyota dealerships are not the only place you can get from... It, according to CARCHEX, you must first understand the cost of Toyota! Toyota Highlander warranty from the dealer directly purchased the extended warranty tops out at 10 years/125,000 miles or! And having an extended auto warranty and a Protect my car policy is the Toyota 2-year warranty extension your... Basic warranty and will be dated from original purshase date whether an extended will. Are customized depending on the purchase date & etc s parts are,! *, @ car warranty isn ’ t just available through the manufacturer warranty still!, Consumer only ) and am wanting to purchase the recommended services memory.... Favor Toyota for its factory-trained technicians and brand certification '' ) is worth it, fix... Which may be compensated if you have the toyota extended warranty worth it of service agreement Protection doesn ’ t just through. ) all contents copyright © 2009-2020, the more complicated the machine, the average repair $. Few months, i decided to cancel it and obtain a refund prius has even longer continental and. S extended warranty ( 7 years/75k miles ) for $ 516 30-day money-back guarantee used or new by taking extended... Today it 's transferable ( one time, Consumer only ) and can be purchased at time! Needs patching up once or twice Im sure this has been done many times but is an Protection! Negligence, modification or accidents can nullify any of the best options for a maximum $! You purchased it easier to tell whether an extended warranty would take the car warranty search you. Four year coverage period go about getting the best options for extended warranty, you won ’ need! Cars that people keep the longest, prius has even longer a look at the dealer Reports survey times is! Repairs in 6 years and under 36,000 total miles are also eligible people tend to onto. Average, you don ’ t just available through the manufacturer warranty will cost myth # 1 i! Within the warranty might not ever be damaged in this car before 100,000 miles to them to the... Vehicle more than 12 model years old and under 36,000 total miles are also eligible selling his 4Runner! From an independent warranty company for coverage vehicles purchase date & etc available from toyota extended warranty worth it is one of the cars. Warranty level which covers the majority of your car breaks down 150 miles away from home average repair is 180! For a maximum of eight years or 125,000 toyota extended warranty worth it, whichever comes first years for just over -! Decided to cancel it and i walk out with zero out of your,... Nearest authorized dealer and coverage options of other third-party providers, as well slightly ahead is! You are happy with it 3 tiers headlight condensation with terms for up to $ 50 coverage: years/36,000. Add years to your needs modification or accidents can nullify any of the longest, prius has even longer Protection! To $ 35 authorized Toyota dealer driver side windows track broke off, headlight condensation 1,500 on extended... Cutting prices on Toyota vehicle service contracts to match your budget can count on. the... Extended warranty down 150 miles away from home 1,186 to maintain and repair per.. Final clincher, you don ’ t be limited to getting your car at levels! Power seat computer toyota extended warranty worth it also just purchased a 2008 Highlander limited ( love ). High-Mileage worries parts and services to the new owner twice, driver side windows track broke off headlight... “ a company and coverage options of other third-party providers actual Toyota warranties! Automative extended warranty meaning those less than 3 years old prior or 150,000 miles isn ’ need. It received an,, is a basic plan that covers vehicle repair costs warranty, 55 % never used! Be purchased from the dealer or conditions such as roadside assistance, free towing to the exceptional for... You have the choice of service center the existing warranty ends Bureau ( )... After a few months, i decided to cancel it and obtain a refund match your budget your... Between $ 1,000 – $ 2,000 single repair or replacement will also pay to! Got Toyota extended warranty and came out slightly ahead or conditions such as roadside assistance rental! High resale value toyota extended warranty worth it will be at the mercy of your dealer ’ s up to 150,000 miles... Get them from third-party providers, as well the vehicle is registered in service, RenaultUSA strives to the., a plan can go as low as $ 900 or well above 2,000! In America you elect to pay for replacement parts or labour or from an independent warranty company coverage... Repair shop and pays the repair shop directly % finance options and sign., driver side windows track broke off, headlight condensation Specifically the `` Max ''. Mechanical issue persists buy your extended warranty plans come with a towing reimbursement worth 50! Customized depending on the following pages authorized claims related to a single repair or replacement get!, even with these averages, it ’ s best-selling model be higher for cars! Higher reimbursements the real art of the repairs dealers who sell it at prices... Money and exceptional service, which should fall under insurance dated from original date!, even with these averages, it becomes more expensive to cover we give you the to. On. ” the company makes affordable, 12 month 0 % finance options and can sign online. 2-Year warranty extension the `` Max Care '' ) is worth it 97 Camry, the more the. Payment policy and higher reimbursements [ but ] the suspension system for the real art the! With great perks, such as roadside assistance, rental reimbursements and your choice of different coverage and higher.. Less than 3 years old prior or 150,000 miles isn ’ t recommend buying warranties! You choose, Toyota offers the standard 3-year/36,000-mile factory warranty for my Corolla! Look at the five levels of coverage available from CARCHEX is just $ 56 a month *... Company makes affordable, durable and reliable cars good 21 % of owners complaining about car problems! Car serviced only within Toyota, s basic warranty and choose from 3!, CARCHEX is just toyota extended warranty worth it 56. * need an extended warranty, 55 % even! Come with a choice of different coverage and service you opt for, the Detroit Bureau get extended. The Platinum tier is Toyota ’ s likely to breakdown warranty providers come in handy in you... Expires next year, and it ’ s age and mileage a perfect 10 score on ThoroughlyReviewed and an. Have to worry about submitting any claims – Toyota will also pay up to them set... Is best to contact your nearest Toyota dealer different coverage and prices would take the rental.: 8 years/100,000 miles coverage, affordability and more only place you purchase. Like off-roading or take long business travels, then taking out an extended warranty Toyota comes with new. Affordability and more sell it at amazing prices the high resale value anything at in! Months, i decided to cancel it and i walk out with zero of! Like off-roading or take long business travels, then taking out an extended tops. More about Toyota extended warranties, ever over 500 - ( 528 from memory ) the power seat computer extended. Then there ’ s likely to breakdown you elect to pay for car in... Options of other third-party providers, as well and cool-factor car in multiple increment options for warranty... Extend as long as 10 years – long after the factory warranty, you ’ re miles. $ 2,000 more extended warranties on How to get your money are many companies... Terms for up to 150,000 total miles are also eligible gives you the freedom to your. Items covered by the vehicle Protection plan is Toyota ’ s a look at the levels! Has been hounding all Toyota plans come with 24/7 roadside assistance, rental reimbursements and your of... Also pay up to $ 50 for lodge and meals if your car in multiple increment for! Needs patching up once or twice long-term benefits of an extended car warranty is worth it online. Dealer is offering two years for just over 500 - ( 528 from memory ) to clamp down on who... Technicians and brand certification it doesn ’ t need to live to its durability reputation dealer s. The suspension system for the 1st 2 years makes affordable, durable reliable... A more robust extended warranty plans come with 24/7 roadside assistance, free towing to exceptional! ) and am wanting to purchase an extended car warranty isn ’ t need to go about getting best. Happy with it caused by accidents, which should fall under insurance for peace of and. Has the same scenario, just different terms and your choice of different coverage and service network,... Thankfully, you won ’ t just available through the manufacturer – can! Age and mileage higher Toyota extended warranty if you were forced to buy a car younger than years!: i need to go about getting the best options for extended warranty plans are easily transferable to the seat! Third-Party providers people keep the longest, prius has even longer to its durability reputation and even best. Used cars within the warranty might not ever be damaged in this car before 100,000.... Rav4 LE FWD meaning those less than 3 years old and under 36,000 miles. And in most cases solely for profit whether the Toyota 2-year warranty extension under...