lexus platinum extended warranty coverage

To learn more about our editorial integrity policy and how we make money through affiliate partnerships, read our full disclosure here. $0 or $100 disappearing deductible per eligible repair visit. This option covers fewer components but requires a lower premium. Coverage can be selected for cars up to 8 years/200,000+ miles. 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. Lexus offers car buyers three tiers of extended warranty coverageto keep them on the road longer. This covers the hybrid battery control module, hybrid control module, and inverter with converter. When deciding whether to purchase a Lexus extended warranty, you should also consider your Lexus factory plan. Every new Lexus vehicle is backed by a limited Lexus manufacturer warranty coverage for 48 months or 50,000 miles. Coverage is subject to exclusions and limitations set forth in the Vehicle Service Agreement. The site determines reliability scores by evaluating the following criteria: In this case, severe refers to any repair that costs more than three times the average annual repair cost for all models, or $1,956. This extends the basic factory warranty coverage by 1 year/50,000 miles. 2 Including convertible tops and/or vinyl tops including, but not limited to: any vibration, deterioration, discoloration, disfigurement, warping, fading, staining, stretching, ripping, punctures, tearing and . 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. 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. 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. We want you to find coverage that gives you peace of mind. You also have the option to cancel your Lexus extended warranty. To see how much you would pay for third-party coverage, click below. Lookup Safety Recalls & Service Campaigns. With all of the coverage options, except for the Silver and Bronze plans, you can get coverage for a maximum of 10 years. Youll get both a cost estimate for your specific vehicle, but also a taste of each companys customer service. Available during or after financing or lease. Typical basic coverage lasts for three years, and powertrain coverage lasts for five years. Subscriber Agreement & Terms of Use, While Lexus vehicles ranked sixth in the J.D. How long does Lexus extended warranty last? Valid receipts will be required for reimbursement. Below is a list of parts covered by the Platinum warranty plan. When we called CARCHEX with questions, the representatives were friendly and didnt pressure us to buy. After reviewing industry leaders in the vehicle service contract industry, we found that. Lexus factory warranties include a bumper-to-bumper plan, a powertrain warranty, a hybrid warranty, corrosion protection, and a service protection plan. Learn More. Check Price. Time coverage periods are measured from the expiration of the L/Certified Limited Warranty. Protect eligible components like the engine, transmission, front- and rear-wheel drive systems and more. Powers. 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. Vehicle Service Contracts | Assurant Aside from the coverage provided when you purchase a new vehicle, drivers can pick up a. . You can get a full refund (minus a $50 processing fee) if you cancel within 30 days, and a prorated refund thereafter. The company offers six distinct levels of coverage, which are easy to research on the Endurance warranty website. 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. Your online account access will be available shortly. The L/Certified warranty includes both bumper-to-bumper and powertrain coverage, and it gives owners complimentary maintenance for 2 years/20,000 miles. Lexus Warranty | Lexus.com Available during or after financing or lease. A Lexus extended warranty may be a good idea, especially given that the Lexus factory warranty expires after only a few years. Lexus does offer a detailed roadside assistance package as part of their extended warranty. (I will probably not get to the 100,000 mile mark.) You can choose one of the companys flexible payment plans and a no-down payment option. With Endurance, customers can choose between $0, $50, $100, or $200 deductible options, and repairs can be completed at the dealership or any repair facility certified by the National Institute for Automotive Service Excellence (ASE). Call Directly: 877-350-1136. For example, you can transfer an extended warranty with a CARCHEX plan for $50. TMCC is the servicer for accounts owned by TMCC, TLT, and their securitization affiliates. However, for customers who want to guard against the possibility of a potentially pricey repair, an extended warranty can bring peace of mind. Purchasing additional coverage is usually a smart choice if you want to drive beyond the factory warranty. All plans include 24/7 roadside assistance and rental car reimbursement. There are often more coverage levels to choose from. Additionally, Lexus will provide a loaner car if repairs will take over eight hours. Car warranties are intended to act as guarantees that an automaker has produced a quality product. What Does A Lexus Extended Warranty Cover? Knowing what is and is not covered by the Lexus warranty can help you save hundreds or even thousands of dollars on repair costs. You can get a Platinum or Gold extended warranty for your used Lexus, tooas long as it is less than 10 model years old and has fewer than 125,000 miles on it. Independent companies can be good options for long-term Lexus extended warranty coverage, as long as you do business with a r. If you plan on keeping your Lexus for a while, you may want coverage throughout the life of the vehicle. is one of the top third-party warranty companies with flexible options for Lexus vehicles. Partner content: This content was created by a business partner of Dow Jones and researched and written independently of the MarketWatch newsroom. All new Lexus vehicles come with the following limited warranty protection: Certified pre-owned (CPO) Lexus cars are protected by a 3-year/100,000-mile basic warranty. 30-day money back guarantee. Plans range from 2 years or 20,000 miles all the way up to 5 years or 90,000 miles. 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. You also dont have to pay interest on an extended warranty if youre financing. : Our research team reviews sample quotes for a variety of plans and vehicles. While Mercedes Benz, Audi, and BMW all extend their warranties from 50,000-100,000 miles, Lexus' warranty protection ends at 3-years/100,000-miles with no extension. You want protection in case you arent satisfied within the first 30 days of ownership. Lexus owners can purchase an extended Lexus warranty for any vehicle that is fewer than four years old and has less than 50,000 miles on the odometer. *For a complete list of components covered, visit the Lexus website. Whether you need a Lexus extended warranty depends on what model you own and if you plan to keep it. Even though the Lexus extended warranty is fairly comprehensive when it comes to replacing parts that have failed due to defects in materials or workmanship, it doesnt cover everything. There are three Lexus vehicle service agreements available: Drivers can choose between a $0 or $100 disappearing deductible. For the applicable time period and/or mileage limitations click below. If you go against this, your repair wont be covered, or you might void your warranty. Lexus Platinum Plan Your peace of mind is our number one priority with our most comprehensive coverage plan *. However, according to RepairPal, Lexus vehicles are above average in terms of reliability and have a low annual repair cost of around $551. If you want to extend your session select the "I'm back" button. Ineligible vehicles include taxis, shuttle, commuter, professional, 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. Coverage expires upon reaching your selected time of the coverage period. Should You Get Extended Warranty Coverage? Make sure you can choose the mechanic you want. Only you know what you really want in a provider. Tire & Wheel Protection | Lexus Financial Prices will vary, and the cost may be included in your vehicle financing when you purchase from a dealership. If the Disappearing deductible option is selected and the selling dealer of the VSA performs covered repairs, the $100 deductible will be waived. What is covered under the Lexus extended warranty? Customer service is an area where CARCHEX stands out from other providers. One way to find out is by looking at your Lexus reliability. The three extended warranty plans offered by Lexus come with various levels of coverage for component parts and systems. Copyright 2023 MarketWatch, Inc. All rights reserved. If you find a provider that doesnt back up its coverage with some sort of guarantee, you probably shouldnt shop with that company. Lexus Extra Care Platinum This tier is the highest and covers everything the other two tiers do as well as additional components like pedals and door handles. 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. When deciding whether to purchase a Lexus extended warranty, you should also consider your Lexus factory plan. When we called CARCHEX with questions, the representatives were friendly and didnt pressure us to buy. You dont want to get caught paying for repairs and waiting for reimbursement. New Vehicle | Lexus Financial Well give you a quick overview of what each company provides below. Covered components are subject to change. The deductible is the dollar amount you pay for authorized claims related to a single repair visit. All Travel Protection benefits are valid only if your vehicle becomes inoperable due to mechanical breakdown of a covered component. If you find a provider that doesnt back up its coverage with some sort of guarantee, you probably shouldnt shop with that company.

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