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Extended Warranty for Your Toyota | 5 Tips from CARCHEX

Your new Toyota will come with a new vehicle warranty that covers the cost of most repairs or replacements usually for 3 years or 36,000 miles, whichever comes first. If you want additional protection after that, you will need an extended warranty. Let the experts at CARCHEX help you find peace of mind on the road.

What To Expect From A Toyota Extended Warranty

Just when you thought the haggling was over, your Toyota salesperson begins a hard sales pitch for an extended warranty that covers the cost of repairs or replacements after the new vehicle warranty has expired. The dealership is not the only place to buy vehicle protection.

Toyota offers three levels of warranty protection: Platinum, Gold, and Powertrain. All plans require you to have eligible repairs done at a Toyota dealership, and you’re likely to be stuck with a much higher car payment.

Shop Around For A Better Warranty

Experts agree that you should never take a the first warranty offer you find (usually at the dealership) without doing some comparison shopping. Here are five tips to help guide your search:

1. Don’t buy a warranty just because it is cheap.

2. Make sure you read the fine print looking for:

  • What is covered.
  • If there is a deductible for each eligible repair visit or each eligible repair.
  • The length of the warranty in time and mileage.
  • If the warranty is transferable to a new owner if you sell the car.

3. Get quotes from other warranty companies — like CARCHEX — before going to the Toyota dealer.

4. Buy a warranty only from a company accredited by the Better Business Bureau.

5. Make sure the warranty is backed by a reputable underwriter. Look for companies that have an A or A+ rating from A.M. Best.

Better Protection With CARCHEX

CARCHEX offers you a better way to buy an extended warranty.

  • We don’t haggle over prices. Instead, we use a customized quoting process that matches you with the best protection your budget will allow.
  • We offer five levels of vehicle protection plans giving you more options than the Toyota dealership.
  • A CARCHEX warranty will cover eligible repairs made at any licensed repair shop in the U.S.

Call CARCHEX today at 866-261-3457 or get a free quote online.

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Sources:

Edmunds: Five Questions to Ask before You Say Yes to an Extended Warranty

A.M. Best: Best’s Financial Strength Rating Guide

Consumer Affairs: Top 15 Extended Auto Warranty Companies for You

Top Ten Reviews: The Best Extended Car Warranty Services of 2016

Better Business Bureau: BBB Accredited Business Profile: CARCHEX

CARCHEX 118 Shawan Road, Suite 210 Baltimore, MD 21030 (FL License # E155490)

© 2018 Carchex. All rights reserved.

We proudly offer the CARCHEX No-Haggle, Lowest Price Everyday Guarantee™ for all of our auto warranty and car inspection programs.
Consistent with consumers’ understandings and expectations of the market in which CARCHEX operates, CARCHEX uses the terms “warranty”; “extended warranty”, “extended auto warranty”, “extended service protection plan” and similar terms to describe the more technical term “vehicle service contracts”. For more information, see this FTC link or learn more here or by reviewing CARCHEX’s website.
CARCHEX markets and sells extended warranties on behalf of third party extended warranty providers, and your extended warranty will be between you and the provider. This website site is intended solely for the purpose of providing general information regarding the purchase of extended warranties. Specific contract terms, rates, taxes, fees and other charges are determined upon validation of vehicle information and acceptance by the extended warranty provider, for which CARCHEX is not responsible. Extended warranties may not be sold where prohibited by law.
CARCHEX 118 Shawan Road, Suite 210 Baltimore, MD 21030 (FL License # W469753)
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