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.
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.
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:
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.
CARCHEX offers you a better way to buy an extended warranty.
Call CARCHEX today at 866-261-3457 or get a free quote online.
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
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