Lexus Extended Warranty

Once the manufacturer’s warranty expires on your Lexus, you could be hit with inconvenient and costly repair bills. To avoid expensive costs and stay covered after the Lexus factory warranty expires, make sure you’re protecting your investment and your vehicle with a Lexus extended warranty.

Let the experts at CARCHEX help you find the best extended coverage for you and your vehicle.

What Does a Lexus Warranty Cover?

All Lexus cars are backed by a manufacturer’s warranty that gives exclusionary coverage to drivers for a few years.

Here’s what a basic Lexus factory warranty covers:

• 48-month / 50,000-mile basic warranty, or the Lexus bumper-to-bumper warranty, which covers repairs and adjustments for defects in parts and workmanship supplied by Lexus.
  • Wheel alignment and balancing are only covered for 12 months, or 12,000 miles, whichever comes first.
• 72-month / 70,000-mile Lexus powertrain warranty, which covers major systems like the engine, transmission, transaxle, and front- and rear-wheel drive systems that are original to the vehicle.
  • For hybrid vehicles, this also includes a Hybrid System Warranty, which lasts 8 years or 100,000 miles.
• 72-month / unlimited mileage corrosion perforation warranty, which covers repairs and replacements for original body panels that rust through.
  • 12 month / unlimited mileage parts warranty, which covers repairs and replacements for faulty parts.

Why Do I Need a Lexus Extended Warranty?

Recent Lexus vehicles are recognized for their reliability. In 2018, Consumer Reports named Lexus one of their top five brands. J.D. Power also named these Lexus models some of the most dependable when compared to other vehicles:

• 2015 Lexus CT 200h—Small Premium Car
• 2015 Lexus ES 350—Compact Premium Car
• 2015 Lexus RX 350—Midsize Premium SUV
• 2015 Lexus GS 450h—Midsize Premium Car

Even though a Lexus is a relatively stable car, it is not unlikely that it will experience a variety of issues over time.

Eventually, your basic factory warranty will expire, leaving you with expensive repair costs for these vehicle parts. With an extended warranty, your Lexus will be covered and you won’t have to worry about pricey repairs.

What Is Covered by an Extended Warranty?

An extended warranty will provide coverage of your vehicle after your manufacturer’s warranty expires. This is a smart investment because it ensures that your vehicle will be protected even though you are not covered by the manufacturer.

There are two types of extended warranties:

• Exclusion Warranty—Commonly referred to as a bumper-to-bumper warranty, an exclusion contract will list the items that are not covered. Typically, these items include oil changes, tires, batteries, and regular maintenance. If your contract does not mention a part, then it will be covered under the contract.
• Inclusion Warranty—These contracts come with a list of exclusions and a list of what is covered under the contract. If a part breaks and is mentioned in the contract, a claim for this repair will be paid.

Take a look at what is covered by an extended warranty:

Extended Warranty for Lexus Vehicles

After your Lexus new car warranty expires, the dealership offers vehicle service agreements for new, L/Certified, or used vehicles through Lexus Financial Services.

There are three plans available for new and used Lexus vehicles:

• Lexus Extra Care Platinum—As the most comprehensive protection, this is a Lexus bumper-to-bumper warranty that covers most parts of your vehicle.
• Lexus Extra Care Gold—This coverage level includes more components than the powertrain warranty but less than Platinum plan.
• Lexus Extra Care Powertrain—This Lexus powertrain warranty includes the engine, transmission, front- and rear-wheel drive systems, and related parts.

If you have a L/Certified vehicle, your Lexus extended warranty option is called the Lexus Extra Care L/Certified Plan. This includes protection for eligible components and covers the cost of mechanical breakdowns.

All Lexus protection plans includes:

• 24/7 roadside assistance and reimbursements for car rentals, meals, and lodging
• Coverage terms based on your mileage and how long you plan to keep your Lexus
• Repairs made at their nationwide service network, performed by Lexus factory-trained technicians

In addition, Lexus extended warranties are transferable at no cost. However, the warranty can only be transferred once from the original owner to a private party.

Lexus Extended Warranty Cost 2018

The average cost of a CARCHEX Vehicle Protection Plan for a 2007–2014 Lexus is just $78 a month.*

Whether you get your Lexus warranty from the dealership or a third-party company like CARCHEX, you can expect the cost of your warranty to be based on these factors:

• Level of coverage (number of components covered)
• Your vehicle’s age
• Your vehicle’s mileage
• Payment plan (i.e. if you pay a deductible)

Keep in mind that if you purchase a warranty from the Lexus dealership, the cost may be rolled into your car financing. That means that you could be paying interest in your warranty. When you’re negotiating the cost, make sure to ask the provider.

How to Get the Best Extended Warranty for Lexus Vehicles

In order to keep your Lexus safe after the end of your factory warranty, invest in an extended warranty. If you want to know how to get the best plan at an affordable price, there are a few factors you should consider when looking for a Lexus extended warranty.

• Make sure you can choose your mechanic. Always read the fine print in an extended warranty—many third-party extended warranties, and nearly all factory warranties, require that you take your car to a specific repair shop. Failure to do so can mean that you’re not covered, and in some cases, that you void your warranty.
• Make sure there’s a guarantee. If the warranty provider is not willing to stand behind their product, then neither should you. Make sure the warranty company offers some sort of money-back guarantee in the event that you’re not satisfied.
• Make sure you never have to pay out of pocket. The best warranty companies will pay claims directly to the repair facility, so you never have to foot the bill and wait around for reimbursement.
• Find a company that’s highly reviewed. Do the right research to ensure customers are satisfied and that auto experts endorse the warranty provider. Edmunds.com, Thoroughly Reviewed, RepairPal, CARFAX, the Better Business Bureau (BBB), and Motor Week are strong places to start.

See how CARCHEX compares to other third-party warranty companies.

CARCHEX Provides Various Coverage Options for Lexus Drivers

CARCHEX gives you the option to choose from five levels of extended coverage to cover your new, used, or certified pre-owned Lexus. The chart below outlines our coverage levels and the different protection plans categorized within them.

With these options, you have the ability to choose which extended vehicle protection plan is best for you. You could purchase a Bronze plan, which offers basic care of your engine, transmission, and drive axle components, while the Titanium plan could be a better fit since it covers most parts of your vehicle.

Here’s what one customer has to say about the affordable Vehicle Protection Plans at CARCHEX:

CARCHEX Warranty Benefits

CARCHEX is committed to providing the best customer service and coverage options on the market. With our Extended Vehicle Protection Plans, you’re entitled to:

• A Customized, Free Quote—When you call, receive an instant quote tailored to your budget, driving habits, car, and other factors.
• Flexible Payment Options—We offer affordable and flexible low monthly payment options that fit your needs. The average monthly coverage cost of a CARCHEX Vehicle Protection Plan for a 2007–2014 Lexus is just $78.*
• Your Choice of Repair Shop—With more than 30,000 repair facilities to choose from, you’ll be able to find a mechanic you trust.
• Extended Warranty Extras—Get free roadside assistance as well as rental car, towing, gas delivery, and trip interruption benefits.
• Hassle-Free Claims—We pay claims directly to the service provider, so you never have to wait around for reimbursement.
• Exceptional Customer Service—We boast a 99.9% customer satisfaction rating and an A+ score from the Better Business Bureau. In fact, our motto is Customer Experience Above All.
• 30-Day Money Back Guarantee—CARCHEX is proud to stand behind our product. If you’re not completely satisfied with your warranty, we’ll issue a refund within 30 days.

What’s more, we have partnerships and endorsements from industry leaders, including Assurant, DMV.org, CARFAX, The Motoring Club, AAA, and more.

Call CARCHEX for Your Free Quote Today

Find peace of mind and keep your Lexus reliable for years to come with the help of CARCHEX. Call 866-261-3457 to speak to an auto warranty and insurance specialist about your coverage options and get a free extended warranty quote for your Lexus today.

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*Figure accurate as of May 2017. Average monthly coverage cost is based on the average total price of the Vehicle Protection Plan over a four year coverage period. Actual monthly payments will vary per plan’s payment policy. Individual pricing is subject to change based on the combination of make, model, year, and mileage as well as coverage level and term length.

Sources:

Lexus: https://www.lexus.com/warranty

AutoWeek: https://autoweek.com/article/car-news/lexus-toyota-top-latest-consumer-reports-reliability-survey

J.D. Power: https://www.jdpower.com/Cars/Ratings/Dependability

RepairPal: https://repairpal.com/problems/lexus

Lexus Financial Services: https://www.lexusfinancial.com/us/en/vehicle_protection_plan/vehicle_service_agreements.html

Better Business Bureau: www.bbb.org/greater-maryland/business-reviews/extended-warranty-contract-service-companies/carchex-in-hunt-valley-md-23015869

Thoroughly Reviewed: https://thoroughlyreviewed.com/car-warranty/extended-car-warranty-company-reviews/

Motor Week: http://www.motorweek.org/features/goss_garage/