An unfortunate reality is that you could be hit hard with inconvenient and costly repair bills once the warranty has expired on your Lexus vehicle. A good way to have peace of mind is to ensure your car is protected through a Lexus extended warranty. The team at Warranty World will help you find the absolute best-extended coverage for you and your car.
Let’s examine exactly what does a Lexus Warranty cover. For starters, they are backed by a manufacturer’s warranty which for a few years down the road provides exclusionary coverage to drivers. Here is the basic breakdown:
- Under the Lexus bumper-to-bumper warranty, you’ve got a basic 48 months or 50,000-mile coverage. This essentially covers the whole kit and caboodle from repairs or adjustments due to a defect in parts and all workmanship.
- Next is wheel alignment and balancing which is covered for 12 months or 12,000 miles or whichever comes first.
- There is a 72 month or 70,000 mile Lexus powertrain warranty which covers key systems such as the transmission, engine, transaxle, and original front/rear end drive systems.
- If your vehicle is a hybrid, this will also include a Hybrid System Warranty that lasts 8 years or 100,000 miles.
- There is also a 72 month/unlimited mileage corrosion warranty. This will cover repairs and all replacements for original vehicle body panels that have rusted through.
- If original parts are in need of being replaced or repaired, there is a12 month/unlimited parts warranty.
Now at this point, you may be asking yourself, why would you ever need a Lexus extended warranty? Well, there are a few good reasons. One foremost reason is that Lexus vehicles are known for their reliability. In a recent consumer report, Lexus was named one of the most highly recommended top brands. J.D. Power has also named the Lexus models some of the most impressively dependable vehicles when compared with other comparable models such as:
- Small Premium Car: 2015 Lexus CT 200h
- Compact Premium Car: 2015 Lexus ES 350
- Midsize Premium SUV: 2015 Lexus RX 350
- Midsize Premium Car: 2015 Lexus GS 450h
A reality of owning a car is that while the Lexus is a stable vehicle, over time it will experience wear and tear issues. Ultimately, that is to be expected. That is a given. And as such, eventually, your basic factory warranty will expire. You must get defensive driving lessor before owning a car. You could be left with potentially expensive repair costs for parts and such. However, with a Lexus extended warranty, you will have peace of mind in knowing that your vehicle is fully covered against expensive repairs.
Through an extended warranty, you will have coverage after the original manufacturer’s factory warranty has expired. In the long run, this is a very smart investment. It will ensure that your vehicle is protected even though there is no coverage offered by the factory manufacturer.
But what are the nuts and bolts of an extended warranty? Well, there are two types:
- An Exclusion Warranty (bumper-to-bumper): This is a contract that lists items that are not covered. Typical items may include tires, oil changes, batteries and everyday regular vehicle maintenance. If the contract does not mention a part, then it will be covered.
- Inclusion Warranty: Under this contract, there will be a list of exclusions and what is covered under this said contract. A claim for the repair of a broken part will be honoured as long as the part is mentioned in the contract.
- Through Lexus Financial Services, the dealership will offer vehicle service agreements for certified new vehicles or used vehicles. For such new and used vehicles, there are three plan options available:
- Lexus Extra Care Platinum: This is the most comprehensive plan available. It’s an all-inclusive bumper-to-bumper essential parts protection. Lexus Extra Care Gold: This has less coverage than the Platinum plan, but it does include more components than what is offered under the powertrain warranty. Lexus Extra Care Powertrain: Essentially, this warranty will include the transmission, front/rear-wheel drive systems, the engine and all related parts. Lexus Extra Care L/Certified Plan: If your vehicle is certified, this warranty option means it will be eligible for coverage for components and mechanical breakdowns.
- 24/7 Lexus roadside assistance, including reimbursements for car rentals, meals and/or lodging.
- There will also be coverage terms based upon your car’s mileage and how long you potentially plan to keep your Lexus.
- You will also receive all repairs made by Lexus factory-trained technicians at their nationwide service network. In addition, at no additional cost, warranties are transferable. However, bear in mind that this transfer can only be done once and from the original owner to a private party.
- But, how much will this all cost? From 2018 figures, the average cost of a CARCHEX Vehicle Protection Plan for say a Lexus model covering the years between 2007 to 2014, is roughly $78 per month.
- Even if you get your Lexus warranty from a third-party company like CARCHEX or from a dealership, expect the cost of your warranty to be based upon the following factors:
- Your vehicle’s age and mileage
- The level of coverage, which is the number of the components covered
- The payment plan. For example, if you are paying a deductible.
When you’re negotiating the cost, make sure to ask your provider, when the warranty was purchased from a Lexus dealership, if the cost is included with the vehicle’s financing. This means that you could be paying interest in the warranty.
Naturally, being an informed consumer, you’re going to want to make sure that you’re getting the best value for your money. How can you determine you’re getting the best-extended warranty for your Lexus vehicle? How to ensure that when your factory warranty expires, you’ll want to know that your Lexus is fully protected. The investment in an extended warranty is recommended. You’ll want to get the best plan at the most affordable price. Here are some factors to take into consideration when examining a Lexus extended warranty:
Naturally, as the old axiom goes, always read the fine print. Especially when it comes to an extended warranty. Make sure that you are allowed to use a mechanic of your own choosing. For most factory warranties and many third-party extended warranties, you require that you take your vehicle to a specific repair shop. And if you fail to do this will mean that you’re not covered. And include to this a surprise turn that this may even null and void your warranty entirely. If a warranty provider is not willing to stand by and honour their product then you shouldn’t have to either, so most definitely make sure that there is a guarantee in place. And in a worst-case scenario where you’re not satisfied, make sure that the warranty company will honour a money-back guarantee. The most reputable warranty companies will pay any claims directly to the repair facility which means that there will be not out of pocket expenses for you. This way you won’t have to cough up the money and be put to the inconvenience of waiting for reimbursement. It is always wise to thoroughly do your homework and research a company that has been highly reviewed. Find out if customers are satisfied and if auto experts have vetted and reviewed the warranty provider. Many places can be found online such as the Better Business Bureau and Motor Week are just a few examples.
And another thing to take into account is that there are repairs which won’t be covered by certain situations. They are:
- Improper repair. This can be caused by an incompetent mechanic.
- Fire and/or accidents
- Vehicle abuse or negligence
- Environmental damage. This is also known as Acts of God. This includes windstorms, floods (water damage/contamination), hail, salt, snow, mud etc.
- Deterioration caused by normal everyday wear and tear.
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.
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.
REPAIRS CAUSED BY THESE SITUATIONS ARE NOT INCLUDED IN A LEXUS WARRANTY:
Abuse or negligence
Environmental damage, such as from windstorms, floods, hail, salt, etc.
Deterioration caused by normal wear and tear