Estimates suggest that a Toyota extended warranty will cost between $1,000 and $1,500 when purchased from the dealer. This price generally gets wrapped up in your financing, so you end up paying interest on it. With a third-party provider, the absence of interest will help to lower your cost.
Is a Toyota Certified warranty worth it?
If you’re interested in buying a new Toyota without spending new-car money, Toyota’s certified pre-owned program is worth a look. It offers a nearly new vehicle with a fully manufacturer-backed warranty for added peace of mind. … That’s an increase of 2 years and 40,000 miles from the original powertrain warranty.
What does a Toyota Certified warranty cover?
From date of Toyota Certified Used Vehicle purchase. Covers most services, including flat tires, lockout service, jump starts, fuel delivery and towing for mechanical breakdown or collision recovery to the nearest Toyota dealership. Services provided exclude any parts required.
Can I buy a Toyota extended warranty?
When your Toyota factory warranty expires, you will likely be eligible for extended protection in the form of an extended warranty from the Toyota dealer. … Access to Toyota’s nationwide service and support network. Flexible coverage terms that last 3 to 10 years or 50,000 to 125,000 miles, whichever comes first.
How much does Toyota platinum warranty cost?
What Does a Toyota Extended Car Warranty Cost? According to Team Toyota: The Platinum Protection plan starts at $2,495. The Gold Protection plan starts at $2,295.
Can you negotiate a certified pre-owned car?
According to Cars.com, “You can – and should – negotiate on CPO (certified pre-owned) vehicles, just like you’d negotiate on any new or non-certified used car.” Shoppers should always remember that just like with other vehicles, there is always wiggle room in the price to ensure sellers earn a profit.
What month is it best to buy a car?
The months of October, November and December are the best time of year to buy a car. Car dealerships have sales quotas, which typically break down into yearly, quarterly and monthly sales goals. And all three goals begin to come together late in the year.
Is Certified Pre Owned worth it?
Dealers tout CPO cars as the better choice because of their extended warranty, near-mint condition, and savings over buying new. But CR’s auto experts say that a regular used car can be a better value.
What does the Toyota 100 000-mile warranty cover?
7 Year / 100,000-mile Limited Powertrain Warranty
Covers major engine, transmission comp-onents and all internally lubricated parts. Provides substitute transportation reimbursement while your Toyota Certified Used Vehicle is undergoing repair. It’s transferable at no cost, for added resale value.
How long does Toyota warranty last?
Basic Coverage is 36 months/36,000 miles, whichever occurs first, from the date of first use and covers all components other than normal wear and maintenance items. This warranty covers repairs and adjustments needed to correct defects in materials or workmanship or any part supplied by Toyota, subject to exceptions.
Should I buy extended warranty at dealership?
If you hope to keep your car for 10 years and it only comes with a three-year/36,000-mile warranty, you might consider extended warranty coverage for peace of mind for the first couple of years after your new car warranty expires. … If you see low scores, that’s a hint that an extended warranty might be a good idea.
Is it worth buying an extended warranty?
Extended warranties are rarely worth your money. Products don’t break on their own, and when they do, the price of repairs is usually lower than what you’d spend on an extended warranty. … In most cases, it’s best to skip the extended warranty and use your extra cash to build up an emergency fund.
Can you negotiate extended car warranty?
It’s important to note that dealers will markup the price by as much as 200%, so you should ALWAYS negotiate the price of an extended warranty. … They will usually offer you a better price at that point. You can keep asking them to do better or tell them you’re not interested until they won’t bid any lower.
Should I buy Toyota platinum warranty?
Conclusion. For most drivers, it makes sense to purchase a Toyota extended warranty. The manufacturer will cover you for up to 10 years/125,000 miles and provide perks like roadside assistance. Third-party providers like Endurance and CarShield offer similar levels of coverage and service for an affordable price.
What is covered under the Toyota platinum warranty?
The Toyota Platinum Warranty is the highest level of electrical, mechanical breakdown protection offered by Toyota. The plan pays parts and labor for repairs on the engine, transmission, computer, air conditioning, radiator, fuel system, steering, suspension, electrical, and all other parts not on the exclusion list.
What is the Toyota platinum package?
Highlander Platinum Package Features:
Panoramic Moonroof. Heated Steering Wheel. Heated Second-Row Outboard Seats. Rain-Sensing Windshield Wipers.