Why a Lexus Extended Warranty is a Smart Investment
Lexus is a lot like its parent brand Toyota. Mostly because they continuously manufacturer reliable cars in the marketplace.
But reliability is atypical for any luxury brand. And unfortunately, Lexus cars have a notorious reputation for having high repair costs. That is why it is important for all Lexus owners to invest in a Lexus extended warranty.
The Toyota-backed vehicles from Lexus are among the best built in the world. However, drivers often ignore that they will eventually break down.
No matter how reliable Lexus vehicles may be, they do break down over time which is why there is so much misinformation when it comes to them.
This article will explore perhaps the most important Lexus extended protection option: vehicle service contracts- commonly referred to as extended auto warranties.
We are going to explore all of the benefits that come from continuing to invest in and protect your Lexus vehicle with extended vehicle protection. Everything you wanted to know about saving money on Lexus breakdown repairs and options for paying them will be covered.
To explore Lexus coverage we are going to address the following topics:
- About Lexus
- What is in the Lexus Factory Warranty?
- Lexus Manufacturer’s Warranty Expiration Dates.
- What is Excluded from the Lexus Warranty?
- Which New and Used Lexus Vehicles Qualify For Coverage?
- How Much Does A Lexus Extended Warranty Cost?
- Can You Get a Bumper to Bumper Lexus Warranty on New and Used Vehicles?
- What to Know Before Buying a Lexus Extended Warranty.
- Why You Should Purchase a Protection Plan for Your Lexus.
Lexus vehicles are among the most innovative and option-filled vehicles in the market. It is only fitting that Lexus owners get the same comprehensive options when it comes to protecting their car, crossover, or SUV.
For years, the brand Lexus has established itself as one of the must-buy luxury brands throughout the world and has successfully secured its place in the automotive marketplace.
When purchasing a vehicle of such a cultured class, an affair with high-ticket repairs must not only be expected but endured. Unless you choose to protect your car with a vehicle protection plan – commonly referred to as an auto warranty.
One question that many new car buyers and some used car buyers are routinely asked is: “Would you like to purchase an extended auto warranty for your Lexus?”
The answer to which will most certainly cause debate. This is because many drivers will argue that this coverage for your car is already provided for your vehicle by Lexus itself.
WHAT IS IN THE LEXUS FACTORY WARRANTY?
Lexus provides all new vehicles with the following coverage:
|NEW LEXUS LIMITED WARRANTY|
|72-month/70,000 limited powertrain warranty|
|48-month/50,000-mile basic bumper to bumper warranty|
However, where they fall behind their competitors is that they offer no extension on their warranty for power-train components (which generally includes engine, transmission, and drive axle).
Which is below par for most luxury vehicles. It is also a well-known fact that vehicles rarely break down during this time/mileage period. In fact, the majority of big-ticket items occur after your factory policy has expired. This is when you could be facing a bill that racks up thousands of dollars worth of repairs.
LEXUS MANUFACTURER CAR WARRANTY EXPIRATION DATES:
At most, the Lexus warranty will protect your car with the 6-year/70,000-mile powertrain warranty and the 4-year/50,000-mile bumper to bumper warranty. However, when this ends, each repair that is needed going forward is the responsibility of the owner and not Lexus.
That sounds like plenty of time, but the expiration date and mileage could come before you realize. To figure out when your Lexus warranty expires follow our chart below. To get a more precise date of expiration, replace the date “January 1,” with the date that you purchased your new Lexus sedan, crossover, or SUV.
Year Lexus Purchased: Lexus Warranty Expiration Date:
|January 1, 2018||January 1, 2024 or 70,000-miles|
|January 1, 2017||January 1, 2023 or 70,000-miles|
|January 1, 2016||January 1, 2022 or 70,000-miles|
|January 1, 2015||January 1, 2021 or 70,000-miles|
|January 1, 2014||January 1, 2020 or 70,000-miles|
|January 1, 2013||January 1, 2019 or 70,000-miles|
|January 1, 2012||January 1, 2018 or 70,000-miles|
|January 1, 2011||January 1, 2017 or 70,000-miles|
|January 1, 2010||January 1, 2016 or 70,000-miles|
|January 1, 2009||January 1, 2015 or 70,000-miles|
|January 1, 2008||January 1, 2014 or 70,000-miles|
|January 1, 2007||January 1, 2013 or 70,000-miles|
|January 1, 2006||January 1, 2012 or 70,000-miles|
|January 1, 2005||January 1, 2011 or 70,000-miles|
WHAT IS EXCLUDED FROM ALL LEXUS PROTECTION PLANS?
You may think that a factory warranty might be more inclusive than any protection plan from a third-party provider. But that is incorrect.
When it comes to protecting Lexus vehicles both the automaker and independent providers will exclude several items from repair coverage.
Lexus Factory Extended Warranty Exclusions:
- Standard Upkeep Items:
- accessory drive belts
- heating and vacuum hoses
- lines and tubes
- spark plugs
- windshield wiper blades
- Wear and Tear Items:
- brake pads
- shoes and drums
- manual clutches.
- Body and Interior:
- dash cover and pad
- door trim
- glass- including windshield
- interior and exterior trim and moldings
- covers and vents
- Accessories: wheels, radar detectors, and infotainment systems are not covered under any Lexus protection plan.
The key is to understand that only actual mechanical failures will be covered by any Lexus’ protection plan whether they come from the factory warranty or Endurance’s service contract.
However, after those first few years are up, you will be financially liable for all future repairs. This is where a Lexus used car warranty will be able to pick up where the factory coverage has left off.
WHAT NEW AND USED LEXUS VEHICLES QUALIFY FOR WARRANTY COVERAGE?
HOW MUCH WILL A LEXUS EXTENDED WARRANTY COST?
For several years the top-selling Lexus vehicle has remained the RX crossover/SUV. It continues to be one of the bestselling luxury SUVs in the market due to performance, reliability and genuine forward-thinking prestige.
However, like most luxury vehicles it is a high-maintenance car. Lexus drivers tend to take their cars in for service more often than regular Toyota owners.
Luckily for them, most of the repairs, parts, and labor are already covered for the initial years of ownership by their manufacturer’s warranty. But when Lexus owners are left without that safety net, they will need to pay out of pocket for what was once free.
Lexus is the “premium” brand for Toyota. That is why the repair and replacement of parts and labor on very common repairs can cost higher than average.
The following are the most common Lexus repairs and their average costs:
Head Gasket replacement—$757–$1,038
Oil Pump Replacement—1,477–$1,929
No driver or auto expert has the exact science to predicting when mechanical or electrical breakdowns will happen and to what extent. That’s why these repairs are referred to as “the unexpected” by many members of the auto industry. Every car on the road, including Lexus ones, are hiding unexpected.
Even cars as respected and acclaimed as Lexus will eventually break down over time and no driver will know when or where. And once the factory warranty expires, the cost is all on you.
It is for this reason that Endurance works to protect Lexus vehicles and their drivers from the high cost of auto repairs. Anyone of the above-mentioned repairs could potentially be fully covered by Endurance and that one repair alone could even pay for the coverage itself.
CAN YOU GET A BUMPER TO BUMPER LEXUS WARRANTY ON NEW AND USED VEHICLES?
Endurance isn’t an automaker. We focus solely on vehicle protection and that is why we can offer Lexus owners more flexible terms and coverage plans than dealer-sold options.
When it comes to Lexus vehicles, most Lexus owners might already need to have several major repairs done on their cars even under the factory warranty.
US News and Reports found that Lexus owners keep their cars upwards of 10 years and for more than 100,000 miles, which justifies the need for extended coverage.
It is best to begin shopping for extended coverage before your factory warranty ends. And there are many advantages to purchasing coverage from a reputable third-party provider.
Whether you are still under warranty or not, the longer you wait to protect your car the more expensive it becomes and the fewer options you may qualify for.
You don’t need to rely on just Lexus or Toyota to protect your car, Endurance can offer low-payments and fully-customizable plans.
WHAT TO KNOW BEFORE BUYING A LEXUS EXTENDED WARRANTY:
Lexus repairs are common when still under warranty. That gets Lexus drivers used to take their cars to their dealers and service centers. It’s also a reason why after the warranty expires the price on repairs becomes a shock: Lexus dealers charge extra for cars no longer under warranty.
With Lexus coverage from a third party and not a manufacturer, you do not have to solely get your work done with Lexus or approved Toyota dealerships. Toyota dealers control prices on repairs, parts and labor.
At Endurance, we believe in letting drivers choose their repair facility. Whether it be the dealership where they bought their car, a trusted mechanic, or a local chain repair facility, it is your choice!
AVERAGE REPAIR COSTS FOR LEXUS RX350 (FROM REPAIR PAL, UPDATED AUGUST 2018):
|Water Pump Replacement||from $498 to $1510|
|Head Gasket Replacement||from $2582 to $3276|
|Oil Pump Replacement||from $2492 to $2923|
|Alternator Replacement||from $1234 to $1442|
|Door Window Motor Replacement||from $358 to $513|
|Starter Replacement||from $680 to $807|
Reasons Why You Should Purchase an Extended Warranty for Your Lexus
1.) Every car will eventually break down–This golden rule applies to all makes and models, including the latest vehicles that are rolling out of factories all over the world. And while Lexus vehicles do have a higher reliability rating than others in the auto industry, a single costly and unexpected repair could end up breaking the bank.
2.)The cost of repairs can be brutal– Did you know that the average cost for a replacement transmission on a passenger vehicle is $3,090? Since cars that Lexus makes are at the higher end of the price spectrum you can surely anticipate a transmission restoration being costlier than a lower-priced vehicle.
3.)Protecting your vehicle will allow you to keep it longer– If you plan on driving your Lexus for longer than the factory warranty lasts (3-years or 100,000-miles), then purchasing extended coverage is a smart way of protecting your investment and ensuring you will be able to drive your vehicle into double, if not triple, the life of the factory warranty.
If you plan on trading in your vehicle only after a few years of ownership and upgrading to something newer, and in this economy, we can’t see many drivers today doing that, then extended coverage may not seem necessary to you.
However, a vehicle service contract from Endurance is a lot more flexible than you would think.
Benefits of an Endurance Protection Plan:
- Flexible Coverage Terms potentially up to 10 years or 150,000 miles.
- Accepted by Any ASE Certified Mechanic, Not Just Buick Service Centers.
- 24/7 Roadside Assistance for Complete Peace of Mind Behind the Wheel.
- Payment options for any budget.
- Award-winning customer service.
- Your choice of a licensed mechanic.
- Claims paid directly to the repair centers.
- A risk-free 30-day trial period with a money-back guarantee
We believe that you’re better being safe than sorry, and trust us when we say: your Lexus and bank account will thank you later. Call us for a free quote on vehicle protection from the nation’s top provider!
MORE INFORMATION FOR LEXUS OWNERS
While we certainly believe that every Lexus driver should have their car covered with extended vehicle protection, we know that some drivers will choose a “wait and see” mentality, merely waiting for each repair to be needed and paid for as they come. However, as we discussed before, that one repair can rally obliterate your bank account if you aren’t financially prepared for it.
Check out the sites below to learn more about Lexus and arm yourself with the knowledge you need to better protect your investment as a whole.
Lexus Phone Number: 1-800-255-3987
Lexus Website: lexus.com
New/Used Lexus Recalls: SERVICE BY LEXUS
General Recalls, Problems, and Defects: NHTSA.gov/Recalls
Lexus Owner Reviews: ConsumerReports.org/Lexus
FAQs: Lexus Extended Warranty
- Do I need an extended warranty on my Lexus?
The simple answer is yes. No matter what type of car you drive, it is highly recommended that you have coverage unless you don’t mind paying hundreds of dollars on auto repair bills. Lexus specifically is known for its costly repairs.
Despite how reliable their cars are, all vehicles will eventually break down and go through what we call, wear and tear. Rather than ignore the fact that this happens to cars, it is best to be prepared for the unexpected and put a warranty that not only has great coverage plans but one that also fits into your budget.
- What is covered in a Lexus warranty?
Lexus only covers mechanical failures. Everything else, such as items belonging to the body and interior, regular upkeep, and normal wear and tear items, will not be covered by a Lexus protection plan.
- Where can I get my Lexus serviced?
If you have a warranty through Lexus, you are only able to get it serviced through a Lexus dealership. Under an Endurance warranty, we allow you to get your car repaired anywhere that is convenient for you as long as the auto shop is certified.
- Is a Lexus warranty transferable?
A warranty from Lexus is transferable WITHIN your household. If you are looking to sell your vehicle to a person outside your family, just know that the warranty will not be transferred over with it. At Endurance, all of our policies are able to be transferred no matter where the vehicle is going; within your household or not. Another perk to purchasing your extended warranty from a 3rd party provider.
- How do I get a quote for an extended car warranty?
You can request a quote at the Endurance homepage by easily filling out your vehicle information, phone number, and email to get a FREE quote within minutes!
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