IPB
Site Navigation
·Forums
·Today's Active Topics
·Today's Top 10 Posters
·Contact Staff
Lexus Warranty Forum
Lexus Warranty Forum
Lexus Forums
· Lexus ES300 / ES330
· Lexus LS400 / LS430
· Lexus SC300 / SC400 / SC430
· Lexus GS300 / GS400 / GS430
· Lexus RX300 / RX330 / RX400h
· Lexus IS250 / IS300 / IS350
· Lexus LX450 / 470
· Lexus GX470

Cost of Repairs

Is a vehicle service contract necessary? What are the costs of typical repairs?

More than one-third of all vehicles experience a failure in a given year. The average service contract holder will make 4-5 claims over the life of their agreement. Should your vehicle fail after the factory warranty expires, you have nothing to protect you from repair costs that can be in the thousands of dollars.

More importantly, owners will frequently put off needed repairs until they can afford the cost of the repair. This delay often results in additional damage to the vehicle, and can create unsafe driving conditions. The risk of component failure and associated repair costs increases with your vehicle's age and mileage.

Today's vehicles are extremely complex and contain many electronics, high tech sensors and computers that frequently need to be replaced due to failure. While engines and transmissions are more reliable than ever (that's not to say we don't pay for many of those repairs), it's these other parts that frequently fail. As vehicles get more and more "high tech", associated repair costs are forecast to rise dramatically.

5 year part cost increases are as follows:
Engine - 36%
Transmission - 61%
Brakes - 45%
A/C System - 47%
Power Steering System - 53%
Fuel Injectors - 44%
Electrical System - 51%
CV Joints - 47%
Suspension - 52%
Oxygen Sensor - 29%
Radiator - 30%
Instrument Cluster - 57%

Think of an extended warranty as a risk-management tool that ensures that repairs to your vehicle are performed when they are needed.

©2005 Warranty Direct

Warranty Links
Warranty Centre Home
Get a Free Warranty Quote Now
Warranty Articles

Coverage
Piece of Mind
When to buy
How do Claims Work?
Why Warranty Direct?
Customer Testimonials
Contact Warranty Direct
Lexus Warranty Quotation

Lexus Warranty
Lexus Warranties
Cost Of Repairs
Extended Waranty Myths
Extended Warranty 101
Warranty Glossary
Extended Warranty Quotation