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

When should I buy coverage?

A common misconception is that by waiting to purchase extended coverage, you will get coverage for a longer time. While you can purchase your coverage at almost anytime, the cost for coverage rises as your Lexus ages and accrues mileage.

In other words, you will be offered the longest term at the lowest rate for a new Lexus.

We understand that you may have a warranty from the manufacturer. Their coverage is simply an extension of that, not double coverage. The manufacturer’s warranty has been factored into your price quote. The more factory warranty you have remaining, the lower the cost and greater the length of the warranty extension.

As an example, you will be offered coverage for up to 7 years for a new Lexus. If the Lexus is a year old, you will be offered coverage for up to 6 years and the rate will be higher.

Two years old, coverage will be offered up to 5 years and so on. Waiting will not provide you with a longer warranty; it will only serve to increase your costs, much like life insurance. If you buy an extension to 100,000 miles today or in 2 years, it will still expire at 100,000 miles.

Waiting also carries other risks.

Coverage costs rise as repair rates do. In the last 3 years, the average labor rate has increased by $20 per hour. Also, as more repair data becomes available for your Lexus, its costs may also rise. Why not lock into today's low prices and protect yourself from tomorrow's rising repair rates? Request a free quote

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