What is the average cost of a powertrain warranty?
After your factory warranty expires, you may consider purchasing an extended warranty. Our research shows that a powertrain warranty costs $2,856 on average and adds anywhere from three to six years of coverage. Keep in mind that this amount can be broken up into small monthly payments with zero-interest financing.
What all is included in a powertrain warranty?
But what does it actually mean? In short, powertrain warranties cover everything that makes the vehicle move, including the engine, transmission, and all the parts that connect the power to the wheels. Powertrain warranties are designed to provide peace of mind for consumers when purchasing a vehicle.
Do dealerships charge for warranty?
Some dealerships might offer you what they characterize as zero percent financing on warranty alone, but there’s typically a fee attached to the deal. So it’s not quite free money. But don’t wait too long to buy the extended warranty.
What does an extended warranty on a Lexus mean?
An extended auto warranty, also known as a vehicle service agreement, protects your investment for many years after the factory coverage expires. The other vital aspect is how much each repair costs Lexus owners. According to RepairPal, Lexus vehicles cost a lot to repair, even for smaller malfunctions. Just look at these common repairs.
Where can I buy a Lexus service agreement?
You can purchase a Lexus Vehicle Service Agreement from the dealer at any time. If you buy it with the purchase of your car, the Lexus dealer will gladly include it into your monthly payments, thereby charging you interest on the policy premium. How much does a Lexus extended warranty cost?
What is the warranty for a Lexus inverter?
Inverter with converter Lexus Corrosion Perforation Warranty Under the Lexus Corrosion Perforation Warranty, any body panels that develop perforation due to corrosion, also known as rust through, will be repaired or replaced free of charge. This warranty lasts for 6 years with no mileage limit.
How much does it cost to replace a Lexus transmission?
The average transmission replacement cost is between $1,800 and $3,400. When you consider that Lexus parts cost more than most brands, just think about what that bill might look like. It might cost more than buying a used vehicle. When deciding whether to purchase a Lexus extended warranty, you should also consider your existing coverage.
How long does the Lexus powertrain warranty last?
The Powertrain Warranty is for 72 months or 70,000 miles, whichever occurs first. Except for the situations listed on the Basic Warranty page, this warranty covers repairs needed to fix defects in materials or workmanship of any component listed below:
What kind of warranty does a Lexus Hybrid have?
8-year/100,000-mile Hybrid Warranty: This covers the hybrid battery control module, hybrid control module, and inverter with converter. On 2020 and newer models, the hybrid battery is covered for 10 years/150,000 miles. 6-year/unlimited-mile Corrosion Perforation Warranty: This warranty covers repairs on the original body panels if they rust.
You can purchase a Lexus Vehicle Service Agreement from the dealer at any time. If you buy it with the purchase of your car, the Lexus dealer will gladly include it into your monthly payments, thereby charging you interest on the policy premium. How much does a Lexus extended warranty cost?
How much does it cost to repair a Lexus?
According to RepairPal, Lexus vehicles cost a lot to repair, even for smaller malfunctions. Just look at these common repairs. Imagine if something significant were to malfunction, like the transmission. The average transmission replacement cost is between $1,800 and $3,400.