Carchex: Best For Used Cars
Carchex is one of the top third-party warranty companies with flexible options for Lexus vehicles. Customer service is an area where Carchex stands out from other providers. The company boasts accreditation and an A+ rating from the Better Business Bureau (BBB). When we called Carchex with questions, the representatives were friendly and didn’t pressure us to buy. With over 20 years of industry experience, the company understands the ins and outs of the industry.
Carchex partners with and is endorsed by known industry brands, such as Kelley Blue Book, SiriusXM, Carfax, and Edmunds.com, so you can feel comfortable knowing you’re working with a reputable company.
Carchex Extended Warranty Plans
One of the biggest perks of Carchex is the company’s variety of coverage levels, which are easy to research on the website. Each level has several plan options, with 16 contracts in total.
- Titanium: The highest level of coverage, similar to a bumper-to-bumper warranty
- Platinum: Includes hundreds of components
- Gold: Ideal for vehicles with more than 60,000 miles
- Silver: Covers the most important systems
- Bronze: Protection for the powertrain
With all of the coverage options, except for the Silver and Bronze plans, you can get coverage for a maximum of 10 years. If you don’t need your warranty to last that long, save money by selecting a shorter time frame.
If you aren’t satisfied with the coverage, you can get a refund. Carchex backs its service and products with a 30-day money-back guarantee.
Carchex Extended Warranty Cost
Our review team called Carchex to get quotes on a 2016 Lexus ES 350 with 48,000 miles. For the Titanium plan with 7 years/125,000 miles of coverage, we were quoted $187.84 per month for 18 months with a $100 deductible. For the Silver powertrain plan with 6 years/100,000 miles of coverage, we were quoted $182.78 per month for 18 months with a $100 deductible.
You can choose one of the company’s flexible payment plans and a no-down payment option. You won’t be responsible for paying the repair facility when you go for repairs. The company handles the entire claim minus your deductible.
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