Your luxury vehicle deserves the best care possible, but should that include buying a Lexus extended car warranty?
It isn’t cheap to fix a Lexus, which is one of the main reasons to consider adding extended coverage to take over after your factory warranty expires.
While you can go to the dealer for a Lexus extended warranty, we’ve researched the best extended warranty providers that can save you money and offer peace of mind. Below, we’ll explain why we think you can skip the Lexus dealership and what third-party providers we’d recommend instead, such as Endurance, CarShield, or CARCHEX.
We strongly encourage you to get several quotes, so that you can compare coverage and prices. Get free, non-committal quotes from our top picks below.
In this article:
- Lexus Vehicle Service Agreements
- Why A Lexus Extended Warranty Could Be Worth It
- How To Find The Best Lexus Extended Warranty
- Why You Should Consider Third-Party Extended Auto Warranties
- FAQ: Lexus Extended Warranty
Lexus Vehicle Service Agreements
Aside from the coverage given to you when you purchase a new vehicle, there are some additional Lexus Vehicle Service Agreements available. You also have the option to sign up for these protection plans, which are Lexus’ versions of extended warranties.
- Lexus Extra Care Platinum Extended Warranty: As the most comprehensive level, the Lexus Platinum Extended Warranty includes repair costs for mechanical breakdowns after the factory warranty expires.
- Lexus Extra Care Gold Extended Warranty: This option includes a long list of eligible components and a flexible terms after the warranty expires.
- Lexus Extra Care Powertrain Extended Warranty: This plan includes the engine, transmission, and front- and rear-wheel drive systems after the warranty covers.
|Covered Parts||Platinum Protection||Gold Protection||Powertrain Protection|
|Manual transmission||✔||Most parts||Most parts|
More information about what components are included and excluded in Lexus Vehicle Service Agreements can be found on the Lexus website.
Other additional protection plans you can purchase from Lexus include:
- Guaranteed Auto Protection
- Prepaid Maintenance Plans
- Tire and Wheel Protection
- Excess Wear and Use Protection
When can you purchase a Lexus Vehicle 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.
Is the Lexus Vehicle Service Agreement warranty transferable?
You can transfer the coverage one time at no cost, as long as it is from the original owner to a private party.
Can you cancel your extended Lexus warranty
If you cancel the Lexus Vehicle Service Agreement within 30 days, you will receive a full refund minus the $50 processing fee. Any cancelations after that, or once a claim has been paid, will be prorated.
Why A Lexus Extended Warranty Could Be Worth It
Your car will inevitably face troubles, no matter how well you take care of it. Even the newest models often face trouble. While Lexus vehicles feature a high reliability rating in the J.D. Power 2019 U.S. Vehicle Dependability Study℠, one costly repair could break the bank.
If you want to drive beyond the factory warranty coverage, then purchasing additional coverage is a no-brainer. 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.
|Lexus RC 300||Thermostat Replacement||$216–$249|
|Lexus NX 300h||Brake Pad Replacement||$468–$506|
|Lexus SC 300||Water Pump Replacement||$525–$615|
|Lexus NX 200t||Power Seat Switch Replacement||$1,039–$1,051|
|Lexus RX 350||Heater Hose Replacement||$258-$302|
Imagine if something significant were to malfunction, like the 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.
2020 Lexus Warranty
You should also consider your existing coverage, like the Lexus factory warranty. For all new Lexus models, the manufacturer provides warranty coverage. Here is what is included with the standard Lexus factory warranty.
- 48-month/50,000-mile Basic Warranty: This is the company’s bumper-to-bumper warranty. With this coverage, you receive protection from repairs related to faulty workmanship or material defects. It includes wheel balancing and alignment but for only 12 months/12,000 miles.
- 72-month/70,000-mile Powertrain Warranty: The Lexus powertrain warranty protects the transmission, transaxle, engine, and front- or rear-wheel drive systems.
- 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.
- 72-month/Unlimited Mileage Corrosion Perforation Warranty: This warranty covers repairs on the original body panels if they rust.
- 12 month/Unlimited Mileage Service Parts Warranty: This covers defective, originally installed repair or replacement parts.
While Lexus offers a lot of protection to new car buyers, some things are excluded from its plans. You don’t have coverage for:
- Improper repairs
- Abuse or negligence, such as skipping regular maintenance
- Environmental damage, such as hail or road debris
- Water contamination
- Wear and tear
How To Find The Best Lexus Extended Warranty
We want you to find coverage that gives you peace of mind. Here’s a few of our best tips when it comes to shopping for a vehicle service agreement:
Check for your mechanic. Make sure you can choose the mechanic you want. Read the fine print to ensure you don’t have to take the vehicle somewhere particular. If you go against this, your repair won’t be covered, or you might void your warranty.
Understand the guarantee. If you find a provider that doesn’t back up its coverage with some sort of guarantee, you probably shouldn’t shop with that company. You want protection in case you aren’t satisfied.
Check the claims procedure. You don’t want to pay out of pocket for repairs. Quality extended warranty companies pay for the claim directly to the service center. All you will be responsible for is the deductible. You don’t want to get caught paying for repairs and waiting for reimbursement.
Call for quotes. Only you know what you really want in a provider. It’s helpful to do your own research by callings around and getting quotes. Not only will you get an estimate for your specific vehicle, but you’ll get a taste of their customer service.
Why You Should Consider Third-Party Extended Auto Warranties
While the extended warranty from Lexus may seem convenient, you could end up saving by shopping around. Third-party extended warranty companies can be more affordable and flexible than what you find at the dealership.
We think there are several benefits from purchasing an extended warranty through a third-party, such as:
- Choose any mechanic: Visit any authorized repair shop.
- No financing: While many third-party providers offer flexible payment plans, you won’t have to worry about being charged interest.
- Additional perks: Many of the plans also include benefits, such as roadside assistance and rental car coverage.
- Buy coverage anytime: You don’t have to purchase the plan on the car purchase date or before the Lexus Basic Warranty expires.
Among the many companies that provide extended warranties, three of our top choices are Endurance, CARCHEX, and CarShield. We’ll give you a quick overview of what each company provides.
|Lexus Extended Warranty||Endurance||CARCHEX||CarShield|
|Date of car purchase||Anytime||Anytime||Anytime|
|Max Length of Coverage||12 years/125,000 miles||15 years/200,000 miles||10 years/250,000 miles||250,000 miles|
|# of Plan Options||2||5||5 (21 contracts)||6|
$0 or $100
|Trip Interruption||✔||✔ (with Endurance Elite Membership, free for 1 year)||✔||✔|
|Roadside Assistance||✔||✔ (with Endurance Elite Membership, free for 1 year)||✔||✔|
|Repair Network||Lexus dealers only||ASE-Certified® repair facilities||> 30,000 facilities nationwide||ASE-Certified® repair facilities|
|Cancellation Policy||Refund if within 30 days||Refund if within 30 days||Refund if within 30 days||Refund if within 30 days|
|Availability||From local dealer||Free, instant quote||Free, instant quote||Free, instant quote|
|Contact your Lexus Dealer for Pricing||
Choosing Endurance For An Extended Warranty
Endurance is an excellent choice for a Lexus extended warranty provider.
Endurance offers five distinct levels of coverage, which are easy to research on the website. Coverage can be elected up to 20 years/200,000 miles.
- Select Premier: Coverage for high-mileage vehicles with a fairly extensive inclusion list that focuses on the powertrain.
- Secure: Endurance’s most basic auto warranty that only covers parts of the powertrain.
- Secure Plus: Mid-level warranty with a short waiting period of only 30 days or 1,000 miles.
- Superior Coverage: High-tier comprehensive plan provides with coverage for hundreds of listed parts.
- Supreme Coverage: Endurance's exclusionary, bumper-to-bumper warranty.
To get a clear idea of Endurance pricing, we called to get quotes on a 2016 Lexus ES 350 with 48,000 miles on it. We were quoted $180.45 for 36 months with a $100 deductible for the Secure plan with a term limit of 5 years/60,000 miles. For the Supreme plan with the same term limit, we were quoted $97.22 for 36 months with a $100 deductible.
However, quotes can vary widely based on a number of factors, so it’s best to contact the Endurance to get an idea of what a plan would cost you.
Right now, Endurance has a 4.3-star rating from Trustpilot with over 1,000 reviews. Complaints mainly come from people who are unhappy with the claims process and specific exclusions, though this can be avoided by reviewing your contract fully before purchasing an extended warranty.
Endurance also holds a prestigious partnership with Andretti Motorsports, one of the most successful auto racing companies in the world.
Choosing CarShield For An Extended Warranty
CarShield is another popular extended warranty for provider for Lexus cars and SUVs.
CarShield currently provides six coverage options. One plan is dedicated to motorcycle parts, so you won’t need that as a Lexus owner. The other five plans include:
- Diamond: The highest level of protection
- Platinum: Ideal for covering high-mileage vehicles
- Gold: Complete powertrain warranty plus some extra parts
- Silver: Conventional powertrain coverage
- High Tech: Protects all of the technology on the car
When we called to get an estimate on a purchased-new 2013 Lexus RX 350 with 79,000 miles, the monthly cost for comprehensive coverage was $129 with a $100 deductible. After a few minutes on the phone, the price was lowered to $99 a month.
The final premium depends on what model vehicle you drive, as well as its age and the deductible you select. It may also factor in whether you purchased the car used or new.
Right now, CarShield has over 3,000 Google reviews that total a 4.0-star review. The company has also received numerous featured spots on popular networks, such as TBS, ESPN, and HGTV.
While the company’s rating from the Better Business Bureau (BBB) isn’t impressive, we found that many of the complaints came from a misunderstanding about the coverage. The Google reviews include many happy customers.
No matter what company you choose to go with, it pays to read the terms carefully so you understand exactly what’s covered and not covered.
Whichever company you choose to go with, remember that your extended or limited warranty is meant to provide you with years of protection. Take your time through the shopping process to ensure you get precisely what you want.
Choosing CARCHEX For An Extended Warranty
CARCHEX is one of the top third-party warranty companies that has flexible options for Lexus vehicles.
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 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 that long, save money by selecting a shorter time frame.
Our review team called CARCHEX to get quotes on a 2016 Lexus ES 350 with 48,000 miles on it. For the Titanium plan with 7 years/125,000 miles of coverage, we were quoted $187.84 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 for 18 months with a $100 deductible.
You can choose one of the company’s flexible payment plans and a no down payment option. When you go for repairs, you won’t be responsible for paying the repair facility at all. The company handles the entire claim, minus your deductible.
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, Edmunds.com, and others, so you can feel comfortable you’re working with a reputable company.
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.
FAQ: Lexus Extended Warranty
Do I need an extended warranty?
It depends on what Lexus you own and if you plan to keep it. If you want to drive it for a few more years, then it makes complete sense to cover it with a warranty. A Lexus vehicle service agreement protects your finances any time you face a covered repair.
How much should I pay for a Lexus vehicle service agreement?
The cost is variable based on the model, year, make, and coverage plan. You are going to pay more for complete coverage, but more systems and parts will be protected. If you can handle smaller repair bills, you might consider basic coverage, such as a powertrain warranty. This option covers fewer components but requires a lower premium.
Is the Lexus vehicle service agreement transferable?
Most of the vehicle service agreement options have ways to transfer coverage. The terms will depend on who your provider is. For example, you can transfer an extended warranty with a CARCHEX plan for $50. Just check into the terms and conditions of your coverage.
What parts are included in a Lexus Platinum extended warranty?
The Lexus Platinum extended warranty is the most comprehensive of the Lexus vehicle service agreements offered and includes repair costs for mechanical breakdowns after the factory warranty expires. Almost all parts are covered by the Lexus Platinum extended warranty plan, though some common exclusions apply, all of which are outlined in the Lexus vehicle service agreement webpage.
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