Lexus Extended Warranty
03-23-18, 03:23 AM
#16
Doesn't seem worth it imo since it's only 4 more years (8 years/98k miles total) and costs $3319 + $100 deductible. Is this for a Lexus warranty or 3rd party?
While I don't think you can get the the CPO Platinum extended warranty on your existing car, as a data point, I paid $3175 to extend for 5 years/unlimited miles. A bit higher than what I could've gotten it for, but got my car for a steal ($29k for a CPO AWD 2014 with a few option packages and ~32k miles on it, 100% on time dealer maintained, new tires, brakes, etc back in November 2016)
I bought my 2014 GS350 in 11/2016 with ~33k miles. My Lexus platinum warranty is valid through 12/24/2024. Had my car just about 16 months and have ~66k miles on it. After my experience with my Acura, I did not want any repair surprises!
While I don't think you can get the the CPO Platinum extended warranty on your existing car, as a data point, I paid $3175 to extend for 5 years/unlimited miles. A bit higher than what I could've gotten it for, but got my car for a steal ($29k for a CPO AWD 2014 with a few option packages and ~32k miles on it, 100% on time dealer maintained, new tires, brakes, etc back in November 2016)
I bought my 2014 GS350 in 11/2016 with ~33k miles. My Lexus platinum warranty is valid through 12/24/2024. Had my car just about 16 months and have ~66k miles on it. After my experience with my Acura, I did not want any repair surprises!
03-24-18, 08:40 PM
#17
I bought the Lexus Platinum warranty with my L-Certified 15 GS F Sport along with the prepaid maintenance program. I'm now covered through 4/2024 with no mileage limitation on the warranty and normal driving service intervals are covered through 85K. All of this for $3800 which I thought it was a good deal. Then again, I'm a former owner of a 2003 LX470 that had 211K miles on it. Although it was very reliable and hardly needed repairs, when something did break it was always a thousand or two dollars or more, easy. Dwayne4Lex, I think they can sweeten that price a bit.
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dwayne4lex (03-30-18)
03-30-18, 05:14 AM
#18
Greetings Fellow Lexus Drivers:
I am currently trying to decide if I want to purchase an extended warranty for my 2015 GS350 F Sport. I received a postcard in the mail from my dealer about extending the warranty and gave them a call today. Here is some info about the car - my current mileage is 31,000 and I have until the end of 2019 before the manufacturers warranty expires. Do the numbers below make sense? Or should I keep shopping around? I plan on keeping these car for a VERY long time.
TYPE: Premium Care
ADDITIONAL MONTHS: 48
ADDITIONAL MILES: 48000
DEDUCTIBLE: 100 per visit
TOTAL SALE PRICE: $3,319.00
DOWN PAYMENT: $175.00
MONTHLY PAYMENT: $131.00
NUMBER OF PAYMENTS: 24
I am currently trying to decide if I want to purchase an extended warranty for my 2015 GS350 F Sport. I received a postcard in the mail from my dealer about extending the warranty and gave them a call today. Here is some info about the car - my current mileage is 31,000 and I have until the end of 2019 before the manufacturers warranty expires. Do the numbers below make sense? Or should I keep shopping around? I plan on keeping these car for a VERY long time.
TYPE: Premium Care
ADDITIONAL MONTHS: 48
ADDITIONAL MILES: 48000
DEDUCTIBLE: 100 per visit
TOTAL SALE PRICE: $3,319.00
DOWN PAYMENT: $175.00
MONTHLY PAYMENT: $131.00
NUMBER OF PAYMENTS: 24
I got this deal back in October. I'm in TN and bought my 2017 GS used, non-CPO with 3600 miles off a BMW lot in GA, so esentially new. I would call this guy and see what deal he can give you. PS
Hello Patrick
This is Jerry Johnson with Midwest Toyota and Midwest Superstore
Thank you for your purchase of the 6 year 70,000 miles Lexus Factory Extra Care platinum Zero Deductible Warranty
On your 2017 Lexus GS 350 AWD
On 10/19/2017 you paid Midwest Toyota $1,515.00 in full for your purchase
Your invoice is 86096
DEAL 117863
You will receive your paper work from me within 3 weeks and the warranty will be active, Lexus will send you the warranty 4 to 5 weeks
And the warranty book will have all your information on your warranty
Thank you so very much for your Purchase and have a Blessed Night
Jerry Johnson
Jerry Johnson
Warranty Manager
Midwest Toyota
Midwest Ford
Midwest Superstore
1100 east 30th
Hutchinson, Ks 67502
Phone 800-530-5789
Cell 620-664-8844
Email jerryj@midwestsuperstore.com
Please recommend me to your Family and friends and if you could go back online and post that I gave you a great deal and great service I Would be very grateful.
I do offer Toyota, Scion, and Lexus Platinum Factory Zero Deductible Warranty
And for Ford I offer Ford, Mercury and Lincoln Factory Premium Care Warranty
03-30-18, 11:15 AM
#22
Lexus Test Driver
That's the way I see it too. $1,515.00 for an additional 2 Yrs/30K miles. Chances are minuscule that people who buy this extra coverage will ever need it, and only a very few will have issues that exceed the premium paid...thus the eagerness that Lexus has to sell the coverage.
Last edited by bclexus; 03-30-18 at 01:24 PM.
03-30-18, 12:09 PM
#23
That's the way I see it too. $1,515.00 for an additional 2 Yrs/30K miles. Chances are minuscule that people who buy this extra coverage will ever need it, and only a very will have issues that exceed the premium paid...thus the eagerness that Lexus has to sell the coverage.
03-30-18, 01:09 PM
#24
That's the way I see it too. $1,515.00 for an additional 2 Yrs/30K miles. Chances are minuscule that people who buy this extra coverage will ever need it, and only a very will have issues that exceed the premium paid...thus the eagerness that Lexus has to sell the coverage.
03-31-18, 10:50 AM
#25
Intermediate
The basic Lexus warranty is for 4 years/50k miles (ref. http://www.lexus.com/warranty). As I understand, one can purchase an extended warranty from Lexus at any time before the basic warranty is over. So it seems the best time to purchase an extended warranty is towards the end of the basic warranty and not any time sooner, and certainly not along with a new car purchase. However, many of you seem to be purchasing your extended warranties much before the basic warranty ends. Why?
03-31-18, 09:41 PM
#26
My 2015 GS-350 AWD had 16K miles on it when I bought it certified. This gave me a 4 year unlimited mileage warranty. I bought an additional 2 years so I am good until April 2022. I paid $375 for the Platinum for the additional 2 years. The first 3 weeks I put on 10K miles. Right now the car has 45K miles. It will be one year later this month. I drive for work. Having the unlimited mileage warranty when I hit 200K miles will be nice. This year was light driving. I regularly drive 60K miles a year.
04-01-18, 10:37 AM
#28
Yep - 0.545/mile. It goes it to fund just for car. Generally gas and tolls are about 0.12/mile. The balance goes into car fund to pay for maintenance, tires, repairs, etc. That is one reason for a Lexus - high reliability and comfortable ride.