Extended vehicle warranties are designed to cover repair and replacement costs for a variety of covered items. One such item is your vehicle’s powertrain. You must make sure that your vehicle’s powertrain is not under warranty before you purchase a Lexus extended warranty plan. A powertrain warranty is required if you plan on driving the vehicle off the lot. If it is not a factory-recovered vehicle, you may need to purchase an aftermarket powertrain warranty to comply with your extended auto warranty program.
Extended vehicle extended warranty coverage is available in two forms: (I) a warranty that is provided on the vehicle itself and (ii) a service contract that must be purchased separately from the warranty. Vehicle warranty plans cover the mechanical aspects of the car and engine. Service contract coverage on the other hand provides coverage for any non Mechanical repairs that are made by the dealership or independent repair facilities, as well as parts and labour. You can choose to purchase only the mechanical components of the warranty, or purchase the service contract separately. There are benefits to both options.
The most obvious benefit of purchasing an extended vehicle protection plan or appliances warranty is the cost savings it can produce. If you own older vehicles that have been improved and are more cost effective to repair than new vehicles, purchasing an older warranty may be a better option than shopping for a new vehicle. But an even better option is buying a new vehicle with a warranty coverage that includes both the mechanical and non-mechanical components. By doing so you will save an additional amount of money. Vehicle extended vehicle protection plan coverage can also help protect your credit score, if you own vehicles that become damaged through theft or due to an accident. By having this type of plan, you will have a service contract for as long as your vehicle is on the road with your details as part of the agreement.
Although vehicle warranty providers will provide extended manufacturer warranties for certain models, there are other warranties which are specifically extended by the extended manufacturer themselves. Some manufacturers offer manufacturer warranties on new vehicles. These warranties offer the same type of coverage as a new vehicle warranty. A number of extended manufacturer warranties are available for older vehicles as well. To find out more about these warranties, just consult your extended manufacturer’s warranty book.