Widely conceived is the notion that once you drive a new car off of your local dealership’s lot, the value of the car drastically decreases. This is an immense misconception when applied to Toyota, yet this is the main reason most of us opt for a used car when it comes time to make a vehicle purchase. When deciding which direction to go when buying a vehicle, the factor often ignored is the difference in warranty coverage.
In most cases, used cars come with no warranty at all, but your financial institution takes the warranty coverage into great consideration. This week, we are going to take a few moments to outline just how far the factory warranty goes, and what options you, as a buyer, have for extended warranties. Later in the week, we will touch on Toyota Certified Used Vehicles, a new addition to Milton Ruben Toyota. This is an incredible alternative when you find yourself wanting more warranty at a lower purchase price.
At Milton Ruben Toyota, every new car comes with basic, powertrain, and rust-through coverage. In addition, every Toyota comes with ToyotaCare. For 2 years or 25,000 miles, Toyota changes your oil, rotates your tires, and performs a multi-point inspection. Your basic coverage warranties all components other than normal wear and routine maintenance for 36 months or 36,000 miles, whichever comes first. The powertrain coverage includes the engine, transmission/transaxle, front-wheel drive, rear-wheel drive, seatbelts, and airbags for 60 months or 60,000 miles. Rust-through covers the corrosion perforation of sheet metal for 5 years, with unlimited mileage. Every Hybrid vehicle on the lot also has coverage for the related components. For 8 years or 100,000 miles, the HV battery, battery control module, hybrid control module and inverter with converter will be replaced.
You are one step closer to fully understanding the fine print on the car commercials we see every day. For complete details about Toyota’s warranties, please refer to the applicable Owner’s Warranty Information booklet, or see Milton Ruben Toyota. Tomorrow, we will focus on the practical reasons to buy an extended vehicle warranty, and compare the cost to the benefits of having one.
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