Can Toyota Extended Warranty Be Transferred? (Explained)
The buyers of fairly used vehicles do not always enjoy certain privileges fully. Common with this is the warranty coverage issued directly by the company you purchased your car.
However, the Toyota extended warranty is handy for customers interested in enjoying the service.
It is good news for customers who want to be free from some unforeseen issues on the road.
You can transfer Toyota’s extended warranty. An individual can choose to transfer the warranty, but Toyota’s involvement in the process is an added advantage. Due to this feature alone, most people are more comfortable with already used cars. So, if you have an extended warranty package, you will not have difficulties selling your vehicle.
Does Toyota Extend the Warranty Transfer to the New Owner?
A Toyota extended warranty does transfer to the new owner after purchase. However, this process is not automatic since the car owner must inform the service company.
You will need to fill in your details in the vehicle service agreement. It is after this that the company can affect the transfer car warranty.
An extended car warranty features a third party which is the dealer. For instance, let us take that you bought a new Toyota Camry with a warranty coverage of five (5) years.
After using the vehicle for four (4) years, you opted for Toyota extended warranty that suits your taste. Then one year into the extension, you decide to sell the Camry and get a new car.
While selling the Camry, the Toyota extended warranty will not wear off. Instead, it will become part of the entire car you are selling out.
Toyota has made it possible to work like that to relieve second buyers of their products. But do not wait for your vehicle to exceed the time frame given before selling it out.
It should be at least two years before the termination of the extended warranty deal.
You can also check if your vehicle is suited for the transfer of an extended warranty by entering your VIN on the Toyota Owners website.
This method is the best way to confirm your vehicle’s eligibility because not all models of cars offer this service. It is also not eligible in certain parts of the world, so ensure to confirm your vehicle’s eligibility.
You may be curious to know if the Extended Warranty Be Canceled?
What Is Covered Under Toyota’s Extended Car Warranty?
The Toyota extended car warranty is otherwise known as Vehicle Service Agreement (VSA).
It covers all the significant parts of a vehicle that are manufacturer warranty valid. A VSA is better than a factory warranty due to its wide range of coverage.
Toyota extended car warranty coverage has three(3) distinct packages, which are;
- The platinum package
- Gold package and
- Powertrain package
Let us discuss these packages and their offers.
#1. Platinum Package
This plan covers all the electrical connections, chassis systems, and cabin components of the car. It is valid between three (3) to ten (10) years and covers a mileage of 50000 to 125000.
Of the entire packages, platinum has the highest coverage. But used vehicles have a shorter range of warranty between a year to five (5) and 12000 to 60000 miles. Below is the list of packages it covers;
- Transferable
- Engine
- Manual transmission
- Automatic transmission
- Axle assembly
- Hybrid/alternative fuel
- Suspension
- Steering
- Fuel system
- Cooling system
- Air conditioning/heating
- Brakes
- Electrical
- Computer and electronic components and
- Some other additional parts.
#2. Gold Package
It is closely related to the platinum package in terms of the bulk of warranty protection. The time range of this package is almost the same as the platinum, with a difference of two (2) years. The items it covers are listed below;
- Transferable
- Engine
- Manual transmission
- Automatic transmission
- Axle assembly
- Hybrid/alternative fuel
- Suspension
- Steering
- Fuel system
- Cooling system
- Air conditioning/heating
- Brakes
- Electrical
- Computer and electronic components
#3. Powertrain Package
Though it has minor items for warranty, it covers the essential parts of the car. In addition, the new vehicles under warranty last up to six (6) years and 100000 miles, while old ones last two (2) and 24000 miles.
It is responsible for the coverage of your vehicle’s engine and drive systems. Below are the items it covers;
- Transferable
- Engine
- Manual transmission
- Automatic transmission
- Axle assembly
- Hybrid/alternative fuel
Toyota factory warranty will only cover defective parts of the car and damage from factory-trained technicians. However, a vehicle service agreement is responsible for roadside assistance coverage and starts fuel delivery.
Mind you, and there is no way you can get a vehicle service agreement without a Toyota factory warranty because your car must be a Toyota-certified vehicle.
How to Transfer Toyota Extended Warranty to a New Buyer?
You can transfer Toyota extended warranty to the new buyer by contacting your dealer. Then, all you have to do is reach out to the Toyota extended warranty service provider and make your intention known.
After that, there will be some documentation to seal the transfer car warranty.
An extended warranty transfer which can be referred to as a third-party warranty requires some basic information also.
Below is the step by step processes involved in transferring Toyota extended warranty to the new buyer;
- Contact your extended service provider.
- Notify the service provider of your intention to sell your car and transfer the extended warranty to the new owner
- You will be asked for some basic information about the new buyer
- Get that information from the buyer and deliver it to the dealer
- You might be charged a transfer fee of not more than 100 USD
- Wait for 30 days
- After that time frame, they will notify you that the transfer of ownership was successful.
The factory warranty transfer is way easier than that of an extended warranty. The reason is that the direct warranty from the manufacturer deals with the car, not the person.
The only thing it requires is the VIN to transfer the contract. If the new buyer wishes, you can provide them with the car’s warranty coverage.
Provided the time mileage coverage does not run out, you can still get an extended warranty after some time. Also, the buyer can continue to use the manufacturer warranty valid plan.
Using the VIN of the car, the warranty automatically moves to the new buyer after purchase.
Additionally, the seller can choose to put the sale of the car under the manufacturer. Such transfer of ownership is known as the Certified Pre Owned (CPO).
Before the manufacturing company agrees to help you with the sale, they often carry out a strict check-up is done on the vehicle. It will become a Toyota-certified vehicle for purchase if it passes the check-up.
Nevertheless, the warranty given to the new buyer, in this case, is more of the factory warranty.
These warranties are mostly not transferable, so it is mandatory to flip through the documents you receive. It is more of a factory warranty transfer than an extended warranty.
What Is the Toyota Warranty For the Second Owner?
Toyota warranty for the second owner is the Toyota extended warranty. It is the privilege you enjoy from the warranty service provider through the seller’s plan.
The second owner takes the warranty just like the original one. But he enjoys more privileges than the initial factory warranty from the manufacturer.
For a second owner, the Toyota warranty is the best car service. This service keeps a buyer calm and optimistic because certain ills of a car cover him.
A second owner of a Toyota warranty vehicle knows he wouldn’t have to spend redundantly for certain repairs for some years. It is also transferable for second owners.
Should you buy an Extended Warranty for your Toyota?
Conclusion
Many people are afraid to purchase a car because of the cost of maintenance. Fortunately, the warranty offered by manufacturing companies has made it easier to own a vehicle.
If you do not want to run out of your warranty, you can go for a Toyota extended warranty. This warranty is known as Vehicle Service Agreement (VSA), and it is transferrable for third-party purchase.
