The Toyota Corolla isn’t typically known for being the flashiest of cars, but what it lacks in “wow” factor, it makes up for in reliability. The compact car is credited with a high fuel economy and more legroom than its exterior might suggest. Although the model has undergone several redesigns, the Toyota Corolla has been one of the best-selling cars in the world for five decades.
In 2017, Toyota will celebrate the Corolla’s 50th anniversary with a special edition sedan available in Black Cherry Pearl, Classic Silver Metallic, or Blizzard Pearl. With its sophisticated styling and upgraded technology, the Toyota Corolla delivers the same standard efficiency with added fun on the road.
The Toyota Corolla warranty is backed by an industry standard of 3 years/36,000 miles of coverage or 5 years/60,000 miles of coverage under its powertrain plan. Drivers can choose their warranty at time of purchase, but what happens when this original plan expires? It’s only expected that you would need repair coverage further down the road as your car ages.
If your warranty expires without continued coverage in place, you may end up paying out of pocket for any necessary replacements or repairs. This can easily add up to hundreds, if not thousands, of dollars, depending on the availability of and costs of parts. For example, an alternator replacement can range anywhere from $200 to $800, non-inclusive of labor, taxes, or other fees. Brake pad replacement could also total a few hundred dollars and a wheel bearing replacement can go past the $1,000 mark.
Consider your options for extended vehicle coverage, so you aren’t faced with an unexpected payment due to a necessary vehicle repair. Review plans that also cover towing, roadside assistance, and vehicle rental reimbursement to help alleviate the hassle of car troubles as much as possible.
Eligibility for extended vehicle coverage is dependent on your vehicle’s make, model, year, and mileage. Get a free estimate to see how it can work for you down the road. By taking time to plan, you can likely save time, money, and inconvenience when it comes to your vehicle.
*estimates from repairpal.com
A Vehicle Service Contract (VSC) is often referred to as an “extended warranty,” but it is not a warranty. A VSC does, however, provide repair coverage for your vehicle after the manufacturer’s warranty expires. A VSC is a contract between you and a VSC provider or administrator that states what is a covered repair and what is not.