Yes, Toyota does have gap insurance. Toyota gap insurance can help pay the difference between what you owe on your loan or lease and your vehicle's actual cash value (ACV) if your car is deemed a total loss.
Key Things to Know About Toyota Gap Insurance
Other Ways to Get Gap Insurance
When you're purchasing or leasing a new car, the dealership or lender may offer to add gap insurance to your loan or lease. This may be a good choice if your existing insurance company doesn't offer gap insurance, but remember that if the cost is added to your loan or lease, you will pay interest on that charge.
Many car insurance companies also offer gap insurance as an optional add-on to your existing car insurance policy. Purchasing gap insurance through your insurer is usually the cheapest option.
To learn more, check out WalletHub's guide to gap insurance.
Yes, Toyota does have free roadside assistance coverage. When you purchase a new vehicle from Toyota, you will usually get roadside assistance coverage for up to 25,000 miles or 2 years, whichever comes first – without incurring any additional costs.
Toyota Roadside Assistance Benefits
If you want to learn more, check out WalletHub's guide to the best roadside assistance.
Toyota points are worth 1 cent each, on average. For example, 10,000 Toyota points have a dollar value of roughly $100. As a result, Toyota points are worth less than the average car company's rewards points, which are valued at 1.04 cent each.
The exact value of Toyota points ultimately depends on how they are redeemed. They have the most value when used for store credit, but there are other options. The easiest way to calculate the value of Toyota points for any redemption method is to determine the dollar value of what you're redeeming for, minus any taxes and fees that you'll still have to pay, and then divide that amount by the number of points you're required to redeem. For your convenience, here's the formula for Toyota points:
Dollar Value of Redemption Item / Number of Toyota Points Needed = Toyota Point Value
How to Earn More Toyota Points
It's important to remember that while you can't change the redemption values of Toyota points, you can increase the rate at which you earn them. One of the best ways to increase the number of Toyota points that you earn is to apply for the Toyota Credit Card.
Toyota Points vs. The Competition
|
Rewards Program |
Average Point Value |
Value of 1,000 Points |
|
1 cent |
$10 |
|
|
1.06 cents |
$10.6 |
|
|
1 cent |
$10 |
|
|
1 cent |
$10 |
|
|
1.06 cents |
$10.6 |
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