When you buy a new car, you naturally expect it to deliver good, reliable service. Just in case it does not, manufacturers include a warranty – for three, five, seven or even more years. One way or another, you are probably paying for this kind of insurance protection in the price of the car.
But it is also a simple and straight forward to effectively roll forward such a warranty when the manufacturer’s runs out and when you are buying a used car. These insurance policies generally go by the name of aftermarket warranties. Here is our car warranty guide.
Who might this product be suitable for?
If you own and drive a car, you expect it to get you from A to B with the minimum of fuss and bother and without breaking down on you along the way. If the worst comes to the worst and you do suffer a breakdown or some other mechanical failure, you might also want to be reassured that the necessary repairs are not going to cost you an arm and a leg.
This is where a car warranty may come in – ensuring that the repair of a breakdown or failure is carried out without it costing you a great sum, if anything at all.
If you are the owner of a new car, this reassurance and peace of mind comes with your purchase of the vehicle; if you are the owner of an older, second hand car, however, the necessary car warranty may be easily arranged.
What does it typically cover?
Very much like any other general insurance, car warranties come in a wide variety of packages, providing different levels of cover for repairs in the event of breakdown, failure or the need for replacement parts.
Generally speaking of course, the more you pay in premiums for your warranty, the broader the scope of the protection it brings.
Like any other form of insurance, too, a car warranty is also likely to expect you to play your own part in mitigating the risk of things going wrong. For that reason, a warranty may require that:
you have the vehicle serviced at the intervals laid down by the manufacturer, if it is a new car – or at least every 12 months if it is under an aftermarket warranty;
servicing and maintenance needs to have been carried out by an approved or reputable garage, and in the case of new cars, using only parts made and supplied by the manufacturer;
in the case of an aftermarket warranty, the vehicle in question needs to have passed its regular MOT inspection.
Neither manufacturer’s nor aftermarket warranties are designed to cover the cost of replacing items subject to normal wear and tear – such as brake pads, tyres or lamp bulbs – which you need to pay for during the course of periodic servicing.
Is there anything I need to know?
Parkers – publishers of the well-known car price guide – has listed a top ten of the types of claim most frequently made under car warranty provisions. Each one of the repairs listed might have the effect of putting your vehicle out of action and requiring essential repairs.
If you have bought a used car and there is no manufacturer’s warranty transferred with it, an aftermarket or second hand car warranty may provide the comfort and peace of mind in knowing that if repairs are needed, you only need pay a small amount, if anything at all, in order to get it fixed and back on the road again.
To help ensure that your car gets repaired as and when it needs to be – and therefore prevent a more serious breakdown when you least want it – a car warranty may prove the solution.