Warranties work
When you buy a new car it often comes with a repair warranty that will cover part or all of the cost of any vehicle repairs that need to be made during the life of the warranty. Manufacturers offer warranties to reassure buyers of the quality of the car they are about to buy. As car companies want to maximise their profits they are unlikely to produce poor quality cars, which they will then have to spend considerable time and money fixing under their warranty terms and conditions.
The different car companies offer different deals with regards to their warranties, which may last for different periods of time and cover different repairs. It is common nowadays to find dealers offering warranty incentives that last around three years although some have offered deals, which last up to seven years to entice customers. This was not always the case with common warranty deals in the 1980's lasting only 12 months. The biggest difference between then and now is the advances in technology and manufacturing processes which have enhanced car design over the last two decades.
Whilst you may consider a warranty to be just a selling perk you should be aware that your motor insurance will not cover any mechanical repairs, so there are a few things you should consider before you sign on the dotted line and drive away your new car. Firstly see whether the length of the warranty is negotiable. Sometimes it is possible to negotiate the price of a new car down but if that is not possible you may be able to increase the term of the warranty when bargaining for your new car. If you are planning on keeping the car for a longer period of time it is worth getting a warranty that will cover the car for this time. If you cannot negotiate a longer warranty then often you are able to purchase one. This may feel like an additional expense when you need to pay for motor insurance and car tax at the same time. However, the mechanical parts of the car typically start to go wrong around the three or four year mark, which is when the warranty runs out.
Buying an extended warranty may be a higher upfront cost but could save you hundreds of pounds in the long run. It is worth remembering that once the warranty has expired then the manufacturers have no legal obligation to contribute to any repair works that need to occur at this point. However, if your car needs to be repaired just after the warranty expired you could request that the garage will submit a post-warranty claim on your behalf. But the manufacturer is under no obligation to pay anything towards the costs. Your motor insurance will also not be of any used because that only covers costs really to accidents, fire and theft, so getting the right warranty could save you a considerable amount of money.
When you buy a new car it often comes with a repair warranty that will cover part or all of the cost of any vehicle repairs that need to be made during the life of the warranty. Manufacturers offer warranties to reassure buyers of the quality of the car they are about to buy. As car companies want to maximise their profits they are unlikely to produce poor quality cars, which they will then have to spend considerable time and money fixing under their warranty terms and conditions.
The different car companies offer different deals with regards to their warranties, which may last for different periods of time and cover different repairs. It is common nowadays to find dealers offering warranty incentives that last around three years although some have offered deals, which last up to seven years to entice customers. This was not always the case with common warranty deals in the 1980's lasting only 12 months. The biggest difference between then and now is the advances in technology and manufacturing processes which have enhanced car design over the last two decades.
Whilst you may consider a warranty to be just a selling perk you should be aware that your motor insurance will not cover any mechanical repairs, so there are a few things you should consider before you sign on the dotted line and drive away your new car. Firstly see whether the length of the warranty is negotiable. Sometimes it is possible to negotiate the price of a new car down but if that is not possible you may be able to increase the term of the warranty when bargaining for your new car. If you are planning on keeping the car for a longer period of time it is worth getting a warranty that will cover the car for this time. If you cannot negotiate a longer warranty then often you are able to purchase one. This may feel like an additional expense when you need to pay for motor insurance and car tax at the same time. However, the mechanical parts of the car typically start to go wrong around the three or four year mark, which is when the warranty runs out.
Buying an extended warranty may be a higher upfront cost but could save you hundreds of pounds in the long run. It is worth remembering that once the warranty has expired then the manufacturers have no legal obligation to contribute to any repair works that need to occur at this point. However, if your car needs to be repaired just after the warranty expired you could request that the garage will submit a post-warranty claim on your behalf. But the manufacturer is under no obligation to pay anything towards the costs. Your motor insurance will also not be of any used because that only covers costs really to accidents, fire and theft, so getting the right warranty could save you a considerable amount of money.
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