When looking to compare car warranties, there can be a veritable minefield of options to wrestle with. Knowing what to look for in a warranty, as well as which is best for your needs, is vital to making an informed choice for this important purchase.
As with any financial product, ensuring that you are fully clued up on all of the details will allow you to make the best possible choice for you. Below are a few frequently asked questions concerning car warranties. There is also some guidance about this vital service, which looks to cover the cost of unexpected repairs due to mechanical or electrical breakdown.
A warranty covers parts and labour following an electrical or mechanical failure of component parts in your car. These parts include the engine, radiator, and fuel pump, which could all end up costing quite a pretty penny to repair. Similar to the extended warranty you may purchase on electrical goods, it covers the breakdown of parts in ordinary use.
One of the biggest factors in determining the cost of insurance premiums is the size of the compulsory or voluntary excess of the policy. Generally speaking, the higher the excess, the lower the premium. When you compare car warranties, take a good look at the details of the policies to see if there is a contribution to make to repairs. There may be a contribution in all cases, or there might need to make one based on the age of the vehicle covered.
If you feel you have been wrongly denied a warranty repair, despite having a valid fault covered by your warranty, you can contact the Motor Ombudsman, an independent body which oversees many aspects of the motoring industry, including warranties.
There are two main types of warranty available, which you will need to explore when you complete your car warranty comparison. Mechanical Breakdown Insurance (MBI) is regulated by the Financial Conduct Authority, meaning that any complaints you may have with your provider can be dealt with by the Financial Ombudsman, similarly to any other financial product or service you may use.
Service and repair plans are not regulated in the same way, meaning that you would need to get in touch with the Motor Ombudsman to resolve any issues.
This will ultimately be dependent on the warranty you select. Some warranties are very specific on the garages you can take your vehicle to for a repair, whilst others are more relaxed.
As a warranty covers components of a car for mechanical or electrical failure, there are likely to be differences in quotes based on mileage, as well as the sort of driving that is taking place. Drivers who spend lots of time driving up and down the country, racking up tens of thousands of miles a year, will expect their engines to wear out faster than people who solely use their car for local driving.
Because of this, details of your estimated annual mileage as well as the age and condition of your car will be needed to complete a comparison of warranty deals. You will also need to provide the make and model of your vehicle.
To begin with, make sure you are clear on what is covered, along with what has been excluded on your used-car warranty. As a general rule of thumb, the lower the cost of the used-car warranty, the less cover you will be provided with. That said, warranties sold by some dealerships can be expensive.
You should also take into account any other conditions that may appear, such as only getting repairs or servicing carried out at approved garages. It is vital that you are clear on all the conditions in order to make a successful claim in the event of any parts failures.
Going through your policy details with a fine-tooth comb can uncover some key rules which must be followed when using a warranty. When making a car warranty comparison, be sure to inspect the policy details in full, and ensure that you understand the terms of the policy. Some warranties will reject claims if you continue to use your vehicle after the warning light appears on the dashboard, or if you miss the manufacturer recommended intervals for servicing. Some warranties will reject claims if any modifications to the car have been made.
It is important to note that a warranty does not replace insurance. Motor insurance is a legal obligation for car users, and a warranty does not change this. A warranty will not cover damage that has been caused during an accident, nor does it provide any protection against a car being stolen.
Similarly, a warranty will generally not cover consumable parts of a car, those which are likely to degrade with use and need to be replaced on a semi-regular basis, including batteries, tyres, windscreen wipers, bulbs, clutches, and brakes. You will generally need to pay for these so-called ‘wear and tear’ items if they fail in use.
All new cars come with a manufacturers’ warranty, which will, generally speaking, last for around three years, or a set number of miles, whichever milestone is reached first. Some manufacturers are more generous than others when it comes to their warranty provision.
When buying a used car from a dealer, there will often be a warranty offered, but it is also possible to research and purchase one on your own. If purchasing a used car in a private sale, it is advisable to spend some time researching and completing a car warranty comparison in order to find the best deal for the car you are buying and for your needs.
You can find car warranties for cars over 10-years-old. This kind of warranty may be limited by the car’s mileage, how far you drive annually or the type of components that fail. Here at Bright Compare we can help you find the right warranty.
If you are thinking of taking out a used car warranty, it is worth remembering the devil is in the detail. Warranties vary widely and may not cover all the failures you imagine they will. It is vital, therefore that you compare warranties.
A warranty can give you peace of mind after buying a used car. It may be for just 12 months, but extended warranties are available. It will usually cover normal wear and tear. Costs vary significantly depending on the vehicle age, mileage and condition.
Yes. The dealership you buy your used car from may offer a warranty. Alternatively, there are companies which offer protection against the cost of repairs and parts. Warranties are usually limited only by the age of the car and the mileage.
An imported car will fall into one of two categories, parallel imports from Europe and grey imports from other territories. In both cases, warranties may be difficult, but not impossible, to find. At Bright Compare we help to find the best deal for you.