When you are buying a new or used car, it is a good warranty which can provide you full peace of mind as a vehicle owner. One needs to take care of some crucial things while taking a car warranty to enjoy the fullest benefit of it. The new age cars are more perfect and sophisticated, but if you have to face any unlucky faults to the drive train or other components of the vehicle on the go, a car warranty can save thousands of pounds on your service bills.
The new cars of all makes will have a default warranty, say for 3 years or 30,000 miles and some premium models even offer warranty up to 60,000 miles. If something goes wrong during this time (with some exclusions), the warranty provider will pay for any fix or faults.
Toy car with a stethoscope on top of stacks of coins
This is the same in case of buying a second-hand car too as many garages offer some or other sort of extended warranty on used cars. Even if the dealer doesn’t offer it by their own, you can think of taking a third-party warranty to cover up the sudden eventualities. The major confusion for the buyers now is that both dealer and warranty companies offer almost the same package, which one to choose.
Car warranty by the dealer / manufacturer
When you are buying a brand new car of manufacturers like Honda, Toyota Nissan, Jaguar, Vauxhall Motors, McLaren, Daimler, Bentley, Aston Martin, Lagonda, Land Rover, Caterham Cars, MG, Morgan Mini, Lotus, and Rolls Royce, all these companies offer a default warranty.
However, individual manufacturers offer different policies and the minimum amount of coverage you can expect on a new car is around 30- to 60,000 miles. It is usually the make and class of the car which decides when the warranty expires.
There is also scope of buying extended warranty on expiration of the default warranty for one year or up to 3 years from there. This incurs a cost based on the package chosen and with some exclusion; these warranties cover the repair costs and roadside assistance on the go.
Car warranty by the dealership
The major advantage of car warranty by the dealership is that it can be claimed anywhere and cash-less repair can also be conducted at authorised dealership across the country. The writers at the dealership can account it easily into the warranty coverage by getting the consumer number. So, the vehicle owner can stay out of the picture except if there is any exclusion to pay for.
Car warranty by other companies
It is also possible to approach third-party providers to take car warranty, which may be most of the times lesser up-front payment when compared to direct dealership warranties. You need to shop around and compared different quotes to find a reliable third-party car warranty package.
One difficulty the owners may have to face with third-party company car warranty is that once if any repair happens, the customer needs to make the payment first and then claim for the reimbursement with the company by producing the repair bills and claim application. There will be another round of underwriting and the amount will be paid later. There is also option for the car repair dealership to submit an estimate to the warranty provider and check how much reimbursement it is eligible for.