“Should I buy an extended warranty?” If you’ve ever bought a used car or kept a new car for over three years until the standard, manufacturer warranty expired, you’ve almost certainly asked yourself this question.
If you’re struggling to find the answer, this guide should help!
What exactly is an extended warranty?
All new cars come with a manufacturer warranty, which typically lasts for three years. This warranty, minus a few exceptions, will cover anything that goes wrong with the car within that timescale.
An extended warranty from a warranty provider such as Warranty Direct, is designed to be an easy way for you to extend this coverage after the manufacturer warranty expires, giving you protection in the event of unexpected vehicle failure.
Why not just get the parts repaired or replaced myself?
The cost of parts and labour can be expensive and repairs are inevitable when you own a car. Things happen! Engines, fuel pumps, radiators, and other essential car parts have an average lifespan and, without an extended warranty or a manufacturer warranty, the burden of payment will fall entirely on you!
With an extended warranty, you pay a fee up front for peace of mind that, in the case of engine failure, for example, you’ll be covered.
What’s covered with an extended warranty?
At Warranty Direct, we offer a core coverage as standard with the option to add on additional cover.
With the core coverage, your engine, gearboxes, transmissions, ECUs & computers, casings, supercharger, turbocharger, and flywheels & drive plates are all protected minus a few exceptions. You’ll also have a choice of labour rates, parts contribution and excess.
Can I take out a policy on a used car?
Of course! Provided your car is not older than 12 years old, and has travelled under 120,000 miles, then it could be eligible for an extended warranty. Get a quote for your used car here.
If I get an extended warranty, do I still need car insurance?
Yes. Extended warranties cover repairs that aren’t related to collisions, accidents, or other damage from outside sources. Instead, they cover the repair or replacement of parts due to wear and tear or a factory defect.
Car insurance is required by law and also protects other drivers on the road in case you cause an accident.
Avoid expensive repairs and drive with confidence that you’re covered by taking out an extended warranty today.
This article was originally published on the Warranty Direct Blog.
Warranty Cover is arranged and administered by BNP Paribas Cardif Limited, trading as Warranty Direct. Warranty policies are underwritten by Pinnacle Insurance plc. BNP Paribas Cardif Limited is a company, registered in England and Wales No.3233010 at Pinnacle House, A1 Barnet Way, Borehamwood, Herts, WD6 2XX and is authorised and regulated by the Financial Conduct Authority, Register No.309075