There are many different kinds of car warranty cover available. The main three
are from the manufacturer, from the dealer and ‘after-market’ warranty.
Canny motorists prepared to do a little research can discover deals that make
buying a car warranty a very sound option when compared with the costs of repairs,
especially for older and out of warranty vehicles.
Where to Look
For online research, many people go to price comparison sites. A 2011 YouGov
survey carried out by www.saveitbuddy.com discovered that over 10 million of
us used price comparison sites in the past year, with a quarter spending an
average of £270. While they can provide excellent information on the different
kind of warranties available, motorists should remember that these sites take
quite a large commission (on average 24 percent) and so may not be quite as
cheap as they appear.
Although price comparison sites are convenient, they are very general and tend
to summarize the warranty cover available, which makes it hard to understand
exactly what is covered and what isn’t. Therefore, it can be worthwhile
going to a car warranty specialist website because they can offer more complete
and flexible cover. One example is ABC Warranty, which has one of the most comprehensive
used car warranties on the market. They also have monthly contracts which can
be ended at any time and cover the motorist as long as the monthly payments
are made.
On the high street, car dealers will offer a range of warranties and it pays
to haggle to get the most advantageous terms. Many supermarkets are now offering
extended car warranty as part of their personal finance services, one popular
example being Tesco’s. Motoring organizations like the AA also offer after
market warranties on vehicles. |