Frequently Asked Questions
The dealer sold me a warranty when I bought the car, isn’t that sufficient?
In addition, there may come a time when the specified service centre is no longer convenient. If you relocate, it may cost more to travel to the vicinity of the dealer’s service centre than it would to simply pay for your repairs out of pocket. This is why it is in your best interest to consider obtaining a warranty from a mainstream insurer or an authorised agent. Buying a warranty in this fashion ensures that you will receive discount pricing and maintain protection after the dealer’s business ceases.
All extended car warranties are created equally, so why not just buy the cheapest coverage?
A warranty is your protection from costly repairs and while lower rates may seem better at first glance, the lower level of service and limitations often associated with lower priced policies will force you to pay more out of pocket costs on your claims, surpassing any initial savings you achieved.
What is an Extended Manufacturer’s Warranty?
For more information about extended warranties, statutory and manufacturer warranties, as well as how they work and their potential benefits, continue reading.
What is a Statutory Motor Vehicle Warranty?
As part of this guarantee, all new cars carry a comprehensive manufacturer’s warranty, which can vary in length by seller, but offers protection for as long as 5 years or 150,000 kilometres. Conversely, the regulations for used cars are not as rigid. While many come with a statutory warranty, the conditions differ between states and depend largely on the age and kilometres of the car. Moreover, the purchase price of the vehicle may affect the warranty conditions in some states, as well.
What is an Extended Motor Vehicle Warranty?
Although many extended warranty products can be attained for a variety of prices, each has individual terms, conditions and inclusions. Extended warranty coverage should cover a broad spectrum of mechanical and electrical elements and may even cover roadside assistance. Furthermore, because intimate comprehension of the terms of your extended warranty ensures the best value for the price, be sure to fully read all of the information and request written confirmation of any questions.
How does an Extended Car Warranty work?
As technology in vehicles improves, repairs become more complex and costly. Not only do the parts cost more, but the cost of labour can quickly compound, driving the cost of a comparatively simple repair into the thousands. However, with the coverage of a warranty, the cost to you will be significantly less and in some cases nothing at all.
How can I benefit from an Extended Motor Vehicle Warranty?
Secure your investment
With the amount of money that you are likely to pay for your car, it just makes sense to be certain that you are covered against all of the potential electrical and mechanical problems that you could encounter in the future.
It is inevitable that something will go wrong with virtually every car at some point; why pay more than necessary to have it repaired?
Peace of mind
Opt for extended warranty coverage to limit the impact of unexpected major repairs: Do not risk further damage to your car by putting off vital repairs because the financial burden is too much.
Optional roadside assistance coverage with your extended warranty provides everyday certainty.
Choose your coverage; pay for high or low kilometre coverage.
Choose a single upfront payment or easy monthly installments.
Increased resale value
A transferable warranty adds to the resale value of the car because it is a valuable asset to the next owner.
Is it possible to get an Extended Motor Vehicle Warranty with a Private Sale?
Does an Extended Motor Vehicle Warranty restrict where I can have my car repaired?
Is an Extended Motor Vehicle Warranty a necessity?
Is an Extended Motor Vehicle Warranty Worth the price?
Does an Extended Vehicle Warranty offer Double Warranty Coverage?
Two key issues that increase the cost of a warranty are the car’s age and mileage. Thus, the best deals, such as longer terms and lower rates will be offered for newer vehicles that have lower mileage. In fact, the longer you have remaining on your original factory warranty, the better off you are in terms of comparison shopping; you are securing the current price for coverage in the future.
Do lapses in scheduled maintenance impact the warranty?
Will the act of towing a caravan or trailer affect my Warranty coverage?
Can car modifications void my Extended Car Warranty?
Do I need to get my Extended Car Warranty directly from the original dealer who sold it to me?
Buying from auctions, private sales etc all have different rules around when warranty needs to be one the vehicle or can be given to the vehicle. If you are thinking of purchasing contact your authorised agent first to tailor a warranty solution to suit your needs.