Extended motor warranties exist to ease the burden of having to pay a large lump sum of money in the event of an unexpected mechanical breakdown or electrical failure.
In this article we’re going to unpack some of the most frequently asked questions around extended motor warranties.
Let’s get started.
What is an extended motor warranty?
An extended motor warranty is a prolonged warranty that is specifically designed to cover mechanical breakdowns up to a certain amount. Extended motor warranties can be purchased before your manufacturer’s warranty expires so that you don’t get caught with no cover.
What are the advantages of an extended warranty?
Here are top 3 benefits of an extended motor warranty.
Peace of mind
Without an extended motor warranty, you are liable for all the costs involved in the event of an expected mechanical breakdown or electrical failure. With an extended motor warranty, you can rest assured knowing that you won’t have to pay a large lump sum of cash if such a situation were to occur.
Save money on costly repairs
While the reliability of cars has significantly improved, they are still very expensive to maintain. Having an extended motor warranty helps you ease the financial impact of owning a car.
Prolong the life of your car
Unexpected repairs that creep even higher are frequently what defines the moment when you decide to purchase a new car. An extended motor warranty helps you keep repairs bills lower and can help staying in your current vehicle longer more affordable.
What is not covered by an extended motor warranty?
Essentially insurance for your car, motor warranties are designed to cover breakdowns up to a certain value. While they do cover the primary cause of failure, they do not cover any further damage, as well as consumables or ‘wear and tear’ items.
What can cause a motor warranty claim to be invalidated?
The following could result in a claim being invalidated.
- Using the incorrect fuel and/or fluids.
- Failing to follow the claim’s procedure.
- Ignoring recommended service internal.
- Fitting non-genuine parts to your car during repairs.
- Modifying your vehicle outside of the manufacturer’s standard specification.
- Ignoring warning lights and/or any noticeable electrical and mechanical faults.
At the end of the day, it is your responsibility to keep your vehicle in good health; part and parcel of this is knowing the correct steps to follow when your original manufacturer’s warranty comes to an end. Know the ins and outs of a motor warranty and you can keep your car running longer while saving money and headaches along the way.
Any information herein is not intended nor does it constitute financial advice. The Content is for informational purposes only”.