However, they cost more and often have added restrictions about what parts and repairs are included in the warranty. Depending on the provider and level of cover you choose, an aftermarket warranty can cover the basics of the engine and gearbox only. The more comprehensive policies cover every part of the car, though this is based on the vehicle being in tip-top condition when you buy the cover. When you are choosing a warranty, read the small print very carefully to be sure of what is covered. You also need to make sure how much the policy will pay out for labour rates at a garage. Some may only cover this at approved repairers and there is often an upper limit.
Read the small print thoroughly.
Even then, there will almost certainly be exclusions. These can be for time limits, so you cannot claim within the first 90 days of buying the policy. Other exclusions to look for are capped labour rates and claim limits that restrict how much of the repair cost you can get back. With newer cars, an aftermarket warranty is not so vital but fixing a problem can be more expensive. If you save the same as a monthly payment to a warranty company, you may never need to spend it if your car is reliable and you then have a lump sum to spend. However, if your car needs a major repair, you could end up heavily out of pocket.
It depends on how reliable you think your car is and will be in the future. But there are always exceptions and exclusions. Most warranties include some form of roadside assistance and recovery. A breakdown policy will only get your car to a garage, not pay for the repairs.
Some warranties are more comprehensive than others, especially when it comes to aftermarket cover. Also check how much the cover will pay towards labour rates and what excess you have to pay as the first part of any bill.
Car warranties - Money Advice Service
Some car salesman will try to sell you a warranty alongside a finance deal, but this is because they receive a fee for selling a financial product. If you want a warranty, shop around for the best deal and find one that best suits your needs and type of driving. Most providers will not pay out on claims within the first 90 days to avoid drivers taking out a warranty on a car they know has a big bill looming. Reputable warranty companies will pay out on any legitimate claim, so long as it adheres to the terms and conditions set out.
If the company refuses and you think they should pay, you can complain to the provider, the Motor or Financial Ombudsman Service or go through the courts in extreme cases. Check the details of the warranty agreement for any claim to make sure you are covered and to see what exclusions might be in place that exempt the provider from paying out. There are many problems that can crop up with car warranties. The most common problem with warranties is the provider refusing to make a repair or pay for the remedial work.
This can be due to a number of reasons, including the provider claiming your car is too old or its mileage exceeds the terms of the contract. Another is that inferior or non-original parts have been fitted to the car as part of a routine service or previous repair work.
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It may also claim the garage is not an approved supplier. One other regular issue that comes up with warranties is the policy does not pay out for the whole cost of a repair. This can be because the labour rate charged by the appointed garage is too high, the price of the fix exceeds the value of your car or your policy has a price limit in place. The first thing you need to do is read all of your warranty policy documents very carefully when you take out the cover and before making a claim.
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Always be polite, clear in what you want to happen and that the policy covers you for the intended repair work. If the warranty provider refuses your claim or declines to pay for work, ask them to set out their reasons in writing to explain in detail why they are not agreeing to fix your car. Perhaps most importantly of all, do not be fobbed off by a warranty provider or dealer. Many will try to draw out the process for as long as possible in the hope you will get bored or need your car fixed in hurry. Summer is when drivers dream of buying convertibles, making winter a good time to haggle for a deal on one.
All dealers work to three-monthly sales targets Most of us try to hit target way before the end of the quarter, we did our best deals in Feb and early March and are now basically done for the quarter. Before you start browsing for the 'one', think about what you really NEED from a car. Ask yourself:. What are my essential requirements? Enough room for the family? A cheap car to run? A sporty number? Think about what you need Do I need the car to do anything specific?
This could include towing a trailer or fitting into a small space. Is it for short city drives or longer motorway journeys? Does it need to be able to cruise at motorway speeds without straining? What's better, petrol or diesel? The fuel you want to use can make a big difference in the model you might choose. Do I need a massive boot? Consider whether you need room for things such as sports equipment or a pushchair — or if you need to fit friendly Fido or your meddling mother-in-law.
Do I want to consider an eco-friendly car? If so, a hybrid or electric car could be an option. If you need to flog your current wheels, you've two options. You can either part-exchange the car at the dealership, where the dealer gives you a price and knocks it off the total cost of the car you're buying.
Or you can sell privately — where you list the car and get cash from the person who buys it. We investigated how much more you'd get selling your car privately, and a search for the value of several models on Autotrader. If you do decide to part-exchange, watch for dealers inflating the trade-in price of your old car — making it look like you're getting a good deal — but at the same time charging you more for the new model. You can check out every model online.
What Car? There are two sorts of costs you need to budget for: upfront and ongoing. Check you've thought about all of the following and budgeted for them:. Any upfront costs.
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Once you've decided to buy a car, you will of course have to pay for it. You can either pay the whole cost upfront or take out a finance deal. Whichever way you choose, expect to at least pay some kind of down payment before you drive off. Finance repayments. Car insurance. The cost of insurance is based on how much of a risk insurers perceive you to be. Eg, if you are a youngster who's just passed your test, you will pay more for your cover.
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Plus, taking breakdown cover will bump up the cost. You'll need to get your car serviced regularly, typically once a year, though it varies by model. Parking permits and tolls. Check your council website to see how much this costs. Consider any costs to park at work if you drive there too, as well as toll charges you may face along the way. Other spending. The biggest complaint made about used cars is that they develop a fault soon after purchase.
You can lessen the chance of that happening by doing all the right checks when viewing the car. See point There are tons of online reviews on the above sites and forums that will flag any common problems that could mean costly repairs down the line. So it can be worth narrowing your search to these. Remember that depreciation can prove a shock.
The older the car gets, the less important this is.