Whether you’re buying a new car from a dealership, or a used car from a private seller, you want to have peace of mind that your car will always be running and you will never be paying for unexpected maintenance costs.
Having a warranty cover your vehicle is a great way to ensure your pride and joy is protected and always looked after. A warranty will cover unexpected maintenance, repairs, or replacement of non wear and tear components of your car.
There are many types of warranties on the market, and you may have heard the saying before, “they’re not worth the paper they’re written on.” In some cases, this can be true. It is important to select the right warranty for your vehicle, and ensure you understand the coverage so you are always getting the best value. No matter how new, or how old, or how many kms are on your car, or even if the car is being sold by a private seller, we have a warranty product that will suit your needs.
Different Types of Car Warranty
This is the warranty that comes with every new car and is covered by the manufacturer. All manufacturers are different and offer different warranty periods. Most are 3 years, but some offer 5 or even longer. The manufacturer warranty will cover everything on the car excluding wear and tear.
New Car Extended Warranty
If you like the security of the manufacturer’s warranty on your new car, but want it covered for a longer period, we can extend that for you for up to an additional 5 years.
Even if you don’t plan on keeping your car longer than the manufacturer’s warranty period, and usually sell your car after 3 or 4 years, being able to sell your used car with years of new car warranty remaining will set your car apart from the rest of the market, will give your car more value, and will give any potential buyer much more confidence to make the purchase so you can deal with less “tyre kickers.”
New car extended warranties will cover everything, excluding wear and tear, paint, panels, glass, and trim.
Dealership Service Warranty
This warranty is something many dealers will try and provide, however it’s something you should be cautious of.
The dealership you purchase your car from will agree to cover all non wear and tear maintenance to your car, providing you perform every single service at the dealership. This can be quite convenient for some people, but if for any reason you have a single service performed at any other mechanic, that will void your warranty.
Many people like the flexibility of taking their car to their own mechanic that they know and trust. Even for those lucky few who happen to live next door to the dealership, if you move during the ownership of your car, it could become quite inconvenient travelling back to the dealership for every single service.
This type of warranty usually serves the dealership more than anyone as it is usually utilised to lock you in as a repeat service customer.
Used Car Warranty
This warranty is for used eing sold outside of their manufacturer warranty period. There are 2 main types of used car warranty:
– Inclusions warranty. An Inclusions warranty will include cover for spedicified components and have specified levels of coverage for each component covered. When taking out one of these warranties it is very important to read the PDS and ensure that the level of coverage you are being provided is substantial enough for your car.
– Exclusions warranty. An Exclusions warranty covers absolutely everything on the car, only excluding wear and tear. It is very similar to a new car extended warranty, however the total maximum payout is usually reduced compared to a New car extended warranty.