Buying a decent car warranty is similar to buying new car for you. Most warranty statements are complex and they can vary widely. It is also about as important to buy the right warranty as it is to buy the right car, because there can be mismatches with the statement and the warranty that potentially end up wasting the package entirely. Some important prongs that you should keep in mind while deciding which car warranty you want to buy.
- Claim Limit
Most new car warranty packages offer a relevant amount for the repair of car in case of any incident. While this can’t usually be meandered away from, it’s important that you take into account the cost of repairing frequently damaged parts of your car. Even for rare problems such as an engine seizure, people often have to shell out money for getting the work done i.e. assembly and labour costs, even though the engine itself is covered by warranty.
- Damage Resulting from Repairs
Making large repairs in cars are often accompanied by consequential damages. Your insurance company might cover the damage to your vehicle that requires repair, but does it also cover the damage your vehicle will suffer because of the very process of repairing? This may seem incredulous to you, but it happens.
Keep in mind that not all warranties can be upgraded to cover costs of additional features included in your car, such as any parts or accessories you might manually add after buying the vehicle. This is annoying especially when the upgradations you make are large.
- Where the repair is done
Warranty claims often put a separate cap on the amount of money you can claim as labour charge. If the warranty is not suitable, you may have problems such as having to get your repair done at a sub-standard place by someone who is not properly equipped to handle your vehicle. Therefore, it follows that you may suffer extensive consequential damage to the vehicle.
- Wear of Previously Owned Cars
How a second hand car was driven by its first owner often determines how much the second owner would have to suffer. You cannot possibly be aware of the strain to the engine made at the owner’s expense. Therefore, it is vital that you make certain your warranty covers damage from wear and tear. Note that this does not imply the wear and tear caused by your mishandling would also be covered in a warranty – so that you can get appropriate amount for repairing your vehicle.
- Approval of the Provider
If you have a warranty that is not accepted by the Financial Services Authority of the British government, you’ll probably find that most repairing agencies and mechanics will not accept it as proper and legal reimbursement. Therefore, it’s essential that you verify out the people who are offering you with the new car warranty. Usually, their approval would be mentioned on their website or relevant documentation would be available readily upon request.