Manufacturer 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.
Before approaching any lenders or searching for cars, the most important thing for you to know is how much you can afford each month for your car. This includes not just the repayment for the loan, but also your insurance and running costs for the car as well.
Whether you have a specific asset in mind, or just a set of requirements you needs to fulfil, everyone has different wants and needs when it comes to taking out finance and insurance. The more you can let us know about what you want or what you need, the better we are able to fulfil your dream.
When it comes to taking out finance, there is no such thing as too much documentation. We will always strive to make the process as smooth as possible with the minimum amount of documentation, however, the more prepared you are, the quicker we can make the process for you. Be prepared with IDs, residential and employment histories, payslips, or tax returns and profit and loss statements if you’re self-employed. The more prepared you are the more efficient we are.
Once you know the above, enquire online or call us directly and we can help you with the rest. If there’s anything above you need assistance with, not to worry, our devoted team can answer all your questions and find the deal that best suits your requirements. We can guide you along the way no matter how early, or late, in the process you are. We put your mind at ease and make finding the best deal easy from start to finish.