Ive only just discovered some companies that offer warranties on older high millage cars (i didnt know they existed) so im after some more info on them
I have a 306 hdi (2001) with 177,000 on the clock. I got a quote for £170 which i didnt think was bad for 12 months. The list of what is covered and what isnt is quite specific but i wanted to know how these companies work?
for example, who has to carry out any repairs? could i take it to my local mechanic?
How do they know if the fault is new and wasnt there when the policy was taken out?
Do they pay for the repairs or send you the money?
And how reliable are these policies in general?
Thanks for any info
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I think you'll find that one of the terms and conditions of the warranty is usually, that the vehicle has been serviced regularly to manufacturers schedules, a fact that's sometimes very hard to prove on an older car. Also most items that fail on a high miler will be classed as wear and tear and won't be covered.
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my car has full stamped service history and i think i did read that it would require a service every 6 thousand. I usually service my own but id be willing to get it done at my garage for peace of mind.
I read also that the company im looking into allows repairs to be done at a VAT registered garage and deals directly with them, doesnt charge any excess, allows the cover to start straight away and i think it covers quite a lot from cylinder heads, radiators etc to brake cylinders.
How do they define wear and tear though. Obviously things like brake pads etc are wear and tear but i would inlcude radiators in that catagory...nothing lasts forever.
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Mine had the interesting clause that if any damage was caused by overheating of any component the entire warranty would be void.
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Put your £170 in the building society. On a 177k car just about everything is going to be wear and tear...
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Warranty Direct is currently on news for not approving more & more numbers of valid claims!
There are more get out clauses available than get ins! For a car with 177k miles, it is indeed better keeping the money in banks :)
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