Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

SAAB Owners To Benefit From 25% Reduction in Warranty Premiums

In the wake of the news of the demise of SAAB GB, the warranty specialist, Warranty Direct, is offering SAAB owners 25% off any new warranty policy for SAABs less than three years-old.

SAAB, which has traded in the UK for more than 50 years, went into administration on 29th November following a turbulent few years which resulted in suspended production in recent months.

Most worrying for owners, however, will be the financial impact of the car maker's downfall, with the all important warranty protection at great risk.

With tens of thousands of owners potentially set to lose their vehicle warranties, made all the more worrying considering their less than average reliability rating (www.reliabilityindex.co.uk), many owners could be left to stump up despite owning a nearly new car.

In fact, 53% of SAAB 9-3s (2002 onwards) suffer faults in an average year, with 30% of those claims as a result of electrical problems.

Warranty Direct managing director, Duncan McClure Fisher said: "These are pretty scary times for SAAB owners right now. There are very few people who can afford unexpected repairs in the current climate and when a SAAB goes wrong, which it probably will do, there's every chance owners will be left to stump up."

"Under the Sale of Goods Act consumers may find some protection. If their car needs remedial work, depending on the fault and age of vehicle, they may be able to claim through the small claims court. Though there are question marks over the survival of its 58 franchised dealers (20 of which are exclusively SAAB).

"Some solace will hopefully come in the form of our 25% discounted SAAB rates for comprehensive warranty cover."

Warranty Direct is one of only a few warranty firms which are regulated by the Financial Services Authority (FSA) and therefore all of its customers are protected with fully insured policies for greater peace of mind.

For more information on the reliability of your vehicle visit www.reliabilityindex.co.uk , or for a quote go to
www.warrantydirect.co.uk .

Comments

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17

£186.05

48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH