The 5 Different Types of Extended Warranty Cover Unlock peace of mind with extended warranty coverage! From Bumper-to-Bumper to Powertrain, Drivetrain, Wrap, and Corrosion warranties. Learn more about each type and safeguard your investment today. Learn More: https://bit.ly/49oH1Wy #ExtendedWarranty #ProtectionPlan #PeaceOfMind
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Thanks to the Editor of Automotive Management (AM) Magazine, Tim Rose and the team for sharing our latest article on our recent research into used vehicle repair costs. 📣 Key highlights: 🌍 Global parts shortages and rocketing labour rates drove up car repair costs by 13.5% in 2023 🔧 Alternators are the most common electrical item to fail. Electrical and electronic systems also made up 20.86% of all car warranty claims 🚗 Clutches, flywheels, driveshafts and wheel bearings were the most common faults reported on cars aged 7-12 years old Read the full article here: 👇 https://bit.ly/3UtGjlF
Perfect storm drove up car repair costs by 13.5% in 2023, warranty firm reports
am-online.com
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Vehicle expenses can quickly stack up far beyond the purchase price. This article calls out some key costs you should factor into your budget, but it’s not an exhaustive list. Motor vehicle protection products can go a long way in keeping your expenses from growing out of hand.
What Is the Total Cost of Owning a Car? - NerdWallet
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LEARN MORE ABOUT WARRANTIES | When you purchase a new car, one of the first things you encounter is the manufacturer's warranty. But what exactly does it cover? A warranty is essentially a contract between you and the manufacturer, promising to repair or replace any mechanical or electrical faults that occur within a specified period. They typically exclude wear and tear items like brake pads and tyres, as well as damage resulting from accidents or misuse. However, it's essential to note that factory warranties come free with a vehicle and cover you for the big-ticket items like engine failure due to a factory fault or a faulty gearbox for example. In contrast, value-added products such as service, maintenance and/or motor plans come with a large price tag. Even though some are still unlawfully built into the price of the vehicle, they are never free. You are still paying for them 100% and it only covers you for relatively inexpensive items like your first few services, brake pads, spark plugs and wiper blades. In the market for a new car? Here are the key takeaways to remember when deciding whether to include a service/maintenance or motor plan in your purchase or not: ✅ Factory warranties automatically come free of charge with a vehicle and cover big-ticket item repairs or replacements (e.g. engine failure, faulty gearbox, etc.). ❌ Service/maintenance and motor plans come at a high cost and cover relatively inexpensive items (e.g. brake pads/spark plugs and wiper blades). Remember, you will receive the warranty automatically for free. #RightToRepair #R2R #RightToRepairSA #ItsYourChoice #ConsumerChoice #VehicleWarranty #UnderstandingWarranties
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Mechanical Breakdown Protection is so VERY important to protect your financial institution and your members!
VP Sales - Automotive Solutions @ Allied Solutions LLC | Insurance, National Accounts, Fintech, Auto Finance
The average vehicle owner will spend 9.83 cents on maintenance and repairs for every mile they drive, or $1,474.50 during a 15,000-mile year, up 1.6% from 2022, according to AAA. Now more than ever, F&I Products can help consumers hedge against maintenance and mechanical repair costs while safeguarding their budget.
AAA: Average vehicle service and repair cost is nearly $1,475 a year
autonews.com
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Does Toyota Care Cover Tire Patches? Find Out Now! Yes, Toyota Care does not cover tire patches. ToyotaCare is a no-cost maintenance plan that comes with the purchase or lease of a new Toyota vehicle for a certain period. It typically covers scheduled maintenance services, such as oil changes, tire rotations, and inspections, for a specific duration or mileage.
Does Toyota Care Cover Tire Patches? Find Out Now!
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If you own a vehicle that is no longer covered by a manufacturer's warranty and plan to hold on to your vehicle for a while longer (given high interest rates), then you'll want to read this post. Especially if you plan to continue to increase total vehicle mileage. https://lnkd.in/eDpDqu-s
Reducing Financial Risk: Is a Car Warranty the Right Choice for You?
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If you own a vehicle that is no longer covered by a manufacturer's warranty and plan to hold on to your vehicle for a while longer (given high interest rates), then you'll want to read this post. Especially if you plan to continue to increase total vehicle mileage. https://lnkd.in/eiJqXrf2
Reducing Financial Risk: Is a Car Warranty the Right Choice for You?
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Tech Lead at Datalex • Owner of insco.pe • Creator of GrappleApp • Dabbling in FightPick.club and Formle.uk
Cautionary tale about using the RAC for any vehicle repairs… On the 15th December I had someone come out to replace the alternator in my Volvo. I’d booked this appointment via the RAC website, clicking on “get a quick quote” and then selecting “repair”. This then takes you to a different website - without any warning - called whocanfixmycar.com, where you put in your postcode and what the problem is, then click confirm. Later on, you get a phone call about this, from an independent garage not owned by the RAC or whocanfixmycar.com, and they (attempt to) carry out the work. Long story short, the lad comes out to fix it, fails to do so, tells his boss he’s done it and marks it off as completed, leaves my car in a totally unusable state over the entirety of Christmas (and still now), and the garage makes no effort to get in touch with me or return my calls. Here’s the best bit. I contacted the RAC who pass the buck onto whocanfixmycar, and they pass the buck onto the garage, who are incommunicado. So the moral of the story here is the “RAC seal of approval” isn’t worth the pixels it’s rendered in, and you’d be well advised to avoid this shoddy “it’s not my responsibility” business model. And here I am, nearly a month later and £540 out of pocket, still asking the question… who can fix my car? UPDATE: It’s been resolved now. The original garage sent someone out to do the job and it has been done successfully. Apparently the original mechanic quit his job over Christmas and told the owner all his outstanding jobs were complete, so I guess I’ll have to take his word on that. Maybe requiring a customer signature to confirm job completion in future is the way to go…
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A mechanical warranty, or extended warranty, can be useful if your vehicle's original warranty has expired. Here are the benefits: 1. **Covers Major Repairs**: Helps with costly fixes to crucial parts like the engine or transmission. 2. **Cost Predictability**: Reduces surprise repair costs with a fixed upfront payment. 3. **Peace of Mind**: Offers security against unexpected breakdowns. 4. **Increases Resale Value**: A transferable warranty can make your vehicle more appealing to buyers. 5. **Extra Perks**: Often includes roadside assistance or rental car coverage. 6. **Simplifies Repairs**: Provides access to approved mechanics for easy service. 7. **Customizable**: Some plans let you choose your coverage level. Before buying, consider these factors: 1. **Cost-Effectiveness**: Ensure it's worth the price based on your vehicle's age and condition. 2. **Coverage Details**: Understand what is and isn't covered, including any deductibles. 3. **Provider's Reputation**: Choose a reputable company with a good track record. 4. **Vehicle Reliability**: Research your car's reliability to estimate future repair needs. In short, a mechanical warranty can be valuable, but make sure to assess your needs and do your research #ExtendedWarranty #VehicleWarranty #CarMaintenance #CarRepairs #AutoWarranty #CarCare #VehicleProtection #CarRepairCoverage #CarInsurance
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🚗 Think High Mileage Cars Aren’t Worth Protecting? Think Again with 1800Warranty! 🚗 As cars age and accumulate more miles, the likelihood of unexpected repairs increases significantly. For owners of high mileage cars, having a reliable extended car warranty can make all the difference. 1800Warranty stands out as a top choice for protecting high mileage vehicles. Here are the top 3 reasons to choose 1800Warranty for your high mileage car: 👍 Comprehensive Coverage: Extensive protection against a wide range of issues. 👍 Affordable Warranty Costs: Budget-friendly plans that fit various budgets. 👍 High Mileage Limits: Coverage up to 150,000 miles. High mileage cars often require more maintenance and repairs than newer vehicles. With the right extended warranty, you can protect your investment and ensure peace of mind. 1800Warranty offers specialized plans tailored for high mileage vehicles, making it an excellent choice for car owners looking for reliable coverage. 🔗 Discover the remaining 7 reasons on our blog: https://lnkd.in/eU7g6GE6 #1800Warranty #HighMileageCars #CarWarranty #SaveMoney #ComprehensiveCoverage #AffordablePlans #CustomerService #HassleFree #DriveSmart #VehicleProtection
Blog - 1800Warranty
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