3rd party warranties?
Discussion
Just about to buy a second hand Velar, its got full LR service history but I am buying from a large, multi branch independent garage.
They are offering their own 3rd party warranty that seems to cover most areas except bodywork for approx £700.
A quick google and a warranty wise full coverage pack is £1000 per year.
I am always wary of these warranties trying to get out of everything, and with the velar not having the best reputation I would like to be covered, and advise?
Not getting the Velar is not an option as it’s for my wife and after spending 4 days test driving around 15 different cars this is the only one we have decided on!
They are offering their own 3rd party warranty that seems to cover most areas except bodywork for approx £700.
A quick google and a warranty wise full coverage pack is £1000 per year.
I am always wary of these warranties trying to get out of everything, and with the velar not having the best reputation I would like to be covered, and advise?
Not getting the Velar is not an option as it’s for my wife and after spending 4 days test driving around 15 different cars this is the only one we have decided on!
Spent £1000 on a motor way warranty for my disco 4. It was a 3 year warranty.
Successfully claimed for 2 things. One a door actuator and the other was the front suspension arms. The actuator was £150 and they signed it off without blinking. The arms was a battle and they offered me half as a goodwill gesture because they setup my policy incorrectly at inception, so in normal situations wouldn’t have let me claim. That was £450.
They knocked back claims for handbrake mechanism, steering wheel squab and air suspension, all which ram to many thousands. Basically they will always give you a fight for the decent bills.
In my opinion, if it’s not manufacturer backed extended cover, don’t bother. Put the cost per year away as your fighting fund
Successfully claimed for 2 things. One a door actuator and the other was the front suspension arms. The actuator was £150 and they signed it off without blinking. The arms was a battle and they offered me half as a goodwill gesture because they setup my policy incorrectly at inception, so in normal situations wouldn’t have let me claim. That was £450.
They knocked back claims for handbrake mechanism, steering wheel squab and air suspension, all which ram to many thousands. Basically they will always give you a fight for the decent bills.
In my opinion, if it’s not manufacturer backed extended cover, don’t bother. Put the cost per year away as your fighting fund
Well, as always , there are two sides to every story. I had an Autoguard warranty on my R8 for two years. Cost me £1500 ( car came with 6 months and I added 18 more for £1500).
Made two claims, one for a door lock mechanism, and one for a fan issue, with the latter involving quite a big tear down and a new fan controller (expensive).
They paid with zero quibbles. It certainly helps to have a good garage that can be bothered to supply the correct paperwork and follow the insurers procedure to the letter. Mine did.
Warranty paid for itself, and gave me two years peace of mind.
Made two claims, one for a door lock mechanism, and one for a fan issue, with the latter involving quite a big tear down and a new fan controller (expensive).
They paid with zero quibbles. It certainly helps to have a good garage that can be bothered to supply the correct paperwork and follow the insurers procedure to the letter. Mine did.
Warranty paid for itself, and gave me two years peace of mind.
Allianz Assistance provide the 'insured warranty' for BMW and 'extended warranty' for Mercedes, as well as a number of other manufacturers.
They will sell a warranty directly for most other common vehicles.
The BMW insured warranty has is a limit on individual claims, I suspect the others will be similar.
I have no connection other than being a customer via BMW.
They will sell a warranty directly for most other common vehicles.
The BMW insured warranty has is a limit on individual claims, I suspect the others will be similar.
I have no connection other than being a customer via BMW.
Trevor555 said:
What's the claim limit?
Would it be enough to cover an engine failure on a Velar?
£10,000 per claim. I went into that with my eyes open.Would it be enough to cover an engine failure on a Velar?
Basically, if I had a catastrophic engine failure it would not have covered the repair (let alone a replacement!) but then I took the view that it had had 10 years to explode, and had managed not too so far , and , if you want to cover every eventuality, buy a new car, not a used one. Even then, you are only covered for so long.
I've bought many many cars and never needed a huge repair. Even my Disco 3, whilst expensive to run, didn't blow up (lucky me, based on a mate's experience with a failed turbo), but then it was a £14k car at the time, so I wasn't expecting miracles.
3rd party warranties seem to get very negative commentary on here - there was one a couple of years back with a BMW M5 IIRC that tried all kinds of underhanded behaviour to avoid paying. Would suggest the manufacturer one is probably the only one worth going for, and let’s face it LR doesn’t have the best reputation as far as reliability goes.
archie456 said:
Allianz Assistance provide the 'insured warranty' for BMW and 'extended warranty' for Mercedes, as well as a number of other manufacturers.
They will sell a warranty directly for most other common vehicles.
The BMW insured warranty has is a limit on individual claims, I suspect the others will be similar.
I have no connection other than being a customer via BMW.
I have the same on my BMW, but I am finding that dealers are less helpful, or the warranty co are less willing to pay out compared to 10 years ago.They will sell a warranty directly for most other common vehicles.
The BMW insured warranty has is a limit on individual claims, I suspect the others will be similar.
I have no connection other than being a customer via BMW.
Third party warranties are a crap shoot and when they leave you lumbered, you will be wondering why you didn't try a little harder to convince the other half that a Kia Sorento or Hyundai Santa Fe was the sensible choice.
Good luck with the Velar, I think they look ace but I wouldn't touch one without a main dealer warranty.
Good luck with the Velar, I think they look ace but I wouldn't touch one without a main dealer warranty.
Trevor555 said:
Buy from a LR dealer and get their warranty.
The LR dealer warranty on pre-owned cars out of initial warranty is operated by a separate company who will wriggle like you wouldn’t imagine. Don’t expect help from LR either. They will hide behind the fact that, even though a dealer supplied the LR branded warranty, it being a separate company. And you won’t get a decent (if any) courtesy car either, even if yours will be off the road for months.
LooneyTunes said:
Trevor555 said:
Buy from a LR dealer and get their warranty.
The LR dealer warranty on pre-owned cars out of initial warranty is operated by a separate company who will wriggle like you wouldn’t imagine. Don’t expect help from LR either. They will hide behind the fact that, even though a dealer supplied the LR branded warranty, it being a separate company. And you won’t get a decent (if any) courtesy car either, even if yours will be off the road for months.
That sadly doesn’t work if you want a vehicle that is out of production… and, in any event, shouldn’t be necessary as you should be able to have a reasonable expectation that a main dealer will stand behind the quality of an approved used car.
They sorted it in the end, but I know of others who have run into similar problems with the approved used warranty from LR.
They sorted it in the end, but I know of others who have run into similar problems with the approved used warranty from LR.
SteveR1979 said:
I have the same on my BMW, but I am finding that dealers are less helpful, or the warranty co are less willing to pay out compared to 10 years ago.
No problems so far, had 1 claim for a turbo actuator so far which was no quibble with the dealer. But there are limitations and exclusions in the policy. When I had a CSL my local dealer would replace anything under warranty, and was keen. I had an alternator fail, and when I picked it up they had indeed replaced the alternator, but had changed the diff seal and fitted new rear springs as well.
LooneyTunes said:
That sadly doesn’t work if you want a vehicle that is out of production… and, in any event, shouldn’t be necessary as you should be able to have a reasonable expectation that a main dealer will stand behind the quality of an approved used car.
They sorted it in the end, but I know of others who have run into similar problems with the approved used warranty from LR.
Third party warranties are nothing more than insurance policies. Manufacturers should stand behind the warranties they offer on approved used vehicles and the after sales service you receive should be akin to buying the vehicle new. It seems Toyota have realised this and are standing behind their products with their 10 year warranty extension, however I don't know how this is working out for owners making a claim.They sorted it in the end, but I know of others who have run into similar problems with the approved used warranty from LR.
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