Has anyone saved significantly with a warranty?

[juts]

After having payed ~£4500 on repairs to my Cerb in the past 4 months....my warranty has only saved me £200!!
Is there really any point in renewing it??

[Pinkney]

I too would like to know this - warranty ran out on Cerbera a few days ago and I am unsure whether to renew it or not. £250 a year for claims up to £500 and £500 for claims upto £1000 - not much use for a full engine rebuild!.

Local TVR dealer has said he can do a warranty for around £750-800 a year which will cover 'everything'. I am currently investigating what 'everything' covers.

Will get back when I know more.

[gazzab]

The devils in the detail ie the small print.
Personally I wold rather have the expensive one on an AJP car and the cheaper ones on a Rover car.
Guess what - I have the £1K limit policy on my cerbera. The engine needs some work. Not sure whether any on the policies would cover the work but what I do know is that the bill will exceed £1K by quite some margin.

[Luca Brazzi]

I'm just about to take ownership of an 11 month old Tuscan, taking out a year's warranty with Warranty Holdings Ltd.

It seems I am completely misunderstanding the point. I thought (led to believe) that everything is covered apart from wear and tear items. Is this not true then?
I haven't seen anything about the limits you're covered for.

Can anyone help clarify for me. I'd be extremely grateful, as it would give me time to reconsider the options I'm choosing.

steve

[.mark]

We have one with WH Ltd. and it has been fantastic, as a rough guess over the last year it has saved us something like 1000 - 1200GBP on dealer charges.

[fish]

Warrenty Holdings do quite a number of different covers. The Total Spirt cover ie("Everything!!") is about £800 for a Tuscan for the year. It includes most things bar electrical loom, body and ancilleries like HT leads other than that it covers the rest and you can claim as many times as you want.

[philshort]

My 500 Chim developed a habit of eating cam followers at £400 a set. Fault traced (after 2 sets gone) to oil pickup coming loose in the sump. No oil under hard acceleration, but oil pressure fine when you had time to look at the guage.

This happened just after 12 months from new so I was glad of the extended warranty, probably saved me a grand.

'Course this is peanuts compared to T-Car "running" costs, but then my engine isn't a service disposable item. (Must remember not to revisit this thread without a nomex suit.)

[simpo one]

First principles: Warranties are offered because they make money for the people who issue them (otherwise they wouldn't do it!). If something is designed to make money for one party, it must lose money - on average - for the other party, ie you the driver. So it's just a question of 'How lucky do you feel?' My view is keep the money in the bank. If something needs fixing, you have some money to help pay for it. If it doesn't, you get to keep the money!

[Roadrunner]

That's not a warranty, it's a piss take.

[steve500]

I have recently discovered that the warranty will not cover damage to an engine if something comes loose. It has to actually "break" apparently.

Hence when a big end bolt came loose, and caused lots of engine damage, "tuff" was the response.

[vindaloo]

and they don't pay to find the problem fkrs

[Guy Humpage]

...and if, for example, your cambelt snaps, they will pay out £50 for a new belt not the £x,000 for the bent engine.

[plotloss]

I am following this thread with interest. When I bought my Chim the dealer threw in 3 years free warranty and 3 years free servicing and stated you'll only have to pay for the wear and tear items.

I wonder what will happen if I have to claim. As far as I am concerned thats the dealers issue to resolve and I'll just be paying for the worn parts.

Should the worst happen I will report back.

Matt.

[MikeyT]

Of course if you put your hand in your pocket Matt and bought that Cerb you REALLY want ...

[basher]

I have actually - car came with warranty and it is pretty new (2.5 yrs old now). Oil pump got knack'd when the oil pressure spring shards entered the pump and snapped the shaft - covered over 2.6k of a 3k bill so I was pretty happy on that....the fact that it is a faulty part (oil pressure spring) that has not been replaced on a recall pissed me off but there you go..its a TVR not a VW and boy am I glad it is...

[juts]

What exactly is classed as 'wear and tear'?
They refused point blank to pay out when the temp/oil gauge decided to read a constant 105 deg!
How exactly does a temperature gauge wear????


>> Edited by juts on Monday 13th May 19:17

[Humsing]

Hmmm, this is a difficult one, when I bought my Griff 2 years ago my local dealer agreed to buy it from the previous owner and then flog it onto me at a premium, probably £1500-£2000 based on what the guy was looking for in Top Marques. Must admit I thought at the time, and still do that it was worth paying the extra, not only did the dealer cover the first annual service for me he also provided 12 months warranty. Nothing unusual in that I know but I've certainly had my moneys worth wrt a water leak. I noticed the water leak when I'd had the car for 11 months and it took a further 11 months to identify the source of the leak. In that time I couldn't tell you how many times the dealer had the car and I know on one occasion alone it cost them £1000+ in labour with the local body shop.

At no time did I ever have a problem with the dealer who was determined not to be beaten by the leak. I guess what I'm saying is that a lot could depend on the dealer concerned and how far they are prepared to go for you. All I can say is that my local dealer isn't so much concerned with selling you your first car but many more cars after that and therefore customer relations seem to be at the forefront of their thinking.

Incidentally I was subsequently contacted by WH re renewing the Warranty but cos they wanted an arm and a leg, because my Griff has been absolutely and totally reliable (apart from the leak, touch wood) and because I'd worked in the motor industry and had some experience of the term 'fair wear and tear' I figured I'd take a chance and hang onto my money. Not regretted thus far.