So you’ve just bought yourself that brand new pair of wheels you’ve been eyeing for a while. You can see the salesperson’s mouth moving but don’t hear anything as the only thing going through your mind is putting your foot on that accelerator and driving down the freeway at 120km/h.
You’ve skimmed through the document detailing your policies and motor warranty plans and thing you have the gist of all the details. But how much do you really understand?
As a car buyer, it’s important to understand your vehicle and policies.
How do motor warranty plans work?
A motor warranty plan is especially for mechanical breakdown claims. Warranties are essentially there to “assist” if your vehicle has a mechanical breakdown.
Also known as mechanical insurance, motor warranty plans are policies that cover the costs of specified mechanical problems as and when they happen.
It’s important to keep in mind that motor warranty plans are not maintenance policies.
How motor warranty plans work:
A vehicle needs to be services within the first month or 1000kms of receipt of the vehicle. Read your conditions to safeguard yourself, as service intervals tend to vary.
A top up warranty covers claims or items that do not fall under a standard warranty.
You can only claim for one incident at a time.
Your warranty could be invalid if you replace parts yourself.
Before granting an extended warranty, manufacturers will take into account a vehicle’s age and mileage. For an older vehicle, it’s advisable to consider a warranty to cover unforeseen repairs.
Benefits of getting a Motor Warranty Plans:
- Protection from costly mechanical repairs
- Peace of mind
- Affordable monthly motor warranty payments
- Vehicle longevity, because your car will be serviced by qualified mechanics
- A variety of motor warranty options to enable you to get the exact cover you require at the right place.