A motor warranty is your ‘knight-in-shining-armour’ when your car decides to unexpectedly break down. Here are our top three reasons why.
Published: Wednesday, September 21st 2016
Your trusty little car has made its way through the factory motor warranty - now what do you do?Should I extend my motor warranty or buy a new car? My car is really getting on, do I even need to extend my motor warranty?The simple answer is yes, due to the intricate electronic technology most of our cars are now comprised of, breakdowns can come simply out of the blue. But if that doesn't convince you - perhaps the below reasons will.A motor warranty is designed to help car owners when their car unexpectedly breaks down and needs urgent and costly repairs. Most insurance companies also conveniently offer 24/7 roadside assistance so you are never left stranded.
When to Consider An Extended Motor Warranty
Car is a passenger car (not for commercial purposes)
Warranty has expired
Car is less than 10 years old
Distance travelled is less than 200 000 km (depending on your provider)
Car is not used for commercial purposes or racing
With all of the above factors in mind, it would seem that your car has been well-looked after. Therefore, many insurance providers would be happy to extend your motor warranty, provided that your car is in a roadworthy condition.
The Top 3 Reasons to Get An Extended Motor Warranty
You Purchase a Pre-Owned Car
You have just bought your first pre-owned car (with an expired or no motor warranty) and are unsure of it's past history. A motor warranty lets you rest assured that whatever does happen to your car, you are financially covered. You will not have to splurge on a brand new engine and eat two-minute noodles for the rest of the month.
You Want to Avoid Unexpected Expenses
There is nothing worse than driving on your way to work and your car starts spluttering and emitting blue smoke. Your mind races through all the possible reasons for this and finally settles on one panicked question - "How am I going to afford this?"With a motor warranty, you pay a competitive monthly premium which in turn gives you peace of mind. You can rest easy knowing that your "knight in shining armour" is always on the way to help you out of any roadside issue. Furthermore, you will be covered for any mechanical breakdown expenses.
Your Car is Maintained
Depending on your motor warranty insurance plan, you are able to maintain your car service plan on your vehicle to keep it in top running condition.A motor warranty will also cover certain motor requirements that car insurance plans simply do not. This includes all components that were covered by the manufacturer which have suffered mechanical breakdowns.