A study has shown that car manufacturers who offer long warranties don’t always give motorists the best deals
A study has shown that car manufacturers who offer long warranties don’t always give motorists the best deals. Mitsubishi, Renault, Subaru, Hyundai and Kia now offer warranties that range from four to seven years from the initial purchase date of a new vehicle, but on closer inspection there are big discrepancies between advertised cover and time elapsed.
Many longer warranties from car manufacturers now enforce mileage restrictions and exclude complex components and failures classified under ‘wear and tear’. Mitsubishi’s five year warranty is subject to a strict mileage cap of just 62,500, while Renault, Subaru, Hyundai and Kia all cap mileage at 100,000.
The ‘wear and tear’ policy for new Kias outlines restrictions based on mileage, saying that the gradual wearing of mechanical components in proportion to mileage is not covered. Elsewhere Subaru’s five year warranty could leave owners exposed and after year three only the powertrain is covered, which is defined as the engine, transmission and driveline. After the third year Subaru’s cover excludes all steering components apart from the power steering pump and all air-conditioning parts other than the compressor.
Click4Warranty, a leading provider of flexible insurance products for consumers, takes a strong interest in reports such as this. A spokesperson provided this statement: “This study shows that consumers need to read the fine print and know exactly what they’re going to be covered for. Longer warranties from car manufacturers might sound good on paper but you have to make sure you’re getting the right deal.
“At Click4Warranty we provide the very best insurance cover for cars, with the greatest amount of cover at the lowest prices. We pride ourselves on transparency and honesty, so you know exactly what you’re getting with us. We offer quality, flexible insurance products with great customer service, so we should be your first choice when it comes to car warranty.”
[ Click4Warranty|http://www.click4warranty.co.uk/ is a UK based firm and online provider focused on providing flexible insurance products to their consumers. As well as being FCA registered the company is also a member of the Financial Ombudsman service (FOS) and the Financial Services Compensation Scheme (FSCS).
This press release was distributed by ResponseSource Press Release Wire on behalf of Click4Warranty in the following categories: Motoring, Personal Finance, Travel, for more information visit https://pressreleasewire.responsesource.com/about.