Dealer required by FSA to offer extended warranty?

ormonde

My neighbour is thinking of buying a used car and asked me to look over the deal she has been offered.
The deal includes an extended 3 year warranty at a cost of over £900! The dealer has said that they are required by the FSA to offer an extended warranty. Is this true? When I questioned it's inclusion he said the buyer was not required to take it.

macgyver

Depends on the car but it does sound a lot of money for the warranty. I do not think there is anything like mandatory!!!
If he/she is interested in buying an extended warranty, search online and they will have an idea about the price.

HTH

vikingaero

Dealers always use the FSA excuse for thrusting useless crud on punters. They claim that the FSA make them offer you GAP insurance, warranties, car insurance and paint protection. In reality they must fact find if they sell you an insurance based product but that is different to being forced to offer it by the FSA.

Gloomendoom

£900 doesn't sound too bad. I've been quoted over £1500!

forgotmyname

£900 for some hamster bedding or confetti. Nice.

Hoof_Hearted

A lot of these warranties have vast numbers of exclusions. Ask them if it covers the clutch.

System

Hoof_Hearted wrote: »

A lot of these warranties have vast numbers of exclusions. Ask them if it covers the clutch.

A clutch is normally classed as a consumable item since it wears out during normal use.

So, most car warranties will only cover the clutch if it fails due to manufacturing defects, not due to normal wear & tear.

If the warranty offered by the dealer is a car manufacturers warranty, then those are worth paying a little extra for, but if it is an insurance based warranty, then search online for comparative quotes before buying from the dealer.

And check what is and is not covered, these warranties vary considerably, so make sure you are comparing similar cover levels.

harveybobbles

To sell a warranty you have to be FSA regulated is what they mean.

Hoof_Hearted

BAA1 wrote: »

A clutch is normally classed as a consumable item since it wears out during normal use.

So, most car warranties will only cover the clutch if it fails due to manufacturing defects, not due to normal wear & tear.

Exactly my point. The warranty only covers things that are very unlikely to break. In decades of driving, I have never had a clutch go (no I don't drive an automatic), so I doubt a cluch would go in the first five years of normal wear and tear.

Credit_Crunched_2

ormonde wrote: »

The dealer has said that they are required by the FSA to offer an extended warranty. Is this true? When I questioned it's inclusion he said the buyer was not required to take it.

The dealer would have gone through a demands and needs questionnaire with the customer.. The likely question would be something like " do you have any insurance policies in place to cover a mechanical breakdown after your existing warranty expires?" if your friend answered no, they would be obliged to offer an extended warranty by the FSA regulations. But as you have already clearly stated, you are not required to take it. It is down to your friend to consider whether it is worth taking out!