car warranty confussion

iammumtoone

The manufacturers warranty runs out on my car (Nissan) soon and I am looking for warranty cover.

I am confused at the options
Nissan offer an extended warranty up to three extra years but the whole amount has to be paid up front - £257 one year, £587 two, £857 for three years
They also offer a warranty that can be paid yearly up to seven years, this is cheaper than one year of the extended one. - £229 per year

I don’t understand why the second option is cheaper? Nissan couldn't really answer the question either.

Is it best to buy through Nissan (if so which option) or try some other independent places?

Before anyone asks I wasn't going to bother with warranty but a colleague has just had a five year old car done less than 50K miles needing 5K worth of work .:eek:I can't take that risk, I just couldn't afford that, I haven't even finished paying for the car yet.

Is it best to buy through Nissian (if so which option) or try some other independant places?

Thanks

wgl2014

If you're going to bother with an extended warranty then Nissan's own is the way to go.
An alternative is to put some money away each month to pay for any unexpected repairs.
Get the policy docs for both policies you're looking at and see how they compare.

iammumtoone

wgl2014 wrote: »

If you're going to bother with an extended warranty then Nissan's own is the way to go.
An alternative is to put some money away each month to pay for any unexpected repairs.
Get the policy docs for both policies you're looking at and see how they compare.

They are were both via Nissan which is why I am confused at the big price difference. The first I have to take out before the current cover expires the second can be taken out any time.

Good suggestion I will ask for the policy documents to see if I can work out the difference.

I couldn't put enough away to cover an unexpected bill for £5,000, I appreciate it must be unusual but its happened to someone I know and thats scared me. When my car is five years old it still won't be paid for so I am not willing to take that risk. I at least want warranty cover until after I have paid for it.

bigadaj

iammumtoone wrote: »

They are were both via Nissan which is why I am confused at the big price difference. The first I have to take out before the current cover expires the second can be taken out any time.

Good suggestion I will ask for the policy documents to see if I can work out the difference.

I couldn't put enough away to cover an unexpected bill for £5,000, I appreciate it must be unusual but its happened to someone I know and thats scared me. When my car is five years old it still won't be paid for so I am not willing to take that risk. I at least want warranty cover until after I have paid for it.

But there's a fair chance that a big bill could be down to wear and tear and so won't be covered by a warranty, and some elements are specially excluded.

It's often better to self insure and budget for what can reasonably be expected.

Iceweasel

bigadaj wrote: »

But there's a fair chance that a big bill could be down to wear and tear and so won't be covered by a warranty, and some elements are specially excluded.

It's often better to self insure and budget for what can reasonably be expected.

I don't know about Nissan, but some manufacturers extended warranties DO cover wear and tear.

BMW for example cover wear and tear up to 100K miles if you have the comprehensive extended warranty.

System

Iceweasel wrote: »

BMW for example cover wear and tear up to 100K miles if you have the comprehensive extended warranty.

No they don't. Below is a list of exclusions from their webpage.
https://www.bmw-warranty.co.uk/Comprehensive#/_ComprehensiveDetails
You'll notice pretty much everything on that exclusion list suffers from wear and tear including the clutch, brakes and auxiliary drive belts.

All exhaust components (except catalytic converter)
All service items which will require periodic replacement
Any item that has worn out which has covered more than 100,000 miles
Auxiliary drive belts
Batteries - including BMW i3 and BMW i8 high voltage and auxiliary batteries
Brake and clutch facings
Bulbs and fuses
Channels and guides
Cleaning or adjustment of any component/carbon/soot buildup
Coolant and fuel hoses
Discs and drums
Glass
Handles, hinges and check straps
Trim, upholstery and cosmetic finishes
Wheels and tyres
Wiper blades and arms
Weather strips and seals

Basically it excludes everything that is likely to go wrong on a car up to 100,000 miles that isn't the engine, gearbox or rear axle. Pretty much everything not on that exclusion list is almost guaranteed to be able to reach 100,000 miles on a regularly serviced vehicle and you would have to be extremely unlucky for them to fail. In short if you get that warranty they've had your pants down.

facade

As I posted on another thread a while ago- I can't see any reason why all manufacturers don't offer a 10 year (at least) "warranty" as a matter of course, except that some of them know full well that the cheap low quality parts used, and their poor engineering means that components will fail rather than wear out.

vansboy

As mentioned, if you are going to buy a warranty, then your Nissan one would be best option.

If you are looking to keep the car for a few more years, then main dealer servicing, in conjunction with their own brand warranty, plus some 'goodwill', should you have a problem, will lessen the contribution they may ask from you.

Also it'd be worth looking on https://www.honestjohn.co.uk and checking out what problems your model has, potentially.

VB