MotorEasy and other warranties.

ThisIsWeird

Hi.

Was prompted to check out warranties by Moneysupermarket, and - of course - some are now chasing me to tie up a deal...

Just had phonecall from MotorEasy, and I have to say, it doesn't sound bad.

My car is a 2015 C4 Picasso with 55k miles, as it getting to an age where I can almost expect things to go wrong - our previous C3 Pic had its power steering fail at only 40k (known fault - Citroen covered it), and the ECU went bonkers too, and that was £700!

MoterEasy tell me even 'wear and tear' is covered - an item doesn't have to spontaneously go 'bang', so even worn out suspension and clutch would be covered.

For £50 pm. Sounds like pretty much trouble-free motoring for a year or so until I sell the baby.

Any experience from folk on here?

Thanks! :-)

born_again

Check the exclusions....

What’s not covered with a Plan B Car Warranty?

Here’s a list of what’s not covered under a MotorEasy Plan B Car Warranty:●      Airbag electrics (external to airbags)●      Auxiliary drive belts●      Batteries●      Bodywork●      Brake friction materials●      Catalytic converters●      Connectors, wiring, fuses and heating elements●      Diesel particulate filter●      Electrical components integral with windows●      Emission system components●      Exhaust pipes●      Fluids and consumables●      Hoses & pipes●      In-car entertainment & sat-nav equipment which are not part of the dashboard unit●      Interior & exterior trims●      Lamps●      Light bulbs●      Paintwork●      Seats●      Some oil seals and gaskets●      Spark plugs●      Upholstery●      Upgraded or revised software & firmware●      Windows & windscreens●      Wheels & tyres

Do I need to service my car with a Plan B Car Warranty?

In order to keep your MotorEasy warranty valid, you’ll need to MOT and service as per the guidance vehicle’s manual.
So has it been serviced as per maunfacture so far?

ThisIsWeird

Thanks. Yes, these exclusions are fair enough.

Full service history.

basill

I enquired about one of these warranties for a DSG Skoda, Im pretty sure the gearbox being full of clutches would have excluded it.   Anyway I didnt proceed and after a few days had a call from them. Too expensive I said,  OK how about 50% discount they said...    Says to me its overpriced to start with.  I didnt go ahead

forgotmyname

basill said:

I enquired about one of these warranties for a DSG Skoda, Im pretty sure the gearbox being full of clutches would have excluded it.   Anyway I didnt proceed and after a few days had a call from them. Too expensive I said,  OK how about 50% discount they said...    Says to me its overpriced to start with.  I didnt go ahead

I would have responded with something similar.  Offered a half price deal, I would have had to ask why they were trying to fleece me for
double that amount originally.

BlueHarbourBouy

These warranties are thought by many  to be a waste of money. Most say the companies decline any claims, using the Fair Ware and Tear get out clause. Just an opportunity for car dealers to increase profits !!

ThisIsWeird

Well...I've gone for it. £50 rolling monthly.

Now praying for summat to go wrong with the car...

Kidding.

At ~9 years old and 55k miles, I anticipate suspension and steering parts to be getting close to eol, and they were adamant that they'd cover such stuff. (Actually I replaced the rear springs a year ago when one was found broken at MOT time).

Anyhoo, we'll see.

Mildly_Miffed

Any third-party used car warranty is simply a bet that your car is going to be far less reliable than the warranty provider expect.

Remember, they don't sell these as a public service. They do so to make a profit.

A profit from what you pay in, after they've paid out their sales costs, marketing costs, admin costs, staff costs, office costs, postage costs, tax... and claims.

A 9yo car is going to see virtually everything unclaimable on the grounds of wear and tear (and they're simply lying to you if they say it is covered), let alone the stuff that's outside the headline areas.
Full warranty doc: https://www.motoreasy.com/files/documents/17733-ME_Warranty_Full_PlanB_PolicyDoc.pdf

"Age contribution means the amount that you need to pay towards each replacement component when the vehicle exceeds 6 years of age or has covered more than 60,000 miles."

"You may have to pay towards improving the condition of the vehicle, depending on age or mileage at the time of breakdown (see section “general conditions” Improving the condition of the vehicle (condition 5)). Y"

"5. Improving the condition of the vehicle This condition, detailed below, will apply unless the “Component Contribution Removal” add-on is confirmed on your customer schedule. If we pay for repairs to your vehicle, it is not our aim to put you in a better position than before the repairs were made. In certain circumstances where replacement components are fitted to replace those suffering a breakdown, and this results in your vehicle being in a better condition than it was before the failure, you must pay towards the cost of the components and labour. For vehicles older than 6 years or with more than 60,000 recorded miles, the following table shows the percentage component cost we will pay, depending on the vehicle’s age or mileage at the time of the breakdown. The mileage limits shown here are the total miles from the date the vehicle was first registered.
Vehicle age or Mileage Component Contribution
Up to 6 years or 60,000 miles 100%
Up to 7 years or 70,000 miles 80%
Up to 8 years or 80,000 miles 70%
Up to 9 years or 90,000 miles 60%
Over 9 years or 90,000 miles 50%"

born_again

ThisIsWeird said:

Well...I've gone for it. £50 rolling monthly.

Now praying for summat to go wrong with the car...

Kidding.

At ~9 years old and 55k miles, I anticipate suspension and steering parts to be getting close to eol, and they were adamant that they'd cover such stuff. (Actually I replaced the rear springs a year ago when one was found broken at MOT time).

Anyhoo, we'll see.

Far better to put £50 a month in a hight interest account.
Should you need the funds for repairs they are there. If no repairs then you have a nice nest egg for next car.

But you choice 👍

ThisIsWeird

Mildly_Miffed said:

Any third-party used car warranty is simply a bet that your car is going to be far less reliable than the warranty provider expect.

Remember, they don't sell these as a public service. They do so to make a profit.

A profit from what you pay in, after they've paid out their sales costs, marketing costs, admin costs, staff costs, office costs, postage costs, tax... and claims.

A 9yo car is going to see virtually everything unclaimable on the grounds of wear and tear (and they're simply lying to you if they say it is covered), let alone the stuff that's outside the headline areas.
Full warranty doc: https://www.motoreasy.com/files/documents/17733-ME_Warranty_Full_PlanB_PolicyDoc.pdf

"Age contribution means the amount that you need to pay towards each replacement component when the vehicle exceeds 6 years of age or has covered more than 60,000 miles."

"You may have to pay towards improving the condition of the vehicle, depending on age or mileage at the time of breakdown (see section “general conditions” Improving the condition of the vehicle (condition 5)). Y"

"5. Improving the condition of the vehicle This condition, detailed below, will apply unless the “Component Contribution Removal” add-on is confirmed on your customer schedule. If we pay for repairs to your vehicle, it is not our aim to put you in a better position than before the repairs were made. In certain circumstances where replacement components are fitted to replace those suffering a breakdown, and this results in your vehicle being in a better condition than it was before the failure, you must pay towards the cost of the components and labour. For vehicles older than 6 years or with more than 60,000 recorded miles, the following table shows the percentage component cost we will pay, depending on the vehicle’s age or mileage at the time of the breakdown. The mileage limits shown here are the total miles from the date the vehicle was first registered.
Vehicle age or Mileage Component Contribution
Up to 6 years or 60,000 miles 100%
Up to 7 years or 70,000 miles 80%
Up to 8 years or 80,000 miles 70%
Up to 9 years or 90,000 miles 60%
Over 9 years or 90,000 miles 50%"

Have to say, I missed that :-)

Hmmm, such an obvious thing for the cove to have mentioned, but didn't. Even when I said things like, "That should see any potential repairs covered for the next year or so," his reply was simply, "Yes." And when I asked for confirmation that 'worn-out suspensions parts and suchlike would also be covered', it was a 'yes', with no caveats like the above.

Yes, I understand it's a gamble, as are all insurance policies to some degree. If summat were to go wrong, then the labour charge - often as much if not more - would be covered too.

I might continue it until MOT time, and if my car has another clean bill, then cancel :-)

Must read docs fully :-)

ThisIsWeird

When I logged in just now, I was presented with that info, for me to click and accept as part of the T&Cs.