Used car warranty

rca779

Buying a second hand car this week, Jaguar XFS from 2017 and want to buy a warranty for the first year of ownership. A popular search engine threw up these results



All seem competitive, but my question is does anyone have any experience, good or bad from any of these companies before I select one?

I do appreciate that often these warranties are not worth the paper they are written on, but I'm still going to go ahead and buy one.

Ayr_Rage

Buy a Toyota and not a JLR money pit.

rca779

Thanks for that tip, but I'm not changing car. It is JUST the warranty companies I am interested in hearing about

Mark_d

I wouldn't buy one of these warranties because there are just so many exclusions.  If I wanted to buy a not-too-old executive car then I would buy an approved used car from a franchise dealer.  These tend to come with comprehensive warranties.

Martin_the_Unjust

If someone is offering a warranty for a 8 year old jag for less than £400 how do you think they are going to make any money?

The correct answer is they make their money by not paying out.

Nobbie1967

I’d expect the manufacturers warranty to cost around £1k for a decent level of cover. None of these will give any meaningful cover and will send you round the houses when you try to claim. Even if they accept a claim, the chances are they will limit the hourly rate they will pay for garage work to way below what any specialist will charge.

They are a false reassurance.

born_again

rca779 said:

Buying a second hand car this week, Jaguar XFS from 2017 and want to buy a warranty for the first year of ownership. A popular search engine threw up these results



All seem competitive, but my question is does anyone have any experience, good or bad from any of these companies before I select one?

I do appreciate that often these warranties are not worth the paper they are written on, but I'm still going to go ahead and buy one.

All I suggest is set up a spread sheet, & list all the exclusions in each policy & see which one you fancy.

End of the day, as someone one else said. At them prices they are not making a profit.

Given this is MSE, the advice would be to save the amount each month instead.

paul_c123

One suggestion is to go for an X250 instead of the X260 (ie, up to 2015 - I think the facelift model with the thinner headlights from 2011 looks better too). As well as not having the Ingenium engine (for the lower powered diesel versions), it would be a bit cheaper meaning you could hold back some money for servicing, any issues that crop up.

Bigwheels1111

I have extended my Peugeot direct warranty from year 3 to 9.
Great coverage, but a pain in the rear to claim.
Dealers do not want warranty work, quote you 6 weeks or more just to look.
My last claim was a front seat sensor and seat belt harness thing.
Took 6 months from start to finish.
3rd party warranties are not worth the paper they are written on.

Mildly_Miffed

Martin_the_Unjust said:

If someone is offering a warranty for a 8 year old jag for less than £400 how do you think they are going to make any money?

The correct answer is they make their money by not paying out.

THIS, with bells on.

Think about it for a minute.

The insurer are selling this policy (for that is what it is) in order to be profitable, not out of any philanthropic goodwill.
That profit comes what's left of the money they take in (your premium) after all the money they pay out (tax, sales and marketing costs, staff costs, office costs... claims...)

You are betting that the car is going to be far less reliable than they expect, in ways that they haven't thought of and excluded from payment... It's only going to take a relatively trivial single bill to put them upside-down on the premium alone, even before all their other costs - which should tell you all you need to know about the likelihood of them paying out for anything.

Seriously, put the £400 in a savings account or even the tea caddy - that way, it's far more likely to be of use to you in running the Jag.

Grey_Critic

Note; External Oil leaks are not covered - or at least they were not in one case I was involved with. The owner took them to court and won

He simply asked them to explain where the oil came from. Well ermm it came from inside the engine