Used car warranty

david29dpo

`Best advice? dont buy the Jag, you will be broke in 12 months.
If you insist, the above warranties are worthless, buy a approved used from a Jag dealer.

forgotmyname

Grey_Critic said:

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 

Buying a car many years back and they tried to sell me a warranty, it said oil leaks were only covered if the entire engine
needed to be removed. I just thought many seals could be done with the engine still fitted but the whole engine would
need to come apart which technically could be done in the engine bay but garages would want to remove it.

I declined their warranty.

sheramber

When we bought our last car , a 4 year old, the dealer provided a third party warranty.

one month later the weather turned warm and we discovered the air con was blowing warm air. 

As the dealer was 100 miles away- we lived brutally with no local dealers - we put it into our local repair garage who tried to regal it.
 They discovered the pump had failed. 

Warranty company declined to cover as they only covered ‘catastrophic failure’. Is failing completely not catastrophic failure? 

Contacted the dealer who immediately said bring the car to us. We will repair it free of charge and argue it out with the warranty company. We are  used to doing it and winning. 

Bigphil1474

OP, I looked into a motor easy lite policy a couple of years ago and from what I remember, it's a poor policy. I was looking to replace a manufacturers warranty. The lite policy basically only covered failures that happen to your car away from home and you need your own recovery policy as well. I was wanting something that means if I get up in the morning and the car is dead, I'll be covered.

I do have a Peugeot warranty although I'll probably ditch it this year. As I get my car serviced and MOT'd at a Peugeot dealers, when I have had to claim on the warranty it has been a doddle - also has MOT cover which has been worth it. Overall, it has cost more than it paid out, so I'll probably self cover from later this year.

jimjames

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.

Alternatively they could make money by over egging the unreliability of second hand cars so the claims are less than the premiums paid because they don't go wrong. On the other hand this is a JLR vehicle...

Goudy

Having owned a Jag or two I would advise saving your money and finding a reputable independent Jaguar specialist.  

Herzlos

Mildly_Miffed said:

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.

You'll be hard pressed to find a warranty claim that doesn't put them upside down. Assuming their overheads are zero, £400 will barely cover the cost of replacing even cheap parts. 

They only make money on the policy if they never pay out. That'll either be because they are confident the vehicle is reliable (no) or they are confident that whatever goes wrong isn't covered. 

Stateofart

Only main dealer warranties are worth the money.  The JLR one was £699 for three years, including AA if you bought a used approved.  My Ford used approved was about the same.  Afterwards though, it was pushing £2000 a year.

saker75

I looked into warranties in detail a couple of months ago - Warrantywise and Easymotoring in particular but decided against given the sheer number of exclusions and complexity of offer. Reviews consistently mixed. I asked ChatGPT to do a deep dive into all available reviews too and that was very telling. It’s a waste of money. Yes, some people get some claims paid but the odds are significantly against it. 

In the past I’ve had the AA parts and labour cover - £500 contributions towards repairs - and that was useful on an older car when it broke down. 

As for the jag - I adored my jag and it was very reliable. I may have been lucky but goodness, what a car. My parents drive it now (I had to get a ULEZ compliant vehicle).