Different Types of Car Warranties

Choose the right type of warranty for you.

When it comes to buying a car, there are numerous things you should have in place to make sure you’re able to finally take it for a spin on the roads. These being insurance, tax and potentially warranty.

Here at CarCliq, we discuss what a car warranty is and what different types of car warranties there is available for you to choose from.
What is a car warranty? A warranty is a written guarantee issued by a seller (in this case, this could be a dealer or car manufacturing company), as a promise to repair or replace a faulty part as long as it is within a specified period. So, for cars, this could be anything from any key mechanical parts or electrical components that have become faulty.

As a point of care, you must be aware that certain elements of a car will not be covered by any standard warranty. These are made up of parts that can be worn through driver style and not standard wear and tear – for example, tyres, brake pads and discs. It's always best to read the documentation carefully to understand what is covered.
What is the benefit of having a car warranty? You can drive around care-free! As this will stop you from receiving unexpected repair costs, therefore giving you peace of mind.

Different types of car warranties:
  • Manufacturer’s warranty
  • Extended warranty
  • Used car warranty
Manufacturer’s warranty is when car manufacturers offer a warranty alongside the car you’re thinking of buying, however, they do vary depending on the company you go for. Although, it’s most commonly known for most car brands to offer up to three years or 60,000 miles – whichever comes first.

The best ones that are currently on the market are Hyundai who offer a five-year/unlimited mileage on every new car it sells and Kia who provide a seven-year/100,000-mile warranty. However, the all-new Ssangyong Musso will be offering just that bit more with still a seven-year warranty, but an extra 50,000 miles on top of Kia’s warranty. So, you’re definitely spoilt for choice.
An extended warranty can also be known as a service agreement, a service contract or a maintenance agreement which is a prolonged warranty offered to customers who have currently got a standard warranty on the car.

This can be offered via a warranty administrator or the car manufacturer, with the purpose to offset repair costs after the purchase of either a new or used car and are sold as a separate contract (therefore, the cost is not included with the purchase price like a standard warranty.

Used car warranty depending on the garage you buy your used car from, sometimes a car warranty is included as part of the deal. This can usually last for three, six or twelve months, depending on the age of the car.

Many policies sold by independent dealers will be sourced from a third-party company, therefore it is important that you read through the policy and check what will and won’t be covered – then get this confirmed.

We hope you now know the different types of car warranties available to you when buying either a new or used car.

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If you’re interested in buying car warranty, get a quote today from Warrantywise.

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