The difference between Manufacturer Warranty and an Extended Car Warranty

Depending on the age of your car, owning a vehicle can come with a few aches and pains, especially if you’re not covered – costing you a fortune when things go wrong. Your vehicle needs a car warranty in these kinds of moments, and it goes without saying that eventually, wear-and-tear creeps up too. Is taking out another plan really worth the extra bucks? You’ve probably heard of an Extended Car Warranty cover.

Understanding Extended Car Warranty and Manufacturer Warranty in South Africa

It can be confusing if you’re not sure what motor plan you want to invest in, especially if you’re a first-time buyer. You’ll need to consider things like your budget, repair and replacement costs, and what your vehicle needs.  It’s important to weigh out the pros and cons, especially if you’re deciding on whether or not to purchase an Extended Warranty for your car.

What is a manufacturer Warranty?

Manufacturer warranties usually cover defects in  materials and components of a new vehicle. These are often included as part of a new vehicle’s purchase price. The upside to this type of car warranty is that you’re guaranteed genuine parts, and repairs are performed by professional technicians. Additionally, you can choose to have your car serviced and repaired at any registered dealership nationwide.

What’s an Extended Warranty?

An Extended Warranty is a type of cover that offers an additional 2-year protection against mechanical and electrical failures once the original manufacturer warranty expires. This type of warranty is usually offered by a third-party provider and will cover the cost of repairs for a certain period of time. Extended Warranties can also be purchased before or after the original manufacturer’s warranty expires.

Factors to consider

• Be aware of any limitations on repair locations in the contract. For example, some car warranty policies may exclude wear-and-tear items or pre-existing conditions.
• You should check whether the warranty policy requires any co-payments.
• Choose from various coverage options, ranging from comprehensive plans that cover a wide array of components to basic plans with limited coverage. While a comprehensive plan might be more pricey, it provides a greater sense of security. On the other hand, a basic plan may not offer enough coverage to provide significant cost benefits when you need to make a claim.
• An Extended Warranty for an older car with high mileage tends to be more costly. There is a higher likelihood that these cars will require repair.

Stay covered with an Extended Car Warranty

Apart from having that financial assistance when you need it most, there are other perks to  enjoy when you purchase an Extended Car Warranty through MotorHappy. With fixed, monthly fees, you won’t have to worry about major costs that would have otherwise occurred without extended coverage.  Therefore, investing in an Extended Warranty is a great way to stay financially secure while ensuring your vehicle stays in optimal condition.

Learn more about Extended Car Warranties, Benefits & What They Cover