Used Car Warranties – Are They Really Worth the Hype?

articles

At Lawgistics, we’re putting the industry’s giants under the microscope to unearth the truth. It’s time to find out which aftermarket warranty is not just good, but the best in the game.

Read our disclaimer keyboard_arrow_down

This website content is intended as a general guide to law as it applies to the motor trade. Lawgistics has taken every effort to ensure that the contents are as accurate and up to date as at the date of first publication.

The laws and opinions expressed within this website may be varied as the law develops. As such we cannot accept liability for or the consequence of, any change of law, or official guidelines since publication or any misuse of the information provided.

The opinions in this website are based upon the experience of the authors and it must be recognised that only the courts and recognised tribunals can interpret the law with authority.

Examples given within the website are based on the experience of the authors and centre upon issues that commonly give rise to disputes. Each situation in practice will be different and may comprise several points commented upon.

If you have any doubt about the correct legal position you should seek further legal advice from Lawgistics or a suitably qualified solicitor. We cannot accept liability for your failure to take professional advice where it should reasonably be sought by a prudent person.

All characters are fictitious and should not be taken as referring to any person living or dead.

Use of this website shall be considered acceptance of the terms of the disclaimer presented above.

Warranties in the used car sector are gaining traction, hailed as the peace-of-mind solution for buyers wary of potential post-purchase pitfalls. But let’s delve into the real value of these used car warranties.

Since the Consumer Rights Act stepped into the spotlight in 2015, it’s redefined consumer safety nets, offering a spectrum of remedies from full refunds to repairs, partial refunds, or price reductions. Enter aftermarket warranties: the promise to tackle any gremlins that pop up after you’ve driven off the lot, though often constrained by mileage, age, and capped claims.

Here’s the million-dollar question: Do these aftermarket warranties actually leap beyond the basic consumer rights, or are they just a safety blanket with too many holes? At Lawgistics, we’re putting the industry’s giants under the microscope to unearth the truth. It’s time to find out which aftermarket warranty is not just good, but the best in the game.

RAC Maintenance and Repair Plans

These plans offer extensive coverage, but how do they fare against the Consumer Rights Act 2015? We explore their limitations, like vehicle age and mileage restrictions, and the extensive list of “excluded parts” that could be crucial under the Act.

Key point: Consumers may face upfront costs for diagnosing faults, only reimbursed if covered under the plan. Plus, we examine the plan’s approach to repair times and courtesy vehicles, crucial aspects under the Act.

For a deeper dive into whether the Platinum Plus Plan truly offers value for the second-hand car buyer, check out our full review:

Warrantywise Car Warranty

Warrantywise stands out in the warranty market with plans based on vehicle age and mileage, ranging from 04/40 to 12/120. But how does it compare to the Consumer Rights Act 2015?

Our review focuses on the significant exclusions in Warrantywise’s terms, particularly the clause about parts with known manufacturing faults. This raises a crucial question: Does Warrantywise cover what matters most in a used vehicle?

We also contrast the expansive coverage of the 04/40 plan with the more limited 12/120 plan. Discover whether Warrantywise truly provides the peace of mind needed for second-hand car buyers or if it falls short in key areas, especially compared to the Consumer Rights Act.

Octane FinanceFuel Your Finance

Octane Finance is the broker of choice for new and used car dealers nationwide. With our uncompromising service levels and our genuine and professional approach, you and your customers can trust us to deliver.

Delve into our full analysis for a comprehensive understanding:

Autoguard’s AutoGold Warranty

Autoguard’s AutoGold is branded as the ultimate warranty for used cars, covering diverse systems like in-car entertainment and climate control. However, it’s crucial to note: it only addresses failures from mechanical breakdowns, not covering issues like external fluid leaks.

Our review compares this coverage with the Consumer Rights Act 2015, uncovering gaps where AutoGold might fall short. For instance, AutoGold’s stance on oil or water leaks contrasts with the Act’s provisions for such issues. Additionally, the plan’s exclusions on bodywork and other components highlight where consumer rights under the Act could provide more robust protection.

Discover how AutoGold measures up in our full review:

WarrantyFirst Car Warranty Policies

Our examination of WarrantyFirst’s aftermarket warranties reveals a focus on claims and repair processes, requiring repairs by VAT-registered garages and aligning with the Consumer Rights Act 2015 on replacement parts, avoiding unnecessary upgrades.

The policy caps repair costs to the vehicle’s market value and adheres to a one-repair rule before consumers can seek vehicle rejection.

Despite reinforcing statutory rights, WarrantyFirst introduces specific limitations, which may narrow coverage compared to the broader protections of the CRA 2015.

Joel CombesManaging DirectorRead More by this author

Related Legal Updates

Lawgistics review WarrantyFirst Car Warranty Policies

We continue our journey reviewing aftermarket warranties and our next stop, WarrantyFirst.

2024: The Year of Smarter Warranties in the Motor Trade

Unlocking 2024’s Potential: Discover how our revolutionary warranty management system can transform your business profits and efficiency!

Assist your consumer… before it’s too late

If a consumer is ignored or refused assistance by you, and a repair is carried out, you will no longer be able to inspect the failed component.

Lawgsitics review Autoguard Warranties

How far above and beyond consumer rights do aftermarket warranties go?

What? You want me to pay after nearly 6 years?

After 5 years, 8 months, and 41,000 miles, there was a problem with the vehicle, and it ultimately required a new engine costing £4,600.

Consequential Losses

General stress and anxiety is not recoverable, otherwise everybody would claim it, similarly the time spent in dealing with a claim is generally not recoverable.

Lawgistics review Warrantywise Car Warranty

How far above and beyond consumer rights do aftermarket warranties go?

Get in touch

Complete the form to get in touch or via our details below:

Phone
01480 455500
Address

Vinpenta House
High Causeway
Whittlesey
Peterborough
PE7 1AE

By submitting this quote you agree to our Terms & Conditions and Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.