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One reason why many buyers prefer to buy new rather than take advantage of the huge savings to be made in buying a used car, is that the new car is (usually) more reliable. If anything goes wrong it is repaired at no extra cost.
Such peace of mind, however, is also available with a used car if it is backed up by good car warranty. A 'good' motor warranty is important because there are many different types of, including: The latter being a little known gem.
Some of them provide very minimal cover, while others come with a list of conditions and exclusions in the smallprint that could render them worthless when you need to make a claim.
A motor warranty is basically an insurance policy that covers you for any likely repair costs if your car breaks down. It will cover all the major working components from engine to suspension, but usually excludes frictional items that are bound to be subject to wear and tear such as tyres, filters, brakes and exhausts.
Unlike motor insurance, a warranty is not a legal requirement for your car and the downside is that it will initially appear to increase your cost of ownership, particularly if you are aiming for budget-priced motoring with an inexpensive used car.
However, the right warranty need not cost the earth and in addition to buying that elusive 'peace of mind', it will also prove to be money well spent should your car let you down.
There are a number of types of warranty available depending on where you buy, and their quality and coverage can vary enormously. Check out our Guide to buying for some tips and also our Checklist to find out exactly what is and isn't covered, then let our Scorecard do the sums to help you decide if a warranty is worth it for you.
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