Is your car’s warranty near the end of its term, but you don’t want to – or can’t – replace the vehicle? Budget Insurance’s Extended Vehicle Warranty allows owners to get up to 2 more years of unlimited cover on most mechanical and electrical components.
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If you bought your current vehicle as a new, demo or slightly used example, you may have benefited from the car’s comprehensive manufacturer warranty, under which normal mechanical faults or failures will be repaired at no cost (to you) by a franchised dealer’s workshop. However, the validity of a car warranty is limited by the vehicle’s age (years, usually 3 or 5) and mileage (such as 100 000 km, for example).
Many buyers regard the expiry (or imminent expiry) of their vehicles’ warranties as a cue to replace their cars with newer ones, but that’s not always an option. An owner may choose to set funds aside to pay for future repairs to their vehicle after its warranty has ended, but it’s also possible to extend the peace of mind offered by a warranty by buying insurance cover against unexpected – potentially costly – repairs.
In other words, an extended vehicle warranty can be purchased to cover the cost of repairs/maintenance for an extended period after a car’s manufacturer warranty has ended. It’s especially useful if you expect a lot of wear and tear on your vehicle, travel long distances, or often traverse badly surfaced roads…
An extended vehicle warranty that comes into effect as soon as your car is out of its original warranty presents the most seamless way to have insurance cover (against the cost of repairing major mechanical and electrical components) in place as soon as you need it, but there are various options available for older vehicles that cover the repair or replacement of particular components up to a certain Rand value.
If your vehicle’s mileage is less than 250 000 km (recorded on its odometer) from the date that it was first registered, Budget Insurance’s Pre-owned Vehicle Warranty, for example, can cover 32 major components until the vehicle is 20 years old or has 400 000 km on the clock, whichever comes first.
Types of mechanical repairs covered by an extended warranty
The specific types of mechanical repairs covered by your extended car warranty will depend on the terms and conditions of the policy. However, an extended warranty typically covers engine components, transmission, suspension and electrical systems repairs, such as:
- Fuel system repairs. This could include the fuel injectors, fuel pump and components
- Cooling system. This can include the radiator and water pump.
- Electrical systems, like the battery or starter
- Brake systems, like the brake pads and callipers
- Suspension, including the shocks
- Transmission repairs, like the transmission gears, clutch and torque converter
- Engine repairs, like the engine block cylinder, pistons and other internal components
4 Reasons to take out an extended warranty for your car
Overall, an extended car warranty can provide peace of mind against unexpected repairs-related costs. However, some great reasons to consider investing in this policy are:
1. Cover expensive repair costs. As your car gets older, the likelihood of mechanical failure increases. The extended car warranty can help cover the cost of these repairs.
2. Budgeting for repairs. An extended warranty can help you budget for repairs with a fixed monthly or annual cost.
3. High-kilometre vehicles. If your car has a high kilometre, the extended warranty can help with the cost of wear and tear.
4. Cost-effective. It’s the smart way to protect both your vehicle and finances.
How to qualify for an Extended Vehicle Warranty
Through Budget Insurance’s Extended Vehicle Warranty, you can enjoy up to 2 more years of unlimited cover on most mechanical and electrical components. To qualify, your car should have no more than 120 000 km on the clock (its odometer’s mileage reading), and the manufacturer’s warranty must still be in effect. If it’s already expired, you’ll need to look at taking out a Pre-owned Vehicle Warranty instead.
If you time it just right, you can get an extended warranty with Budget Insurance. Call Budget Insurance on 0861 00 19 17 to get an Extended Vehicle Warranty in place so your car never misses a day of cover.
The extended-warranty options offered by Budget Insurance
Budget Insurance‘s Better-Extend 1, -2, -3, and -4 cover (whichever suits you) extends a manufacturer’s existing warranty and allows you to enjoy nearly the same level of cover you’ve had up until now.
The company offer 4 tiers of cover depending on your car’s engine size. Each option offers the same level of unlimited cover for most components, except for your car’s engine, which starts at R50 000 and goes up to R100 000 in cover. You can find out which components Better-Extend Warranties cover here.
Get in touch with Budget Insurance today
Applying for an Extended Vehicle Warranty is a wise choice (if you can afford it). Apply for a quote online for an Extended Vehicle Warranty or Pre-owned Vehicle Warranty from Budget Insurance to give yourself peace and mind and financial protection from unexpected costs; it may save you money in the long run.
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