Last updated: 01/09/2021 | Estimated Reading Time: 4 minutes
Car repairs and spare parts can be hugely expensive if things start to go wrong with your car. One of the ways that you can protect yourself from these costs is by signing up to an external warranty company. These companies cover the costs of any repairs or malfunctions that your vehicle may suffer.
If you've just purchased a new vehicle, then the idea of repairs will be far from your mind. However, the problem is that you never know what's going to happen in the future when it comes to the running of your car. Some people are lucky and find themselves with a car that lasts for months or even years without ever experiencing any mechanical failures. On the other hand, some people are unlucky and find themselves with a car that ends up running into trouble within seemingly no time at all.
In this guide:
How does a car warranty work?
A car warranty will provide you with cover for any mechanical or electrical faults that your car may develop. This includes the cost of labour and any spare parts that may be required to get the car working again. This means that you don't have to live in fear of your car unexpectedly breaking down and resulting in you spending a lot of money yourself.
Of course car warranties aren't free but the peace of mind they can offer you is often worth the fees that you pay. Instead of having to deal with the stress of trying to fix your car as quickly as possible and at a huge personal cost, you can rely on your warranty to take care of everything for you. Some warranties even come with a courtesy car service that allow you to be delivered a courtesy car while your own vehicle is being fixed. This means that if you rely on your car for work or to pick up your children from school, you won't have to worry about your schedule being disrupted whilst your car is repaired.
How can a car warranty be helpful?
One of the main reasons that people purchase new cars is the warranty offered by the manufacturer. Whilst this is clearly an incredibly reassuring thing to have, you don't need to limit yourself to a new car in order to obtain a warranty. There are many stand-alone providers who specialise in providing warranties on used cars. This means that you can still sleep easy knowing that you're car is covered in the case of a breakdown but you can avoid paying the hugely inflated price of a new car.
How else can you save money on cars?
One of the main costs of running a car is your insurance, this is compulsory and needs to be renewed every year. The average cost of insurance is £470 per year - this is more than the highest road tax band. The best way to make sure that you're not paying too much for your insurance is by comparing the deals on the market. Trying to do this by yourself can be a very long task that involves a lot of time and effort. Here at our website we offer a free and impartial price comparison service. This service will show you all the rates that are currently being offered and the search results will be tailored specifically to you and your car. It takes about five minutes and could be save you hundreds of pounds every year.