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10 year guarantee - sign of things to come? - Bilboman

I've just seen an advert on TV here in Spain, which also appears on the website. A limited run of Fiat Tipo 1.4 "Street" models are up for grabs for €11,350 (obligatory 5 years of financing at over 10% APR adds another €4000 and you have to trade in some kind of working motor vehicle in return!) but the interesting detail is 10 years of roadside assistance and a warranty (2 years "Legal" and a further 8 years "Commercial" - whatever that means.)
Whatever the ins and outs, I can't recall ever seeing a 10 year guarantee on any car, ever. Is it just a sales gimmick? Could it be some kind of toe-in-the-water experiment, or is it the sign of things to come? If so, watch your back, Kia!

Edited by Bilboman on 09/09/2019 at 15:06

10 year guarantee - sign of things to come? - alan1302

I've just seen an advert on TV here in Spain, which also appears on the website. A limited run of Fiat Tipo 1.4 "Street" models are up for grabs for €11,350 (obligatory 5 years of financing at over 10% APR adds another €4000 and you have to trade in some kind of working motor vehicle in return!) but the interesting detail is 10 years of roadside assistance and a warranty (2 years "Legal" and a further 8 years "Commercial" - whatever that means.)
Whatever the ins and outs, I can't recall ever seeing a 10 year guarantee on any car, ever. Is it just a sales gimmick? Could it be some kind of toe-in-the-water experiment, or is it the sign of things to come? If so, watch your back, Kia!

Expect it is a sales gimmick especially if the car is a limited run to shift a good number of the cars. If the warranty is a decent one though could be a good purchase for someone.

10 year guarantee - sign of things to come? - SLO76
For a while Vauxhall were offering a lifetime guarantee. It wasn’t transferable, only the initial 3yr warranty was but if you were the first owner and kept it serviced at a Vauxhall dealer it was covered for your full ownership. They realised the error of their ways as claims soared (especially on Fiat diesel versions) and the offer was quietly binned.
10 year guarantee - sign of things to come? - John F

It probably ties you into an annual dealer service whether the car needs it or not, at a cost of probably a three figure sum each year. Might make financial sense for a mechanically incompetent taxi driver or high mileage sales rep but not for a pensioner treating themselves to a new retirement car.

10 year guarantee - sign of things to come? - madf

Transferable warranty or not.

If not, not worth anything secondhand.

10 year guarantee - sign of things to come? - Gibbo_Wirral
For a while Vauxhall were offering a lifetime guarantee.

Only for ten years or 100,000 miles, and had to be retained by the same owner.

Edited by Gibbo_Wirral on 10/09/2019 at 13:41

10 year guarantee - sign of things to come? - Engineer Andy

Not quite a lifetime warranty, but first car (and only other one), a 90s Nissan Micra, came with an 'MOT for life' certificate from Nissan (all second hand cars in the late 90s sold by them did, I believe, at least for a while), and was indeed transferable between dealerships and owners. Saved me £50 a year for 7 years.

Personally speaking, other than proper wear and tear/consumable items, all new cars should have at least a 5 years warranty, possibly 7 and soon I can easily see 10 being affordable, at least for some makes. The best domestic boiler manufacturers now offer such warranties, with the longer being offered if it's installed by an accredited installer (rather than just any old plumber) and is correctly maintained on schedule.

I don't why they can't for cars, especially now that corrosion seems to be far less of a problem. I suspect many don't because they've scrimped on the R&D, especially as regards the electrical/comms/AV/sensor systems and gadgets on their cars, and thus release new cars and tech onto the market too early to keep up with the Joneses, making us owners a bunch of beta testers, rather like we find ourselves with computer equipment, tablets and so-called 'smart' phones and related tech.

10 year guarantee - sign of things to come? - catsdad
The compulsory finance adds about a third to the cash price.... not a cheap deal. Presumably it will tie you to main dealer servicing too.

I am interested however in the idea that longer warranties might routinely be on offer in future from other manufacturers. This runs counter to BR usual received wisdom as to the longevity of complex modern cars. I am hanging onto my 7 year old Civic (with free MoTs and breakdown cover) and aim to keep it for another three years or so.

Am I wrong to think it will be well nigh impossible to replace it at that point with anything that will then last as long?
10 year guarantee - sign of things to come? - madf
The compulsory finance adds about a third to the cash price.... not a cheap deal. Presumably it will tie you to main dealer servicing too. I am interested however in the idea that longer warranties might routinely be on offer in future from other manufacturers. This runs counter to BR usual received wisdom as to the longevity of complex modern cars. I am hanging onto my 7 year old Civic (with free MoTs and breakdown cover) and aim to keep it for another three years or so. Am I wrong to think it will be well nigh impossible to replace it at that point with anything that will then last as long?

Yes

Any well designed well made car ## should last easily 15 years with routine maintenance and sone replacement parts.. Modern drivetrains should do in excess of 300k miles.. if well mainatined..

## these two criteria will rule ou almost all US cars, most EU designed cars...And certainly all modern Fords.

10 year guarantee - sign of things to come? - FoxyJukebox

Deffo a sales gimmick-probably a spanish car guarantee company trying it on?

However any car nowadays -well maintained-should last 10 years easily.

Its all about how long people actually keep/own the cars isn't it?...example-In the 60's and 70's folk changed every 2/3 years if they could afford to mainly because the cars had started falling apart by then.

10 year guarantee - sign of things to come? - Metropolis.
Hyundai USA appear to offer a 10 year 100,000 mile drivetrain warranty, if this is anything to go by. www.parkwayofwilmington.com/america-s-best-warrant...m
10 year guarantee - sign of things to come? - Zippy123
Hyundai USA appear to offer a 10 year 100,000 mile drivetrain warranty, if this is anything to go by. www.parkwayofwilmington.com/america-s-best-warrant...m

One has to wonder about "German reliability - if everything in life was as reliable as a Volkswagen" when Koreans offer over 2 x the warranty cover on their cars.

10 year guarantee - sign of things to come? - Will deBeast
One has to wonder about "German reliability - if everything in life was as reliable as a Volkswagen" ...

A masterpiece of marketing which a lot of people fell for. A real hit, as demonstrated by the face that people still remember it 30 years on!

10 year guarantee - sign of things to come? - pd

Any warranty which isn't transferable isn't very valuable as the vast majority of buyers do not keep a car 10 years or even 7. 3 or 4 or less is the norm these days. For used cars the average is about 2 years.

Cars tend to be designed around an approx 10 years life and the average age of scrapping is 13 years in the UK.

10 year guarantee - sign of things to come? - RT

Any warranty which isn't transferable isn't very valuable as the vast majority of buyers do not keep a car 10 years or even 7. 3 or 4 or less is the norm these days. For used cars the average is about 2 years.

Cars tend to be designed around an approx 10 years life and the average age of scrapping is 13 years in the UK.

Most cars are scrapped because they've become uneconomic to repair or maintain, not because they're worn out. As cars have become more reliable and long-lived, they've also become more complex so a single fault could cost more than the car's value.

10 year guarantee - sign of things to come? - pd

Any warranty which isn't transferable isn't very valuable as the vast majority of buyers do not keep a car 10 years or even 7. 3 or 4 or less is the norm these days. For used cars the average is about 2 years.

Cars tend to be designed around an approx 10 years life and the average age of scrapping is 13 years in the UK.

Most cars are scrapped because they've become uneconomic to repair or maintain, not because they're worn out. As cars have become more reliable and long-lived, they've also become more complex so a single fault could cost more than the car's value.

Technically you could keep any car going for ever if you wanted to and wanted to keep spending unlimited money. Cars are built down to a price though and not designed to last forever.

If something need repairing and it is expensive to replace then it is worn out. The motivation to keep spending big on a 15 year old car which may well have another expensive failure just isn't there. On top of that cars simply date and drivers want something newer and more modern and that's before we get to environmental issues which means in some parts of the country owners will be dumping older cars simply because it is not viable to own then where they live.

10 year guarantee - sign of things to come? - Andrew-T

<< If something need repairing and it is expensive to replace then it is worn out. >>

Technically, no. It is 'worn out' if it can no longer be made to work. Whether an owner chooses to pay for that is a different matter.

10 year guarantee - sign of things to come? - Andrew-T

<< Most cars are scrapped because they've become uneconomic to repair or maintain, not because they're worn out. >>

This well established piece of irrationality has been discussed here ad nauseam. Comparing a cost of repair with the presumed market value of a car is very easy, but silly. A repair is done to restore market value so that the car can be sold instead of scrapped. A more likely reason for scrapping is just a wish for something newer.

I suspect that a 'norm' of 3 or 4 years may have something to do with the typical length of warranty, and owners moving on before it expires.

10 year guarantee - sign of things to come? - pd

I suspect that a 'norm' of 3 or 4 years may have something to do with the typical length of warranty, and owners moving on before it expires.

No, unless it is broken and necessary, people change their cars for the same reason they change their phone. The current one hasn't got the latest apps and has a smaller screen than a newer one.

I'm convinced there is sometimes a certain delight when a car becomes uneconomical to repair or fails a MOT as it gives the owner the excuse they have been looking for to go out and buy a new one.

Whilst some owners keep their cars 5-10 years they tend to be older owners. With younger ones 2-3 years is about typical before they get bored of it and go and buy something else and/or the finance has been paid off.

10 year guarantee - sign of things to come? - Andrew-T

<< No, unless it is broken and necessary, people change their cars for the same reason they change their phone. The current one hasn't got the latest apps and has a smaller screen than a newer one. >>

Of course there is a lot of that too. I hope you were talking about phones here, rather than cars - that really would be a poor reason ?

10 year guarantee - sign of things to come? - John F

<< ......, people change their cars for the same reason they change their phone. The current one hasn't got the latest apps and has a smaller screen than a newer one. >>

Of course there is a lot of that too. I hope you were talking about phones here, rather than cars - that really would be a poor reason ?

A better analogy would be reasons for replacing your old fridge. A new replacement for our nearly 20yr old Focus automatic estate would offer as few new advantages as a replacement for a 20 yr old fridge. The average age of our three cars is over 23, ranging from 13 to 39. The most expensive bill I have ever had was probably a respray for the 39yr old when it was 12. (£400 plus £70 vat). None has had a garage 'service' during our ownership, apart from the MoTs.

10 year guarantee - sign of things to come? - SLO76
Yup, I’m often finding myself trying to talk friends and work colleagues out of binning a perfectly serviceable car that has some relatively minor issues. I’d understand it if they were spending thousands buying something substantially newer and better but mostly they’re talking about getting shot of a good old car they know and replacing it with another old car they don’t.

It’s daft to replace an old banger with another one for the sake of a repair bill of a few hundred quid unless you know it’s absolutely rotten underneath or has some terminal fault and won’t make it past another Mot. Juggling old cars for the sake of a change is s road to disaster unless you’re handy with the tools.
10 year guarantee - sign of things to come? - Engineer Andy
Yup, I’m often finding myself trying to talk friends and work colleagues out of binning a perfectly serviceable car that has some relatively minor issues. I’d understand it if they were spending thousands buying something substantially newer and better but mostly they’re talking about getting shot of a good old car they know and replacing it with another old car they don’t. It’s daft to replace an old banger with another one for the sake of a repair bill of a few hundred quid unless you know it’s absolutely rotten underneath or has some terminal fault and won’t make it past another Mot. Juggling old cars for the sake of a change is s road to disaster unless you’re handy with the tools.

The problem with today's 'throw-away' culture...

10 year guarantee - sign of things to come? - Engineer Andy

Any warranty which isn't transferable isn't very valuable as the vast majority of buyers do not keep a car 10 years or even 7. 3 or 4 or less is the norm these days. For used cars the average is about 2 years.

Cars tend to be designed around an approx 10 years life and the average age of scrapping is 13 years in the UK.

Most cars are scrapped because they've become uneconomic to repair or maintain, not because they're worn out. As cars have become more reliable and long-lived, they've also become more complex so a single fault could cost more than the car's value.

That's often because the latest owners rarely bother to budget for repairs other than the odd tyre, indie servicing and windscreen wiper replacement, and buy such cars often because of the brand/model/looks.performance, not seeing that it could make the car in effect a write-off the minute some more expensive-to-replace wear and tear part needs replacing soon or has a known reliability issue.

This is especially true of people purchasing second hand so-called premium cars, especially German branded ones.

A former (young) colleague of mine bought a 5+ yo BMW 3 series, scrimped on the servicing, ignored oil leaks, which resulted in it depositing the entire engine's contents on his driveway (thought he didn't notice before starting the car), ruining the drive and his engine in the process.

The car was scrapped as he had to spend the money on relaying the drive and shelling out for a cheaper bog-standard replacement car. If people can't afford to run a premium car when it's new, they definitely can't when it's several years older.

10 year guarantee - sign of things to come? - colinh

Kia offer an extra year on their warranties with a hybrid health check at services - this can build up to a maximum of 10 years