Buying a warranty for an Auction Car

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Fri 13 Jul 2007 21:20
Buying a warranty for an Auction Car - autumnboy


What sort of costs are involved for buying a warranty for a car purchased from an Auction.

Are they worth it or take a chance for a car of some 2 or 3yrs old.??


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Mon 16 Jul 2007 20:26
Buying a warranty for an Auction Car - autumnboy
A friend mentioned "Warranty Direct" which he had for a grey import Scooby. This covered engine and transmission etc.

Anyone used or know of these type of warranties.??

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Mon 16 Jul 2007 20:33
Buying a warranty for an Auction Car - geoff1248
If it's only 2 or 3 years old it should be covered by the manufacturers warranty shouldn't it?
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Mon 16 Jul 2007 21:26
Buying a warranty for an Auction Car - autumnboy
True, never thought of that.

thanks
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Mon 16 Jul 2007 21:40
Buying a warranty for an Auction Car - Aprilia
Surprised that Warranty Direct would cover an Impreza (certainly a turbo one - and grey import at that).
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Tue 17 Jul 2007 09:23
Buying a warranty for an Auction Car - ziggy
They are worth it if you think the gearbox might spontaneously explode from the inside. In any other case you probably don't have a claim. Unless you fancy paying for a complete strip down and expert opinion.

Check especially if the warranty excludes pre-existing conditions. Most I've seen do. I am amazed dealers try to give you such a warranty, as it seems completely worthless to me.

If you don't get you car serviced correctly of course you are not covered. I guess if the car you bought does not have FSH, you will not be covered. This makes sense, but can also be another grey area.

And don't forget the single claims lime, I've seen some warranties that have a limit of 40 uk pds..!

Auctions are for those who are happy to take risks. It's the same for houses as it is for cars. You best bet is do do whatever inspection/checks before buying and don't overpay. If it goes pear-shaped, be prepared to take it on the chin. Its the difference between running a business and being a consumer. In the former, you expect to have problems, but as a consumer you expect higher standards.

Remember many cars on dealers forecourts are straight from auction. And many dealers won't have done even the most cursory checks. So in that sense you might say you are actually better at an auction as you at least know where you stand.
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