As mentioned by yours truly in a previous incarnation of this discussion (and re-iterated by Avant above), Vauxhall won't be spending much on this one. Only a very small percentage of the Vauxhall cars sold will be covered by this plan, so it'll work out cheaply for them.
It does look very good for the buyers who buy new, privately, and keep the car a long time. And if all of the mainstream box-shifters were to do the same it would hurt Kia and Hyundai I'm sure -- and I'm equally sure that this is the aim. If the Koreans lost the private market they'd be in trouble.
But I don't think it'll happen -- the only other manufacturer who could get away with such a warranty is Ford, as they are the only other manufacturer so biased towards the fleet market.
Would it persuade me to buy a new Vauxhall? No. Vauxhall's list prices are too high, and the method of getting a cheap new Vauxhall is pre-reg, which won't be covered. It wouldn't surprise me if Vauxhall don't bother with many private deals through dealerships while this warranty is in force.
And that leads me to the other wrinkle -- GM's sister company, Opel, aren't offering this deal on the same terms. At some point the two are bound to be "harmonised" -- and who would like to place money on the Vauxhall deal being extended to the rest of Europe?
|