There are a variety of what we would refer to as “vehicle care” products available. Products like a maintenance plan and a car warranty, which are intended to protect you against the financial implications of unforeseen failures and help you look after the condition of your vehicle. Not only will these resources help to extend your vehicle’s lifespan, but they can also ensure that your vehicle retains its value. If you plan on selling in the future and want to get the best price possible, having a maintenance or warranty can help make that possible.
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The question is, which one should you have? A maintenance plan or a warranty?
Let’s review both so that you can make an informed decision.
Unpacking Your Maintenance Plan
What most people know about maintenance plans is that they have a set lifespan, lasting for a set period of time or number of kilometres – such as five years or 90 000kms (whichever comes first). It’s good to remember, though, that regardless of what your maintenance plan stipulates, you should be able to extend your plan and continue to enjoy cover after the initial terms come to an end.
But what about the actual details about this cover?
Well, a maintenance plan is the most comprehensive option on the market, therefore also making it the most expensive. Essentially, these plans cover the costs of all routine servicing in accordance with the manufacturer’s schedule, as well as mechanical failures, and wear and tear.
It might seem like everything is included, but you should note that the costs associated with repairs that are the result of an accident or your own negligence aren’t covered by a maintenance plan. Additionally, your tyres, alignment, and windscreen are also not usually included with these plans.
Wondering what would pay for these exclusions on a maintenance plan? Typically, you would be able to claim from your comprehensive car insurance policy for things like a cracked windscreen or damages that you caused to your own vehicle.
The Worth Of A Warranty
If a maintenance plan is so great, why do people bother with a warranty? At its most basic level, a warranty is a means to protecting yourself against the financial implications of your vehicle’s parts failing. For this reason, it is considered the cheapest option.
Yes, a warranty doesn’t pay for consumables and scheduled car part replacements, but it does act as a vital financial safety net for when things breakdown unexpectedly. These kinds of repairs are often extremely expensive and because it’s not routine cost, you won’t see it coming. You’ll just be handed the bill after the mechanics have finished the repair job, which you’ll have to settle in order to drive away.
Not many people can afford this kind of situation, and with the current cost of living, it’s becoming harder to simply add a hefty maintenance plan premium to your expenses.
For that reason, a warranty makes a lot of sense and you’d be happily surprised to see what is covered under a warranty.
Feeling Informed?
Having discussed warranties and maintenance plans, it’s clear that each caters to specific needs and preferences. It really isn’t as simple as saying that one is better than the other, because both have their place. Many individuals opt for a warranty for long-term protection of their investment, valuing the peace of mind and comprehensive coverage it offers.
Avoid unexpected repair costs. Secure your peace of mind with AA Warranty. Because protecting your vehicle isn’t just about maintenance or warranty—it’s about making the smart choice for you. What’s more, any claims you put in won’t change the monthly cost.
Buy an AA Warranty online and you’ll get a 10% discount on your monthly premium.
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