RE: TVR Power warranty launches
Tuesday 29th November 2005
TVR Power will cover itTVR Power has launched an Auto Protect warranty. "There are no hidden agendas on this policy", said the TVR service and performance centre.
New warranty covers wear and tear
New TVR policy now out
TVR Power will cover it
For £1,347 including VAT, you get a 12 month protection policy which includes wear and tear. For example, if your cams are worn or your clutch slips, the warranty will cover the cost of repairs.
To kick it off, TVR Power will charge you three hours' labour at £48 per hour for a 100-point, full electrical and mechanical inspection. There are two main stipulations for maintaining the policy:
- All servicing must be carried out by an authorised TVR dealers -- the company specifically excludes non-accredited specialists.
- You must use TVR or TVR Power tuning parts.
More details on the company's site.
Discussion
Whilst the bit about not allowing specialists to work on the cars and dealers to be allowed to (for warranty continuity) seems a little strange (people leaving some dealers in droves to seek out knowledgebale specialists suggests one thing to me) .. the rest of it looks bang-on to keep customer confidence high and TVR prices firm.
good move
good move
Oi SA, I just KNEW I'd find you on this thread!
I expect the reason for excluding specialists is no more sinister than simply making sure people do go to somewhere up to the job. While 99% of people outside of the dealer network would go to a respected mechanic there will always be someone who takes its to a duff garage. It would be impossible for them to check all the possible garages, especiaslly if the policy includes more cover than average!
I expect the reason for excluding specialists is no more sinister than simply making sure people do go to somewhere up to the job. While 99% of people outside of the dealer network would go to a respected mechanic there will always be someone who takes its to a duff garage. It would be impossible for them to check all the possible garages, especiaslly if the policy includes more cover than average!
Is it just me or is this a bit expensive? Add to that the cost of having to use a TVR dealer and not a specialist and it can work out very expensive.
How much was the old warranty from years back? A lot less if I remember right. I guess this is to cover the costs of engine re-builds and cluthches on the Speed 6 engines?!
I suppose if you have a Speed 6 engined car and get your car serviced at a TVR dealer this would be a nice safety net just in case the worst happens.
How much was the old warranty from years back? A lot less if I remember right. I guess this is to cover the costs of engine re-builds and cluthches on the Speed 6 engines?!
I suppose if you have a Speed 6 engined car and get your car serviced at a TVR dealer this would be a nice safety net just in case the worst happens.
It looks good value to me, especially if the cover does include 'wear and tear' items. If it means that you can budget your yearly running costs with certainty. You pay the basic service cost plus the warranty and that it. No nasty surprises at service time!
A good alternative to the "and keep £5k to one side to cover the enevitable re-build...." advice thats given to prospective speed6 buyers on here.
Another good move by TVR IMHO
A good alternative to the "and keep £5k to one side to cover the enevitable re-build...." advice thats given to prospective speed6 buyers on here.
Another good move by TVR IMHO
jellison said:
You can do alot with that kind of dosh - Total waste of cash.
fo rthe people that think buying a TVR = Well they break ALOT don't they - scare mongering.
Have to agree, I can't believe I'm reading stuff like 'good value for money'!! really?? Nearly £1.5K for 'perceived' piece of mind on the basis of what's propagated on these forums, and from what I see, a lot of the 'Boy who Cried Wolf', 'my engine's gone' threads turn out not to be the case at all, but a simple matter of changing or adjusting a part which comes nowhere near a £1.5K bill,, yep, what a bargain, as a S6 owner myself for the past 2 years (almost), I consider the price definitely NOT value for money – how many 3.6’s have really ‘blown’, to justify that outlay???!!!!
chris watton said:
You can do alot with that kind of dosh - Total waste of cash.
fo rthe people that think buying a TVR = Well they break ALOT don't they - scare mongering.
Have to agree, I can't believe I'm reading stuff like 'good value for money'!! really?? Nearly £1.5K for 'perceived' piece of mind on the basis of what's propagated on these forums, and from what I see, a lot of the 'Boy who Cried Wolf', 'my engine's gone' threads turn out not to be the case at all, but a simple matter of changing or adjusting a part which comes nowhere near a £1.5K bill,, yep, what a bargain, as a S6 owner myself for the past 2 years (almost), I consider the price definitely NOT value for money – how many 3.6’s have really ‘blown’, to justify that outlay???!!!!
I would rather spend £1500 now than get the engine going wrong and having to fork out £5000 depending on what the problem is, it could be more. I would pay £1500 good peace of mind in my opinion.
Also lots of engines have gone, far too many in fact, just look at the classifieds section to see how many have ENGINE REBUILD written in the details about the car, and then there is the ones people do not tell you about!!!!!!!!!
I would still like to trade in the 5Lt Chimaera for a Tuscan though, I just love the Raspy Noise from the Speed Six, Although my 5lt sounds bloody awesome.
Whilst you all have fair comments - if its true wear and tear and includes the clutch which only seems to last 20~25K then it does not seem such a bad deal (as speed 6's don't last forever either).
I would make a guess that this is not going to make TVR money but it is going a long way towards all our claims that TVR are not supporting the 'nearly' new TVR cars.
I'd say it's no wonder they exclude indies as in the past (and now ?) they do not want to get involved in TVR warranty claims as they do not pay well (TVR dealers get something like £12 / hr) I believe and the hour quotes are impossible to achieve.
I would make a guess that this is not going to make TVR money but it is going a long way towards all our claims that TVR are not supporting the 'nearly' new TVR cars.
I'd say it's no wonder they exclude indies as in the past (and now ?) they do not want to get involved in TVR warranty claims as they do not pay well (TVR dealers get something like £12 / hr) I believe and the hour quotes are impossible to achieve.
Well I'm considering such a warranty when my engine warranty expires at the end of May '06. I'll be asking a lot more questions nearer the time of TVR Power.
Clutch seems to cost £1k plus, engine rebuild costs at least £3k. My car will have around 15k on the clock at the start of this extended warranty. Judging by all accounts the clutch may go within the following 10k and the engine will probably need rebuilding by 25-30k. I think I can safely assume I'd need one of those doing in the subsequent 2 years. Will also help with resale whenever I decide to move onto another car.
How does this warranty differ from the factory warranty which has been recently announced? I thought there was a 'basic' and 'wear and tear' option for that through all TVR main dealers? If this is just TVR Power taking the initiative and marketing the 'generic' TVR warranty then good luck to them. If not, I'd like a side by side comparison of the two warranties (I assume it's the former since TVR Power as closely linked with TVR Ltd).
My only issue (and this is only fair to the garage really) is that you have to pay for an inspection beforehand + anything which needs fixing to get the car to A1 condition (so the oil pressure sender at least then
).
Clutch seems to cost £1k plus, engine rebuild costs at least £3k. My car will have around 15k on the clock at the start of this extended warranty. Judging by all accounts the clutch may go within the following 10k and the engine will probably need rebuilding by 25-30k. I think I can safely assume I'd need one of those doing in the subsequent 2 years. Will also help with resale whenever I decide to move onto another car.
How does this warranty differ from the factory warranty which has been recently announced? I thought there was a 'basic' and 'wear and tear' option for that through all TVR main dealers? If this is just TVR Power taking the initiative and marketing the 'generic' TVR warranty then good luck to them. If not, I'd like a side by side comparison of the two warranties (I assume it's the former since TVR Power as closely linked with TVR Ltd).
My only issue (and this is only fair to the garage really) is that you have to pay for an inspection beforehand + anything which needs fixing to get the car to A1 condition (so the oil pressure sender at least then
).zumbruk said:
Whilst the bit about not allowing specialists to work on the cars and dealers to be allowed to (for warranty continuity) seems a little strange
Debateably illegal, too.
Even a little ironic, given that indies seem more capable of looking after a car to the required standards than main dealers in my experience.
Speaking as a warranty underwriter and PH'eder.....on the face of it although it may appear expensive if it was me charging for this it looks too cheap ! From an insurers view of course.
Firstly, the insurer will not get all the money, far from it. Maybe half let's say. Call it £600.
How often does your TVR go wrong in some way shape or form? Once every three years? Two Years? One year?
How much is the average claim when your beloved trev goes bang?
Call it 75% go wrong at least once a year. Normal cars 33-40% ish. This is being generous to TVRs. But then I would allow for an increase over and above 75% frequency of claim p.a. as the actual cars attaching to this probably all go wrong at least once a year on average per vehicle. This is because the people who have had breakdowns in the past are more likely to buy it. Average claim......say double a normal car - call it £700. Some will be much smaller and some much bigger (bigger if experience is anything to go by). Inspection good but limited use as build quality is.....less than average, don't deny it I know it beyond doubt. Add wear and tear (and consumable items like a clutch....madness)
So basically once a year on average £700 claim cost.....you are already losing money as an insurer.
The insurer backing this (they don't say who.....who are they, what is their security?
What are the claim limits per year and per claim? Is there an excess to pay? Where are the terms and conditions?
Why are the answers to these questions nowhere to be found on the site?
Who is the insurer?
These questions should be readily answered. If so then fine if you read and understand them. If not, beware.
Firstly, the insurer will not get all the money, far from it. Maybe half let's say. Call it £600.
How often does your TVR go wrong in some way shape or form? Once every three years? Two Years? One year?
How much is the average claim when your beloved trev goes bang?
Call it 75% go wrong at least once a year. Normal cars 33-40% ish. This is being generous to TVRs. But then I would allow for an increase over and above 75% frequency of claim p.a. as the actual cars attaching to this probably all go wrong at least once a year on average per vehicle. This is because the people who have had breakdowns in the past are more likely to buy it. Average claim......say double a normal car - call it £700. Some will be much smaller and some much bigger (bigger if experience is anything to go by). Inspection good but limited use as build quality is.....less than average, don't deny it I know it beyond doubt. Add wear and tear (and consumable items like a clutch....madness)
So basically once a year on average £700 claim cost.....you are already losing money as an insurer.
The insurer backing this (they don't say who.....who are they, what is their security?
What are the claim limits per year and per claim? Is there an excess to pay? Where are the terms and conditions?
Why are the answers to these questions nowhere to be found on the site?
Who is the insurer?
These questions should be readily answered. If so then fine if you read and understand them. If not, beware.
I would be very interested to see how the block exemption rules apply to this warranty. From the initial description i think very illegal. I would also look closely at just how much this is going to cost you per year. We start off with a 3 hr inspection which in most cases will identify some faults; inevitably these will have to be corrected before any warranty can commence. Once this is done we pay £1347 for a years cover. This is several times the price of a warranty holdings policy, granted the warranty holdings policy has a claim limit. Is there a claim limit exceptions for track day use etc lets see the full details or at least some specific info.
When I read piston heads I read about lots of people who have had tuning modifications done to there cars from a variety of sources usually in the main TVR specialists what is to happen to these people now seemingly if you take out this warranty you can only have tuning enhancements done at TVR Power.
When I read piston heads I read about lots of people who have had tuning modifications done to there cars from a variety of sources usually in the main TVR specialists what is to happen to these people now seemingly if you take out this warranty you can only have tuning enhancements done at TVR Power.
I think it is a great deal.
In my year of Tuscan ownership I think the 'niggle bill' and failure of clutch and alternator came to something like £2000.
If I can have this capped at £1300 a year, plus offset the worst case scenario of a rebuild then thats great.
Will it cover a 2000 Tuscan?
In my year of Tuscan ownership I think the 'niggle bill' and failure of clutch and alternator came to something like £2000.
If I can have this capped at £1300 a year, plus offset the worst case scenario of a rebuild then thats great.
Will it cover a 2000 Tuscan?
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