Leasing Beyond Manufacturer Warranty?
Discussion
Hello all - have seen a few comments in the 'Best Lease Car Deals' threads warning against leasing beyond the lifespan of the manufacturers warranty (which is a concept/concern I do understand!)
Am currently considering extending a 3 year lease by an additional 1.5 years and for the full duration of the extension the car will be out of the manufacturers warranty period.
However, I have a maintenance contract as part of the lease which, as far as I can tell from the T&Cs will cover the cost of repair in the event of any mechanical failure. As such I can't see any risk with being without a manufacturers warranty.
Am I missing something which I should be aware of? Seems risk free to me but am concerned there's a 'gotcha' which I might be overlooking!
Am currently considering extending a 3 year lease by an additional 1.5 years and for the full duration of the extension the car will be out of the manufacturers warranty period.
However, I have a maintenance contract as part of the lease which, as far as I can tell from the T&Cs will cover the cost of repair in the event of any mechanical failure. As such I can't see any risk with being without a manufacturers warranty.
Am I missing something which I should be aware of? Seems risk free to me but am concerned there's a 'gotcha' which I might be overlooking!
wildhoney_ said:
Hello all - have seen a few comments in the 'Best Lease Car Deals' threads warning against leasing beyond the lifespan of the manufacturers warranty (which is a concept/concern I do understand!)
Am currently considering extending a 3 year lease by an additional 1.5 years and for the full duration of the extension the car will be out of the manufacturers warranty period.
However, I have a maintenance contract as part of the lease which, as far as I can tell from the T&Cs will cover the cost of repair in the event of any mechanical failure. As such I can't see any risk with being without a manufacturers warranty.
Am I missing something which I should be aware of? Seems risk free to me but am concerned there's a 'gotcha' which I might be overlooking!
There are millions of cars on the road well out of warranty and they didn’t explode the day after it ran out.Am currently considering extending a 3 year lease by an additional 1.5 years and for the full duration of the extension the car will be out of the manufacturers warranty period.
However, I have a maintenance contract as part of the lease which, as far as I can tell from the T&Cs will cover the cost of repair in the event of any mechanical failure. As such I can't see any risk with being without a manufacturers warranty.
Am I missing something which I should be aware of? Seems risk free to me but am concerned there's a 'gotcha' which I might be overlooking!
I’ve just extended the lease of my wife’s A3 for a fourth year as it’s much cheaper than replacing the car - paying £220 a month.
My view is that unless I get a big bill for more than £1200 I would be cheaper than replacing it.
First car I’ve ran out of warranty but it’s only done 24,000 miles so I’m taking the chance.
My view is that unless I get a big bill for more than £1200 I would be cheaper than replacing it.
First car I’ve ran out of warranty but it’s only done 24,000 miles so I’m taking the chance.
andrewcliffe said:
Some of these warranties are fairly limited in what they do and do not cover, so assume that you may end up paying a proportion of repair costs.
Read the small print very carefully and then make a decision.
The manufacturer backed ones are usually pretty good. I can only speak for VW & Ford but have found them very fair & no different to the original warranty.Read the small print very carefully and then make a decision.
....but then I've never (touch wood!) had to make a huge claim
If it's got full maintenance that it should be OK, shouldn't it? I had a Merc (owned) on a full service & maint contract for 6yrs / 120K miles and it covered everything, although as it happened not much went wrong, new suspension arms, and the clock spring in the steering wheel failed, a biggish job.
I guess you should check the T's & C's on the maint contract.
I guess you should check the T's & C's on the maint contract.
Edited by Sheepshanks on Wednesday 1st May 21:51
Your car won’t blow up as soon as it passes 3 years old, 24k miles. I wouldn’t touch any aftermarket extended warranty for any price.
Anyone who has been brainwashed over the years that you must be a lunatic to even consider running a car out of warranty, or even worse, needing an MOT, could always lease a Kia (7 Year warranty) or Toyota (10 year warranty) for 3 years then still be under warranty anyway.
Anyone who has been brainwashed over the years that you must be a lunatic to even consider running a car out of warranty, or even worse, needing an MOT, could always lease a Kia (7 Year warranty) or Toyota (10 year warranty) for 3 years then still be under warranty anyway.
2 sMoKiN bArReLs said:
andrewcliffe said:
Some of these warranties are fairly limited in what they do and do not cover, so assume that you may end up paying a proportion of repair costs.
Read the small print very carefully and then make a decision.
The manufacturer backed ones are usually pretty good. I can only speak for VW & Ford but have found them very fair & no different to the original warranty.Read the small print very carefully and then make a decision.
....but then I've never (touch wood!) had to make a huge claim
ITP said:
Your car won’t blow up as soon as it passes 3 years old, 24k miles. I wouldn’t touch any aftermarket extended warranty for any price.
Anyone who has been brainwashed over the years that you must be a lunatic to even consider running a car out of warranty, or even worse, needing an MOT, could always lease a Kia (7 Year warranty) or Toyota (10 year warranty) for 3 years then still be under warranty anyway.
Of course it won't instantly blow up on its birthday, but statistically things go wrong with cars, and fixing them wants paying for.Anyone who has been brainwashed over the years that you must be a lunatic to even consider running a car out of warranty, or even worse, needing an MOT, could always lease a Kia (7 Year warranty) or Toyota (10 year warranty) for 3 years then still be under warranty anyway.
You could be Mr Average and need to spend £500 in repairs, you could be unlucky and get a big bill.
There may be quite pricey predictable things like cam belts in the schedule.
I've always run cars with no real warranty, but I can afford to take the rough with the smooth.
This is why people lease new cars. Known costs and no unnecessary risks.
One bit of bad luck and you could be sat there realising it would have been cheaper to flip to a new car.
Or you might be fine and save a few quid.
You should try to have an understanding of what you are saving vs the risk you are taking,
An aftermarket warranty may buy off some of that risk.
andrewcliffe said:
2 sMoKiN bArReLs said:
andrewcliffe said:
Some of these warranties are fairly limited in what they do and do not cover, so assume that you may end up paying a proportion of repair costs.
Read the small print very carefully and then make a decision.
The manufacturer backed ones are usually pretty good. I can only speak for VW & Ford but have found them very fair & no different to the original warranty.Read the small print very carefully and then make a decision.
....but then I've never (touch wood!) had to make a huge claim
Took an e-pace past 55k miles and almost up to the 5th year 180 hp Diesel
By extending lease, another 2 years still 360 PCM, as original contract, felt very reasonable when to replace like for like would have been well over 600.
24 x 240 buys a lot of Jaguar parts….only needed one set of front tyres and wiper blades outside normal service items ( rotation helps )
By extending lease, another 2 years still 360 PCM, as original contract, felt very reasonable when to replace like for like would have been well over 600.
24 x 240 buys a lot of Jaguar parts….only needed one set of front tyres and wiper blades outside normal service items ( rotation helps )
Gassing Station | Car Buying | Top of Page | What's New | My Stuff