Which Warranty?
Discussion
I bought my Tuscan S nearly a year ago and it came with 12 months Warranty Holdings cover from TVR Centre.
FSH, 24k (had the obligatory rebuild last March)
There are so many different companies offering extended warranties I am now too confused.
Usually would take my chances but I think I should keep a warranty going with someone.
Probably looking to get 2 years cover so I can pass it on when I sell.
Warranty Wise look good....
So chaps.....who?
FSH, 24k (had the obligatory rebuild last March)
There are so many different companies offering extended warranties I am now too confused.
Usually would take my chances but I think I should keep a warranty going with someone.
Probably looking to get 2 years cover so I can pass it on when I sell.
Warranty Wise look good....
So chaps.....who?
Warranty Holdings is currently in administration. The appointed administrator is Grant Thornton. Apparently they are still processing claims but are not accepting new business. The other week I have had to pay the dealership for a warranty job and I'm awaiting payment from warranty holdings. The claim has been agreed and they have said that they will pay me but it would appear that they are in negotiations with the underwriters as to when the payment will be made. If payment is not made soon I will seek action through the courts.
I picked up one from www.warrantyworks.co.uk for £700. 3 year policy with £2.5k claim limit. Only issues: They won't do a higher claim limit, and only 1 clutch claim allowed per policy.
I got a quote for a warranty wise one:
posted details here:
www.pistonheads.com/gassing/topic.asp?t=90493&f=5&h=0&hw=warranty+wise
that was limited to value of car. But like the rest of 'em, short of someone successfully having claimed on it, it could be FA use at the end of the day.
posted details here:
www.pistonheads.com/gassing/topic.asp?t=90493&f=5&h=0&hw=warranty+wise
that was limited to value of car. But like the rest of 'em, short of someone successfully having claimed on it, it could be FA use at the end of the day.
powerlord said:
I got a quote for a warranty wise one:
posted details here:
www.pistonheads.com/gassing/topic.asp?t=90493&f=5&h=0&hw=warranty+wise
that was limited to value of car. But like the rest of 'em, short of someone successfully having claimed on it, it could be FA use at the end of the day.
One thing to check with these is that they will pay the TVR labour rates, especially when they are in the region of £75+ vat per hour. Most companies will only pay to a max of £25+vat an hour.
If they do, them this sounds like a good deal. I say sounds as they are insurance, and might try to wriggle out of paying
Mr F
j_s_g said:
that was one of the good things about waranty wise.
that quote was with the 'main dealer' rates premium, which lets you claim double the usual amount per hour.
There was no mention of labour limits in the Warranty Works policy, either.
The that is good. Policy for a Tamora is £1000 for the year!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yup just checked my Warranty Wise quote and for my Tuscan S £762.50 for a year and for £45 more main dealer labour rates. The limit per repair is £6000 so should just cover a new speed 6 engine, with an annual claims limit of the vehicle value.
Ok I can't see a catch, apart from the obvious, being an insurance company and they will always avoid paying if they can.
All sounds far too good!
Ok I can't see a catch, apart from the obvious, being an insurance company and they will always avoid paying if they can.
All sounds far too good!
smirnoff said:
Yup just checked my Warranty Wise quote and for my Tuscan S £762.50 for a year and for £45 more main dealer labour rates. The limit per repair is £6000 so should just cover a new speed 6 engine, with an annual claims limit of the vehicle value.
Ok I can't see a catch, apart from the obvious, being an insurance company and they will always avoid paying if they can.
All sounds far too good!
It's not that good... over 3 years that'll be £2500; pretty much the cost of an average fishy-finger follower based rebuild. Think I'd rather pay £700, and maybe have £1800 in the bank at the end of 3 years; there isn't anything other than the engine that could come to more than £2500, and even if that went, the extra £1800 should more than cover any additional cost.
well.. it was cheaper for 2 years, etc.. 1200 quid or so for 2 I think.
At the end of the day though, yeh you takes your chances... if your engine blows after 3 years and you have saved your 1800 quid (and not blown it on shiny gadgets since it was 'just sitting there'..), then fine.
If it blows after a month, then your 1800 quid is getting saved for something that already happened.
It's insurance at the end of the day. Don't see how it's any different from say 3rd party or full comp, or unemployment insurance or anything else.
Personally I've always bought a warranty for my cars, and so far I've always 'made' out of them.
With the 300zx, I had claims totalling 1200 of a 300 quid warranty.
The top jobbie with w.wise seems to cover most stuff, just a pity there isn't some sort of forum with some satisfied customers to know they are not another w.holdings.
stu
At the end of the day though, yeh you takes your chances... if your engine blows after 3 years and you have saved your 1800 quid (and not blown it on shiny gadgets since it was 'just sitting there'..), then fine.
If it blows after a month, then your 1800 quid is getting saved for something that already happened.
It's insurance at the end of the day. Don't see how it's any different from say 3rd party or full comp, or unemployment insurance or anything else.
Personally I've always bought a warranty for my cars, and so far I've always 'made' out of them.
With the 300zx, I had claims totalling 1200 of a 300 quid warranty.
The top jobbie with w.wise seems to cover most stuff, just a pity there isn't some sort of forum with some satisfied customers to know they are not another w.holdings.
stu
It gets cheaper if you take it out for longer,
24 Months £1220
36 Months £1655
48 Months £2087
And fully transferable if you sell the car. You can also get the car serviced at any VAT registered Garage, so TVR specialists are fine which considering what my last service bill will save me £000.
24 Months £1220
36 Months £1655
48 Months £2087
And fully transferable if you sell the car. You can also get the car serviced at any VAT registered Garage, so TVR specialists are fine which considering what my last service bill will save me £000.
Heres a really stupid idea.
Why not open up a savings account,lob in say £2000 a year and then at the end of a couple of years you are close enough to a new speed six not to worry,you get the intereston the savings,no hassles on payout and if nothing goes wrong theres always that nice new upgrade you promised yourself.
Why not open up a savings account,lob in say £2000 a year and then at the end of a couple of years you are close enough to a new speed six not to worry,you get the intereston the savings,no hassles on payout and if nothing goes wrong theres always that nice new upgrade you promised yourself.
sideways mostly said:
Heres a really stupid idea.
Why not open up a savings account,lob in say £2000 a year and then at the end of a couple of years you are close enough to a new speed six not to worry,you get the intereston the savings,no hassles on payout and if nothing goes wrong theres always that nice new upgrade you promised yourself.
The old 'self insurance' scheme, always my preferred choice. My recently purchased Tuscan came with 12 months warrantee, but when it expires I think I will take the path of 'self insurance'. Of course the risk does very though depending on how many miles your likely to be doing.
Phil.
PhilWattis said:
The old 'self insurance' scheme, always my preferred choice. My recently purchased Tuscan came with 12 months warrantee, but when it expires I think I will take the path of 'self insurance'. Of course the risk does very though depending on how many miles your likely to be doing.
It also depends on whether the warranty company deals with relatively bullet-proof Toyotas, Hondas, etc. If so, then they're probably overpaying so that you can get a good deal on something with bits dropping off faster than a leper... if they're willing to pay out it can be a great cost saving on a TVR.
I still don't quite see how these warranties favour customers as they only seem to cover components that suddenly failure and excludes wear and tear.
For instance, the warranty works one covers items like the timing chain, a rather expensive job I'm having done on my everyday car at the moment for around £1K out of my own pocket. This is necessary because it was obviously worn through mileage, but still came as a shick to me. A warranty would only pay out surely if it snapped, and doing that took the whole engine with it?
So if covering a Tuscan and the finger followers needed doing, the warranty company is not going to pay out as they would say that it is wear and not breakage right?
For instance, the warranty works one covers items like the timing chain, a rather expensive job I'm having done on my everyday car at the moment for around £1K out of my own pocket. This is necessary because it was obviously worn through mileage, but still came as a shick to me. A warranty would only pay out surely if it snapped, and doing that took the whole engine with it?
So if covering a Tuscan and the finger followers needed doing, the warranty company is not going to pay out as they would say that it is wear and not breakage right?
TUS 373 said:
I still don't quite see how these warranties favour customers as they only seem to cover components that suddenly failure and excludes wear and tear.
For instance, the warranty works one covers items like the timing chain, a rather expensive job I'm having done on my everyday car at the moment for around £1K out of my own pocket. This is necessary because it was obviously worn through mileage, but still came as a shick to me. A warranty would only pay out surely if it snapped, and doing that took the whole engine with it?
So if covering a Tuscan and the finger followers needed doing, the warranty company is not going to pay out as they would say that it is wear and not breakage right?
I would argue with them that the finger followers should have a lifetime equal to that expected of the whole engine, and a whole engine should not be "worn out" within 10,000 (or even 20k/30k) miles. Hence, even if it is "premature wear", it's due to a defect, and is hence "broken". In theory absolutely everthing is wear, as if you seal a car in a gravity-free vacuum & never start it, nothing will break as nothing is happening (i.e. wearing). If they've *ever* paid out for a single claim on *anything*, then they've accepted that normal/exceptional wear are different concepts, and are willing to classify things as one or the other.
If that makes sense! 
>> Edited by j_s_g on Thursday 29th April 18:07
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