Ownership Car warranty company reveals the largest bills paid in 2017

16:33  14 march  2018
16:33  14 march  2018 Source:   motoringresearch.com

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Got you covered: the top 10 car repair bills paid out by Warrantywise in 2017 , including a Lamborghini gearbox and a Land Rover engine. Read more. 2018 World Car Awards finalists revealed . Revealed : the clever way you could save money on car insurance.

Find the best Car Warranties companies in your area. Car warranties , traditionally, required car owners to pay up front or make a large down payment for years of coverage. Toco decided to create an auto repair protection service that functions the same way as a utility bill .

Buy a new car and it’s likely to come with a three-year warranty, but many manufacturers will offer extended warranties for an additional premium. Alternatively, some new cars will be covered for five or even seven years, providing peace of mind until as late as 2025. But what do you do when the warranty expires?

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Policy Services Top extended car warranty services offer payment schedules that can extend up to 24 months, which makes purchasing a warranty more affordable since you don’t have to pay the entire cost upfront.

The company reveals that superminis and hatchbacks did not receive many claims, largely due to the simplicity of their parts and reduced labour cost. Car warranty company reveals the largest bills paid in 2017 . January 25th, 2018 | 0 Comments.

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You’re faced with three choices: sell the car, chance your arm, or opt for an aftermarket warranty. Typically, you’ll pay anything from $140 to £700 a year, but in return you’ll be covered in the event of the failure of mechanical or electrical parts. Warrantywise has just released details of the top 10 car repair bills it paid in 2017, and the costs will send shockwaves through your wallet. All photos used are for illustrative purposes only.

10: Audi TT engine ($7048.46)

Warranty company reveals the largest bills paid in 2017© Newspress Warranty company reveals the largest bills paid in 2017

It’s worth pointing out that not all aftermarket car warranties are created equal. There are a number of different options out there, offering various levels of protection. Many will cover the major mechanical and electrical parts, but others might include protection against MOT failure and multimedia malfunction. In 2017, Warrantywise paid just over $7000 when an engine failed on an Audi TT.

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Warrantywise offer a used car warranty that is simply the best in the business, and below are the most expensive car repair bills paid in 2017 for our customers. Price depends on your vehicle make, model and level of cover. Warrantywise Limited is a company registered in England and Wales No

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9: Mercedes-Benz C-Class sensors ($7117.78)

Warranty company reveals the largest bills paid in 2017© Newspress Warranty company reveals the largest bills paid in 2017

A similar figure was paid out for failure of the sensors on a Mercedes-Benz C-Class. We took a look on the Warrantywise website, where we were quoted $2,775 for a three-year warranty on a 2014 Mercedes-Benz C220. This includes a garage labour rate of up to $49 an hour and a single repair limit of $7,000. Increase these rates, and add the likes of multimedia, MOT and emissions cover to the package, and the cost will increase.

8: Porsche Cayenne oil leak ($7625.20)

Warranty company reveals the largest bills paid in 2017© Newspress Warranty company reveals the largest bills paid in 2017

Even something that appears to be a relatively minor issue can cost an arm and a leg to repair, like the $7625.20 it cost to repair the oil leak on a Porsche Cayenne. If this doesn’t encourage you to investigate the cause of that puddle on your driveway, nothing will.

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This warranty length and mileage restriction is pretty average for most extended car warranty companies . Endurance offers coverage across the U.S. and in Canada. Endurance offers three different car warranty plans.

A used car is more likely to need major repairs, and an extended warranty usually pays for itself with the first major repair. The company is the 22nd largest privately held company in the United States. American Guardian Warranty Services, Inc.

7. Ferrari 599 gearbox ($7965.00)

Warranty company reveals the largest bills paid in 2017© Newspress Warranty company reveals the largest bills paid in 2017

You wouldn’t buy a Ferrari 599 expecting to see running costs on a par with a Ford Fiesta, but finding $7965.00 at the drop of a hat would be a stretch for most people. The Warrantywise website features a handy tool which provides an insight into the items most likely to go wrong on each car. The Ferrari dropdown menu includes everything from a 575M F1 gearbox ($8541.90) to a 430 sensor ($3010.00).

6. Lamborghini Aventador clutch ($8254.65)

Warranty company reveals the largest bills paid in 2017© Newspress Warranty company reveals the largest bills paid in 2017

But it’s important to stress that big bills aren’t the preserve of exotic supercars. Warrantywise paid an eye-watering $628.44 for a brake caliper for a Daewoo Kalos and $597.46 on a heater matrix for a Daewoo Tacuma. A latch (!) on a Proton GEN-2 cost $443.69, while a new engine on a Kia Sorento weighed in at $4089.88. Not quite Aventador clutch money, but in relative terms it’s quite a chunk.

5. Maybach 62S brakes ($8472.21)

Warranty company reveals the largest bills paid in 2017© Newspress Warranty company reveals the largest bills paid in 2017

The Maybach 62S is a lumbering beast of car, so you need to ensure the brakes are up to scratch. Spending $8472.21 on the braking system should ensure the anchors are fit for purpose. Speaking of luxury motors, we took at look at Rolls-Royce, and discovered that Warrantywise has paid out for repair bills of up to $5018.41 on the Phantom.

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Find the best Car Warranties company for you. Carmine Louis Maieli. March 17th, 2017 Tampa, FL. Christopher B, your sales agent, was very helpful in explaining all the details of the warranty packages he's offered. CarChex refused to pay the bill because I took the car in "too soon".

London - The UK’s leading warranty company has revealed details of its largest repair bills from 2017 . Warrantywise's biggest pay -out for 2017 was for the equivalent of R168 527 for a McLaren MP4-12C gearbox repair. The data reveals the real cost of repairs for cars , from the likes of

4. Dodge Journey gearbox ($8681.64)

Warranty company reveals the largest bills paid in 2017© Newspress Warranty company reveals the largest bills paid in 2017

Yes, somebody in the UK actually bought a Dodge Journey, and when the gearbox went, they probably wish they hadn’t. Fortunately for them, Warrantywise covered the cost, which came in at a staggering $8681.64. There are many faults listed under the heading of ‘Dodge’, so a warranty is likely to be a good move.

3. Nissan GT-R gearbox ($8694.11)

Warranty company reveals the largest bills paid in 2017© Newspress Warranty company reveals the largest bills paid in 2017

On this evidence, the Nissan GT-R is a supercar-tamer with supercar-rivalling costs, should things go wrong. In addition to the $8694.11 paid out in 2017, Warrantywise has previously forked out $13170.80 and $8577.66 for two separate gearboxes, and $6779.50 for various engine faults.

2. Land Rover Discovery 4 engine ($11,822.94)

Warranty company reveals the largest bills paid in 2017© Newspress Warranty company reveals the largest bills paid in 2017

The Warrantywise website makes for grim reading for anyone who has recently purchased a used Land Rover. The Range Rover Sport looks particularly troublesome, with the table filled with bills upwards of $3050. But each one is dwarfed by the $11822.94 claim for a new Discovery 4 engine in 2017. Ouch.

1. McLaren MP4-12C gearbox ($13,864.00)

Warranty company reveals the largest bills paid in 2017© Newspress Warranty company reveals the largest bills paid in 2017

Imagine being faced with the prospect of a new gearbox on a McLaren MP4-12C. We suspect that the round figure is based on the upper limit of the warranty cover, which would suggest that the final bill was even higher. MP4-12C owners might want to wrap their seven-speed dual clutch gearbox in cotton wool.

The post Car warranty company reveals the largest bills paid in 2017 appeared first on Motoring Research.

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