Is your warranty about to expire?
Warranty Direct warn of cars failing at crucial time
Automotive specialist Warranty Direct have reported that more than one in two used cars on the roads break down as the car reaches the 60-70k mileage, the analysis of fifty thousand live policies found that the average failure rate was 50.7%.
Many car manufacturers have now introduced longer warranties but most still provide a standard three years of cover on new cars and all manufacturer policies are subject to mileage limitations which is normally sixty thousand miles. Duncan McClure Fisher, managing director of Warranty Direct said “even with the much-improved reliability of modern cars, mileage will take its toll on any vehicle and parts will naturally wear out. You shouldn’t expect a new car to break down in its first three years but there is a reason that manufacturers, for the most part, limit their warranties to 3 years/60,000 miles and our research highlights that reason. Even those manufacturers offering five or seven-year policies will include loopholes in the small print that mean your level of cover takes a dip once you hit a certain age or mileage.”
Warranty Direct point out that the average cost to repair faults on cars that have reached the 60-70k mark is approximately £420 but this can run into thousands with parts and labour costs. Axle and suspension issues are responsible for a quarter of the faults followed by electrical components and systems. Different models present different bills, if you are the owner of the Fiat then you are in luck as these cars work out the cheapest to repair at approximately £247 and they spend the least time in the garage requiring only 1.57 hours on average for repairs.
If you happen to own a Chrysler then unfortunately it seems that you will be paying the biggest garage bills. Warranty Direct found the average repair cost for problems occurring between 60,000 and 70,000 miles was £516, compared with the average across all manufacturers of £419. Toyota faults take the most time to repair, at an average of 2.81 labour hours, compared to an average for all manufacturers of 2.29 hours.
Warranty Direct is currently conducting a groundbreaking motoring study; the Warranty Direct 360 Used Car Survey is the first to combine real-world customer feedback with genuine reliability data. To take part in the most comprehensive, all-round study of UK used car ownership ever conducted and for a chance to win £1000, head to www.warrantydirect.co.uk/wd360