Maintenance and repairs cost of cars is a major component of running costs. Car owners are always concerned about keeping running expenses under check, especially that is related to the upkeep of cars and this is where car warranty insurance comes in to play.
Regardless of car makes and brands, whether you are driving a BMW or Audi, Skoda or Honda or any other brand, there is one certainty about all – cars will have been repaired.
Regardless of the reputation and brand reliability, this is a universal truth for car owners for which car warranty is essential. In order to minimise the cost of repairs the best way is to work out a budget for repairs according to your affordability and buy car warranty.
When buying the warranty, you will come to know what parts are covered by it and what kinds of repairs are admissible. There are many other benefits that you get in the long run.
Freezing maintenance cost
Car repairing can be quite expensive but having a warranty ensures that you are never out of pocket. Even if your car has a fairly decent service history, it does not guarantee that there will be no breakdown in future. Even car manufacturers would not dare to commit about it. Car repairing can be very expensive especially for brands like BMW since spares are very costly.
For other brands too, spare parts are not at all cheap because the technology that is used to enhance the reliability of cars necessitates the use of expensive spare parts that cannot be repaired but have to be replaced. Buying a warranty gives you the benefit of spending a fixed sum of money for all kinds of repairs that can often cost much more than what you have spent.
Protection against rising costs
If you compare the rate of increase in the cost of buying car warranty and the cost of repairs, the incremental increase in the cost of spare parts and labour is much more. Having a car warranty thus adds to more saving because you are able to hedge the inflation of the cost of repairs that happens with time.
Enhancing the life of the vehicle
There is a direct relation between the age of cars and its frequency of repairs. As cars grow older, some of the parts tend to give away and it may become difficult to source the parts from the open market.
Having a car warranty with the manufacturer would ensure two things – the car is repaired regularly and you never face the problem of non-availability of genuine spare parts. This would add to the life of the vehicle.
Not having a car warranty irrespective of car makes is like leading a life without any cover for life insurance. Since the car is a valuable asset and you want to enjoy its benefits to the maximum, you have to take care of it by proper maintenance and repair.
And what can be better than a car warranty that ensures its good health at reasonable cost while giving you complete peace of mind.