Member Since: 10 Mar 2017
Location: Gloucestershire
Posts: 1073
Dare I cancel the warranty?
I am seriously thinking of ditching my Warranty Direct warranty.
This follows on from the service thread I posted, where I am getting quotes of £480 for a service.
I usually service my own cars, and rather stupidly, when I got this one I did the diffs etc as well as the usual engine stuff-I should have waited and had these done as a service, not when I got the car.
I also did the front suspension (pretty much all of it) the brakes all round and a wheel bearing.
I have been thinking the £66 a month for the warranty is a lot of cash anyway, but dare I cancel it?
18th Sep 2017 11:28 am
Philip1972
Member Since: 10 Mar 2017
Location: Gloucestershire
Posts: 1073
Oh, and its Securecare warranty not the Extracare.
I replied in the other thread. Warranty is insurance - up to you if you want it. I have it and have just about "broken even". Others are down, others are up - @DSL. That's a fairly dear service quote for an indi - is it an A or a B service and what year? Price around and see what you can get it down to.
I have a 2 year old D4 ,I put an amount of money away every month , so far I have 2 years worth put on one side, car has only covered 10,600 miles so in another 8 years will still be low milege if no big problems I will still have the cash, I dont use this fund for servicing . I have always done this and have never had to dip into it, always go's towards the next car ( So Far ) so good. All my other cars high milege. I´d sooner have the cash than give it to insurance companies on the off chance of problems.
Last edited by blackdog1 on 18th Sep 2017 11:53 am. Edited 1 time in total
18th Sep 2017 11:51 am
Philip1972
Member Since: 10 Mar 2017
Location: Gloucestershire
Posts: 1073
Its a 2011 car at 84000 miles, so its a B service.
18th Sep 2017 11:51 am
DSL Keeper of the wheelie bin
Member Since: 11 May 2006
Location: Off again! :-)
Posts: 73085
swansty wrote:
I replied in the other thread. Warranty is insurance - up to you if you want it. I have it and have just about "broken even". Others are down, others are up - @DSL. That's a fairly dear service quote for an indi - is it an A or a B service and what year? Price around and see what you can get it down to.
I was up big time for the D3 but for the D4 I haven't claimed a thing in the last 12 months since I bought her. I think of it as insurance for the major bills like the engine going bang or dreaded gearbox judder. I now just think of the warranty costs as part of running the car. I've got 2 years ExtraCare cover to go and can hopefully renew for another 2 (or possibly 3) years, that's up to when I'm thinking I'll be sell her on. I can afford to pay for any repairs, including a new engine if needed, but that's a risk I'd rather insure for.
18th Sep 2017 12:18 pm
Red Merle
Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7441
If you are able to afford every possible bill that the car will throw at you then, by all means, self insure. But, putting £66 a month away won't go very far if your crankshaft snaps (around 19 years' worth of £66 a month contributions!)
Probably a risk that's viable for the low mileage users only....2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: 2 x FL2 as “second” cars 🙄
2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!)
18th Sep 2017 3:55 pm
Farmer Chalk
Member Since: 06 Mar 2013
Location: Independent Republic of Kentishshire.
Posts: 4195
Not wishing to hijack the OP thread, but is there a decent lower cost warranty that covers a major calamity (i.e. if the total cost of a claim is only say >£5k or £10k??? i.e. it handles the extreme events, but not most of the usual warranty items?)
18th Sep 2017 4:48 pm
Philip1972
Member Since: 10 Mar 2017
Location: Gloucestershire
Posts: 1073
That's a very good question andy526rt. I am not worried except for the engine and gearbox!
18th Sep 2017 5:52 pm
DSL Keeper of the wheelie bin
Member Since: 11 May 2006
Location: Off again! :-)
Posts: 73085
That's WD SecureCare territory, but they're not going to put a new engine in a car worth less than half of that.
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