Cheap motor warranties – are they worth it?

Cheap Warranty Example: You have a 6 year old car and you have a cheap warranty plan of R139p/m and it’s transmission & gearbox schedule covers only R5000.  Your car suffers a complete transmission failure and the repairs/replacement costs come to over R30,000, then you will have to pay the difference of R25,000.  You might have been paying for this cover for over a year, which means that you have contributed R1668 on payments and have really only benefited by R3,332 on a R30,000 claim.  At this point, you are R26,668 out of pocket on this claim.

Elite Warranty Example: Now consider another scenario for your 6 year old car, where you spend R390p/m on an extended warranty plan which covers your gearbox for R35,000.  Your car suffers a complete transmission failure and the repairs/replacement costs come to over R30,000, and you are completely covered. You have nothing to pay.  You have however been contributing R390 p/m for a year and have therefore spent R4680 on payments to date. You are therefore R4680 out of pocket on this claim.

Which position would you rather be in?


Thinking that you are covered when in reality you are totally under insured?  Or being adequately insured with an aftermarket warranty that will actually be beneficial?

Good News!  We have an Elite Extended Warranty that costs R390 p/m and offers probably the best cover on any aftermarket plan in South Africa.  Contact us for a straight up, no nonsense quote and we will be happy to provide a quote.

NB: You need to check Multiple Quotes Box below for the Elite Warranty Plan

motor-car-warranty-steps

NOTE: Your personal information is confidential, and we will never rent or resell it to anyone. It will only be used to call you back and then provide you with a motor warranty solution.

Name

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Sbusi

Make & Model

Model Year

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*Disclaimer.  This is based on an actual Warranty Extender Elite plan and the cheaper warranty plans available are for your own discovery as we would not waste your time selling junk policies.