Car Leasing and Warranty

A new car warranty will protect you from mechanical or manufacturing faults.  Even brand new vehicles can have their faults and a manufacturer warranty gives you peace of mind.

All new cars and commercials are supplied with a manufacturer warranty which varies in length from 2-7 years.

The majority of manufacturers offer a 3 year, 60,000 mile warranty as standard, others longer.  Hyundai offer a 5 year warranty as standard while Kia offer an amazing 7 year warranty.

What is a Car Warranty?

A new vehicle warranty is a guarantee to protect your car should it get a manufacturing fault within a certain amount of time or usage.  It is essentially covering you should the car stop working through a mechanical fault or part failure. All new lease cars will be covered under the initial warranty from a manufacturer the same as if you bought the car outright.

Should your car suffer a breakdown due to engine failure, or anything related to the mechanics and inner workings of the car, you will be covered for the damages and won’t have to pay. Most new car warranties also include breakdown cover at least for the first year.

Types of Warranty

There are a number of different types of warranty that you can have on your car. Whether you’re leasing or just looking for information on warranties, you have a number of options available to you.

Manufacturer’s Warranty

With Lease World, we offer brand new vehicles for leasing and therefore you are most likely to be covered by a manufacturer’s warranty. Later on we’ll be looking at what to expect within a warranty cover, but now we’ll focus on what a manufacturer’s warranty is. This is most likely the warranty you will receive with your new leased car, and will most likely cover you up until the end of a lease.

A manufacturer may also cover certain pre-used car models, providing they are sold through a registered franchise. This is because the cars will undergo strict inspections from the manufacturer to ensure they meet the high standards they have for all their new vehicles.

Be sure to check what the warranty is valid for, as often it can be to a specific mileage or have unlimited mileage. If your car is damaged and then doesn’t qualify for the warranty cover, it can end up being a very costly and expensive repair, so make sure you know exactly what to avoid when under warranty.

After-Market Warranty

If you are looking to lease a car for longer than the manufacturer warranty is valid for, or considering used car leasing you will need an extended warranty.  Most used cars come with a 3 or 6 month warranty.  We offer a super product called warrantywise which offers comprehensive but affordable used car warranties.

Breakdown Repair and Cover

All manufacturers offer roadside assistance and breakdown cover. This is becoming more and more common and they will cover you for parts and labour, call out costs and replacing your vehicle if it will take time to be repaired. Something to watch out for though it whether you’re covered in the case of an accident.

Most manufacturer warranties cover mechanical and bodywork issues.  The warranty would not cover you if you get a flat tyre, or other things that just happen through no fault of the manufacturer. Companies such as the AA, RAC & Greenflag offer their own breakdown coverage 24 hours 7 days a week with emergency call outs as an option. All companies offer a different range of cover and prices and some packages that can also include accident cover.  Comparethemarket is one of several price comparison sites to make things easier.

What’s covered in a warranty?

This varies from company to company.  The list below is of items that are usually covered.

  • Steering and handling
  • Ignition and fuel systems
  • Coolant and cooling systems
  • Electrical components
  • Transmission
  • Clutches that are non-frictional
  • Gearbox
  • Components in the brake system
  • Vehicle Suspension

The general rule is that a warranty should cover anything that could break over the warranty period that isn’t your fault.

Things that aren’t covered

The list below shows things that are not normally included in the warranty.

  • Wear and Tear to Tyre and Wheels
  • Bodywork such as denting and scratches
  • Brake pads and most clutches
  • The car’s catalytic converter
  • Glass in windows
  • Headlights
  • Air Conditioning systems
  • Audio equipment
  • Built in Sat Nav equipment

 

A warranty is not Insurance

A warranty is not the same as motor insurance.  The warranty is to provide peace of mind should something break that is not your fault, that is due to a manufacturing or mechanical fault.  A warranty does not cover you for accidental damage. We have an article explaining insuring a lease car here.

A warranty does not cover car maintenance

Most warranties do not cover car running costs such as maintenance and servicing.

At Lease World, we offer an option to add a full maintenance package to your vehicle lease where we will make sure it is kept in the best roadworthy condition possible.   By adding a full maintenance package to your lease it is easier to manage your costs as everything apart from what is deemed unfair wear & tear is usually covered.  This means that you need only to worry about fuel and motor insurance. 

How long will my warranty last?

A warranty can last anywhere between 3 months to 7 years, depending on the provider. 

Have a look through a manufacturer’s warranty conditions to see what the maximum mileage your warranty covers, before it means the warranty will no longer cover the vehicle. If you drive your car over the limited mileage allowed you may no longer be covered by warranty servicing and breakdown, and also have to pay a mileage excess on your lease deal.

To give you an example of how one of the warranties on our cars function, have a look at one of our best contract hire deals, the Ford Fiesta. The standard ‘factory’ warranty for a new Ford Fiesta is 3 years or 60,000 miles, whichever happens first. This is the case with most car makers warranties, as it has become an industry standard.

The average lease will last around 3 years, and if you plan on getting a 5 year lease you can get an extended warranty to cover the time. All manufacturers can offer extended warranties as can many third party companies such as warrantywise.

If you have any other questions about Car Leasing, or car warranties, please don’t hesitate to contact us online or call us on 01189 420030.