Many of us buy a new car because we presume that the chance of something going wrong is less likely, plus for the first three years your car should be covered by the manufacturer’s warranty. After warranty expired, we have no choice but find another car service center to save costs. Manufacturer dealers offer extended warranty but overall labour costs and repairing costs are increasing.
45% motorists retained by dealers even after warranty. They are more quality conscious and ready to pay heavy, but trend is changing now. With increase in petrol prices, car owners could be feeling more strained than ever and would like to save repairing costs.
In India, on an average car owners spend Rs. 10,000 to Rs. 20,000 annually after warranty for servicing and minor running repairs. Major repair costs are very high. In UK, research shows thousands of three and four-year-old cars cost an average £338 to repair after the manufacturer’s warranty has expired.
There is no other agency to cover for car warranty, but UK has company like warranty direct which claims providing better warranty after manufacturer;s warranty expired.