Do I get a Warranty on a lease car?
[vc_single_image image=”35061″ img_size=”article-image”]There are a lot of things that you have to consider when getting a lease car. And one of those things is taking care of the vehicle. Aside from ensuring you stick to the pre-agreed mileage, and ensuring the car is kept up to the BVRLA Fair Wear and Tear Standard, you need to think about what your warranty will cover.
But, do you get a warranty on a lease car? After all, you don’t actually own it, so are you covered by the manufacturer’s warranty?
The short answer is; yes, you do get a warranty on a lease car. At OSV, we advise people on this every day, so we’re going to tell you what your warranty covers, what it doesn’t, and whether you can extend it.
Do I get a warranty on a lease car?
When you lease a car, it will come with a warranty. This is the manufacturer’s warranty, and usually lasts for three years. However, this varies depending on manufacturer and mileage terms.
What does the warranty cover?
Essentially, the warranty covers anything that is considered to be a manufacturing defect. So, anything that is wrong with the car that has not been caused by an external influence.
For example, say you had an oil leak from a rocker cover gasket. If the seal has prematurely perished, this is a manufacturing defect and would be covered on the warranty. If the seal has been ripped off by an external influence, however, it would not be covered in the warranty. It’s pretty straightforward.[vc_single_image image=”35057″ img_size=”article-image”]So, we’ve established what is covered in the warranty but what isn’t covered?
The warranty does not cover;
- Anything wear and tear related
- Anything that is down to driver abuse
- Anything that has been caused by the driver failing to maintain the vehicle as per the manufacturer’s guidelines.
This is essentially things such as;
- Brake pads
- This is if it’s due to the driver riding the clutch constantly whilst changing gear
- Engine failure
- Again, this is if it’s due to the driver not maintaining the vehicle correctly.
Does the Warranty Differ Between Manufacturers?
.The length of your warranty will vary between manufacturers. The length is also dependent on two things;
And, every manufacturer is different. Usually, a warranty lasts three years, but as I said, it does differ. Here are some examples of how the warranty can vary;
- A warranty on a Kia can last 7 years or 100,00 miles
- The warranty on a Mercedes, however, lasts 3 years but has unlimited mileage
- Peugeot’s warranties last 3 years. They allow unlimited mileage in the first 2 years of the warranty, but you are limited to 60,000 in the third.
- The warranty on a Nissan lasts 3 years with 60,000 miles
- Range Rover
- The warranty on a Range Rover also lasts 3 years but has unlimited mileage
- BMW also has a 3 year warranty with unlimited mileage
So, you can see how much the warranty differs between manufacturers. Generally, though, the warranty on a lease car will last for three years.
Can I Extend My Warranty?
As you may have noticed, the warranty on a car lasts about the same amount of time as the average lease agreement. However, if you have a longer lease agreement, you might want to consider extending it.
But, can you extend your warranty?
Yes, you can. Most manufacturers offer the option of extending the warranty through their website. It might also be possible for you to extend it at your local dealership, or through a third party. You can set up your extended warranty before the manufacturer’s warranty expires so it starts immediately after. This means that you are always covered.
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What does an extended warranty cover?
The cover on an extended warranty is generally quite limited.
For example, it does not cover things such as door seals because these are susceptible to perishing over a certain period. It also won’t cover wear and tear. So, if your car has done 80,000 miles and the clutch has failed, this is likely to be excluded from the warranty because the clutch plate is a wear and tear item. And, at 80,000 miles, it is more than likely going to be worn than have a defect.
Do I have to pay to extend my warranty?
If you do want to extend your warranty, then you will have to pay for it. This can cost anything from £299 per year to around £399 for two years. The extension will start from the date the manufacturer’s warranty expires.
How long does my extended warranty last?
The length of the extended warranty tends to be between 1 and 3 years. However, it does depend on how old the car is, and the total mileage the car has covered.
So, if your car has done 90,000 miles then the warranty company may only offer the chance to extend the warranty by a year. This is because it will be a much higher risk for the warranty company to cover any potential repair costs due to the high mileage.
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