Feb 102005
 
Reliability IndexThe index below is based on our experience of the average claims cost per policy, which varies considerably by make of vehicle. This data has been collated into an index of the 18 most popular makes. In this index 100 is equivalent to the average claims cost per policy. Makes with higher index numbers cost above average, whilst those with lower figures cost below average. The index is based on all policies issued and is updated at six monthly intervals.

Position at Dec 1998

Make of Vehicle

Index rating at Dec     1998

Index rating at June     1998

Position at June 1998    

1

Fiat

40

23

1

2

Mazda

66

104

10

3

Ford

76

80

6

4

Mercedes

91

75

5

5

Honda

92

48

2

6

Mitsubishi

100

68

3

7

Rover

101

74

4

8

Volkswagen

102

90

7

9

Volvo

105

164

17

10

Vauxhall

107

97

9

11

Peugeot

111

96

8

12

BMW

114

144

15

13

Nissan

116

124

12

14

Saab

117

156

16

15

Toyota

119

132

14

16

Citroen

120

131

13

17

Renault

121

108

11

18

Audi

134

202

18

 

 

Feb 102005
 

New and Used CarsMotor Warranty Direct accepts Grey Imports
Motor Warranty Direct announced today that in response to pressure from the buying public, both new and used car comprehensive mechanical breakdown insurance is available on grey imports.
David McClure Fisher said “The flood of grey imports entering the UK shows no sign of slowing down. We have negotiated with Lloyd’s underwriters special rates for grey imports, giving peace of mind to motorist buying a grey import.”

Warranties are available on most makes and models imported whether new or used.

Feb 012005
 

Free MOT TestBritish motorists could be forking out up to six times more than they have to on spare car parts according to new research from independent warranty provider, Warranty Direct

Researchers compared the cost of new parts on a selection of four-year-old vehicles from the UK’s top ten selling manufacturers. Prices were gathered from franchised dealers, independent garages and high street motor accessory retailers on six common parts: starter motor, air-con compressor, wheel bearing, alternator, shock absorber and radiator.

By shopping around, motorists could save over £395 (169 percent) on an air-con compressor for a Mercedes E-Class if bought over the counter instead of at franchised dealer. In another case, a replacement wheel bearing for a Honda CRV cost 517 percent more from the dealer than the £21.88 charge from a motor accessory retailer.

The service and repair industry is worth over £10 billion annually.

Table Illustrating Frequency Of Failure According To Warranty Direct

Model Part Franchised   Dealer Independent   Garage Retailer Price   Difference
Honda   CRV Wheel   Bearing £135.13 £116.33 £21.88 517%
Vauxhall   Astra Wheel   Bearing £145.70 £111.63 £25.26 476%
VW   Golf Air   Con £528.75 £450.31 £169.42 212%
Mercedes   E Class Air   Con £630.00 £432.13 £234.04 169%
Peugeot   306 Shock   Absorber £79.43 £56.40 £21.88 263%
Ford   Focus Starter   Motor £191.58 £129.25 £91.85 108%
Citroen   Xantia Radiator £258.50 £107.00 £113.01 128%
Toyota   Previa Shock   Absorber £68.29 £80.82 £16.94 303%

The four-year-old cars analysed by Warranty Direct engineers would no longer be covered by the manufacturer’s traditional three-year aftersales warranty. “For anyone who has owned a car from new, this is the point when you really start paying for everything that goes wrong, and realise that it pays hugely to shop around,” advises Duncan McClure Fisher of Warranty Direct.

Motor accessory retailers proved to be the cheapest source for more than 8 out of 10 parts with an average saving of 65 percent. Franchised dealers and independent garages were equally cheapest in 9 percent of cases respectively.

Alarmingly, the gap between the cheapest and most expensive source was more than double for nearly half of the parts compared.

McClure Fisher adds: “Although there are still some dramatic disparities, some franchised dealers have started to recognise the need to slash prices on older vehicles in order to retain custom so it’s worth trying to haggle with them.” For example, franchised VW dealers were cheaper than independent garages on 5 out of the 6 parts analysed, yet Mercedes could only compete on one.