The independent insurer has recorded a significant 110 percent increase in motorists looking to extend their manufacturer warranty against the same period last year.
The trend is a clear indication that car owners are keeping hold of their current models for longer rather than opting to buy new, according to Warranty Direct. “22 percent of our most recent policies have been on September ‘53’ plate cars – those just coming out of the manufacturer’s three-year protective umbrella,” says Duncan McClure Fisher of Warranty Direct.
September is traditionally one of the busiest for new car sales, with thousands trading in their current model as the spectre of reliability, and the resultant cost of repair, rears its head. McClure Fisher says: “Given the sound cover afforded by the manufacturer in years one to three, this is understandable.
“However, people are thinking twice at the moment about buying new, but at the same time, they are still wishing to have the peace of mind traditionally associated with owning a new car – that is no repair bills.”
Market leading cover from Warranty Direct, which includes protection against consequential loss and wear and tear, is available from an average of just £280 year. Best sellers amongst the general public, like the Peugeot 206 or Citroen Xsara Picasso, can secure comprehensive cover for £250 and £270 a year respectively*.
Cover from Warranty Direct starts from as little as £200 per year, and is available on all vehicles between three and ten years old. Call 0800 731 7001 or log on to www.warrantydirect.co.uk for a quote.