Jan 122017
 
BMW 5 Series - What Car? Car of the Year 2017

BMW 5 Series – What Car? Car of the Year 2017

Last night saw the winners of the 2017 What Car? Car of the Year Awards announced during a prestigious ceremony at London’s Grosvenor House in Park Lane.

Every year, What Car? crowns the best cars on the market, and acknowledges outstanding manufacturers at its annual awards. Warranty Direct reprised its partnership role with What Car? as the event’s headline sponsor for the fifth year running and sponsored the individual City Car award category.

The awards are the accolades every manufacturer wants to win. More than 40 different cars competed across 18 separate categories, with What Car? awarding automotive prizes from the best city run-around and family hatchback on sale, to the best large SUV and sports car.

The most coveted prize, the What Car? Car of the Year award, was given to the best newcomer on the automotive scene, the BMW  5 Series.  There was a diverse array of brilliant models competing for the top prize, ranging from a Maserati Levante to a Ford Ka+.

According to What Car? the BMW 5 Series earned the top accolade due to its spaciousness, excellent finish and sophisticated infotainment system. The award marks the pinnacle of success for a motor and its creators and is an indication of a terrific year ahead for that model.

The Hyundai i10 - winner of the What Car? City Car award

The Hyundai i10 – winner of the What Car? City Car award

The City Car award, sponsored by Warranty Direct, was won by the Hyundai i10 due to it answering a range of strict criteria, including a keen list price with low running costs, ease of use and compactness to fit into small spaces.

Other awards were won on the night by the Audi A3 Sportback (Family Car award), the Audi Q7 (Luxury SUV award), Mazda MX-5 (Convertible award), the Renault Zoe (Electric award) and the Porsche 718 Cayman (Sports Car award).

Speaking about the results of last night’s ceremony, Philip Ward, COO of Warranty Direct said:

“The What Car? Awards epitomise one of the most celebrated events in the motoring calendar, recognising the outstanding achievements of individual car manufacturers and creating insight from which expert advice can be offered to consumers. It was a very memorable evening and we are thrilled the Hyundai i10 won our sponsored award for best City Car – especially as the competition this year was so fierce! We are also delighted to be working with our partner, What Car? for the fifth year running.”

Warranty Direct has sponsored the celebrated Car of the Year Awards since 2013, this year’s event marks the fifth year of the extended warranty company’s headline sponsorship.

For a full list of award winners please visit:  http://www.whatcar.com/awards/

Jan 092017
 

For many of us, our car is one of our most prized possessions and one of the most expensive purchases we’ll ever make.  Despite how careful we might be whilst driving and how well we look after our cars both on and off the road, anything could happen.  Being unlucky enough to have your car stolen and not recovered, or to be involved in an accident where your car is written off, is never beyond the realms of possibility.

In addition to the emotional strain these eventualities can put you under; there will inevitably be financial implications.  However comprehensive your insurance policy might be, if your vehicle is declared a “total loss” and you make a “total loss claim” to your insurer, most insurers will only pay out the current market value of your vehicle at the time of incident.  This could leave you with a shortfall of thousands of pounds in comparison to the purchase price of the car, meaning that if you want to replace it with a like-for-like you’ll have to make up the outstanding balance.

To guard against this potential cost in the event of a total loss claim, you can cover yourself with a GAP (Guaranteed Asset Protection) insurance policy, to cover the difference.

How GAP insurance works:

When buying a new car for, say, £20,000, a consumer takes out both a comprehensive motor insurance policy and a GAP insurance policy. Over the course of the first three years of ownership, which is when a new car depreciates the most, the market value of the car may fall to, say, £12,000.

If an accident then happens or the car is stolen but not recovered, a total loss claim would need to be made. When the claim is approved, the motor insurer would pay out the market value of the car (the £12,000) and GAP insurance covers the outstanding balance of £8,000, which covers the remaining amount of the car’s original purchase value.–

What cover is available:

There are commonly three types of GAP insurance available, and at Warranty Direct we pride ourselves on arranging flexible policies that can cater to new or used cars either purchased from a dealer or privately*. The three types of policies offered by Warranty Direct are:

  • Vehicle Replacement Insurance (VRI) – this covers the difference between what the motor insurer pays out and the cost of a brand new car of the same make, model and specification. This policy gives you cover even if the manufacturer’s prices have increased since buying the original car.
  • Return to Invoice Insurance (RTI) – this covers the difference between what the motor insurer pays out and the original invoice price paid for the car.
  • Return to Value Insurance (RTV) –this covers you  for the difference between what your motor insurer pays out and the value of the car at the time when the GAP policy was purchased (which doesn’t need to necessarily be when you bought the car)

 

Other factors to consider:

As with most insurance policies, there are some limitations to Warranty Direct’s GAP Cover Insurance which you should be aware of before taking out a policy. Below are the most significant ones:

  • If your motor insurer doesn’t pay out on your total loss claim then you will be unable to claim on your GAP insurance, as the two go hand-in-hand.
  • Your GAP cover will be invalidated if the vehicle is written off due to an accident where the driver is under the influence of alcohol or drugs.
  • Warranty Direct’s GAP Cover insurance isn’t available for electric cars, motorbikes, vehicles modified from the manufacturer’s specification or vehicles which are used for pacemaking, speed testing, other competitive events, or for hire or reward.
  • The incident leading to the total loss of the insured vehicle must occur within Great Britain, Northern Ireland, Isle of Man, Channel Islands or the European Union.

It is of course important to consider the pros and cons of any policy of insurance and make sure you read the full terms and conditions in order to understand exactly what the policy entails and see whether it is right for you. You can obtain a copy of Warranty Direct’s full GAP policy terms and conditions from our website. Carefully considering all the factors such as the ones above will give you the freedom to pick a policy you know is right for you and prevent ill-informed decisions, which could lead to costly consequences.

Why Warranty Direct:

We’ve been providing GAP insurance since 2011 and are one of the leaders in the industry. With the cost of our GAP cover starting from just £136 for three years**, we aim to provide competitive and affordable cover which will help you avoid being out of pocket in the unfortunate event that your car is written off or stolen and not recovered.

Find out more about our policies here, so you can plan how best to cover yourself from potential financial loss.

* Types of product available subject to car eligibility criteria. See www.gapcoverinsurance.co.uk for more information.

**Price is based on a 3 year Return To Invoice policy for a Ford Focus 1.6 TDCI with a £5,000 claim limit.

Warranty Direct’s GAP Cover Insurance policies are underwritten by LAMP Insurance Company Limited, whose registered office is Suite 934 Europort, Gibraltar, company number 93562. LAMP Insurance Company Limited is licensed and regulated by the Gibraltar Financial Services Commission under the Financial Services (Insurance Companies) Act. Policies are administered by Warranty Direct Limited, Quadrant House, 20 Broad Street Mall, Reading, RG1 7QE, company number 3233010. Warranty Direct limited is authorised and regulated by the Financial Conduct Authority.

Jan 062017
 

Warranty Direct are delighted to announce that they will reprise their role as the headline sponsor of the What Car? Car of the Year Awards for the fifth year running. The event will be held at a prestigious ceremony at London’s Grosvenor House in Park Lane on Wednesday 11 January, 2017 and we are already counting down the days until the event!

The What Car? Car of the Year Awards, in association with Warranty Direct, are the accolades every manufacturer wants to win. Only the cars setting the standards for their respective class are nominated, with various manufacturers competing for the top prize in motoring – the What Car? Car of the Year Award.

What Car? is the UK’s biggest car-buying brand and has been helping Britain’s car buyers make purchasing decisions for more than 40 years. Their tests are widely regarded as the most trusted source of new car advice. In addition to being one of the headline sponsors, Warranty Direct will also sponsor the individual City Car Award category, revealing the best new city car currently on the market.

Current long-list contenders for the Warranty Direct sponsored City Car Award are the Hyundai i10, Skoda Citigo, Suzuki Celerio and Volkswagen Up.

When considering the nominations for what makes a great city car, the judges have strict criteria, considering a number of key factors such as:

  • A keen list price with low running costs
  • Ease of use. The best urban run-arounds should be effortless to drive and compact enough to fit into tight spaces and easy to see out of as well
  • Low prices should not entail poorly finished interiors or mean skimping on vehicle equipment lists
  • The best city cars should feel safe and composed on the motorway, so longer trips don’t become stressful or tiring

Speaking about the impending awards, our Chief Operating Officer, Philip Ward is full of enthusiasm in the build-up to the event:

“The What Car? Awards epitomise one of the most celebrated events in the motoring calendar. The Awards recognise the achievements of individual car manufacturers, creating results from which expert advice can be offered to consumers considering their next purchase. We are proud to be sponsoring the awards again, for the fifth year running and for continuing to work with such a strong partner.”

Other categories at the awards will include: Best small car, Family car, Convertible, Electric car, Sports car, to name but a few.

One thing’s for sure, we are all incredibly excited about the What Car? Awards, which not only honour the accomplishments of individual car manufacturers, but also the industry’s ability to revive and improve their products every year. There’s always a real sense of team spirit and support at the awards, which you don’t always experience across other industries.

With the awards mere days away, Warranty Direct will make sure our customers are some of the first to know about the results! Keep visiting our blog page and social feeds where we will share news about the awards as soon as they’re presented.

Warranty Direct provides extended motor warranty cover and can supply GAP Cover Insurance for brand new or used cars as well. For more information, visit us at www.warrantydirect.co.uk.