Motor 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.
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%|
|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.