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Offline sidetrack

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Mechanical breakdown warranty a must when buying 2nd hand ?
« on: January 09, 2019, 04:08:58 pm »
As per heading I have never had to take one out in the past, is this a must when anyone buys a bike or car 2nd hand ?
« Last Edit: January 09, 2019, 04:25:56 pm by sidetrack »
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Offline Casting from Turd

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #1 on: January 09, 2019, 04:31:18 pm »
As per heading I have never had to take one out in the past, is this a must when anyone buys a bike or car 2nd hand ?

I always take one out...

And they do help a lot
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Offline buzzlightyear

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #2 on: January 09, 2019, 04:54:01 pm »
I've taken it out on 3 cars before, on 2 of the three it covered me. Did not take it out on my Hilux, it's been five years. On my current car the policy expired in 2004, been driving it since then, just paid to replace wear and tear parts, since I have no monthly payment. On recent cars I would get it, they have complex/more expensive stuff like dual-mass flywheels, etc to reduce vibration. At least the policy can give you peace of mind for the first year or two.
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Offline manxkipper

Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #3 on: January 09, 2019, 05:00:51 pm »
Its just insurance. Depends on how much risk you can or are prepared to take. Buying wisely will offset that risk somewhat.

Read the fine print on the policy to ensure you are aware of the exclusions as not all policies are equal.
 

Offline Omninorm

Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #4 on: January 09, 2019, 05:13:29 pm »
As per heading I have never had to take one out in the past, is this a must when anyone buys a bike or car 2nd hand ?

I always take one out.
Had to claim from 2 and they both paid out. One was R23 000 and the warranty cost me R4900 at the time. One paid out R8000 warranty was R6000.
However i've had probably about 6 other warranties I never claimed from as I never had issues with the vehicles :)



« Last Edit: January 09, 2019, 05:14:23 pm by Omninorm »
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Offline Ganjora

Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #5 on: January 09, 2019, 05:41:12 pm »
When financing a second hand vehicle, some companies insist.
Did a private to private purchase via Wesbank 5 years ago - they insisted.
Did a dealer to private purchase via MFC 6 months ago - not required, and not taken.
 

Offline Neo_za

Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #6 on: January 09, 2019, 05:47:10 pm »
Depends on the vehicle - if Ford or French, sommer take two.
 
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Offline fcprinsloo7@gmail.com

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #7 on: January 09, 2019, 05:59:20 pm »
Depends on the vehicle - if Ford or French, sommer take two.

 :imaposer: :imaposer: :imaposer:
 

Offline Oshkosh

Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #8 on: January 09, 2019, 06:00:23 pm »
Depends on the vehicle - if Ford or French, sommer take two.
French Yes, Ford BS! My ZUPTA 2c
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Offline TheBear

Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #9 on: January 10, 2019, 09:15:39 am »
Just check the fine print.  Some cleverly worded policies exclude "normal wear and tear" and precious little can go wrong with an older vehicle that cannot be blamed on "normal wear and tear".
.#BRADICAL!
 

Offline Kortbroek

Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #10 on: January 10, 2019, 09:51:42 am »
I did a proper inspection of my car before I bought. Also did my research so fairly certain I won't have any big ticket items.

Wesbank also insisted on a mechanical breakdown warranty. I convinced them to let me opt out. They can't force you to take this just like they can't force you to take a life insurance policy for the loan. In my case if I die wesbank gets a bakkie, not my problem  ;)
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Offline ChrisL - DUSTRIDERS

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #11 on: January 10, 2019, 10:08:54 am »
If you were thinking of getting a extended warranty for the 600 Tenere you've just bought, I have got sad news for you :deal: ;) :lol8:
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Offline the_BOBNOB

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #12 on: January 10, 2019, 10:13:16 am »
I guess it depends on your exposure.

If you are buying a sub R200k Nissan, Toyota, Ford then your exposure is low.
If you are buying a R500k+ Porsche, Jaguar or some exotic then you have very high exposure
 

Offline sidetrack

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #13 on: January 10, 2019, 10:30:37 am »
If you were thinking of getting a extended warranty for the 600 Tenere you've just bought, I have got sad news for you :deal: ;) :lol8:
:imaposer: Well it does have a bit of wear and tear  :imaposer:
Little by little, one travels far

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Ride reports :
http://www.wilddog.za.net/forum/index.php?topic=134175.0 Penge's pass and the Old Forest http://www.wilddog.za.net/forum/index.php?topic=9421.0 - Orange Atlantic adventure http://www.wilddog.za.net/forum/index.php?topic=7514.0 - 805 km day trip http://www.wilddog.za.net/forum/index.php?topic=20260.0 - East Cape Bash http://www.wilddog.za.net/forum/index.php?topic=70199.0 - Two KTM thumpers head north
 

Offline ChrisL - DUSTRIDERS

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #14 on: January 10, 2019, 10:52:23 am »
If you were thinking of getting a extended warranty for the 600 Tenere you've just bought, I have got sad news for you :deal: ;) :lol8:
:imaposer: Well it does have a bit of wear and tear  :imaposer:
:laughing4: :laughing4: :lol8: :lol8:
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Offline LouisXander

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #15 on: January 10, 2019, 11:27:16 am »
Nee wat Jaxcques, jy moet maar die warrentee wees!!   :imaposer:
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Offline McSack

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #16 on: January 10, 2019, 03:06:15 pm »
If you do decide to take out a policy, make sure you do some googling wrt claim payment issues for the relevant "administrators" and read the fine print (a few times) before handing over your hard earned cash
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Offline 2wdrift

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #17 on: January 10, 2019, 03:40:03 pm »
I've been quite lucky thus far when it comes to buying used cars.

I always do a lot of research regarding issues on the particular model of vehicle I am looking at, and I inspect the vehicle from the front bumper to the rear bumper before buying.

I bought my current vehicle after spending about a year looking at them and reading up on the issues and what they cost and the like. I paid below market value for my vehicle and I had the money handy for preventative maintenance and the two issues that it has had. No warranty.

I have taken out a warranty on a used vehicle before but never used it.

If I were to buy a newer vehicle, or something like a landfailure disco I would get the best warranty I could find.
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Offline m0lt3n

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Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #18 on: January 10, 2019, 03:51:24 pm »
I have some high risk vehicles and no warranties (except on Land Rover I was forced to take one, wont renew it though). Don't like them.

Remember the amounts mentioned that they paid out is inflated. there was no effort to source cheaper aftermarket or secondhand parts.
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Offline TheBear

Re: Mechanical breakdown warranty a must when buying 2nd hand ?
« Reply #19 on: January 10, 2019, 04:38:12 pm »
I did a proper inspection of my car before I bought. Also did my research so fairly certain I won't have any big ticket items.

Wesbank also insisted on a mechanical breakdown warranty. I convinced them to let me opt out. They can't force you to take this just like they can't force you to take a life insurance policy for the loan. In my case if I die wesbank gets a bakkie, not my problem  ;)

True, but they can decline the loan.
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