How to choose the best warranty for your luxury car?

Purchasing the warranty is essential for all types of vehicles, but especially if you hold a luxury car the cost of repairing or replacing the components in it when damages occur would be highly expensive due to the advanced electrical and mechanical components in it. So, managing it without the proper warranty coverage would leave you with financial stress and make vehicle maintenance tough.

Nowadays most people across the UAE show increased interest in purchasing the warranty for their luxury cars. But are we purchasing it from a reputed provider in the locality with the proper warranty coverage? It is quite doubtful.

In this blog, we have clearly listed out certain important points that would make you purchase the best warranty plans for your luxury cars irrespective of the brands.

TIPS FOR PURCHASING THE LUXURY CAR WARRANTY ON THE UAE

Double-check the manufacturer’s warranty details

When you purchase luxury cars, it often come with a manufacturer’s warranty that covers certain repairs and services for a specific period or mileage. If your luxury car is under the manufacturer’s warranty, you need not worry about the protection and can be in complete peace of mind. But if the extended warranty of your car has expired, it is always good to get the extended warranty for your luxury car at the earliest to stay protected for a long time.

So, as a first step, take your time to understand the details of the manufacturer warranty of your luxury car before exploring extended warranty options.

Analyse extended car warranty options for luxury cars

Different car warranty providers across the UAE come up with different extended warranty plans specific to luxury cars, so it is essential to research different extended warranty options available in the market. While purchasing an extended car warranty for your luxury car, compare the coverage level and exclusions. Always choose the luxury car warranties that offer comprehensive coverage including some of the important and expensive components of your car like engine, transmission, suspension, electrical systems and many more.

Coverage length is the next important factor to consider. Either if you are planning to keep a car for a longer period or resell it in the market after some years, consider the plans that offer long-lasting coverage.

Are luxury car warranties that you shop transferable?

Having transferable car warranties is highly beneficial If you plan to sell your luxury car before it expires. Transferable car warranties increase the resale value of your car in the secondary market and make it attractive to buyers.

Think about deductibles & other costs

Each luxury car warranty plan would come with a specific level of deductibles, that you’ll be responsible for paying when making a claim. If the deductibles are higher, then purchasing such a plan will increase your out-of-pocket expenses. So carefully understand the deductibles of your car warranty plans.

Make sure there are no other hidden costs that come with the warranty plans for your luxury cars other than the stated amount.

Read the reviews about the provider carefully

Look for customer reviews of the warranty provider that you choose for purchasing the car warranty plans. Reading the reviews and testimonials of previous customers will provide you with valuable insights into the reputation of the companies and help you to make an informed decision.

Since you are going to invest a considerable amount of money in purchasing the warranties for your luxury car, there is nothing wrong with taking much of your time to research the provider.

Similarly analyzing the financial stability of the warranty provider is also a must, they must have a good claim settlement ratio in the past without any disputes with the customers.

Choose the customized warranty plans for your luxury cars

With most independent car warranty providers across the UAE, luxury car warranties can be specifically tailored based on the condition of your vehicle, needs and budget. So that you would receive maximum benefits out of it when needed.

By thoroughly researching and considering all the above-mentioned factors, you can make an informed decision when choosing the best warranty for your luxury car.

MP WARRANTIES – GET THE PREMIUM LUXURY CAR WARRANTIES IN THE UAE

At MP Warranties, we provide protection plans for all makes and models of cars including electric cars. If you are looking out for the ideal luxury car warranty plans just give us a call at 971 501 604 953.