Owning a car can come with a number of other expenses. As a car owner, not only do you have to worry about rising fuel costs, but you also have to consider how much it costs to have a motor plan.
Having a motor plan is often viewed as a grudge purchase by many people, but having one is important.
Even though it’s about affordability, it’s also about making sure that you’re covered in the event that your car needs servicing. The reality is that the cost to repair out-of-warranty vehicles can be huge. The older a vehicle is, the higher the probability for mechanical or electrical failure. (You can expect to pay anything between R5000 and R10 000.)
With a motor plan, a customer is guaranteed access to approved dealerships, original manufacturer-approved equipment, approved parts, state-of-the-art technology as well as trained technicians.
Having a motor plan allows you to benefit from repair work to all major components.
Not only are payments for services for the duration of the contract included, but wear and tear and mechanical failure costs are also covered.
Replacing your motor plan when it expires is important and ensures that you have enough cover in the event of a mechanical breakdown. The last thing you need is to have this happen when your motor plan has expired. This would leave you saddled with costs running into the thousands of rands, leaving you out-of-pocket.
Before granting an extended warranty, manufacturers will take into account a vehicle’s age and mileage. For an older vehicle, it’s advisable to consider a warranty to cover unforeseen repairs.
Benefits of replacing your motor plan when it expires
- Protection from costly mechanical repairs
- Peace of mind
- Affordable monthly motor plan payments
- Vehicle longevity, because your car will be serviced by qualified mechanics