Re: Used Car Warranty: worth it?
Yes, that does look like a good compromise. I hear the warnings about Warranty Direct, but even so their level of cover is very tempting:
£5k claim limit **
Total claims up to the value of the vehicle
Wear and tear cover **
Consequential damage cover **
Diagnostic costs (if resulting in a claim) **
Cracked engine block **
13 months cover **
£41.66 x 12 monthly payments (£500 p/a)
Will pay Alfa dealer rates
High contribution rates to recovery, car hire and emergency accom
** items are not covered (or are significantly less) with other warranties I have looked at (AA-£299, AXA-£378, VW-£345, click4warranty-£335)
This seems pretty good, although I am still wavering. £500 would go a very long way to paying off the credit card. But a thrown belt could run to 1000's.
The car is usually very well behaved. I think warranty companies prey on the fear factor - if I was rolling in dough I would just get the warranty and be done, but as money is tight it really makes the decision much harder. Planning for failure? Failure to plan?
Staring to sound like an old maid! More thoughts encouraged, and thanks for the comments so far!