Apr 17 2020
Who Gives You The Best Warranty For Your Novated Lease
Every new car is covered by a manufacturer’s warranty. This is a legally enforceable promise made by the manufacturer to take responsibility for any faults that occur in a motor vehicle during the warrant period.
It gives every new car buyer peace of mind, however not all brands offer the same warranties.
Generally, manufacturers’ warranties can range from three years or 100,000 kilometres of coverage, up to seven years or unlimited kilometres.
When it comes to warranties, it’s important to do your research surrounding what suits your lifestyle, to ensure you’re receiving the best possible deal.
How does it work?
If your car has a defect that is covered by the warranty, firstly contact the dealer you purchased your car from. The dealer must legally resolve any problems or defects covered by the warranty. All costs, both labour and materials, will be borne by the manufacturer.
What restrictions usually apply under a car warranty?
Exclusions will differ between each manufacturer. Generally, the most important restriction that applies to a car warranty is that cosmetic damage or wear and tear that occurs to the car are not included, even during the warranty period. The warranty also doesn’t cover:
- Damage to the car resulting from an accident
- Damage resulting from misuse of the car
- Items that tend to wear out overtime, eg. Brake pads and tyres
- Routine servicing and maintenance
What happens to my warranty if I don’t service the car?
In some cases, skipping scheduled servicing could put your warranty in doubt. There is a minimum level of care you have to demonstrate. Remunerator recommend servicing your car according to the manufacturer’s servicing schedule to avoid any doubt.
Do used cars come with warranties?
A statutory warranty also applies to use cars as long as they are sold by a dealer, are less than 10 years old, have less than 160,000 kilometres on the odometer, and are under the luxury car tax threshold. Statutory warranties for used cars are valid for three months or 5,000 kilometres from the date of purchase. The time period and criteria of the statutory warranty will vary from state to state, so contact your state’s consumer body for more detailed information.
Here is a breakdown of each manufacturer’s standard warranty for new, privately-owned cars. Some of these warranties may differ due to limited-time offers on certain models.
Alfa Romeo: 3-year/150,000kms
Alpine: 3-year/unlimited km for the first 2 years, limited to 100,000km for the third year
Aston Martin: 3-year/unlimited km
Audi: 3-year/unlimited km
Bentley: 3-year/unlimited km
BMW: 3-year/unlimited km
Citroen: 5-year/unlimited km
Fiat: 3-year, 150,000km
Ferrari: 3-year/unlimited km
Ford: 5-year/unlimited km
Genesis: 5-year/unlimited km
Great Wall: 5-year/150,000km
Haval: 7-year/unlimited km
Honda: 5-year/unlimited km
Hyundai: 5-year/unlimited km
Jaguar: 3-year/100,000km (with a limited-time offer of 5-year/unlimited km until June 30, 2020)
Kia: 7-year/unlimited km
Lamborghini: 3-year/unlimited km
Land Rover: 3-year/100,000km (with a limited-time offer of 5-year/unlimited km until June 30, 2020)
Lotus: 3-year/unlimited km
Maserati: 3-year/unlimited km
Mazda: 5-year/unlimited km
McLaren: 3-year/unlimited km
Mercedes-Benz: 5-year/unlimited km
MG: 7-year/unlimited km
Nissan: 5-year/unlimited km
Peugeot: 5-year/unlimited km
Porsche: 3-year/unlimited km
Ram: 3-year/unlimited km
Rolls-Royce: 4-year/unlimited km
Renault: 3-year/unlimited km for new Kangoo, Trafic, Master and Clio RS, 5-year/unlimited km for everything else.
SsangYong: 7-year/unlimited km
Subaru: 5-year/unlimited km
Suzuki: 5-year/unlimited km
Tesla: 4-year/80,000km (battery and drive unit warranty varies according to model)
Toyota: 5-year/unlimited km
Volkswagen: 5-year/unlimited km
Volvo: 3-year/unlimited km, moving to a 5-year/unlimited km warranty shortly.