Bidvest Insurance explains what you should do when your motor plan expires.
One of the advantages of buying a new car is that it usually comes with a motor plan. But what happens when your motor plan expires?
What is a motor plan?
When you buy a brand new car, you’re often given the option to buy a motor plan. Some car brands package the motor plan into the price of their cars. A motor plan pays for various costs associated with servicing your car. This means you don’t need to pay for most service costs while the motor plan is in place.
What can I do when my motor plan expires?
When your motor plan expires, you’ll have to decide what to do next. Here are some of your best options:
Trade in your car
If you’re worried now that your car’s motor plan has expired, you could trade in your car. You could trade in your car for a new one. Your new car would then come with its own motor plan. This is a process some people do every three to five years.
Buy a third-party motor plan
If you love your car too much to let it go, you could buy a third-party motor plan. There are many third-party providers that sell motor or service plans for all cars. Unfortunately, Bidvest Insurance does not sell motor or service plans.
Pay upfront for services
You could also choose to cover the costs of services yourself. You would then have to cover the costs yourself each year when your car needs a service. If you choose this option, it may be best to put some money aside each month. Services can sometimes be expensive, especially for high mileage cars.
What other protection could I get for my car?
When your motor plan expires, you could also buy a Warranty. Bidvest Insurance provides various Warranty products.
Our Mechanical Warranty has your car covered for mechanical or electrical breakdowns. Warranties offset the repair and labour costs when breakdowns happen. Bidvest Insurance provides a range of Warranty products for cars of various ages.
A Mechanical Warranty from Bidvest Insurance covers major components including:
- Engine components.
- Steering mechanisms.
- Braking systems.
- Suspension systems.
- Fuel systems.
Avoid unexpected mechanical and electrical breakdowns. Get a Mechanical Warranty from Bidvest Insurance today.