Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




1202 posts

Uber Geek
+1 received by user: 55


Topic # 222621 21-Aug-2017 08:47
Send private message quote this post

I'm looking to buy a 2008 model car with 210,000km on the clock, used from day 1 as a rental car, meticulously serviced, and quite cheap price ($5500).

I'm wondering if it's worth purchasing mechanical breakdown insurance?

I've been offered 3 years of provident insurance for $1400.

I've done about 400,000km in my personal cars, and worst non foreseen issue was water pump, which took 400km to completely fail... So I don't know if I've been exceptionally lucky or whether cars these days are just pretty good these days for reliability.

View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2 | 3
13102 posts

Uber Geek
+1 received by user: 2163

Trusted
Subscriber

  Reply # 1849623 21-Aug-2017 08:58
One person supports this post
Send private message quote this post

My 2003 Corolla, ex rental, has done 200,000km, about half of that by me. It's had some kind of ignition coil problem and a door automatic lock fail, otherwise no work required. Not sure I'd bother if it's been well serviced.





AWS Certified Solution Architect Professional, Sysop Administrator Associate, and Developer Associate
TOGAF certified enterprise architect
Professional photographer


2471 posts

Uber Geek
+1 received by user: 910

Subscriber

  Reply # 1849634 21-Aug-2017 09:07
Send private message quote this post

It depends on your expectation if something does go wrong. Personally, I would probably not go for it, and if something goes wrong just replace the car. However, if you intend to keep it long term, I would go for it, provided you understand the requirements/implications (e.g. many won't let you service it yourself to maintain the insurance). You're buying a vehicle that's at about the point where some less-considered items are probably starting to be quite worn if they haven't been replaced, such as suspension etc.





Windows 7 x64 // i5-3570K // 16GB DDR3-1600 // GTX660Ti 2GB // Samsung 830 120GB SSD // OCZ Agility4 120GB SSD // Samsung U28D590D @ 3840x2160 & Asus PB278Q @ 2560x1440
Samsung Galaxy S5 SM-G900I w/Spark

 
 
 
 




1202 posts

Uber Geek
+1 received by user: 55


  Reply # 1849656 21-Aug-2017 09:29
One person supports this post
Send private message quote this post

As an aside, if you look at a Suzuki motorcycle warranty exclusions, deduct all listed items from the bike, seems the only things left are the frame and wiring loom.

Looking at this policy, there are a lot of exclusions but not quite so extreme. However I don't like the idea that if a fault can't be pinpointed, they won't cover, unless you pay for diagnostic disassembly, then they will make a call, could end up being no and then your not only left with broken down car but now a garage bill as well.

I've mostly owned $2000 cars so it's no worry to walk away if something major goes wrong. I bought a brand new car to be covered by warranty so it's not my problem. But there's that area in-between say $5000-$15000 cars where if something goes wrong the investment is too high so it really would have to be repaired.

My feelings in this case is they claim the car to be well serviced throughout it's lifetime, mechanically faultless, so maybe I'm better to keep that $1400 in my pocket, and just hope in a 3 year period any repairs are paid for by this amount saved? I guess any claim also has an excess, I don't recall what that was but I think I saw $300 as being standard?

1981 posts

Uber Geek
+1 received by user: 940


  Reply # 1849671 21-Aug-2017 09:58
Send private message quote this post

I never take up those mechanical warranties.

 

Firstly, *they* are trying to sell them to you. They are the ones who expect to make money, and quite a lot of it if the amount of effort going into selling it is anything to go by. In which case, they expect to spend a lot less on repairs to your car than you're going to pay them.

 

Secondly, if you're buying from a dealer, there's the CGA. Depending on when and what happens, the dealer could very well be liable for the repairs, not you. In which case you would be paying for mechanical insurance to cover their liability.

 

The caveat here is whether you'll be able to fix/replace the car if it *does* break down. If you put that $1400 into a bank account, it would cover pretty much any mechanical failure that didn't involve complete replacement of the engine or gearbox. But can you lay your hands on another $1000 to spend in case the water pump should fail and the engine overheat and seize and need to be replaced? Or another $4100 to buy a replacement car? If not, and the car is a necessity, then mechanical insurance might be sensible. But perhaps shop around to see what else is on offer.

 

Also watch out for the conditions on the warranty... if it requires regular servicing by some specific organisation, the servicing costs may make the warranty even more expensive. For example, you might end up paying $200+ each time for oil changes that you could do yourself for $50.

 

 


1432 posts

Uber Geek
+1 received by user: 113

Subscriber

  Reply # 1849678 21-Aug-2017 10:09
Send private message quote this post

don't know about now. years ago brother bought Ford Sierra Wagon and bought full breakdown insurance.  When it broke down a few times as they did in those days, the insurance wouldn't cover it as said wear and tear. Don't matter what, they could get out by saying due to normal wear and tear. So wasn't worth the paper it was written on


600 posts

Ultimate Geek
+1 received by user: 368


  Reply # 1849722 21-Aug-2017 11:03
Send private message quote this post

No. Don't waste your money.





"War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself."
- John Stuart Mill


Banana?
3965 posts

Uber Geek
+1 received by user: 824

Subscriber

  Reply # 1849751 21-Aug-2017 11:57
2 people support this post
Send private message quote this post

What brand of car?

 

210,000 kms sounds a lot, but if it has been properly serviced, and things replaced as and when needed, there is no reason it won't keep on going.

 

The things that are likely to go will be cosmetic and electrical I reckon (power windows, central locking, cabin/dash lights) which wouldn't be covered anyway.

 

For $5500, I'd be tempted to self-insure for mechanical issues.

 

Another way to look at it - what could you get for $6900? A similar aged car with less kms? A newer car?


364 posts

Ultimate Geek
+1 received by user: 82


  Reply # 1849762 21-Aug-2017 12:22
Send private message quote this post

I'd say no. I saw an Ad for Autolife Mechanical breakdown insurance, and a lot of stuff is not covered as it's considered 'wear and tear'. The 1400 you'd pay would just about cover water pumps etc.

 

https://www.autolife.co.nz/our-products/mechanical-breakdown-insurance/

 

 


Baby Get Shaky!
1460 posts

Uber Geek
+1 received by user: 326

Subscriber

  Reply # 1849764 21-Aug-2017 12:29
Send private message quote this post

My dad drives an ex rental (Mazda), its pushing 400,000K's now and has run without fault. He's kept it serviced and the rest just looks after itself. Apart from some dodgyness around the WOF when he got it (turned out the WOF was faked) I think the worst he's had to do is replace battery/tyres/oil/filters which I am sure no policy covers. Obviously every cars different but I gotta agree with @trig42, that $1400 could be better spent on self insurance or a slightly better car.


17026 posts

Uber Geek
+1 received by user: 2028

Trusted

  Reply # 1849786 21-Aug-2017 13:09
2 people support this post
Send private message quote this post

Rental car = probably beaten to submission by many drivers who have no vested interest in looking after the car.

I'd say it's not worth the $5,000. I'd offer $1,000 for that reason.

2705 posts

Uber Geek
+1 received by user: 1145


  Reply # 1849833 21-Aug-2017 13:54
One person supports this post
Send private message quote this post

Rental cars get thrashed...I would get it well checked out.  

 

On insurance - if you decide to get it read the conditions and exclusions VERY carefully.  IME normal wear and tear is usually the #1 exclusion reason and with 200k on the clock they could just about say anything is 'normal wear and tear'. I doubt it's worth the money.  Put the $1400 in the bank as a 'just in case' fund, if you don't need it then great at least it's still $$ in your pocket.  

 

 

 

 

 

 

 

 

 

 

 

 





Always be yourself, unless you can be Batman, then always be the Batman



886 posts

Ultimate Geek
+1 received by user: 319


  Reply # 1849846 21-Aug-2017 14:31
Send private message quote this post

scuwp:

 

Rental cars get thrashed...I would get it well checked out.  

 

 

 

 

The fastest car is always a rental.


Banana?
3965 posts

Uber Geek
+1 received by user: 824

Subscriber

  Reply # 1849862 21-Aug-2017 15:20
One person supports this post
Send private message quote this post

I've never thrashed a rental. Had a few.

 

I suppose people do, but most renters are probably quite careful - after all, the Insurance excess is a killer on them.

 

 

 

Unless its a Red rental, of course - Red and Rental = Give it the Jandal :)


1981 posts

Uber Geek
+1 received by user: 940


  Reply # 1849868 21-Aug-2017 15:26
Send private message quote this post

scuwp:

 

Rental cars get thrashed...I would get it well checked out.  

 

 

There's not a lot you can do to thrash a car these days; they have rev limiters and anti-knock sensors and automatic gearboxes and computers and stuff to make you play nicely. About the worst thing you can do to an engine is to give it the jandal when it's cold. And that's actually pretty commonly done in privately owned cars too.

 

 


13124 posts

Uber Geek
+1 received by user: 1538


  Reply # 1849883 21-Aug-2017 15:45
Send private message quote this post

Reliability can largely depend on the brand, and where it is made. What is it? I would check with the dog and lemon as to what is known to go wrong with the model you are looking at, as from my experience it will often show the problems you may face with it. 

 

 

 

What does the break down insurance actually cover? Is it full repair?


 1 | 2 | 3
View this topic in a long page with up to 500 replies per page Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Intel unveils the 8th Gen Intel Core Processor family for desktop
Posted 25-Sep-2017 19:45


Chow brothers plan to invest NZ$100 million in technology
Posted 24-Sep-2017 16:24


Symantec protects data everywhere with Information Centric Security
Posted 21-Sep-2017 15:33


FUJIFILM introduces X-E3 mirrorless camera with wireless connectivity
Posted 18-Sep-2017 13:53


Vodafone announces new plans with bigger data bundles
Posted 15-Sep-2017 10:51


Skinny launches phone with support for te reo Maori
Posted 14-Sep-2017 08:39


If Vodafone dropping mail worries you, you’re doing online wrong
Posted 11-Sep-2017 13:54


Vodafone New Zealand deploy live 400 gigabit system
Posted 11-Sep-2017 11:07


OPPO camera phones now available at PB Tech
Posted 11-Sep-2017 09:56


Norton Wi-Fi Privacy — Easy, flawed VPN
Posted 11-Sep-2017 09:48


Lenovo reveals new ThinkPad A Series
Posted 8-Sep-2017 14:37


Huawei passes Apple for the first time to capture the second spot globally
Posted 8-Sep-2017 10:45


Vodafone initiative enhances te reo Maori pronunciation on Google Maps
Posted 8-Sep-2017 10:40


Voyager Internet expand local internet phone services company with Conversant acquisition
Posted 6-Sep-2017 18:27


NOW Expands in to Tauranga
Posted 5-Sep-2017 18:16



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.