CarZ launches extended warranty plans in India

It's available under three programs – Platinum, Gold and Silver, which will apply based on the car’s age and mileage.

Hyderabad-based multi-brand car service network "CarZ" has partnered with "Corporate Warranties India Pvt. Ltd." to launch extended warranty plans. It will be available for all car brands that are sold in India. Currently, CarZ has outlets in 11 cities in Andhra Pradesh & Karnataka. 

The Extended Warranty Plan:

The Extended Warranty Plan (EWP) will cover the cost of repair, component replacement and labour charges.

It's available under three programs – Platinum, Gold and Silver, which will apply based on the car’s age and mileage. According to the CarZ website, the breakdown is as follows:

• PLATINUM: Comprehensive warranty coverage applicable for vehicles aged less than 4 years or covered less than 60,000 kilometres from date of sale
• GOLD: Semi-comprehensive warranty coverage applicable for vehicles aged between 4 to 5 years or covered less than 80,000 kilometres from date of sale
• SILVER: Basic drive line coverage applicable for vehicles aged between 5 to 6 years or covered less than 1,00,000 kilometres from date of sale

Based on the selected option, the plan will cover the Engine, Gearbox (Manual or AT), Braking system, Diesel Injection System, Electricals, Fuel System, Propeller shaft, Axles, Suspension & Steering System. CarZ service advisors will be able to provide a more detailed breakdown of components covered under each system.

Points to note

• To avail of this warranty, the customer has to ensure & demonstrate that the vehicle has been serviced at prescribed intervals and maintained through the CarZ outlets.
• As of this moment, the EWP plan is unclear on the deductibles that the customer will have to bear for each claim.
• The maximum upper limit beyond which the coverage will not apply is 1,00,000 kilometres and 6 years of age.
• The average warranty offered by car manufacturers is for 2 years (standard) + 2 years (extended). The Gold and Silver program effectively offer extended warranty over and above the 2+2 years manufacturer warranty. Most car owners service their vehicles at the authorised dealership during the initial 3 - 4 years of ownership. It's obvious that CarZ is targeting the service & maintenance market post this period. 
• All claims will be settled by Corporate Warranties India directly with CarZ.
• The warranty is transferrable to another owner in case of vehicle sale.
• Please read the terms and conditions on the booklet very carefully.
• Is this deja vu for Corporate Warranties India? What Car offers Warranty.

Prices

Warranty rates are based on the engine displacement and fuel type:

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