Tesco Personal Finance is launching three new car warranty plans to help families keep costs down in uncertain economic times.
The company has said that with the new car warranty plans, customers can now protect against the cost of their car repair bills from just GBP9.90 a month.
The car warranty plans can be taken out for almost any vehicle up to 10 years old-as long as it has fewer than 100,000 miles on the clock–and will protect motorists against the cost of most major mechanical and electrical faults, even if the car has been out of warranty for a few years.
Customers choose the repairer they want to fix the vehicle and Tesco Warranty Administration will settle the bills directly with that repairer. The cost of labor is covered, as well as the cost of parts.
There are three plans to choose from: value; standard and finest. Customers can pay in 10 monthly, interest-free installments. Tesco car warranty plans also cover customers while they are on holiday in other European Union member states, at no extra cost.
Allan Burns, head of insurance at Tesco Personal Finance, said: Our warranties come with the Tesco quality and value-for-money our customers trust, and we’re sure there’ll be a heavy demand for them.