Extended service plan vs trade in

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LaPrinsipessa

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My vehicle has gone in for it's last 45 000km service today. Which basically means I need to now look at getting an extended service plan or trading in my vehicle. I bought the car with 35kms on the clock in November 2016 and have already done 45 000km - I travel for business. I'm so divided on what would be the better financial decision... paying an extra R600 to R700 a month on an extended service plan or just doing a trade in where I may still pay the same as I would getting the service plan or perhaps even less. I drive a Hyundai grand i10 1.25 motion and have been thinking that I would like to look at the Mazda 2 range, simply because Mazda offers a 3 year, unlimited km service plan... that would guarantee that I am able to drive the new one for 3 years no matter how much I end up traveling... What would you guys do in my situation?
 
How expensive is to service some of these cars that people would rather buy new cars just because their motorplan has come to an end. I drive a car with over 250,000km on the clock and it's not falling apart everytime i start it...
 
I guess the concern is more that something big could break rather than paying for a service. Happened to me recently, my car was out of service plan and something went wrong that I was quoted R75k to fix
 
I10 would be pretty cheap to service, but to keep you warranty probably forced to service at hyundai, not sure what they charge for service.

Might bet better to get that mazda with unlimted Km service plan.
 
walterl said:
I guess the concern is more that something big could break rather than paying for a service. Happened to me recently, my car was out of service plan and something went wrong that I was quoted R75k to fix
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Is that now to fix only, or you need to buy something?
 
walterl said:
I guess the concern is more that something big could break rather than paying for a service. Happened to me recently, my car was out of service plan and something went wrong that I was quoted R75k to fix
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Yep... That is my concern... I work on a strict budget. If I wasn't traveling for business I wouldn't even consider it... I drove my previous car for over 10 years when I was still office based. I purchased the new one when I hit the sump after going over a speed bump that had a massive pothole on the opposite end, did not know that my car was gushing oil that ended up damaging the engin and my insurance decided that the car is a right-off as the damage was too expensive when compared the value of the vehicle... unexpected repairs would be a disaster for me...
 
Buy the service plan. You pay a little more per month and you do pay interest for the lump sum but it's lekker knowing you don't have to spend money every now and again for a service.
 
Bond said:
Is that now to fix only, or you need to buy something?
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That was to fix the issue. I decided that it was crazy so I rather traded it in on a new one at the place that was going to fix it. They still gave me a fairly decent trade-in
 
What would the Mazda cost you extra per month? If it's close to the R600 or R700 per month what the extended warranty would cost, that would be better!
 
LaPrinsipessa said:
My vehicle has gone in for it's last 45 000km service today. Which basically means I need to now look at getting an extended service plan or trading in my vehicle. I bought the car with 35kms on the clock in November 2016 and have already done 45 000km - I travel for business. I'm so divided on what would be the better financial decision... paying an extra R600 to R700 a month on an extended service plan or just doing a trade in where I may still pay the same as I would getting the service plan or perhaps even less. I drive a Hyundai grand i10 1.25 motion and have been thinking that I would like to look at the Mazda 2 range, simply because Mazda offers a 3 year, unlimited km service plan... that would guarantee that I am able to drive the new one for 3 years no matter how much I end up traveling... What would you guys do in my situation?
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Plenty of Hyundais in my family and I can guarantee you that it will be cheaper to just put aside some money every month then to extend your service plan.
Services on the i10 is quite cheap.


walterl said:
I guess the concern is more that something big could break rather than paying for a service. Happened to me recently, my car was out of service plan and something went wrong that I was quoted R75k to fix
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You're confusing a service plan with warranty.
Service plan covers services only...
 
A service plan covers servicing (which is really just a car wash, and replacing some filters, oil, and sometimes spark plugs). A warranty covers things breaking. The average service on my Kia costs ~R3000 at the dealer, excluding brake pads, or discs that need replacing (not that Kia or Hyundai would cover that anyway, unless you had the maintenance plan, even then, not sure how much it would cover).

If you have an extra R600 / R700 to put in every month, save it, and you'll have enough to pay for the service and have leftover spending money.

I would never be able to justify replacing a car that's working fine just because my service plan ran out.
 
Get an extended mechanical warranty from someone like Hollard - I have their Motor Xtender DRIVE package & it covers major mechanical failures with a very generous coverage amount for most items that could break unexpectedly, outside of the normal regular service interval items.

https://www.hollard.co.za/car-insurance/motor-xtender

It is not expensive - around R 300 or so a month - and I have just successfully claimed against my policy for 2 replacement items - cooling & ignition components - and received R 4,000 payout (less R 500 excess) and R 3,000 payout (less R 500 excess) for them respectively.

They also cover you for service items (spark plugs, oil, air, fuel filters & oil) with a reimbursement of R 500 that you can claim for twice in a year.
 
Just pay for the service. Geez you wanna pay 600 a month, rather just save it and after 3-4 months you'd have enough you pay for it yourself.

What you do want to invest in is an extended warranty...
 
Ivan Leon said:
Get an extended mechanical warranty from someone like Hollard - I have their Motor Xtender DRIVE package & it covers major mechanical failures with a very generous coverage amount for most items that could break unexpectedly, outside of the normal regular service interval items.

https://www.hollard.co.za/car-insurance/motor-xtender

It is not expensive - around R 300 or so a month - and I have just successfully claimed against my policy for 2 replacement items - cooling & ignition components - and received R 4,000 payout (less R 500 excess) and R 3,000 payout (less R 500 excess) for them respectively.

They also cover you for service items (spark plugs, oil, air, fuel filters & oil) with a reimbursement of R 500 that you can claim for twice in a year.
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OP has a warranty for the next 5 years so this would be quite a waste of money
 
PsYTraNc3 said:
OP has a warranty for the next 5 years so this would be quite a waste of money
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Only saw now that her vehicle is still covered by the manufacturer's warranty as it is a 2016 Hyundai Grand i10.

Then just putting aside around R 300 a month would mean a lump sum of R 3,600 to cover the annual / 15,000 kms recommended service intervals.
 
Agree with Ivan.
Just put money aside monthly to cover the services.

How often do you service the car yearly twice or 3 times.
Car is still very new and only 2 years old.
 
The car is only 3 years , just get an extended service plan or find out how much a service is going to cost every year. You can look at getting new after 2 years.
 
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