COVER Warranty warning

Extended lease: beware t

● Shortage of new cars drives desire for extended lease deals ● If warranty expires, you’ll have to fix a car you don’t own

Tristan Shale-Hester

tristan _ shale-hester@autovia.co.uk @tristan _ shale

DRIVERS who have their car’s lease extended are facing hefty repair bills in the event of a fault, because the length of the warranty cover is not being increased at the same time.

A shortage of new cars has meant lease extensions are being widely offered with no changes to monthly payments or terms.

In cases where the lease is extended beyond the car’s warranty period, however, the warranty is not automatically extended.

This means that, should a fault occur, the customer is left having to fork out for a repair on a car they don’t even own.

One driver in this unenviable position is Kathy Hutt, who took delivery of her SEAT Ateca on a three-year lease through Volkswagen Financial Services (VWFS).

When Kathy’s Ateca lease ran out in July 2022, VWFS sent an E-mail offering her an “informal” six-month extension to take her through to January 2023, which said: “The terms and payments of the agreement on your Ateca will remain the same. ”

Kathy felt the extension would give her time to think about the car she wanted next, in light of long lead times. She signed up online, paying the same price as before.

Not long after this, her Ateca developed an issue where she sometimes couldn’t slot the gearlever into fifth and at other times it would jump out of gear. When she took the car to the dealer to have this investigated, she was told the car was out of warranty and she could face a bill of around £4,000 if it turned out to be a gearbox fault, including an as-yet-unknown fee for the initial check, £1,000 for a gearbox inspection and £3,000 for a repair/replacement.

Kathy feels “let down” and has raised a complaint about the situation. The outcome is unclear, but although she has the option to give up the lease, she’s worried about being left without a car because she can’t get to the school where she works without one.

“Finance is offered by the lenders, and the warranties are offered by manufacturers. There is no requirement for these to run with the same duration, ” explained Adrian Dally, director of motor finance at the Finance and Leasing Association. “The key is that customers need to know when their warranties expire, and decide whether they want to buy an extended warranty if they’re extending their finance agreement. ”

There is a feeling, however, that car makers and finance companies should be clearer about the terms with extended leases. Jack Cousens, head of roads policy at the AA, said: “When offering the chance to extend the finance package in these scenarios, [finance providers and manufacturers] should clearly spell out what is included and, crucially, what isn’t. Drivers should ask questions before accepting the offer. ”

Lawrence Whittaker, CEO of Warrantywise, said: “We can protect lease owners who are in extended leases without manufacturer warranty cover. We can help them take out a third-party plan with us to ensure they’re protected. Should the lady you speak about have taken out a warranty with us at the start of her lease extension and the end of her manufacturer warranty, she would have been well within her rights

OFFICIAL

“We can protect lease owners in extended leases, because they can take out a third-party plan with us”

Lawrence Whittaker CEO, Warrantywise

Skoda’s vision for 2023 Kodiaq

ALTHOUGH the Skoda Kodiaq large SUV was only facelifted last year, we’ve already spotted the second-generation model undergoing testing.

The new car will be based on Skoda’s MQB Evo platform, which means it could return with a plug-in hybrid powertrain. There’ll also be mild-hybrid models and pure-petrol and diesel engine options.

Expect revised styling, which could feature cues first seen on the brand’s recently revealed Vision 7S concept car, albeit toned down for this model that will also be fitted with ICE powertrains.

Inside, expect a pair of digital displays, while the Kodiaq will retain its seven-seat layout, making it the most practical model in the Skoda line-up. The new Kodiaq is scheduled for launch next year. FUTURE VISION

New Kodiaq could feature styling cues seen on Vision 7S concept

SPIED

Maserati Gra

AHEAD of the upcoming unveiling of the new Maserati GranTurismo, the brand has released images of the new car.

The new GranTurismo is clearly inspired by the firm’s MC20 halo model, but the large two-door GT also features an elegant, tapered roofline that references its predecessor. It will be offered in two trim levels – the Modena version seen in the images and a more focused Trofeo.

Both options will be powered by the brand’s twin-turbo V6 ‘Nettuno’ engine.

In addition, the GranTurismo will also be released as an all-electric ‘Folgore’ (which means lightning in Italian) model. This will feature three electric motors for a targeted 0-62mph acceleration time of around 2.6 seconds.