What is the difference between a warranty, a maintenance plan and a service plan
When purchasing a new car, the buyer often receives the option of a pre-paid car care plan of some sort. These plans are sometimes complicated and intimidating. However, if you research them properly and agree on favourable terms, they can be financially beneficial in the long run.

Warranty Overview
A warranty plan, also known as a manufacturer's warranty, is a guarantee provided by the vehicle's manufacturer that covers the cost of repairs and maintenance for a specific period of time or mileage. This type of coverage is included in the price of the vehicle when it's new and it may include different levels of coverage, such as powertrain, bumper to bumper, etc.

Service Plan Overview
A service plan, as well as a maintenance plan, is separate from a warranty. While a warranty covers manufacturing errors and failures, a service plan focuses on specific scheduled vehicle services generally within the first few years of purchase. Car manufacturers sell service plans, and they cover the most basic of car care services with monthly payments instead of instant costs. Each service plan is slightly different, but in general cover some of all of the following: fluids such as brake fluid, coolant, oil, transmission fluid and gearbox oil; all filters including oil, fuel, pollen and air; spark plugs; tyre rotations and cam belts.

Service plans do not cover complex wear and tear instances such as with brakes, engine breakdowns or clutch failures. Service plans start when you purchase the car and last for a pre-determined number of years or kilometres. In general, the lengths are near three years and 100 000 kilometres.

Maintenance Plan Overview
A maintenance plan includes all the benefits of a service plan, but also adds protection for replacement and repair of various wear and tear parts. Maintenance plans last for a set amount of years or kilometres, just like service plans. Sometimes maintenance plans are longer due to the fact that many wear and tear issues do not arise early in a vehicle's life span. There are many protected parts in a maintenance plan, and some of the most important include the clutch, exhaust, battery, brake pads, steering components and engine. These more comprehensive plans only apply if the owner performs or purchases basic services at proper times. Maintenance plans do not cover driver error events.

What is the difference between a topup plan and a extension plan
A top-up plan and an extension plan are types of coverage that can be added to an existing vehicle service plan, warranty plan, or maintenance plan. A top-up plan is an additional coverage that can be purchased to supplement an existing plan, while an extension plan is a type of coverage that can be purchased to extend the coverage period of an existing plan.

Top-up Plan Overview
A top-up plan is an additional coverage that can be purchased to supplement an existing plan. It provides additional protection beyond what is already covered by the original plan, and can be used to cover additional components or services not covered by the original plan. For example, a top-up plan for a vehicle service plan may cover additional components such as the transmission, while a top-up plan for a maintenance plan may cover more frequent oil changes or additional services.

Extension Plan Overview
An extension plan is a type of coverage that can be purchased to extend the coverage period of an existing plan. It allows the vehicle owner to continue to receive coverage beyond the original plan's expiration date, and can be used to cover the vehicle for an additional period of time or mileage. For example, an extension plan for a vehicle service plan may extend the coverage period for an additional 2 years or 50,000 miles.

WHAT HAPPENS WHEN THE MANUFACTURERS WARRANTY EXPIRES?

When your car was new it will have been protected by a warranty supplied by the manufacturer. Typically this will cover you for 3 years or 60,000 miles after the date of manufacture against defects that may cause your car to malfunction. The manufacturer will then replace or repair the vehicle at no cost to you.

After the manufacturer’s warranty expires you can choose to extend the warranty cover on your vehicle with an extended car warranty.

The Warrantywise extended car warranty is designed to offer similar protection to that which your manufacturer supplied when your car was new. In effect you are extending your protection against mechanical or electrical breakdown and protecting your bank balance if your car goes wrong.

What other type of policies or plans are commonly associated with vehicle assets?
Each policy or plan may have different terms and conditions, coverage limits, and exclusions, so it's important for the customer to understand the details of each policy before purchasing.

GAP insurance Overview
This type of insurance coverage is designed to cover the difference between the actual cash value of a vehicle and the outstanding balance on a car loan or lease, in the event that the vehicle is stolen or declared a total loss.

Roadside assistance Overview
This type of coverage provides assistance to vehicle owners in the event of a breakdown, flat tire, or other emergency while on the road. Services may include towing, jump-starting, or lockout assistance.

Rental car coverage Overview
This type of coverage helps pay for the cost of a rental car while the vehicle is being repaired or replaced as a result of a covered loss.

Glass coverage Overview
This type of coverage helps pay for the cost of repair or replacement of a damaged windshield or other glass on the vehicle.

Personal injury protection (PIP) Overview
This type of coverage helps pay for medical expenses, lost wages, and other expenses related to injuries sustained in an accident, regardless of who is at fault.

Insurance Overview
Liability coverage helps pay for damages or injuries that you cause to another person or their property while operating your vehicle.
Collision coverage helps pay for damages to your vehicle if you are at-fault in an accident, or if your vehicle is damaged in a non-collision event such as theft, vandalism, or natural disaster.
Comprehensive coverage helps pay for damages to your vehicle if it is stolen or damaged by something other than collision, such as theft, fire, or fallen tree.