Future can be uncertain; have your vehicle covered for mechanical breakdown

Extended Warranty

An extended warranty is an mechanical protection policy that protects your vehicle’s mechanical and electrical components in the event of a failure. The amount of coverage you receive for each component is determined by the plan value. Expensive plans provide more coverage.

Oxcel Finance can provide extended warranties for all your new or used vehicles and protect you from potentially costly expenses for major repairs. Our extended warranty packages are affordable and provide comprehensive coverage for you and your vehicle.

Extended Warranty

Common questions about Extended Warranty

We do not charge clients but get paid brokerage & commission by the lenders where different lenders pay us differently & brokerage is included into the loan amount.
The commission doesn’t impact your rate where some lenders offer us Volume Based Incentives (VBI) for writing above a certain amount loan.

To qualify for an extended warranty, you must be:

  • Over 21 years old
  • Purchasing a car for personal use.

In addition, your car must be:

  • Registered in Australia
  • Less than 15 years old
  • Have done less than 250,000km.

The cost of your extended warranty will depend on your level of coverage, the length of the extended warranty, and the type of motor vehicle you are covering.

Benefits under an extended warranty are limited to the market value of the vehicle.

To make sure you remain covered by your extended warranty, you must not:

  • Use your car for business purposes, including UberEats, etc.
  • Use or test your car for motorsports
  • Modify your car in a way that effects the covered components.

You also need to stop driving your car immediately if you suspect that it has a fault.

Depending on the kind of extended warranty you purchase, you may be required to have your vehicle serviced every 10,000km or 6 months, whichever comes first. You will also need to submit evidence of each service to the insurer.

You are welcome to select your own (licensed) mechanic to perform regular servicing and maintenance for your vehicle. However, any repairs covered by your extended warranty will need to be conducted by a mechanic approved by the insurer.

You can cancel your extended warranty for any reason within 30 days from your application date. Any premiums you have paid will be fully refunded.