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Extended Car Warranty What Does It Cover

By | Extended Warranty

extended warranty what does it cover

Extended Car Warranty – what does it cover?

What is extended car warranty and what does it cover are some of the most common questions we are asked here at Obvi. Been given a detailed policy but still don’t know what the small print means? We’ve had the same experience. That’s why we decided to completely change the way that extended warranty and gap insurance were sold in Western Canada, making the process better for Canadian consumers.

At Obvi, we understand that it can be confusing to sift through pages and pages of policy information with complicated jargon, when all you really want is the facts written in the clearest possible way. That’s why Obvi has a no jargon policy written in simple terms, and an easy to understand exclusion list; if it’s not excluded, it’s included.

What is extended car warranty?

When you purchase a new vehicle, it will come with a manufacturer’s warranty which typically lasts for between 3-5 years. Extended car warranty is something you can choose whether to purchase or not, and can come in different forms, see previous blog explaining the differences.

The main reason why people buy extended warranty is so that they save money and don’t have to worry about sudden expensive car repairs. For some drivers, having large car repair bills can be too much of a strain on their finances. For others, they just want to save money and have peace of mind in knowing that they are covered.

Extended car warranty: what does it cover?

Depending on where you purchase your extended warranty from, the policy may slightly vary with what is included or excluded.

The main components that Obvi covers are;

  • Engine
  • Transmission
  • Steering
  • Drive Axles
  • Suspension
  • Brakes
  • Heating / Cooling
  • High-tech
  • Electrical

To find out more and see excluded components, check out our Warranty Brochure. We also explain in the brochure why certain components are excluded.

Obvi’s Extended Car Warranty

Why is Obvi’s extended car warranty the best option in Western Canada?

  • We cut out the middleman, meaning you save up to 70% compared to buying from the dealership
  • We keep everything simple and easy to understand
  • Our customer service is excellent – you can call us or chat with one of our live agents on our website
  • We are with you through the whole process, so if you have a claim, we will also handle your claims
  • There is no sales pressure – by going online, you can take your time and do your research. We won’t pressure you into making a purchase

Find out more about Obvi’s extended car warranty and get a free quote.

Guest Blog: Factors to Consider When Buying a Used Car

By | Inspiration

Factors to Consider When Buying a Used Car

A pre-owned vehicle can be a smart option when you want to purchase a decent ride without breaking the bank. New vehicles depreciate very quickly; according to wheels.ca, in the first few years of ownership, it can be more than a dollar an hour that gets pumped out of the car. 

Factors to Consider When Buying a Used Car

While used cars are a sensible option, there are still many things you need to consider before making a decision. The process can be confusing and stressful at times. Fortunately, you don’t need to be a car expert to get a good deal. Here’s what to pay attention to when buying a used vehicle.

The History of the Vehicle

One of the first steps of buying a used vehicle is learning its history. When purchasing a c, the dealer or owner may not provide you with all the information about the car. A VIN(vehicle identification number) check uncovers critical details about the car’s past and enables you to spot any red flags. 

A full VIN report helps you to know whether the vehicle has been involved in any accidents, has ever been extensively damaged, has a junk title, has changed hands many times before or it was recently recalled due to safety issues. The information revealed by a VIN check has the potential to sway your purchasing decision. Sites like VINCheck.info offer free, fast, and reliable online VIN lookup services.

The Exterior and Interior Condition

The outward appearance of a vehicle can tell you much about its condition. To get the perfect view, park the car on level ground. This will help you to see whether all parts are even and no side is sagging. On the exterior, start by inspecting the paint for dents and bends as they may indicate traumas that the car has previously suffered. Also check the tires, trunk, the exhaust, and the hood for signs of rust or any form of damage.

The next step is to check the interior of the vehicle. Sit on the driver’s seat and look at all dashboard components to ensure they are functioning. Also, ensure all the seats are adjustable. Check around for tears on the upholstery, and test the air conditioning, lights, wipers, and signals. To further protect yourself, bring along a certified mechanic to check whether the car is mechanically sound, as noted in The Guardian.    

The Results of a Test Drive

If the exterior and interior of the car are perfect, the next step is to go for a test drive. If possible, do the test drive in conditions that reflect those of your day-to-day driving. Preferably a busy road where you can test all the vehicle’s components in a real-life situation. Take note of how long the car takes to start, the effectiveness of the brakes, strange noises, vibrations, burning smells, and how the car responds to different actions. 

The Warranty

Factors to Consider When Buying a Used CarSome drivers view pre-owned cars as unpredictable, and decide they would like an extended  warranty in case they have car repairs. It helps lighten future financial burdens when your vehicle needs repair, as noted in a Forbes article. Find out more about extended warranty online in Canada with Obvi or get an instant quote

Final Thoughts

When scouting for a pre-owned vehicle, it’s essential you take your time and equip yourself with the right information. Start by checking the car’s history, performing a detailed inspection, and taking a test drive. These steps will help you decide whether to pull off with the deal, negotiate, or walk away.

Best GAP Insurance Canada

By | GAP Insurance

best GAP insurance canada

Best GAP Insurance Canada

You may have heard of products such as GAP insurance or extended auto warranty the last time you purchased a vehicle or insurance. However, if you don’t deal with them frequently it can be confusing understanding how the coverage works and what options are available.

GAP (short for guaranteed asset protection) insurance pays the difference between your remaining car loan balance and the settlement amount (the “gap”) from your auto insurance provider if your vehicle is considered a write off. Long-term loans, elevated interest rates, high vehicle prices, and negative equity rollovers mean most vehicle owners carry a loan much higher than the value of their car, truck, or SUV.

GAP insurance is often sold at the car dealership when you are purchasing a vehicle. You can make a one-off payment or it is more likely that you are encouraged to roll GAP insurance into your monthly payments. Obvi.ca has made GAP insurance available for online purchase in Western Canada, which is why we think Obvi has the best GAP insurance in Canada.

What are some negatives of how GAP insurance is traditionally sold?

Confusing policies – Some policies are difficult to read, with deliberately complicated terminology, misleading marketing, and complicated clauses. Obvi has tried hard to create easy-to-understand policies written in simple English so you aren’t left confused.

High price – Buying from the dealership can be expensive. Obvi cuts out the middleman meaning no dealer commission. Going direct online with Obvi also means you can avoid the difficult sales process. Obvi policies are priced fairly, and you save money.

Rolling into monthly payments – there is nothing wrong with paying monthly (Obvi now offers a 36 month payment plan). However, if you are encouraged to roll gap insurance into your monthly vehicle payments and are NOT given the total cost, then you can end up paying much more than you first realized. Obvi has simple and transparent prices so you can always see the total cost.

Obvi – the best GAP insurance in Canada

Obvi is disrupting the market in Canada by bringing GAP insurance online and in doing so, saving Canadians money. Why is going online with Obvi good for consumers?

  • Purchasing online rather than at the dealership means you can take your time to research and think about your purchase. There is also no sales pressure online so you don’t feel pushed into a decision.
  • You’re busy, why would you want to spend time calling people for quotes, or even going in person to an office? Everything can be done online in minutes, and if you have questions, our live agents are there to help.
  • By going direct, the extra layers of sales commissions can be removed saving you money.
  • With going online, you can review the reputation of the company issuing the policy.

Find out more about Obvi’s GAP insurance and get a free quote.

Popular European cars you don’t see in Canada

By | Inspiration

peugeot 208Popular European cars you don’t see in Canada

Here in Canada, we love our big vehicles; Ford F-series, Chevrolet Silverado, Toyota Rav4, GMC Sierra, Ram 1500 and more. But our European counterparts don’t share the same view of larger vehicles as we do. With space a serious issue in many European cities, smaller vehicles are easier and more practical on a day-to-day basis. So what cars are popular in Europe that aren’t so popular here, or that we don’t have at all? Here is our top list (data taken from best-selling-cars.com):

Volkswagen Polo

Nearly 300,000 VW Polos were sold in Europe in 2018 compared to…. 0 in Canada. Although the VW Golf is sold here, the Polo is not available in North America. Volkswagen have talked about the possibility of bringing the Polo over in the past, but it looks like there will be no change on that front in the near future.

volkswagen poloSkoda Octavia

Although the Octavia is a popular choice in Eastern Europe (223,352 sold in Europe in 2018), Skoda currently does not sell vehicles in North America. Again, there have been rumors about this changing, particularly if car sales continue to slow in Eastern Europe, but nothing concrete yet.

Ford Fiesta and Ford Focus

The Fiesta and Focus are currently available in Canada, but their sales here are nowhere near as impressive as Europe with around 476,000 sold there last year. In fact, Ford announced in 2018 that they are dropping the Fiesta, Focus, Fusion and Taurus in North America as of 2020 in order to focus purely on trucks and SUVs.

ford focusPeugeot 208

The most popular Peugeot model has to be the 208 and 230,049 were sold in Europe in 2018. It was reported last year that Peugeot and Citroën were thinking of selling their cars back in Canada within the next 8-10 years, but with that goal so far away, it’s hard to tell whether it will actually happen.

Renault Clio

The Renault Clio outsold the Peugeot 208 in 2018 with 336,268 models sold. The Renault Clio and Peugeot 208 are, of course, the two top selling vehicles in France but unlike Peugeot, Renault has made it clear that they have no desire to come back to the North American market.

renault clioFiat 500 & Smart Car

Although we do have these two tiny cars in Canada, they are nowhere near as popular here as they are in Europe.  In fact, the Smart Car will soon be disappearing from the North American market altogether. The micro-car market has been declining in North America, and larger vehicles such as SUVs have been dominating the market meaning that the Fiat 500 is also in danger of leaving North America.

Love your vehicle but worried about costs associated with your vehicle? Obvi has brought Extended Auto Warranty and GAP Insurance online in Western Canada, saving up to 70% compared to buying from the dealership and giving you better coverage. Get a quick online quote now.

Obvi’s Top 5 Road Trips in Western Canada

By | About Obvi

obviroadtripObvi’s Top 5 Road Trips in Western Canada

As a Calgary based company, we love getting out of the city on road trips! When we’re not working hard you can often find our team in the mountains biking, hiking, or relaxing at one of the hot springs. Looking for some inspiration for your next road trip? Here are Obvi’s Top 5 Road Trips in Western Canada.

Icefields Parkway

The Icefields Parkway is considered one of the best drives in the world and connects Banff to Jasper. There are plenty of places to stop off on the way from lakes to glaciers and waterfalls. Our favorite things to see are turquoise Peyto Lake (you can get the best view from Bow Summit) and the glaciers at Columbia Icefields.

peyto lake

Peyto Lake

Sea to Sky Highway

Connecting Vancouver to Whistler, the Sea to Sky Highway is spectacular. Driving straight through takes about 1.5 – 2 hours, but there are plenty of awesome things to see and do on the way. One of the coolest things is the gondola connecting Whistler and Blackcomb Mountains. The route is 4.4km long and over 400m above the ground, and although it’s not guaranteed there are often sightings of numerous bears below you.

Vancouver Island

A trip to Vancouver wouldn’t be complete if you didn’t go to Vancouver Island, and a road trip is a brilliant way to explore and see what the island has to offer. For the most epic trip, spend a week or so on the island and follow the Heritage Discovery Circle Route on the East Coast from Victoria to Port Hardy. Explore everything in-between and with plenty of opportunities to enjoy nature and see wildlife, you’ll have a great time.

Trans-Canada Highway

The Trans-Canada Highway is a ridiculously long road running all the way across Canada, but our favorite part is between Lake Louise and Banff.  Coming from Calgary, we like to start in Banff and make our way slowly to Lake Louise, stopping off on the way to enjoy the scenery.

Once there, you can do a hike from Lake Louise to Lake Agnes Tea House (open from June to October) and enjoy the breath-taking view. Return back along the Trans-Canada highway and spend some time in Banff – maybe even head up Sulphur Mountain if you’re feeling adventurous or if you’re looking to chill, take a dip in the hot springs.

lake louise

Lake Louise

Drumheller and the Badlands

Drumheller is famous for the Royal Tyrell Museum of Paleontology, about 135km away from Calgary. The area around Drumheller, Dinosaur Provincial Park (a UNESCO World Heritage Site) is the richest place in the world in terms of dinosaur fossils, and this museum has a humongous collection. In fact, most of the 130,000+ fossils aren’t even on display and are behind the scenes, meaning that paleontologists from all over the world come to Drumheller to see specific fossils.

But another great thing about Drumheller is the Badlands; this spectacular area where the dinosaurs used to roam is an awesome destination when on a road trip. The hoodoos (a certain geological structure) seem unreal, and it’s an amazing place to explore and take photos.

Did we miss your favorite road trip spot? Send us a note and let us know where yours is!

Love going on road trips but worried about costs associated with your vehicle? Obvi has brought Extended Auto Warranty and GAP Insurance online in Western Canada, saving up to 70% compared to buying from the dealership and giving you better coverage. Get a quick online quote now.

Where to buy extended warranty for a used car?

By | Extended Warranty, Insurance Online

buy warranty for used carWhere to buy extended warranty for a used car?

Have a used car? Thinking about purchasing one but not sure where to buy the warranty for your used car? You have a few options for buying an extended warranty for a used car in Western Canada.

  • Buying from the dealership

When you purchase a vehicle from the dealership, you are likely to be offered extended warranty (or even Gap Insurance). There are several things to consider when being offered extended warranty at the dealership. This can be an expensive way of buying extended warranty coverage for your used car because of the layers of commissions built in. You should also consider who the actual warranty provider is. You may like your dealership but is that who will be approving any warranty claims? In most cases it isn’t.

The finance office may also suggest the cost of extended warranty is rolled into your monthly payments. This can hide the total cost of the warranty and mean you are not paying a fair price. Even if you do end up paying in monthly installments, it’s clearer to see the total price first and then you can decide if you want to pay it upfront or monthly. Without the total price, it can be confusing and unclear, and you could end up paying more than you expected.

  • Buying online

Instead of going through the dealer, you can now go online direct with Obvi.ca.

Buying warranty for a used car online means several things; you can take time to do your research, you don’t have sales pressure because you can do it online from home, and you get a fairer price by cutting out multiple layers of sales commission. Obvi understands that consumers deserve a fair price, and they also deserve to understand exactly what they are paying for, which is why we strive to be transparent and have an easy-to-understand, simply worded policy.

Going online doesn’t mean you have to sacrifice customer service. Obvi strives to bring some of the best customer service to you by making experts available through online chat, phone, and email, whichever is most convenient for you. Obvi is also with you from purchase to claims so you always know who you are dealing with.

Should I buy a warranty for my used car?

There are several things you might want to think about when deciding whether to buy extended warranty for your used car.

1) How old is your vehicle?

Manufacturer’s warranties generally cover the first 3 – 5 years of a vehicle’s life so you will want to check your make and model’s coverage out first. Not every vehicle on the road is eligible for extended warranty when it is used so be sure to check the various coverage options available.

 2) Is your car used?

Used cars are more affordable to purchase but you may not know how the previous owner treated the vehicle. For example, was the vehicle always properly maintained? What kind of a driver were they? You may find extended warranty is worth it because you cannot predict when you might need expensive car repairs and if the price and coverage are reasonable you can be covered for a long time.

 3) Do you worry about the cost of car repairs?

The cost of car repairs can be a big issue and having a sudden and unexpected bill could put you in a difficult financial situation. If this is a concern, then an extended warranty policy might be for you.

Find out more on our extended warranty page or get an instant quote.

Can you buy a car warranty after purchase?

By | Extended Warranty

can you buy a car warranty after purchaseCan you buy a car warranty after purchase?

Customers often think they can’t buy a warranty for their car after they’ve purchased the vehicle and driven it off the lot, but this just isn’t true. Obviously, the salesperson at the dealership wants you to buy their products while they have your attention – their chances of further upselling are greatly diminished once you drive away in your new vehicle. (Adios pressure sales!)

But, bidding farewell to your dealership doesn’t mean you’ve lost your chance to buy a car warranty for your new vehicle. You have the option to return to the salesperson at the dealership, or, if you live in Western Canada (British Columbia, Alberta, Saskatchewan, Manitoba) you can purchase an Extended Auto Warranty online from Obvi, a Canadian company.

Obvi’s Extended Auto Warranty

Born and raised on the prairies, a trailblazer, Obvi is disrupting the Extended Auto Warranty and GAP Insurance market in Western Canada by offering products exclusively online. You can get a quote, talk to an Obvi Insurance advisor via the Live Chat, and complete a purchase all from your mobile phone or PC on your schedule. Can you buy a car warranty after the purchase of your car? Absolutely! And Obvi.ca makes it easy. As long as your manufacturer’s auto warranty is still valid, you can purchase an Obvi Extended Warranty online, anytime.

There are lots of advantages of having an Extended Warranty from Obvi over one from a dealership. The main advantage is a better price for you. Equally great is that Obvi deals with any claims you may have, from beginning to end.

Who is Extended Warranty for?

Obvi Extended Auto Warranty for your car, truck, or SUV can extend your comprehensive coverage up to 8 years with personalized KM options. Eligible vehicles in British Columbia, Alberta, Saskatchewan, or Manitoba need to have either 30 days or 1,000 km of remaining manufacturer’s auto warranty. So, if you fall within these limitations, then Obvi Extended Warranty is definitely an option for you.

Does Obvi have any other products?

Absolutely! Obvi also sells Gap Insurance, which covers the difference between your remaining car loan balance and the settlement amount (the “gap”) from your auto insurance provider if your vehicle is considered a total loss and is written off. Like Extended Warranty, Gap Insurance is another product sold at the dealership that you can buy online with Obvi at a fair price.

Find out more about Extended Warranty and get a free quote now.

What is aftermarket car warranty?

By | Extended Warranty, Insurance Online

aftermarket_car_warranty

Aftermarket Car Warranty

What does aftermarket car warranty mean?

The term aftermarket car warranty is an ineffective association of terms frequented by the automotive industry.  When you hear aftermarket, you are likely to associate it with vehicle parts or accessories and might question the reliability.  Many of the automotive dealers will refer to extended warranties sold outside of their office as aftermarket in an effort to leverage the reliability concern ingrained in Canadians. Manufacturer’s warranty will typically last between 3-5 years depending on the make and model vehicle you have, and you have options to extend. The term aftermarket is misleading as you must purchase from a third party insurance company or service contract provider. If you want to buy extended car warranty, you have two options;

  1. Manufacturer’s Extended Warranty Contract (Service Contract)
  2. Insurance Policy

1) Manufacturer’s Extended Warranty Contract (Service Contract)

Most commonly sold at the point of a new vehicle sale from a dealer who represents the manufacturer.  There is no standard format, wording or regulatory framework around this method of extended warranty. Most importantly, there is no monitoring of the financial stability or ability to pay the claims and no regulatory on claims handling. An example of a company that sold Service Contracts is Sears – find out more in our blog here.

2) Insurance Policies – Extended Warranty

Consumers have the option of purchasing an insurance policy to extend the warranty of their vehicle. What many Canadians don’t realize is that they can do this all online and avoid the significant dealer fees.  In fact, all dealers offer an insurance policy option to their customers and they are well accustom to working with third party insurers with claims.

With the help of Obvi Inc, this can be done without paying dealership commission, which is how you save money.

Online with Obvi

Obvi is disrupting the way that Extended Warranty is being sold in Western Canada. Instead of having to buy from the dealer, Obvi gives you the option of buying online. You can do everything on your phone from getting an Instant Quote to purchasing Obvi’s Extended Auto Warranty.

Why is Obvi better?

There are many reasons why Obvi is better;

1) Time – buying at the dealership means that you can’t take your time, do your research and understand what you are being offered, and also what other options you have. With going online, you can take your time to look at as much information as you want

2) Money – going online means that you cut out the middleman and don’t pay up to 75% commission (which is why buying at the dealership is so expensive). You get the fair price you deserve

3) Pressure – there’s no pressure to buy! We won’t push you, but our experienced Insurance Experts are at the end of a phone or available for Live Chat if you need them

4) Financing – you can still pay monthly for your warranty at a reasonable rate.

And many reasons more! In fact, check out our blog post here to fully understand why buying insurance online in Canada is the way forward.

Find out more about Obvi’s Extended Auto Warranty or get an Instant Quote now.

Is Extended Warranty worth it?

By | Extended Warranty

is extended warranty worth it
Is Extended Warranty worth it?

Figuring out whether Extended Warranty is worth it can be a bit tricky, especially with a wide range of sources all saying different things. We have created a simple guide of things to think about so you can decide for yourself whether Extended Warranty is worth it or not.

1) How old is your vehicle?

Not all vehicles are eligible for Extended Warranty. Manufacturer’s warranty typically lasts between 3 – 5 years, and varies per make and model, so you would want to check that out first.

There are also a few benefits to purchasing Extended Warranty straight away on a new car. Find out more in our blog here.

2) What vehicle do you have?

Some vehicle makes are more expensive to repair than others. For example, luxury brands such as BMW, Jaguar and Mercedes might cost you more in car repairs compared to non-luxury vehicles.

Although maintenance costs include other items aside from car repairs that are not included with Extended Warranty, such as an oil change, you might find the graph below interesting (in US dollars, from YourMechanic.com).

cost of car maintenance

3) Is your car used?

Although used cars are more affordable, some people are concerned that they don’t know how the previous owner treated the vehicle. For example, what kind of a driver were they? Did they always properly maintain the vehicle?

Some drivers therefore think Extended Warranty is worth it because you cannot predict when you might need expensive car repairs, and for a small extra cost you can be covered.

4) Do you worry about the cost of car repairs?

The cost of car repairs is a worry for some drivers, regardless of whether their vehicle is new or used, and having a sudden and unexpected bill could be a big problem. Whether you want to protect your savings, or whether you just want to make sure your bills all get paid, an Extended Warranty policy might be for you.

5) Where will you buy the Extended Warranty policy?

Whether Extended Warranty is worth it or not also depends on the price you paid for the policy, and the coverage that comes with that. For example, the traditional purchase point of Extended Warranty is at the dealership. This is an expensive method of purchasing Extended Warranty for a variety of reasons such as;

1) large commission fees on the sale of a policy

2) you might be persuaded into adding the policy into your monthly payments (which hides the total cost)

However, with Obvi.ca you can now go directly online for Extended Warranty and GAP Insurance, saving up to 70% compared to the dealer and giving you better coverage. At Obvi, we think Extended Warranty is worth it, but only when you can buy online in your own time whilst fully understanding what you are buying and when the price is fair.

To find out more visit our Extended Warranty page, or get an instant quote to see how much it would cost you.

What GAP Insurance Covers

By | About Obvi, Extended Warranty

what does gap insurance coverHeard of it, but not sure what GAP Insurance covers? You’ve come to the right place. We will explain 1) what GAP Insurance is and 2) why you might want to consider purchasing GAP Insurance

GAP Insurance definition: Guaranteed Auto (or Asset) Protection is a type of car insurance which protects your finances when a loan is taken out to pay for your car.

Let me paint a picture…..
An unexpected event occurs (accident, fire, flood, theft of your vehicle) and your vehicle is ruined. Your insurance company determines that the car is worth $13,000. This is less a lot less than you thought it would be. Why is that? You bought a new car, and it quickly depreciated in value over time.

You still owe $17,500 because you took out a risky long-term loan over 7 years, meaning
$17,500          – $13,000 = $4,500

What you owe – car worth = Amount you still owe
GAP Insurance protects you and will cover this $4,500 – this is the “GAP”.

What GAP Insurance covers

GAP Insurance is there to protect you from paying the loan off on a car you have unfortunately just lost. Chances are if you had to take out a big long-term loan to buy your new car, suddenly having to cough up $4,500 or so would really hurt your bank balance – if not be impossible.

Taking out a long-term loan is popular in Canada. CBC News reported that in 2018, 55 % of all new car loans were for at least 84 months (7 years). Unfortunately, people forget that having a loan over a long number of years does come with risks.

What else do I need to know about what GAP Insurance covers?

  • GAP Insurance is not just available if you purchased your vehicle, it also includes leased vehicles.
  • Traditionally, GAP Insurance was only sold through the dealer when purchasing a vehicle. However, this was expensive, the dealer was often not knowledgeable about the product and they also were not the ones who would handle your claim.
  • Obvi has completely changed GAP Insurance; by bringing the sales process online and cutting out the middleman, consumers can save up to 70%, there is no sales pressure and confusing technical jargon and consumers get a better product at a fair price.

To find out more about what GAP Insurance covers and if you are eligible, check out our GAP Insurance page or get an easy Instant Quote now.