Tesco Finance has introduced a range of vehicle warranties to its list of products, with prices starting at less than GBP10 per month.
The new Tesco Finance car warranty products enable customers to protect against car repair bills and can be used on most cars up to 10 years old, with mileages of upto 100,000 miles. The warranties cover most main mechanical and electrical problems and comes in three variants – starting with Value, then Standard and on to the Tesco Finest option.
Customers can now rely on Tesco Finance for peace of mind in yet another area of financial management and with the cost of car repairs rising as they grow more sophisticated a vehicle warranty product makes a lot of sense.
Hastings Direct has been fined GBP735,000 by the FSA (Financial Services Authority) for treating its customers unfairly. The car insurance company was found to have cancelled over 4,500 policies following a pricing error.
The problem was caused by the Hastings Direct car insurance quotation system, which generated quotes that were lower than the market rate. The insurer then decided to cancel these policies, a step that was not acceptable according to the FSA.
Although a cancellation clause was included within the policies the FSA felt that Hastings Direct should have considered other options first rather than invoking the cancellations. They believe that it is not acceptable to cancel cover because of what is simply a pricing error.
New car insurance customers at Tesco Finance are able to claim a free pressure washer if they buy their policy before 25 June 2008.
Upon buying the car insurance policy Tesco Finance will provide the customer with a voucher that can be redeemed at Tesco Direct for a Karcher pressure washer. New car insurance customers can also enjoy discounts of up to 15 percent when buying online.
A Tesco Finance spokesman was delighted to be able to offer such a great incentive and hoped that many people considering their current car insurance cover would look at Tesco since they offer very competitive rates as well as great promotional offers such as this.