Hi Lazz,
The fact you mentioned our warranty booklets caught my eye... I don’t like to get involved in selling the product and that is certainly taboo on a forum, however your dilemma ‘run it myself or get someone to administer it’ interested me.
I have not answered that question for a long time, and I think the answer is simple.
If you are mechanically/technically trained, have your own workshop and sell the majority of vehicles locally, run them yourself... you will be wasting your money on administration.
You will find most customers will always contact you in the first instance and if you are one of those people that just can’t help but get involved... again, run them yourself.
However, if you do not have ‘the knowledge’ and you just sell cars, certainly consider the outsourcing the administration.
Also, if you have the knowledge but just don’t want to deal with warranty issues go administered.
And finally, if you are selling cars far and wide, unless you have access to a network of garages, administration would be a good choice.
With the Lawgistics solution you can mix it up, so run your local cars with our standard booklets and the cars at a distance on the administered booklets.
Reference ‘pot’ schemes, we advise you avoid holding large amounts of money in other people’s accounts... most companies can offer you alternative ways of paying for work carried out. The money is safer in your bank!
OTHER POINTS TO CONSIDER
Choose a warranty administrator that understands your liabilities and can give sound advice in awkward situations. Your warranty will only be as good as your warranty administrator. It would be sad to see a good warranty let down by a poor administration service.
Check that the warranty administrator and their warranty booklets comply with the The Consumer Rights Act 2015, The Consumer Contract (Information, Cancellation and Additional Charges) Regulations 2013 and the FCA regulations.
Make sure they have a 24/7 claims helpline and administration service. If they can only answer your customers' queries 9-5 Monday to Friday, you could find you are administering your own warranties while paying someone else to do it.
Your warranty administrator should also have access to technical advice and a good relationship with a reputable network of service and repair garages.
Hope this helps.