When taking out finance for your new car, ask about the products below and find out how they can be of great benefit to you


We now have warranties that range from as long as 1 to 5 years with different levels of cover from limited cover to comprehensive cover, giving you even more peace of mind at a small additional investment, providing you cover against mechanical breakdown for parts and labour any where in Australia. With the additional option of 24 hours Roadside Assist for up to 3 years.


Providing you with not only competitive pricing but also the flexibility of annual or monthly payments.


Are you considering taking out finance for your car with little or no deposit? This product will protect you in the event of a total loss on your car where your car insurer fails to payout the finance company in full, gap insurance will payout the short fall up to $15000.00 and give you $5000.00 towards the purchase of your next car, allowing you to walk away with a clean slate and making the purchase of your next car more possible, there are various level of covers available to suit your needs.


Have you had your car stolen or written off in an accident and the insurer wouldn’t cover all those personal possessions lost? This product will give you total peace of mind and provide you with a cheque of $5000 in the event of a total loss with your car. You can choose to either replace any of your personal possessions lost, pay for your next car insurance policy, pay your excess or simply use towards your next purchase. The choice is yours! There are also different levels of cover to suit your needs.


One of the biggest concerns today when financing a car and having that monthly commitment is the "WHAT IF" factor. Don't be a statistic, remember prevention is better than cure, invest in loan insurance and have a stress free loan. Loan insurance is available with different levels of cover to suit everyone and help you make those monthly repayments in your time of need. Talk to our finance manager help select an appropriate level of cover to suit you.

Disability cover
Disability and unemployment
Disability, unemployment and death cover
Death cover only


Often without warning our financial situation can change dramatically. An illness which goes on longer than expected or perhaps an accident which puts the breadwinner out of action for many months. At some point it may prove difficult to make payments on your car loan and the only option is to hand it back to the dealer to reduce the debt. Often, the value of the vehicle declines quicker than the loan balance and as a result there may still be an amount to pay to the financier.
One of the great benefits ERIC Insurance provides is Loan Termination Insurance which takes care of the shortfall in this situation of up to $15,000, depending on option chosen, to give customers that extra peace of mind. With this simple and easy cover, there’s no need to endure added stress!

Are you in a position where you want to purchase any of the insurance products above and just don't have the disposable cash to do it now? We now have funding available for all our insurance products allowing you to purchase any or all of the above insurance's with easy monthly repayments direct debited from your nominated bank account, no credit checks, no application, no fuss and 100% approval regardless of your credit status call us to find out more.

Warranties on used cars

What is a used car statutory warranty?
A licensed motor car trader must provide a statutory warranty if the car:

is less than 10 years old, and
has travelled less than 160,000 kilometres.
Note: the car's age is determined by the date stamped on its build plate, usually found on the firewall between the engine and passenger compartments.

How long a statutory warranty lasts
A statutory warranty lasts for three months or 5000 kilometres after purchase, whichever occurs first.

The trader must repair any faults covered during the warranty period in order to ensure the car is in a reasonable condition for its age.

Note: even after the statutory warranty expires, you still have rights under the Australian Consumer Law that you can rely on if there is a problem with your car. However, the level of protection will depend on things such as the car's age and condition. For more information, view our Consumer guarantees page.

Transfer of statutory warranty
A licensed motor car trader provides a statutory warranty only as part of the contract. Therefore, if you sell your car privately before the three months or 5000 kilometres have passed, the warranty does not transfer to the new owner.

Defect notices
The trader is obliged to list any faults not covered by the statutory warranty on a defect notice. These faults could be costly to repair so read this notice carefully. For more information, view our Buying a used car from a licensed motor car trader page.

Items not covered by statutory warranty
A statutory warranty does not cover things including:

any item listed on a defect notice with a reasonable estimate of how much it will cost to repair
radios, cassette players, CD players, MP3 and MP4 players
DVD players and video display panels
telephone and in-car telephone kits
global positioning systems (GPS) and satellite navigation systems
power outlets, including cigarette lighter sockets
car aerials
non-standard rear window demister
wear and tear or damage caused by misuse or negligence
non-standard alarms
non-standard body hardware
non-standard keyless entry systems and remote key pads
tools other than jacks and wheel braces
non-standard light globes, sealed beam lights and fog lights
keyless entry systems and remote key pads that are not standard to the car.

Vehicles exempt from statutory warranties
A statutory warranty does not apply to:

commercial vehicles
cars sold at a public auction.

Parts and repairs
If your car needs repairs while under statutory warranty, contact the trader from whom you bought it. If you arrange repairs before doing so, your statutory warranty may become void and you may have to bear the costs.

Second-hand parts can be used as long as they are suitable and serviceable. The time it takes to repair your car is added to the warranty period.

If your car cannot be driven due to a warranty defect, the trader must pay any towing costs. However, the trader or mechanic is not obliged to provide a replacement vehicle while your car is being repaired. If a courtesy vehicle is provided, check it is insured adequately.