Get Resale Advantages – Transfer Your Auto Extended Warranty

You often hear that purchasing an extended warranty for your automobile will increase the resale value of your vehicle. Is this another “sales pitch” from overzealous salespeople, or is there some truth behind this claim?

I believe there is substantial value transferred to the new owner. Here’s why;

If your auto extended warranty is transferable to the next owner, so too is the peace of mind that goes with the extended car warranty. Most used cars for sale include no warranty protection. As a typical buyer gets closer to making a purchase decision on a pre-owned vehicle, most become concerned about the possibility of an immediate and expensive breakdown. This risk plays an important role in their buying decision process. Why else would so many go through the extra expense of having a vehicle inspected by their mechanic before purchase?

If you sell your vehicle outright instead of trading in at the dealer, transferring your extended warranty to the new owner can make your vehicle more attractive and possibly worth more money. Given the opportunity to choose between two identical used cars, the vehicle that includes an automobile extended warranty will have more perceived value. Transferable extended warranties eliminate buyer’s fears of repair bills and may help sell your automobile faster and for a higher price.

The Real Value of an Auto Extended Warranty

So what is the value to you for transferring your extended auto warranty? How much will it add to the resale of your vehicle? It could be a sizeable sum, perhaps as much as half of what you originally paid for the service contract. Transferring your auto extended warranty may be the difference between selling your vehicle quickly or not. It could prevent you from losing the sale to another vehicle similar to yours but costing less money.

In addition to making the sale faster, you might receive a higher selling price because of the protection value offered. Prospective purchasers fear the unpleasant surprise of an immediate and expensive repair bill. Given the opportunity to choose between two similar used cars, your vehicle with a transferred automobile extended warranty will stand out above the rest.

You often hear that purchasing an extended warranty for your automobile will increase the resale value of your vehicle. Is this another sales pitch, or is there some truth behind this claim? I believe the claim to be true.

Get this free warranty transfer form filled out before selling your car. Show it to your prospective buyers.  Now enjoy the benefits of selling a used car with a transferable auto extended warranty.

Be sure you know what situations to avoid when making a claim and collecting from your extended warranty company.

You know you’ll get the hard close from your dealership on the extended warranty, but how should you respond to their “take-no for an answer” attitude?

About the authors: As an 11 billion dollar U.S. business per year, the auto extended warranty is an integral part of the vehicle ownership experience for millions of Americans.

Written by a group of industry professionals with a combined 30 years experience, WarrantyWatchman.com is a consumer protection site and premier source for information regarding auto-extended-warranties.