With the rising awareness among car owners to protect themselves from car repairs, the need to purchase extended car warranties has gradually increased. Yet, are we looking out for all the parameters while purchasing the extended car warranties?
Most of us would fail, one of the important things to look for while purchasing an extended auto warranty is warranty transferability.
Having transferable car warranties seems to come with numerous benefits in recent days.
BENEFITS OF HAVING TRANSFERABLE EXTENDED CAR WARRANTIES
Increased resale value
When you decide to sell your car, a potential buyer may be more interested in purchasing a car that still has a warranty in place. This is why most experts say having a transferable extended car warranty makes your car more likely to have greater value in the secondary market.
Enhanced security for buyers
It provides a sense of security to the new owner, knowing that they won’t be immediately burdened with potential repair costs. Purchasing extended car warranties that are transferable provides the owner with the confidence that any future repairs that remain after purchasing can be handled with ease.
Makes your car unique
In a competitive market, having a transferable extended warranty can set your car apart from others. It distinguishes your car from others and makes it a more reliable and cost-effective option compared to similar cars without a warranty.
Saves money for the buyers
If the warranty that comes with the used car that you purchase is comprehensive and covers major components, the new owner may benefit from such extended coverage which would potentially save money you would spend on repairs for a longer period.
Greater convenience
Transferable warranties often streamline the process of transferring coverage to a new owner. This greater convenience makes the selling process easier and more convenient.
It’s important to note that the specific terms and conditions of the extended car warranties vary greatly, so it’s essential to carefully review the warranty documentation and understand any limitations or requirements associated with transferring the coverage to a new owner.
MP WARRANTIES – WE ARE THE TRUSTED PROVIDER OF CAR WARRANTIES IN THE UAE
At MP Warranties, we provide various new car warranties, used car warranties and extended car warranties for all make and models of cars, making vehicle maintenance easier for our customers.
To explore more about our car warranty coverage and identify the best auto warranty plans that fit with the needs of your vehicle and budget, just dial 971 501 604 953.
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