Can You Transfer a Car Warranty?
With more people choosing to buy second-hand cars due to its practicality and affordability, buyers are curious if it’s possible to purchase a warranty with it? Can you transfer a car warranty? It’s a question that many people are asking, especially those that want to save money without having to purchase a warranty for the car separately, or else it will become an additional expense to consider when buying second-hand cars.
In this guide, you will find the answers to the questions surrounding this topic so you can have clarity about car warranties.
Key Takeaways
• Transferring a car warranty is allowed on most warranties. However, you must check with your dealer or warranty provider about the details and transferability of a specific warranty.
• Refer to your warranty booklet that your vehicle came with to know about whether or not you can transfer a car warranty.
• Learn the steps on how to facilitate the transfer of a car warranty to a new owner.
Can You Transfer a Car Warranty?
Yes, most manufacturers and warranty providers allow the transfer of a car warranty to the new owner, if you sell your vehicle. However, you must be aware that there might be exclusions or clauses that apply to the transfer. The ability to transfer a car warranty makes a vehicle resale more attractive to buyers because they can purchase a car and not have to worry about buying a warranty separately.
How to Transfer a Car Warranty
Transferring a car warranty to the new owner is a straightforward process. The first thing you must do is review your warranty terms and check if there are any limitations involved when you transfer your warranty to a new owner. Make sure to check any specific requirements to make the transfer valid.
Take note that not all warranties can be transferred. Therefore, it pays to give it extra effort to check if yours can be transferred or not. For non-transferable warranties, there is no way for you to transfer it to the new owner.
Once you have completed the first two steps, you can now begin to gather the documents you need to facilitate the transfer. Make sure to notify the warranty provider or the dealer about the transfer and file the transfer application form. Upon completing the requirements and the steps, you have to pay any required fees and submit your application. You will be notified if the transfer of your car warranty has been completed. At this point, you can notify the new owner that they are now the holder of the warranty.
Not All Vehicle Warranties Are the Same
A common mistake that car owners commit is to assume that all car warranties are the same. For example, many assume that all warranties can be transferred to a new owner or that the warranty is attached to the vehicle. While it’s true with some warranties, it is not the case for all. A change of ownership could also void some warranties.
One example are multiple warranties wherein there is a separate coverage for each component, such as the battery, powertrain, and corrosion, etc. These coverages are different from the bumper-to-bumper car warranty.
Many dealers also make their warranties non-transferable to prevent buyers from buying high-demand models and then flipping them to earn a profit!
How to Know If Your Car Warranty is Transferable?
The best way to check if your car warranty is transferable is to review your warranty handbook. This documentation includes all information you must know about your car warranty, including if it’s transferable or not.
If you don’t have access to this booklet, you can contact your warranty provider directly to ask them about the details of your warranty.
Final Thoughts
Hopefully, you found the answer to the question on “Can you transfer a car warranty?” When you have any doubt, you can always talk directly with your warranty provider or dealer about any details concerning your warranty coverage. It is also a good practice to review the terms in your warranty booklet so you are informed about the extent of your coverage.
FAQs
Can you transfer warranty to another car?
The car warranty is only transferable from one owner to another and it applies to a specific vehicle. You cannot transfer it to another car.
How to check warranty on car?
You can visit the car manufacturer’s online portal to check the warranty or contact the manufacturer or dealer directly about the status of your car warranty.
Is warranty worth it on a car?
Yes. A warranty gives you peace of mind that if something goes wrong, you will be protected from financial loss by that warranty. Whether it is repair or replacement of certain parts, a warranty is a worthwhile investment.
