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September marks the release of the new ‘75 plate car registration, and many drivers will now be preparing to sell or part-exchange their vehicles. Ensuring that your car stands out from the crowd is crucial, and one of the most simple and effective ways to do so is with an extended car warranty.
If you are considering selling your car, this blog can help you discover how Warrantywise can make this process smoother and quicker with an extended car warranty.
What is an extended car warranty?
How does an extended car warranty add value to your car?
The addition of an extended warranty on your used car can give prospective buyers extra assurance. They’re not just buying a car – they’re also getting the added protection and benefit that a used car warranty can provide.
A car may be seen as more appealing to cautious first-time buyers due to the fact that major repairs could be protected and save them money. Some buyers may worry about the costs of unexpected repairs shortly after they have purchased their vehicle. With a used car warranty, the financial burden of repairs can be reduced or even eliminated, which can make your car stand out to potential buyers.
What’s more, extended warranties can often be transferred to a new owner, offering an added incentive. This transferability not only reassures buyers that the car has been well-maintained but also provides ongoing security.
Stand out in a crowded market
Usually Warrantywise extended car warranties are transferrable*, this means that the new owner of your car can inherit the remaining duration of your warranty plan. This is a feature that can set you apart from others, especially if there is a significant amount of time left on your warranty plan.
With the cost of living continuing to rise and average age of vehicles now reaching 9.5 years [1], more people are turning to used cars as their everyday transport. For many, this means placing trust in older vehicles – making reliability and protection more important than ever. That’s where extended car warranties come in. Many warranty plans include benefits such as emergency breakdown assistance and hire cars while your vehicle is being repaired, so you’re never left without transport. An extended warranty can provide assurance and be a crucial consideration for budget-conscious drivers when deciding on their next car purchase.
Maximising your sale potential
An extended car warranty adds credibility to your asking price, supports your claim the car is in good condition and reduces a buyer’s need to budget for any reliability issues post-purchase.
A late 2024 survey has revealed that 67% of dealers believe extended warranties on used cars help reduce uncertainty for buyers, making customers more inclined to purchase vehicles that offer protection against unexpected repair costs [2]. As a result, cars backed by an extended warranty often sell quicker, as they tend to raise fewer concerns and inspire greater confidence during the decision-making process. This added reassurance can ultimately lead to faster deal closures and reduced time spent waiting for a sale.
Final thoughts…
Don’t underestimate the value of an extended car warranty when you resell your vehicle. It’s more than a safety net – it could be the factor that seals the deal in a competitive market.
*Disclaimer: Please refer to your plan book and check the T&Cs to see whether your car warranty is transferrable to a new owner.