Monday, April 30, 2007

Advantages of Having an Extended Warranty on Your Vehicle if You Decide to Sell or Trade It!

If you have an extended warranty on your vehicle it can enhance the value of your vehicle if you decide to sell it.

Most extended warranties are transferable if you sell your vehicle. There is usually a small fee you must pay to transfer the balance of a warranty to the next owner, but the increased value of the vehicle is more than worth the fee.

You can even ask the new owner to pay the fee.

If you decide to trade your vehicle in to a car dealer you can't transfer the warranty, but you can cancel it and get back a portion of the original cost.

All things considered having an extended warranty on your vehicle is a very smart move, because the warranty will give you mechanical breakdown coverage in the event something goes wrong, and if you decide to sell or trade your vehicle you can recoup at least part of your original investment.

Sounds like a Win - Win situation to me!

Tony Iorio