No matter how many times a car has been sold, its warranty is usually transferrable to the next car owner. However, there are terms and conditions that all extended car warranty providers must make you aware of. If you are thinking of selling your car, but it still has extended warranty coverage in place, you may be wondering whether or not you can transfer it over to another person, or another car. In our complete guide below, you can find the answer.
In this guide, we will explore the ins and outs of transferring extended warranty over to another car or person, as well as the steps you need to take to transfer your policy successfully. We will also discuss any fees associated with transferring extended car warranty, and whether or not transferring will affect the coverage or terms of your policy.
Yes, extended car warranties can often be transferred to another person, but it depends on the specific terms and conditions outlined in the warranty contract. The person the warranty is being transferred to should be a private individual, and not a dealership. Some extended warranty providers allow for the transfer of coverage to a new owner for a fee or under certain conditions, while others may not permit it at all.
Our extended car warranty cover at ALA can be transferred to a new owner free of charge, making your vehicle more compelling to new potential buyers. A transferrable warranty can even increase the value of your car. Once you have transferred the policy over, however, the new owner of the vehicle cannot claim for 28 days after the policy transfer.
You can find out more about our extended car warranty policies on our website.
Extended warranties are typically tailored to cars rather than individuals, so it is not usually possible to transfer your policy to a new car. If you are buying, financing or leasing a new car from a dealership, you may find that the car often comes with an extended or manufacturer warranty of its own, so there is no need for a third-party extended warranty policy to be in place.
We recommend starting a new policy for your new car, especially if it doesn’t have a warranty already in place. We have three types of extended warranty coverage at ALA (silver, gold and platinum), allowing you to choose the policy that works for you. You can then choose your preferred labour costs, term of cover and claim limit.
You can start building your extended car warranty policy quote here.
The first thing to do when attempting to transfer your policy is reach out to the company that issued the extended vehicle warranty. You can usually find their contact information on the warranty documents or their website. Inform them of your intention to transfer the warranty and inquire about the necessary steps to do so. You can get in touch with ALA via our website here.
The warranty provider will likely require information about the new owner, such as their name, address, contact information, and possibly vehicle details. Be prepared to provide any documentation or forms requested by the warranty provider. Follow any instructions provided by the warranty provider to complete the transfer process. This may involve filling out forms, signing documents, or providing proof of ownership transfer for the vehicle.
With ALA, you don’t need to worry about any hidden fees when transferring you extended car warranty policy to a new owner. All of our policy transfers are carried out free of charge for you and the new owner’s peace of mind. However, there are some car warranty providers that may charge you extra to transfer.
The fees or charges associated with transferring an extended car warranty can vary depending on the warranty provider and the terms outlined in your warranty contract. Some warranty providers may charge a transfer fee to process the transfer of the warranty to a new owner. Before initiating the transfer process, it’s essential to review your warranty contract carefully or contact the warranty provider directly to inquire about any fees or charges associated with transferring the warranty.
You can find out more about the ins and outs of our extended car warranty policies on our website here.
Transferring your extended car warranty policy over to a new owner typically does not affect the cover they shall receive. However, it is important to note that if you took out a three-year warranty policy, and have already had the policy for a year, the car will only be covered for a further two years with the new owner. The warranty does not renew with a new vehicle owner.
Therefore, the new owner will still benefit from the policy you originally took out for whatever time is remaining on the policy. The new owner then has the choice to renew the policy once it runs out.
Our extended car warranty policies at ALA are perfect for used cars where the manufacturer warranty has run out. Extended warranty can protect your car from any mechanical or electrical faults and breakdowns, saving you money on usually expensive parts and labour costs. Our policies are competitively priced too, giving you the best value for money.
To find out more, or to start building your bespoke extended car warranty quote, get in touch with us today.
Car Excess Insurance
Short Term Motor Insurance
Scratch and Dent Insurance
Tyre & Alloy Wheel Insurance
Cycle Insurance
