What Happens if I Sell My Car? Is My Vehicle Service Contract Transferable?

How Do You Sell a Car?

Step 1: Determine what type of car sale you have

The type of car sale you have is determined by a variety of factors, such as whether you are selling the car privately, via a dealership, or through a car selling service, the condition of your vehicle, the paperwork you have available, and your extended car warranty (if you have one). For example, if you decide to sell privately, you will need to have the title and loan information in order to actually sell the car, and if the car has an extended vehicle warranty, it may make it easier to sell your vehicle and you may get more money for it. Alternatively, if you do a dealership trade-in, the dealership will assess the value of your vehicle based on its condition and use it to offset the price of the vehicle you are planning to purchase.

Step 2: Consider getting a service contract transferable car sale.

Selling a car can be a daunting prospect, especially if you are the original owner and you are not sure about the eligibility for a car warranty transfer. A service contract can help you to give your car an extra edge when selling it to a new owner, as it can offer the buyer peace of mind and assurance that any mechanical problems that may arise after purchase will be covered. Here is a step-by-step guide to transferring a car warranty when selling a car:

1. Determine whether you have an extended car warranty or any other services that may be transferable or able to be refunded.
2. Contact the original provider of the service or warranty and ask if a transfer is possible.
3. If a transfer is possible, the provider will send you the necessary documents to be completed by both you and the buyer.
4. Submit the completed documents, along with the $99 transfer fee, to the provider. This can be done by fax, mail, or email depending on the provider’s preferences.
5. Once approved, the provider will issue the new owner with an identification card and the transfer will be complete.

Following these steps will ensure that you are able to transfer a car warranty when selling a car, giving the buyer peace of mind and ensuring that you will get the best possible return on your investment.

Step 3: Prepare to sell your car quickly

How can you prepare to sell your car quickly? [Step-by-step instructions]

1. Know Your Vehicle’s Worth: Before you do anything to sell your car, you need to know what it’s worth. Use resources such as Kelley Blue Book to get an estimate and have the following information ready: the make, model, and year of your car, the overall condition of your car, the number of miles on your car, and information on an extended vehicle warranty, if you have one for your car.
2. Know the True Condition of Your Vehicle: You need to do a thorough inspection and check for things like old tires, major scrapes or dents, and broken lights. Decide whether or not to fix any items you discover and include that in your description. If you have an extended car warranty on your vehicle, chances are you have kept up with all of the regular maintenance and your car’s in good condition.
3. Know Where All the Paperwork Is: Before selling your car, you need to have all the paperwork together. This includes things like the title, documentation on the loan (if you have one), service records, and information on your extended auto warranty (if you have one). You need the title and loan information in order to actually sell the car. Service records and an extended car warranty may help you get more money for it.
4. Increase the Value: Consider purchasing an extended vehicle warranty or vehicle protection plan before selling your car. With extended protection, the buyer may be more inclined to purchase your vehicle, knowing they’re covered should it need any repairs. Meanwhile, you’re more likely to get top dollar for your sale with the extra peace of mind you’re including alongside your vehicle!

Step 4: Make sure your vehicle is ready to be sold

Step 1: Determine Your Vehicle’s Worth – Use resources like Kelley Blue Book to get an estimate of your car’s worth. Have the make, model, year, condition, mileage, and extended vehicle warranty information ready.

Step 2: Check the Condition of Your Vehicle – Do a thorough inspection of your vehicle and check for things like old tires, scrapes or dents, and broken lights. If necessary, address any items that need to be fixed to increase the value of your car.

Step 3: Gather All the Necessary Paperwork – Have the title, documentation on the loan (if applicable), service records, and information on your extended auto warranty (if applicable) all ready before selling your car.

Step 4: Consider Transferring Your Honda Warranty – If your car has an extended protection plan, it can transfer to the new owner. If not, consider purchasing an extended vehicle warranty or vehicle protection plan before selling your car.

Step 5: Consider Trading In at a Dealership – If you plan on trading your car in for a new or used vehicle, remember to bring the title and loan information, remove the license plate from your old vehicle, and transfer your plate from your old vehicle to your new one.

Step 5: Set up an online car sale account

Setting up an online car sale account can be a great way to quickly and conveniently sell your car. Before you set up your account, however, there are a few things you should do.

1. Know Your Vehicle’s Worth: Use a reliable resource such as Kelley Blue Book to find out how much your car is worth. Have the make, model and year of your car, the overall condition of your car, the number of miles on your car, and information on an extended vehicle warranty, if you have one for your car. Knowing the value of your car will help you decide where to sell it and what price to ask for.
2. Know the True Condition of Your Vehicle: Do a thorough inspection of your car and look for any issues like old tires, major scrapes or dents, and broken lights. Fix any issues to make it easier to sell your car and get a better price. If you decide not to fix any items, be sure to include that in your description.
3. Know Where All the Paperwork Is: Gather all the paperwork you need to sell your car, such as the title, documentation on the loan (if you have one), service records, and information on your extended auto warranty (if you have one). An extended car warranty can make it easier to sell your vehicle and may help you get more money for it.

Once you have done all of these steps, you are ready to set up your online car sale account. Here is how to do it:

1. Choose a Platform: Decide which online platform you want to use to sell your car. There are many platforms to choose from such as eBay, Craigslist, or CarMax. Make sure to read reviews and compare prices to choose the right platform for you.
2. Create an Account: Sign up for an account with the platform you have chosen and provide the necessary information, such as your name, address, and contact information.
3. Upload Information: Upload photos and information about your car, such as the make, model, year, condition, and mileage. Make sure to include all the information you know about your car honestly and accurately.
4. Set Your Price: Set a price for your car that is in line with its true value. Be sure to include the cost of any repairs you have done or any extras you’re offering.
5. Start Selling: Once you have uploaded all your information and set your price, you’re ready to start selling your car. List your car on the platform and wait for interested buyers to contact you.

By following these steps, you will be able to easily set up an online car sale account to quickly and conveniently sell your car.

Step 6: Run advertising for your car

Step 1: Determine the Value of Your Car – The first step when selling your car is to determine its worth. You can get an estimate of your car’s value by using resources like Kelley Blue Book. You will need to provide the make, model, and year of your car, its overall condition, the number of miles on it, and information on any extended vehicle warranty you may have.

Step 2: Fully Inspect Your Car – Before you start trying to sell your car, you should do a thorough inspection and check for any major dents, scrapes, or broken lights. If you find any issues, you should decide whether or not you want to fix them before selling the car.

Step 3: Gather All Paperwork – Before selling your car, make sure you have all the necessary paperwork together. This includes the title, documentation for the loan (if applicable), service records, and information on any extended vehicle warranty (if applicable).

Step 4: Advertise Your Car – Once you have your car ready to sell, you need to advertise it. You can do this online on sites like Craigslist and Autotrader, or in print ads in your local newspaper or magazine. Make sure you include plenty of details about your car, photos of it, and the asking price.

Step 5: Negotiate with Buyers – Once you start receiving offers, you can negotiate with potential buyers to get the best deal possible. Be sure to remain firm on your asking price and be willing to negotiate on other items, such as the time frame of the sale, delivery/pickup fees, and more.

Step 7: Get customers in the door

Step 1: Utilize effective marketing strategies to draw customers into your dealership. Promote your cars on social media, use digital advertising, mailers, and flyers, or host special events.

Step 2: Once customers are in the door, make sure they are welcomed and given all the necessary information about the cars for sale. Provide detailed information about the cars, including features, pricing, and financing options.

Step 3: Give customers the opportunity to test-drive the cars and ask questions. Make sure the sales staff is knowledgeable and helpful in order to encourage customers to make a purchase.

Step 4: Make sure customers are aware of the transfer of coverage for extended warranties, window etch, paint and fabric treatment, maintenance plans, wheel and tire, and other products/services. Refer to the original contract and inform customers of any potential transfer fees.

Step 8: Close the sale

Step 1: Get an Estimate of Your Vehicle’s Worth

Before closing the sale of your car, it’s important to get an estimate of its worth. You can do this by using tools such as Kelley Blue Book and entering in your vehicle’s make, model, year, condition, and mileage. You will also need to provide any information about an extended warranty, if applicable. With this estimate, you can decide whether you want to sell privately, through a dealership, or a car selling service. You will also know the price to ask for.

Step 2: Assess the Condition of Your Vehicle

Before closing the sale of your car, you should assess the condition of your vehicle to ensure it is fit for sale. If you have an extended warranty, you should transfer the coverage to the buyer if they wish to keep it. If not, you should cancel the coverage and receive a refund. You should also check all other products and services, such as GAP insurance, to make sure they can be cancelled and a refund issued if the buyer doesn’t wish to transfer them.

Step 3: Finalize the Paperwork

Once you have an estimate of the vehicle’s worth, assessed its condition, and transferred or cancelled any warranties, you can begin to finalize the paperwork. This typically involves signing the title over to the new owner and transferring the registration and insurance to the new owner. You should also provide the buyer with any other documentation, such as service records, that they may need to properly operate the vehicle.

Step 4: Collect Payment

Finally, you can collect payment from the buyer for the vehicle. Depending on the type of payment you’ve agreed upon, it may be in the form of cash, a check, or a bank transfer. Once you have received the payment, the sale is complete.

What are the Things to Consider When Selling a Vehicle With Extended Warranty?

1. Does the warranty transfer to the new owner?

Yes, an extended car warranty can be transferred to a new owner. The process is relatively straightforward, and usually just involves the current owner contacting the warranty company or dealership to initiate the transfer process, or sending a letter to let the warranty provider know about the sale of the car. The buyer is also involved in the transfer process, providing the warranty provider with their basic contact information and details about the sale. Change of ownership documentation such as receipts and records might also be required. Third-party protection plans typically come with higher maximum term limits, so it might be easier to transfer a contract from an independent provider.

2. What is covered by the warranty?

The car warranty covers repairs, including parts and labor, to correct any defect in materials or workmanship for 3 years or 36,000 miles, whichever comes first. It also includes warranty coverage on tires against defects in material or workmanship (wear-out is not considered a defect) and towing to the nearest authorized dealership for warranty repairs. Covered components include components such as the engine block, cylinder head, manifolds, timing gears, oil pump, all internally lubricated parts, seals, gaskets, and internal electrical components of the engine; the transmission/transaxle and transfer case (if equipped); propeller shafts, universal joints, constant-velocity joints, axle shafts, bearings, final-drive housings, and all internally lubricated parts of the drive systems. However, routine maintenance, slight noise, vibrations or other normal characteristics of the vehicle, and damage due to accident, misuse, insufficient maintenance or alteration are not covered by the warranty.

3. Who is the warranty provider?

When purchasing a vehicle, it is important to consider who the warranty provider is and what their coverage entails. The warranty provider is typically the manufacturer or a third-party warranty provider. If the vehicle has an extended warranty, it is important to take note of this as it can be transferred to the new owner when the vehicle is sold. A third-party warranty provider typically requires basic contact information of the new owner along with documentation and receipts proving the transfer of ownership. If the vehicle is covered by a manufacturer warranty, the process of transferring ownership is typically straightforward and involves calling or writing to the company with the sale details and the information of the new owner. This process can take up to 30 days after which the new owner can start to benefit from the warranty.

4. What are the terms and conditions of the warranty?

What are the terms and conditions of the warranty?

1. Take your vehicle to any authorized dealer facility to obtain service.
2. Those repairs qualifying under the warranty will be performed at no charge.
3. Repairs which do not qualify will be charged to you.
4. Warranties cover problems the manufacturer considers defects and kick in when a component doesn’t live up to reasonable expectations.
5. Warranties do not cover damage from accidents or when using your car in a way the manufacturer didn’t intend you to use it.
6. Warranties also do not cover normal wear and tear.
7. Warranties can come in a variety of options, ranging from basic coverage to complete coverage.
8. Warranties may require a transfer fee if the ownership of the vehicle is transferred.
9. Manufacturer warranties are typically active immediately after the sale of the car and will hold their coverage through a certain period of time or mileage count, whichever comes first.
10. Manufacturer warranties are typically “bumper to bumper” warranties, meaning they have very few exclusions.

5. Review the warranty document for details

When reviewing the warranty document for a vehicle with extended warranty, it is important to review the following: the coverage period, the type of coverage (e.g.: mechanical, electrical, body, etc.), the terms of the transfer, alternate transportation or reimbursement of certain transportation expenses, any service contracts offered, the mileage and purchase date of the vehicle, and the components covered under the warranty with associated repair costs. Additionally, be aware of any solicitations from third-party companies that may be trying to sell you a service contract and be sure to get all the details before providing any personal financial information.

6. Check with your state to ensure it is legal.

Yes, it is legal to sell a vehicle with an extended warranty in Michigan. When purchasing a new or used vehicle from a dealership, the dealer is responsible for providing the buyer with all necessary forms and ownership documents, collecting the necessary fees and taxes, filing the title application with the Michigan Department of State, handling the purchase or transfer of the license plate, and providing copies of all paperwork. The buyer should also receive a copy of any written warranty on the vehicle or any services purchased, an odometer mileage statement (if buying a new vehicle), a Buyer’s Guide window sticker (if buying a used vehicle), and a finance contract or lease agreement. As long as all of the above documents are provided, it is legal to sell a vehicle with an extended warranty in Michigan.

7. Consider the dollar amount of the warranty in relation to your vehicle’s value.

Determining the dollar amount of an extended car warranty in relation to the value of your vehicle is an important step in making a strategic financial decision. Here is a step-by-step guide to do so:

1. Determine the type of warranty you purchased. If you purchased your vehicle brand new, chances are you had a five-year/60,000-mile bumper-to-bumper or 10-year/100,000-mile factory powertrain warranty. If you purchased an extended or aftermarket warranty, the coverage will be dependent on the length of time or mileage driven from the day you purchased the coverage.
2. Estimate the current market value of your vehicle. This can be done by checking the Kelley Blue Book value for your car’s make, model, and year.
3. Contact the warranty provider. Ask them for the amount of coverage left on your warranty and the amount of money you would receive if you were to sell your car before the time and/or mileage limitations expire.
4. Compare the coverage left on your warranty with the current market value of your vehicle. If the remaining coverage is more than the market value, it may be worth purchasing an extended warranty.
5. Make your decision. Weigh the pros and cons of getting an extended warranty and decide if it is the right financial decision for you.

8. Research the quality of the warranty provider

Step 1: Research The Extended Warranty Company

Do research on the company you are considering. Look into their customer reviews, industry standing, Better Business Bureau rating, and any other customer service or service contract reviews you can find. If they have a money-back guarantee, make sure you know the details.

Step 2: Compare Plans

Look at the different plans offered by the warranty provider and compare them to other companies. Take note of the coverage options, cost, and other benefits such as roadside assistance.

Step 3: Transfer Ownership

If you plan on selling your car and transferring the warranty to the new owner, make sure the company you are considering allows for such transfer. Companies like Endurance and Olive offer this option.

Step 4: Contact The Provider

Once you have done your research, contact the warranty provider and ask for the best deal possible. Many times they will offer you a discount if you ask.

9. Make sure you understand what is required to make a claim.

When considering an extended warranty for a vehicle, it is important to know what coverage is being offered, who is offering it, and the terms of the warranty. Before purchasing, make sure to do your research to compare the extended warranty to the manufacturer’s warranty, as you don’t want duplicate coverage.

Step-by-step instructions for making a claim for an extended warranty:

1. Locate the original extended warranty contract or the proof of purchase.
2. Review the terms of the warranty to determine if the repair or replacement is covered.
3. Contact the company who provided the warranty to file a claim.
4. Provide all requested documents and information to the company.
5. If approved, the company will provide instructions on how to proceed with the repair or replacement.
6. Once the repair or replacement is complete, submit the necessary paperwork to the warranty company to receive the reimbursement.

10. Check with your insurance provider to ensure the warranty is covered.

Step 1: Check the vehicle’s odometer to see if it has exceeded the manufacturer’s warranty limit.

Step 2: Make note of the vehicle’s VIN (vehicle identification number) and contact any dealership selling the same car brand to find out the date of purchase.

Step 3: Contact the previous owner (if applicable) to find out if the warranty was transferred to you when you bought the car.

Step 4: Check your car’s owner’s manual to determine the specific warranty coverage included when it was initially sold.

Step 5: Contact your insurance provider to make sure the warranty is covered and find out what additional coverage may be available.

Are Vehicle Service Contracts Transferable?

1. Yes, vehicle service contracts are transferable

Yes, vehicle service contracts are transferable in some cases. Generally, an extended car warranty can be transferred to a new owner as long as it is allowed by the provider. Depending on the type of warranty, Bumper-to-bumper warranties and powertrain warranties are typically eligible for transfer of ownership. However, the coverage and price of the policy are only applicable to one specific car and cannot be applied to a different car. Furthermore, transferability of the warranty is based on the contract with the company from whom you purchased the coverage. Therefore, you should read the fine print of your contract to ensure the plan is transferable.

2. The warranty company will have to approve the new owner

Transferring a vehicle service contract to a new owner is a straightforward process that typically doesn’t require much, but the approval of the warranty company is required. Here’s a step-by-step guide on how to get the warranty company to approve the new owner:

1. Check the coverage provided with the vehicle. In the case of a dealer warranty, call the dealership, share the vehicle’s VIN and check what type of coverage is offered and how much time/miles are remaining. For a third-party warranty, gather basic contact details of the new owner along with documentation and receipts proving the transfer of ownership.
2. Check if your car has an extended warranty. You can read up on our guide to check if you have coverage or not.
3. In many cases, the warranty provider will accept the title and/or registration of the new owner as proof of their ownership. Contact the warranty company with the new owner’s contact details and documents.
4. Some third-party warranty providers may charge a fee for transferring the contract to the new owner. Contact the warranty provider and ask about any transfer charges.
5. The warranty company will review the new owner’s details and documents and approve the transfer of the contract. After approval, the new owner will be able to claim the full benefits of the vehicle service contract.

3. The new owner will have to pay a transfer fee

Transferring a vehicle service contract from one owner to the next can involve a fee depending on the warranty provider. Generally, the fee for transferring a vehicle service contract is anywhere between $30 to $100, and some companies may even do it for free. The fee is typically charged by third-party warranty providers, and not by the manufacturer. Before initiating the selling process, it is important to confirm with the warranty provider if they are charging any transfer fee and if so, how much. The new owner may also need to provide the warranty provider with documents such as the title and registration to prove ownership. Once the paperwork is submitted and the transfer fee is paid, the warranty provider will issue an identification card to the new owner.

4. The new owner will have to submit paperwork and pay a deductible fee

In order for a vehicle service contract to be transferred, the following paperwork and fees are required:

1) A copy of the front and back of the original title with original owner and new owner signatures;

2) A copy of new owner’s temporary or permanent registration;

3) A copy of the bill of sale agreement;

4) The new service contract, completed and signed by the purchaser;

5) The transfer fee of $99 by check, money order, or credit card (credit card authorization is required).

In addition to the paperwork and fees, both the seller and the new owner must have proof of Michigan No-Fault insurance, a valid vehicle registration, tab, and license plate to own and operate the vehicle in Michigan.

5. The warranty is only transferable if the manufacturer allows it

Yes, a vehicle service contract can be transferable. The transferability of the warranty depends upon the terms of the contract and the provider from whom you purchased the coverage. Manufacturer warranties are typically transferable as they are associated with the car’s VIN, not the owner’s name. Extended warranties may also be transferable depending on the provider, as some companies include transferability as an additional perk to make the car more attractive for resale. Bumper-to-bumper warranties are usually transferable as well.

6. The warranty is only transferable if the dealer allows it

Yes, a vehicle service contract is transferable, depending on the type of warranty and the provider. Manufacturer warranties are typically offered on new and like new vehicles and are usually transferable to the new owner with proof of ownership, such as a title and/or the car’s registration. Extended warranties are bought from private companies and are also typically transferable, though the process may vary depending on the terms of the plan.

7. The warranty may not be transferable if the vehicle has been in an accident

Yes, there is a limit to the extent to which a vehicle service contract can be transferred. Transferability of a warranty is based on the specific terms and conditions of the contract between the purchaser and the company providing coverage. It is important to note that warranties are never transferable from one vehicle to another, as coverage and price are based on the specific car in question. The same is true for health insurance policies, as rates and coverage are based on medical history, lifestyle, and demographic. Companies set their rates based on their risk of having to pay out a claim, so transferability is limited to the terms of the original contract.

8. The warranty may not be transferable if the vehicle has over 45,000 miles

Yes, vehicle service contract warranties are typically transferable. Manufacturer warranties are typically associated with a car’s vehicle identification number (VIN) and not the original owner, meaning the remaining time or miles on the warranty can usually transfer to the next owner. Aftermarket warranties are also typically transferable, though it will depend on the terms and conditions of the specific warranty contract. However, transferring an aftermarket warranty is never automatic and the buyer and seller will need to take the necessary steps to ensure the warranty transfer is complete.

9. The warranty may not be transferable if the vehicle has been modified

Yes, a vehicle service contract warranty can be transferable depending on the type of warranty and the provider. Manufacturer warranties are traditionally offered on new and like new vehicles and tend to have very few limitations to their coverage. On the other hand, extended warranties can be bought from a private company and have your choice of coverage and payment options. These warranties can be transferable depending on the provider and terms of the plan you chose. It is important to note that warranties are never transferable from vehicle to vehicle, and that they usually don’t cover racing your car on (or off) a track, taking it off-road, or other non-standard uses, as this can void the warranty.

10. The warranty may not be transferable if the vehicle is out of warranty

Yes, a vehicle service contract warranty is transferable, however it depends on the type of warranty and provider from whom the policy was purchased. Manufacturer warranties are typically transferable since they are associated with a vehicle’s VIN number, and not the name of the original owner. However, extended warranties may or may not be transferable depending on the terms of the contract and the provider.