Warranty before selling?

[NewbishDelight]

Chaps, after a bit of advice.

My V8V is on the market (I'm not advertising in this forum, so don't worry!), but I have the option of sticking another 12mo Timeless warranty on it for around £2200.

So, my question is - is it worth paying for the warranty? Am I likely to make anything like that back on the car?

Would it make a difference if you were looking at buying again?

[Graze01]

Can you not get the inspection done, have the report available and only buy the warranty as a deal maker when you have a committed buyer

It would certainly make a difference to my willingness to buy

I will be getting the inspection done by AM on my next car and only buying if all clear and then putting the warranty on it

Graeme

[Manx V8V]

Use it as a bargaining point, tell any prospective buyer that the option to extend is available at a cost, and let them choose if they want to include it at their expense or maybe offer a 50/50 deal on the cost.

[murphyaj]

As a buyer I'd be more willing to choose a car with a warranty on it, but it definitely wouldn't be worth £2200 to me.
I agree with the previous reply, market it as having to option to extend the warranty, then the buyer can choose.

[NewbishDelight]

Cheers guys.

Turns out that the report becomes pointless once the car leaves the workshop - so not really a guarantee.

I'll going to the pain and then if it takes three months for someone to buy....I get to enjoy the car with a warranty! Pretty keen on the Timeless one - they fitted a new engine on the car in July, which would have been a cool £13k without the warranty.

[macdeb]

NewbishDelight said:

Cheers guys.

Turns out that the report becomes pointless once the car leaves the workshop - so not really a guarantee.

I'll going to the pain and then if it takes three months for someone to buy....I get to enjoy the car with a warranty! Pretty keen on the Timeless one - they fitted a new engine on the car in July, which would have been a cool £13k without the warranty.

what was the engine issue?

[akadk]

It’s a regulated insurance product so you can cancel at any time and get a pro rate refund if you have not claimed

[NewbishDelight]

macdeb said:

what was the engine issue?

Misfiring. Warranty company said to swap out the engine rather than spend money identifying the fault in detail (and then maybe have to swap it anyway). Best guess is that my old engine is currently being refurbished to replace the next one that fails!

akadk said:

It’s a regulated insurance product so you can cancel at any time and get a pro rate refund if you have not claimed

Ahh, good to know, thank you!

[V8V Pete]

Wow! Replacing engines for misfires and noisy tappets. No wonder the warranty is expensive.

[NewbishDelight]

V8V Pete said:

Wow! Replacing engines for misfires and noisy tappets. No wonder the warranty is expensive.

I know, crazy right? Might have been more to it, but that's what Works was telling me. It is a very good warranty TBF, just also very expensive!