Extended Car Warranty: Used Car Dealers to Benefit

Mar 21, 2012, 05:30 ET from Warrantywise

ACCRINGTON, England, March 21, 2012 /PRNewswire/ --

According to the Warranty Group, car dealers are finding that there is much more attention being paid to older, less popular second hand and used cars, quite simply because they are being backed with an extended used car warranty.

The company applauded the idea 12 months ago and they are saying that it has been a wise move from the second hand car dealers. The Sales and Marketing Director, Ian Simpson agreed that it was a good idea and a good way to forward.

He said that the buying power of second hand car buyers has somewhat 'diminished' over the last few years as stock levels lower and prices rise and so far in 2012 this trend seems to have accelerated. It's because of factors like these that there are so many second hand cars that are being backed with car warranties.

Talking about car warranties, Mr. Simpson said he believes that a stronger car warranty helps give the people who are buying a car some kind of 'financial safety net'. Essentially for those buyers who are wary about the history of the car they're buying but they can also be vital for dealers.

This is something that Mr. Simpson thinks could be in place for a while yet. Speaking about it, he said: "Customers have now been looking for a higher and higher level of protection against unexpected costs for some years.

"It is a trend that shows no signs of abating and, alongside a general new car market move towards longer warranties, means that customers now desire a very comprehensive level of used car warranty cover."

If you have a used car and you're looking to buy a warranty for it then you should have a shop around and check out Warrantywise to see what they can offer you. Not only do they offer a wide range of different warranties, they also offer good value for money.

Media Contact Details

Scott Baxter
Warrantywise
Clayton-le-Moors
UK
+44(0)800-169-7880
Email: info@warrantywise.co.uk

SOURCE Warrantywise