When you purchase a product, you expect it to last for a certain period of time. But what happens when it breaks down or stops working? That's where warranties come in. A warranty is a guarantee that a product will be free from defects or that it will be repaired or replaced if it fails to meet the manufacturer's standards. But are warranties transferable? The answer is yes, in most cases.
Full warranties are transferable, meaning they don't limit implied warranties or require the consumer to pay any fees to obtain the service (such as shipping costs). They also offer customers the option of a replacement. It is against public policy to sell a guarantee that cannot be transferred, so almost any warranty should be transferable. When the car manufacturer's original warranty expires, you can look for an after-sales warranty to cover your car. There are many of these after-sales companies, and most offer transferable guarantees.
Other warranty companies may offer both types of contracts that you can transfer and those that you can't.When you're in the process of buying a home, be sure to ask questions about warranties and whether they can be transferred. FOX43 spoke to the pool company and they said that it is not their business practice to transfer guarantees from one owner to another. When someone buys a home, they are likely to assume the guarantees for the items in the house (appliances, the pool, the shed, the oven, etc.) David Hernandez, HVAC services manager and instructor at Abacus Plumbing, Air Conditioning & Electrical in Houston, says that the manufacturer's warranties are independent of the parts and labor warranties offered by individual service providers. Endurance offers six plans, five of which are extended warranties with different levels of coverage to protect against mechanical breakdowns. Buying a car with a manufacturer's warranty has its advantages, but even the best new car warranties are limited and some car manufacturers don't offer the possibility to transfer. Remember that manufacturer's warranties aren't the last option, but you can still protect your car with an extended warranty. This is because manufacturer warranties are associated with the vehicle identification number (VIN), not the name of the original owner.
ConclusionIn conclusion, most warranties are transferable and offer customers the option of a replacement if their product fails to meet the manufacturer's standards.
When buying a home or car, be sure to ask questions about warranties and whether they can be transferred. You can also look for an after-sales warranty to cover your car if the manufacturer's original warranty expires. Finally, remember that manufacturer's warranties are associated with the vehicle identification number (VIN), not the name of the original owner.