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Topics such as new car shopping, model comparisons, and used car buying guides have been covered in detail over the years, so today we’ll cover a topic that many still consider a financial drain, namely extended warranty packages.
If you’re used to buying and selling cars, you know that it’s only recently that car dealerships have started offering extended warranty packages. Back in the day, if you bought a used car, it was common that it didn’t come with any form of warranty.
More established players will go the extra mile with basic pre-transfer service, and some will even offer third-party guarantees for that extra peace of mind. Since they are primarily sales oriented, the scope of the warranty can vary widely – just ask around and you’ll know what we mean.
Brands like myTukar go even further. For example, all vehicles sold on its platform come with a one-year extended warranty, as well as one year of free service. Deals like this can be hard to find if you’re looking elsewhere for a used car.
Another notable initiative is the Hyundai Promise extended warranty program from Hyundai-Sime Darby Motors (HSDM). It is for older models such as the Elantra MD, Elantra AD, Sonata LF, Tucson LM, Tucson TL, Santa Fe DM and Starex.
The only problem is that the vehicles must not be more than eight years old from the date of manufacture, and the cars must also be within 300,000 km in the fifth year from their date of purchase. This extended warranty program works exactly like a new car warranty program, but subject to annual renewal and limited to a cap of 30,000 km per year.
Is it really a form of cash grabbing? Well not really. Think of it as insurance. You will never know when your engine or transmission will shut down. When they do, you’ll be glad you got that “insurance,” because otherwise you’ll be slapped with some pretty hefty, anxiety-provoking repair bills.
Other extended warranty benefits may include 24-hour roadside assistance with free towing. Also, when it comes to selling a vehicle with an active warranty package, it is very likely to sell for a higher than average price.
Chances are that such owners took good care of the car during their period of ownership and did not put themselves at the mercy of possible mechanical breakdowns. Think about it, wouldn’t you also be more willing to pay a little more for a well-maintained used car still under warranty?
myTukar AutoFair 2022 – used cars with peace of mind
As mentioned above, every myTukar purchase includes a 1-year extended warranty and 1-year free service. It will be as easy as buying used cars. There’s even a five-day money back guarantee – no questions asked – if you somehow change your mind, or the other half doesn’t approve!
The myTukar AutoFair 2022 will be held from January 7 to 9, 2022 at myTukar Retail Experience Center – Puchong South. Defined as Malaysia’s largest used car event with over 1,000 used vehicles available, you will find a wide selection of popular cars such as Perodua Axia and Myvi, Proton Saga and Persona, various Honda and Toyota models, and even premium options from BMW, Mercedes-Benz and Volvo.
Along with the usual myTukar perks, buy a car at myTukar AutoFair 2022 and you’ll also get an extra year of free service (two in total), loan interest rates as low as 1.68%, same day loan approval and car collection, and Trapo car mats for all models. Do you have an existing car to trade in? myTukar will provide you with a trade-in offer on site.
There is more. Shoppers will also be entered into the myTukar Lucky Spin promotion to win one of six prizes, including a ninth generation iPad. You’ll also be in the running to ride home in a Proton X70 Premium with the myTukar 4th Anniversary Contest. Visitors can enjoy refreshments and visit booths of partner brands, among other attractions.
By the way, strict Covid-19 prevention procedures will be applied, including contactless payment and mandatory masks, full vaccination and social distancing. More information can be found on the myTukar 2022 auto show homepage, and you can also browse the inventory here to find what you are looking for.