Does an extended warranty add value

[SilverBillet]

I am planning to sell my 2016 Hellcat Charger. It has 6,700 miles on it. I bought a refundable 7yr/60,000 bumper to bumper warranty. Does it add value to my selling price or should I cash in the prorated value of the warranty before selling the car?

 

[Hellcatcfp]

I would say it will add value, but check on refund amount as it may pay to cancel for you? However, if the buyer wants to buy and mod it then it will add no value to that type of buyer. I, however, would appreciate it as a buyer.

 

[Designflaw]

Verify its transferable, some have restrictions.

 

[SilverBillet]

It’s transferable but not refundable for the new buyer

 

[Stormtrooper1320]

I am planning to sell my 2016 Hellcat Charger. It has 6,700 miles on it. I bought a refundable 7yr/60,000 bumper to bumper warranty. Does it add value to my selling price or should I cash in the prorated value of the warranty before selling the car?

I've purchased extended warranties on the last 3 new vehicles I bought. When I traded them in the extended warranty didn't add any value to the deal, and the finance people all told me to cancel them and get some money back. It was a pretty easy process to do that.

 

[SilverBillet]

I’m not trading it in or selling back to the dealer. I’m thinking it should be worth something to a private buyer

 

[Stormtrooper1320]

I’m not trading it in or selling back to the dealer. I’m thinking it should be worth something to a private buyer

It might be if the price is right and it's transferable. Good luck on the sale.

 

[Detroit Muscle]

It will provide "peace of mind" to the new buyer.

 

[Catless]

Find out the cash out price of the warranty. If the buyer wants to pay that fine, if not cancel it and get the refund.