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sgCarMart rolls out a new initiative for secondhand car buyers - an in-house warranty programme - with prices starting from as low as $200.

11 Nov 2020 | Local News : Singapore


sgCarMart, the number one car classifieds for buying vehicles, has announced the launch of a Used Car Warranty Programme in Singapore. The programme is underwritten by global insurance company Tokio Marine and administered by Assurant, Inc., a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases.

Under the sgCarMart Used Car Warranty programme, the vehicle undergoes a thorough inspection process with detailed visual inspections and electronic diagnostics by qualified technicians to ensure the engine and transmission are in good condition.

With the sgCarMart warranty packages, coverage can range from six months to two years, with basic packages starting from as low as $200
A test drive is also carried out during inspection as a final step to ensure the vehicle is eligible for the sgCarMart Warranty. Once eligibility for the warranty has been confirmed, the vehicle will be listed on sgCarMart.com with the sgCarMart Warranty label, therefore giving it higher visibility. This new initiative is focused on giving consumers, looking to purchase pre-owned vehicles, peace of mind.

"For pre-owned cars, one of the most worrying issues can be reliability. Buyers can be assured that vehicles with the sgCarMart Warranty label have gone through a stringent inspection," says Vincent Tan, General Manager of sgCarMart. "The programme was designed with the car buyer in mind, and we work with globally recognised partners, minimising the risks associated with purchasing a pre-owned car."

Under this programme, cars that breakdown will be handled by sgCarMart through a network of partner workshops. "Access to vetted and reliable workshops adds to the car buyer's peace of mind," Mr. Tan adds. Under the warranty period, valid repairs done by authorised workshops are billed directly to sgCarMart, making the process faster and easier for the car owner.

Cars which have the sgCarMart warranty will display "sgCarMart Warranty - the best protection for your car" on their advert
"As a business, we pioneered extended warranties for cars, and we are thrilled to partner with sgCarMart in bringing peace of mind to car buyers through the Used Car Warranty programme," says Hemaka Perera, President of Assurant Australia, New Zealand and Singapore. "For dealers, it enables them to sell pre-owned cars with confidence. For buyers, it can ease some of the worries associated with buying a pre-owned car," Mr. Perera explains.

Warranty packages range from six months to two years, and a basic package starts from as low as $200. Currently, the programme is only available to car dealers under sgCarMart, with plans to roll out to direct consumers soon. For further information, please call sgCarMart at 9721 4997, or visit our warranty homepage here.

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