Purchasing a used car in the Philippines has been a daunting experience for many. A buyer can never be fully confident about the vehicle’s apparent and not-so-apparent condition, which impacts the long-term reliability and performance of the vehicle.

To provide second-hand car buyers some peace of mind, a new warranty service aims to transform the buying experience of a used vehicle by bringing a new level of transparency to the process. Say hello to Premium Warranty Services Philippines Inc (PWSPI).

The company aims to be the premier provider of both inspection and warranty services for second-hand vehicles in the Philippines. Made possible via a joint venture between GT Mobility Ventures, Inc. (GTMV), itself a partnership between GT Capital Automotive Dealership Holdings, Inc. (GTCAD) and Mitsui & Co, Japan, and Premium Group Co. Ltd., Japan’s number one automotive warranty provider, PWSPI harnesses the strengths of its world-class partners to introduce a new and unmatched consumer experience to the pre-owned car market.

GT Capital sets up warranty service for pre-owned market image

One of its key services is Premium Inspection. It is an on-demand service that certifies a vehicle’s health based on its engine, body and frame, undercarriage, interior and exterior condition, and registration details. Eligible vehicles identified through inspection can then be covered by PWSPI with a1-year or 2-year warranty period

The company also offers an extensive 188-point inspection on any used vehicle and provides a detailed report on its condition. With the help of trained technicians using world-renowned Japanese standards, buyers can find a quality secondhand car from all the available options in the market. PWSPI provides the necessary information to remove the guesswork, minimize the risk and purchase with confidence. In addition, used car dealers can greatly benefit from the service as it gives transparency to the vehicles they offer.

“Premium Warranty Services Philippines aims to radically change the purchasing and ownership experience of pre-owned car buyers – for a very wide range of car brands in the country. Through our inspection and warranty services, we empower customers by assuring them of the quality of the used vehicles they are purchasing for a worry-free car ownership. PWSPI also helps used car sellers to build a stronger relationship with their buyers and provide better value on the vehicles that they are selling,” said Vince Socco, Chairman of PWSPI.

GT Capital sets up warranty service for pre-owned market image

In a marketplace that has grown accustomed to buying and selling on an “as is where is” basis, Premium Warranty transforms the way Filipinos buy used cars. Besides safeguarding customers’ investment from hidden faults, defects, and sudden breakdowns, PWSPI provides repair service on more than 200 parts. Buyers can also claim a warranty and have their vehicles repaired at no cost – a benefit only previously enjoyed by those who buy brand new vehicles.

“Our goal at PWSPI is to create a more transparent used car marketplace in the Philippines that benefits both buyers and sellers. We welcome pre-owned car dealers to join our journey and together provide a better used car experience to all Filipinos,” added Socco.

With this kind of quality service for used cars, PWSPI hopes to deliver worry-free vehicle ownership and change the way Filipinos perceive the secondhand car market.