• Jun 1, 2007
Hyundai has just announced a new Certified Pre-Owned Limited Warranty on used (sorry, "previously owned") vehicles that are up to five years old and have less than 60,000 miles. Known for being the first to offer a 10-year/100,00 mile powertrain warranty on its new cars, Hyundai will now be including that same lengthy coverage with the purchase of a CPOV.
Hyundai's original 10-year/100,000 mile powertrain warranty really forced the automaker to improve the quality of the cars it builds, otherwise the cost of warranty repairs would have put it out of business. That warranty first began around Y2K, so any vehicle that qualifies for Hyundai's new Certified Pre-Owned Limited Warranty was originally sold with its new car warranty. The new 10-year/100,000 mile powertrain warranty for pre-owned vehicles demonstrates that Hyundai is clearly confident in the cars it built back in 2002.

[Source: Hyundai]


PRESS RELEASE:

HYUNDAI ANNOUNCES ENHANCED PRE-OWNED PROGRAM WITH AN INDUSTRY FIRST, 10 YEAR/100,000 MILE POWERTRAIN WARRANTY

FOUNTAIN VALLEY, CALIF., 05/30/2007 Hyundai Motor America today announced an industry first with its new Hyundai Certified Pre-Owned Limited Warranty, boasting a 10-year/100,000 mile powertrain warranty on used vehicles going back five model years with less than 60,000 miles. The enhanced pre-owned program and pre-owned warranty provides buyers with an added level of comfort and satisfaction with their vehicle purchase. The enhanced pre-owned program was launched to Hyundai dealers in May 2007, with warranty being effective from date of original sale. Hyundai's enhanced Certified Pre-Owned vehicle program will provide buyers with:

· Powertrain 10 year/100,000 mile warranty
· 150-Point Inspection
· $50 deductible
· Vehicles up to five model years old with less than 60,000 miles are eligible
· Roadside assistance
· Rental car coverage (up to $35/day for up to 10 days)
· Towing coverage (up to $75 per occurrence)
· Travel breakdown coverage (up to $375 per occurrence) · Diagnostics
· Related damage for specific parts
· Fluids
· New car financing rates through Hyundai Motor Financing Company

"We are very excited to launch an industry first," said Kimberly Walker, Hyundai Motor America's national manager of Assurance Products. "Hyundai's new vehicles feature America's Best Warranty™ and adding the same level of value to our pre-owned vehicles is just another example of how Hyundai stands behind their vehicles."

Additional options available to the Certified Pre-Owned Limited Warranty include service contracts such as the Hyundai Certified Pre-Owned Wrap Contract which raises the comprehensive coverage on non-powertrain components, Hyundai Vehicle Care Maintenance Program and Hyundai Road Hazard Tire and Wheel option.

Hyundai Motor America is working with Jim Moran & Associates, Inc. and its affiliated companies comprising the JM&A Group on this industry first, enhanced certified pre-owned program.

Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 750 dealerships nationwide.


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    • 1 Second Ago
  • 11 Comments
      • 7 Years Ago
      Good for Hyundai..
      This may be another way of saying to the rest of the automotive industry that Hyundai is building quality products and will stand behind its belief by offering one of the best warranties in the business. New or P-O.
      Is there another that offer a warranties this good?
      Perhaps the rest of the auto industry will now realize Hyundai is a serious competitor and may possibly pose a threat to the other top Asian companies. The progress they have made is amazing.
      • 7 Years Ago
      Proud Santa Fe Owner here.

      I bought a used 2002 Santa Fe 4x4 (all wheel drive) back in August 2004.

      It had 26k on it... and I recieved a warranty of 5 years / 60k... meaning I had a 34k / 3 yr warranty with the car.

      Long story short... 2 yrs later and 70k on the odometer and it's running like a champ. My wife uses daily back and forth to work.

      At 60 k I had a complete tune up - and belts.... which was a $1,000 job at Pep Boys. That timing belt was a $500 job alone.

      I had the transmission serviced at 34k and just last week at 70k.

      Radiator anti freeze changed twice so far... at the 70k mark and last summer during an oil change.

      Mobil 1 synthetic - 5w 30 every 5 - 7k ... Doesn't burn a drop.

      The original Bridgestone tires are still on it... and the fronts are going to be replaced in the next week or so... the rear still are in very good shape.

      Overall.. it's a damm good car.

      I am waiting for Hyundai to offer some deals / cash back and 0% financing on the new Santa Fe or Veracruz.. because I am going to buy another Hyundai.

      • 7 Years Ago
      The Hyundai warranty drops to 5 yr/60K on the second owner. GM's warranty is 5yr/100K fully transferrable. Seems like the better deal unless you plan to keep your car for 10 years. The 10yr/100K has shock value. May was well make it 50yr/100K original owner if you're going to drop it to 5yr/60K for the second.
      Mikey_B
      • 1 Year Ago
      Thanks for posting this article, I think many people get confused by extended warranties and it's a topic that needs to be offered in full detail. In all honesty, it does depend on the manufacturer as well as your driving habits. Not all extended warranties are created equal, and coverage will depend on the vehicle you buy. Before you buy one, you should also consider what parts and systems are included for repair or replacement. Also, whether or not you plan to drive your new vehicle for more than ten years, or if you plan to resell the car after a few years. If yours is transferrable to a second owner, having an extended warranty can actually help improve the resale value of your car. http://www.besthyundaideal.com/what-is-the-value-of-an-extended-warranty/
      • 7 Years Ago
      I own 2 Hyundais -- 2003 Elantra and 2007 Sonata. Only the Elantra has come in for warranty repair. Just recently I had the right headlight assembly replaced due to condensation inside the lens cover. Had no problems with the dealership whatsoever. They gave me a loaner and I only had to use it for less than 1 day.
      • 7 Years Ago
      This is because only the very best ones get "certified."

      You must not have read this article:
      Certified? Yes. Satisfied? Not Always.

      http://www.nytimes.com/2007/05/06/automobiles/06USED.html?ex=1336104000&en=b92ac9c5025c8504&ei=5118&partner=rssaol&emc=rss

      "The only guarantee with a certified used vehicle is that the dealer and the automaker make more money"

        • 7 Years Ago
        Thanks for posting the article about CERTIFIED....doesn't seem to mean much if labeled as such.
        Son and daughter both bought "certified" Honda Accords from same dealer this year....Hondas are very reliable whether certified or not...we will wait and see how they fair....
        This article will make me think twice before paying a premiun price for a car that may not be a premium article.
        thx again
      • 7 Years Ago
      Wait, wouldn't the original factory warranty apply anyway? Sounds like they're giving you something you already have, or am I missing something?

      The original factory warranty IS transferable, right?
      • 5 Years Ago
      I purchased a 2,008 Hyundai Santa Fe with 5500 miles on it. I left it in the driveway and after two days of heavy rain my rubber mat on the driver's side had some water in it. When I took it out I noticed the rugs were saturated with water. It took over two weeks for them to find the problem, replaced the top rug mat with another used mat in good condition. But how do I know how many rain storms that car was in? How do I know if wires were damaged, under rugs are moldy? What does the warranty cover in this situation, I don't feel good about buying this car anymore.
      • 7 Years Ago
      Are you in need of an extended auto warranty? www.AutoWarrantyShopper.com today to find the best extended warranty for your car, truck or other auto.
      • 7 Years Ago
      "Have you guys read the owner stories of people trying to claim the magical warranty"

      NO! Have you?