Are you an individual and are you thinking of putting your used car up for sale? Do you already have it advertised on a specialized portal? Perhaps you are about to close a sales agreement with a potential buyer?
In any of the three cases, you should know that you can significantly simplify the transaction procedure by using the services of the Gestioon platform, which will quickly carry out the car transfer online and perform any other procedure related to the purchase and sale operation for you.
But, when selling your used car, there is something else you have to take into account: the guarantee that you must offer to the buyer.
Individuals, obliged to offer a guarantee when they sell their vehicle to another individual
Until recently, only dealerships and vehicle sales companies were obliged to guarantee their vehicles.
But the situation has changed: since January 1, 2022, Spanish legislation (Royal Decree-Law 7/2021) establishes that any person who sells a used car to another individual must offer a minimum guarantee of 6 months.
This guarantee covers hidden defects, that is, those defects that exist at the time of sale and that are not detectable. It also covers breakdowns that are the consequence of the lack of maintenance of the vehicle, while it was in the hands of the person selling the car.
Guarantee insurance: sell your used car and sleep soundly
Is there any way to avoid the circumstance that the car you have sold breaks down and you have to take care of an expensive repair?
The correct answer is yes: some insurance companies market a guarantee insurance, specific for used vehicles. This is an insurance product that during the mandatory guarantee period covers:
- Possible hidden defects of the vehicle and breakdowns derived from those hidden defects.
- Other car breakdowns, provided that the buyer can reliably demonstrate that its cause has been the lack of maintenance of the same by the seller.
How to contract this type of insurance
According to those responsible for the gestioon.com portal, specialized in the transfer of cars online, the contracting procedure is as follows:
Once the request has been made and the documentation of your vehicle has been provided, it will be subjected to a mechanical review by the insurer. If everything is in order, you will only have to formalize the contracting of the guarantee insurance.
And if in the prior review of the vehicle by the insurer, lack of maintenance is observed or the malfunction of some element or some hidden defect is detected, you will have to correct them so that the insurance company agrees to formalize the insurance operation.
How much does the guarantee insurance of a used car cost?
It depends on the type, age and mileage of the used car. Depending on these factors, the indicative average price is between 80 and 150 euros.
That is, it is a very affordable insurance product. In addition, given its low amount, you can always choose to add the cost of the guarantee insurance to the amount you intend to obtain for your used car.
