Let’s just take a second to note that Hyundai’s 10-year/100,000-mile warranty is for powertrain coverage – meaning the engine, transmission and related components. A powertrain warranty is different than your basic bumper-to-bumper warranty.
That said, Hyundai’s 100,000-mile powertrain warranty is non-transferable to used-car owners; it’s only applicable to the original owner. Bummer, right? Once the car leaves the original purchaser, the second and subsequent owners have a five-year/60,000-mile — from the manufacturing date — warranty.
Hyundai’s bumper-to-bumper coverage is transferable when the car swaps owners. It’s good for five years/60,000 miles.
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As a service adviser at a Hyundai dealership, as a second owner of a Hyundai. Unfortunetly, you can only take advantage of the 3 yr/36,000 mile bumper to bumper warranty. Point blank. Hyundai makes no exceptions!
High depreciation is probably the only thing that makes a Hyundai a less desirable lease or purchase than it's competitors. If Hyundai allowed the 10/100,000 warranty to be transferable, used Hyundais would be the best deal on the market. Their resale values would go up, residuals would go down and new vehicle leases and sales would increase. There is no other reason not to consider a Hyundai besides depreciation, which is driven by historic market perception. Hyundai now produce superb vehicles.
Hyundai should seriously consider changing their warranty policy.
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As the previous owner of two Hyundais in the past I was well aware of their non-transferable warranty to second owners (the 5ry/60k mile warranty is still good IMO though). However, a lot of people must not know about this, as I always see ads for used Hyundais with 60k miles+ that state it still comes with factory warranty. I wonder how many people have bought a used $2k Accent thinking it still comes with a warranty and are disapointed if it needs to go to the shop? On a side note; I never needed the warranty on my two Elantras; they were both terrific cars.