Premium Warranty Services starts business in PH

Japanese automotive warranty provider Premium Warranty Services announced the start of its commercial operations in the country.

Designed to transform the pre-owned buying experience locally, the Premium Warranty Services Philippines, Inc. (PWSPI) was realized through a joint venture between GT Mobility Ventures, Inc. (GTMV) which is 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.

In a statement, PWSPI is eyed to be the premier provider of both inspection and warranty services for secondhand vehicles country as it “harnesses the strengths of its world-class partners to introduce a new and unmatched consumer experience to the pre-owned car market.”

PWSPI Chairman Vince Socco expressed his confidence in the latest undertaking. “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.”

He added, “The Filipino deserves – and demands – no less than the same world-class standards for pre-owned vehicle services offered in more developed countries,”.

Premium Group Co., Ltd. is the largest automotive warranty provider in Japan with more than one million total warranty contracts and 23,500 partner dealers. The Tokyo-based company has 14 years of experience under its belt.

Building on its success in Japan, the Premium Group expanded its presence to Thailand and Indonesia. Recognizing the strong potential of the Philippine market brought about by the advent of motorization, PWSPI believes that its entry to the Philippines is a timely one.

“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,” Socco explained.

The company claimed that it has started collaboration with “some of the most reliable technology partners to make sure that its services always remain in the leading edge of the business.”

Through the help of its skilled technicians using world-renowned Japanese standards, PWSPI conducts an extensive 188-point inspection on any used vehicle and provides a detailed report on its condition that would reduce risk on used car purchase.

The inspection service 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 a one-year or two-year warranty period.

Further, PWSPI offers a network of accredited repair shop nationwide. “The company’s services will be applicable to most major Japanese, American and Korean car brands at launch, with plans of expanding to European and premium brands in the near future,” PWSPI shared.

Photos from Premium Warranty Services Philippines, Inc. (PWSPI)

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