Japan’s Premium Group enters PH used car inspection, warranty business

Premium Warranty Services Philippines, Inc. (PWSPI) has started its commercial operations in the country.

Aiming to be the premier provider of both inspection and warranty services for secondhand vehicles in the Philippines, PWSPI harnesses the strengths of its world-class partners to introduce a new and unmatched consumer experience to the pre-owned car market.

PWSPI is 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. 

“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,” shared PWSPI Chairman Vince Socco. “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.”

Premium Group Co., Ltd. is the largest automotive warranty provider in Japan with more than 1 million total warranty contracts and 23,500 partner dealers. The Tokyo, Japan-based company has 14 years of experience in the industry. 

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.

The company 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.

Premium Inspection 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 a 1-year or 2-year warranty period.

Besides safeguarding customers’ investment from hidden faults, defects and sudden breakdowns, PWSPI provides repair service on more than 200 parts. Buyers can also claim warranty and have their vehicles repaired at no cost.

PWSPI also has a nationwide accredited repair shop network with locations in major cities, allowing owners to enjoy the drive to most parts of the country. 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.

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Source: Speed Magazine PH