New Car Warranties

Purchasing a BMW isn’t only expensive because of the purchase price; many people who shop for luxury cars are concerned about added costs such as maintenance, insurance and new car warranties.  For many years BMW has offered to pick up the tab on maintenance costs for new car purchases for up to 50,000 miles or the first four years, whichever comes first.

Now, BMW has offered an extended plan of 100,000 miles or six years for an added charge of around $1,395-$2,995.  This plan includes all of the M performance models and diesels, but not the Alpina B7.  In addition, all current BMW owners that are under the 60,000/four-year plan are able to add on this new service.  BMW recommends that service be performed every 15,000 miles on new car models.

And if that offer isn’t enticing enough for potential car shoppers, the carmakers latest incentives might be exciting: BMW is now offering low financing of 0.9%, and will pay car payments for the first two months on select cars.  Depending on the price of the car, those payments should be over $1,000.

Getting the word out about a new product that meets the driving needs of young people, or a cynical attempt at branding oneself as “hip” by latching onto Millenials?

This question must be asked after the announcement by Ford about its scheme for advertising for the Fiesta, which is the European compact car that Ford is bringing to the U.S. in 2011.  This “Fiesta Movement” entails giving the keys of 100 Ford Fiestas to “100 socially vibrant Fiesta Movement ‘Agents’”, which will expand on their driving experiences on websites like YouTube and Facebook.

If you look at it from a business standpoint, the campaign is smart.  After all, Barack Obama proved that tapping into America’s youth could win you a Presidency.  In fact, Millenials are going to account for around 70 million motorists by the year 2010, or 28% of drivers who haven’t yet gotten the chance to develop loyalty for a particular brand.

Only time will tell if the Fiesta will catch on as a “movement”.  However, regardless, people are anticipating its arrival.  Information about pricing and new car warranties is yet to come.

Mitsubishi just confirmed that in the near future it would sell an electric car in the U.S. that is fairly inexpensive.

This small electric vehicle is called the i MiEV, which is short for Mitsubishi Innovative Electric Vehicle, and will be one of the very first EVs that will be mass-produced on the global scene, according to the carmaker.  Over the next several years, this car will begin to show up in Japan and Europe.

This car is based on the i, which is a small city car sold in Japan.  The transmission, gas engine, and fuel tank are replaced by an electric motor and battery pack.

The car will be able to travel 80 miles on a single charge, thanks to the lithium-ion battery pack.  When using a normal outlet it will take approximately 12-14 hours to charge.  According to Mitsubishi, though, there is a fast charger that will only take 30 minutes to give the car an 80% charge.

Consumers are excited about this vehicle coming to the U.S.  However, with any car make sure to get good new car warranties in case of unexpected repairs.

If you’re purchasing a pre-owned car you need to find out as much history as possible about it.  The car may have problems that are not apparent from a visual inspection or a test drive.

A car history report is a good way to find out what you’re getting.  This is a report prepared by a third party that is a compilation of information from DMVs, RMVs, and other sources.  A car history report will give you an overview of what the car has been through.

When getting a car history report look out for the following things.  This is not to say that you shouldn’t buy the car based on these issues, but certainly ask questions.

If a car has had a lot of owners, chances are it hasn’t been cared for lovingly.  These cars have probably endured more abuse.

Some areas of our country are easier on cars than others.  For example, extreme winter conditions are tough on vehicles, as are flood areas and extreme heat.

Make sure the name and description of the car match up with the actual car.  Read the description carefully to avoid vehicle fraud.

Car history reports, such as those from CARFAX are comprehensive and can save you from purchasing a lemon.  Also, to protect yourself, purchase new car warranties to avoid unnecessary expenses down the road.

The financing arm of GM announced that it would ease up on credit restrictions and even waive some dealer fees in order for more consumers to be able to get auto loans.  GMAC is going to make available $5 billion to new car buyers out there, which will hopefully pump up sales figures that have been severely depressed.  Until now, many motorists had to opt to keep their current cars with used car warranties, because they weren’t eligible for financing.

The elimination of some of these fees placed on dealers will give the dealers a break, however for consumers the implications even go further.  Since the credit markets seized in October of 2008, this is the first time that car shoppers having credit scores under 620 will be able to get a loan from GMAC.  Also, the company claims it will cut some rates for used and new cars, but it wasn’t specified how much.

GM is hoping this move will make the number of car buyers increase from 30%-35% for the GM dealers that finance using GMAC, which is approximately 70% of all of the GM dealers.  The company claims they will still be using discretion when deciding who will be able to get loans, and will take into account things like an applicants’ financial records and job status.  However, lots of people who couldn’t get loans before will be able to purchase new cars with new car warranties.

If you go car shopping you may notice that some vehicles charge extra for the paint job.  This can add up to $1,000 on top of the price of the car. This may feel like a lot of money when you factor in other car expenses such as new car warranties, and maintenance.   It’s hard to believe that a bright yellow paint job can actually cost that amount.  And will you get that additional money back when you go to sell the vehicle?

Paint on a new vehicle isn’t just a matter of spraying a color on like it was in years past.  Metallic and clearcoat finishes are operations that are multistage.  This means that they sometimes require a higher expense of the assembly line.

But, even considering that, auto manufacturers have discovered a new way to make an additional profit by hiking up the price of some of the colors that are more distinct.

When you come right down to it, these fancy colors only add a small fraction of value when you put your vehicle up for sale.  In addition, some of the colors that are a bit odd actually lessen a vehicle’s value.  You have to remember what the most popular car colors are today, shades of gray.

Lately, there have been many headlines stating that used vehicles are selling better than new vehicles.  However, car shoppers need to keep in mind that currently new cars have an abundance of cash-back incentives from carmakers, and pre-owned vehicles don’t.

Do you want to spend under $20,000 on a brand new car?  Or what about $15,000?  The small cars that are currently on the market are ten times better than cars that were made 10 years ago, and since their price tags are so small, even small incentives make up a big part of their total cost.  If you’re looking at a car that only costs $15,000, $1,000 cash back is a good deal.

Here are a few of the new small cars and their cash-back offers.  You can buy a 2009 Toyota Yaris for $12,205 with $1,000 cash back.  Also, You can pick up a 2009 Toyota Matrix for $16,290 with $1,250 cash back.  And if it is a Nissan you’re looking for, you can purchase a 2009 Nissan Sentra for $16,730 with $2,250 cash back.  In addition, you have to keep in mind that all of these cars come with a good auto warranty.  New car warranties will also save you money because you won’t end up spending unnecessary repair costs.

The stock market has deflated rapidly.  Layoffs, foreclosures and bankruptcies are higher than ever.  So this is the perfect time to begin selling sports cars that are $350,000 in Tampa, Bay, right?

Well, we will soon find out.

Officials of Ferrari are planning to open an extravagant new dealership in Palm Harbor and are also planning to sell Lamborghini and Bentley.  And this week the Elder Automotive Group opened up sales of the “Spyker” sports cars in the Southeast.

Together these extravagant dealerships will do a test on the theory that car enthusiasts who are filthy-rich will resist economic gravity and spend on a car what it would cost for a large home.

While most motorists are currently worried about paying for gas, car loans and new car warranties, there are still people out there who can afford luxury sports cars.  Will these dealerships survive?  That remains to be seen.

When purchasing a new car, it is up to consumers to do their homework before shopping.   This will ensure the best deal possible.  Three important tips will save you from unnecessary costs.

First, look around to find the best dealership.  One way to do this is to check the Internet about dealerships. Web searches can be a wealth of information. Many times you will find complaints or positive revues that could help you.  Also, it is a good idea to contact several car dealerships in your area to see which ones are going to respond quickly and be helpful.

Next, don’t buy alarm systems or dealer financing. These are two ways that consumers lose in the end. For example, when cars are manufactured they already have wiring installed.  However, automakers sell alarms separately for up to $1200.  This is added on to the price of the new vehicle.  Also, finance offices don’t usually give you the best deals.  A better option would be to put your money towards a much needed auto warranty.

Finally, sell your car before arriving at the dealership.  If you sell it yourself, you will get a much better deal than you would on a trade-in.

The bottom line is that any mechanical breakdown leaving a motorist stranded could wipe out all of the gains from a perfectly negotiated deal.  New car warranties should be an essential part of your purchase in order to protect you from unnecessary repairs.

Ford, who apparently loves mini-sites, has started a webpage for the new 2011 Ford Fiesta.  It may be premature, but since Ford is trying desperately to prove its relevance, displaying some of its cars of the future makes perfect sense at the moment.

Ford displays a few pictures of the vehicle, however, Ford says that they are pictures of the 2009 European model, and also reveals some information about available content of the car.

Since the features appear to be luxury-like, it seems Ford is going to market this car as a premium subcompact that will compete with the Honda Fit.  However, car shoppers seem to care more about standard features, which Ford hasn’t released yet.  But make a note that the 2011 Fiesta will have standard stability control when it is available for sale in 2010.  That’s two years before it is going to be mandated by federal law.

Car shoppers will have to wait for additional information about the 2011 Ford Fiesta, such as prices, standard features, and information about new car warranties.