Used Car Warranties

In the oil industry there is an economic term that is quite sinister-sounding being thrown around: “Demand destruction.”

Demand destruction is when the price of a product is looked at comprehensively as too high, therefore causing demand to tank.

So, why would the oil industry be concerned about this?  Well, the fact is that since the summer of $4 per gallon gas, demand has continued to stay low.  American motorists have pretty much completely stopped purchasing cars that get low-mileage and have given up on large gas-guzzlers, even since oil prices have fallen drastically. Many motorists are just holding onto their current vehicles and purchasing used car warranties. People are still driving fewer miles, even as gas prices go down.

Whatever the cause may be of the summer’s oil spike, it seems that there is no going back.  The most solid sign of demand destruction is carmakers’ shift to vehicles that are more fuel-efficient.

It might just be that the most oil-hungry country in the world has finally had enough, or maybe OPEC and the oil industry are driving down prices again as quickly as possible, hopeful for one last hurrah.

The National Association of Insurance Commissioners recently performed a study to determine what the best and worst states are in the country for auto insurance.  According to the study, you are paying the highest insurance premiums if you live in the Northeast.

New Jersey proved to be the most expensive state.  On average, premiums in New Jersey are over $1,300 yearly.  The capital of our nation, Washington D.C. was the second highest, with average yearly premiums of $1,185.  New York was third highest with $1,110 being the average premium.

Revealed in the study was that urban driving, high salaries, and a lot of traffic are responsible for elevated costs in those states.  In addition, liability insurance premium costs are higher in the Northeast.

Midwestern and Northern states proved to have the lowest insurance premium costs.  The overall lowest was Idaho with costs at $530 per year.  The next lowest was Maine at $560 a year, and North Dakota was $570 per year.

According to this study, your location is a key factor in determining your car insurance costs.  Today, consumers are paying more than they ever have for their vehicles.  These costs include insurance, roadside assistance, used car warranties and maintenance costs.

When a teenager turns 16 years old, they are excited to get their drivers license.  Unfortunately, teens have more driving accidents than any other age group.  For the majority of teen drivers, the question isn’t whether they are going to have an accident, but when they are going to have an accident.

Inexperience is the main reason that teenagers are vulnerable to traffic accidents.  Although 16 to 19 year olds only make up 5.3 percent of the driving population in our nation, they’re involved in 13.3 percent of all of the traffic accidents and 11 percent of crashes that are fatal.

A program aimed to protect teenagers is “graduated licensing”.  Although the age of licensing is the same, full privileges come gradually.

The program begins with a learner’s permit.  Next, is the intermediate stage, in which teens can drive during the daytime alone, and in the evening they can drive between 9 p.m-6 a.m. with a licensed driver.  Then, the advanced stage comes. This is when teens can drive with no restrictions.

The graduated licensing program is a good step to ensure that our teens remain safe.  However, teens need to protect themselves by practicing safe driving habits and purchasing used car warranties.

Thanks to the poor economy, people are skipping the big purchases and becoming disciplined shoppers.  Instead of splurging on cars equipped with all of the gizmos, people are holding onto their current rides and purchasing used car warranties.  However, with some savvy buying tips, you can get a new car with great features.  Here’s how.

First of all, in order to splurge in the cabin, downgrade under the hood.  You can purchase a car with a smaller engine and still enjoy the interior upgrades.  For example, a Honda Accord that is top-of-the-line comes with heated seats, leather upholstery, dual climate control, and plenty of other comforts, all for $29,000.  However, instead of getting the V-6, you can get a four-cylinder for $3,000 less that will also allow you to save on gas.

Also, you can save by ordering options a la carte.  Many times, popular options, such as a sunroof or heated seats get bundled together into megapackages that has a lot of features you may not need or want to pay for.  So, shop around for cars with smaller packages, or just order the features you really want.

Finally, skip the options that are the most expensive.  Features such as entertainment and navigation systems can cost you an extra $2,000.  By purchasing a portable DVD player and navigation system you can spend less than $500 combined.

When purchasing a new car it is important to put your money towards necessary things, such as new car warranties, safety features, and maintenance costs.  Pick your upgrades wisely to avoid going over your budget.

With the poor economy, motorists are looking a little more closely at used cars.  The National Automobile Dealers Association reports that last year the average cost of a used vehicle was around $15,000, while it was $29,000 for new vehicles.

While you want to purchase a pre-owned car that has a solid reputation for dependability, it’s even more beneficial to purchase a used vehicle that consumers find less popular, because it has already depreciated rapidly.

Many people believe that the best new vehicles make the best used vehicles, which is true in general.  However, often these cars depreciate at a slower rate, which makes them popular as new vehicles, but means they cost more as used vehicles.

According to Kelly Blue Book, the vehicle brands that depreciate the slowest are Mini, Scion, Volkswagen, BMW, and Honda.

Instead of purchasing those models, consider other brands that have high reliability scores, but depreciate more quickly and can save you thousands of dollars.  Domestic brands are good to consider, such as Dodge, Ford, and Chevrolet.  These will get you a bargain.

If you want to save money by buying a used car, consider depreciation. You can get a good bargain by buying reliable, more rapidly depreciating models, and buy used car warranties to give you peace of mind.

In order for a vehicle to maintain its peak performance motorists must get routine maintenance and service.  This will also keep your car prepared for difficult driving conditions that come up. Purchasing used car warranties is a good idea so that you don’t dread taking in your car just to find that it requires additional repairs.  To keep your car in tip-top shape, follow these tips.

First, check your tire pressure on a regular basis.  To keep track, you should do it every other time that you get gas at the pump.  In addition, check your tire treads to look for wear and tear and ensure that there isn’t any cracking.

Second, get regular car washes to keep a nice, shiny exterior.  And add a coat of wax to keep away corrosion.

Don’t forget to be aware of your check engine light.  Don’t ignore it if it lights up.  Make sure to take your car to a professional in this case so that you don’t have expensive repairs down the road.  Of course an auto warranty will help you avoid unnecessary repair expenses.

Lastly, determine a service schedule with a mechanic and keep it.  Your car has certain parts that a professional should look at periodically.  Look at your owner’s manual in order to determine what maintenance schedule is best for your car.

Just by following these tips you can head off unnecessary repairs in the future.  However, you want to make sure you have an auto warranty to protect your wallet.

People often try to choose a repair shop that is close to their homes and that they believe to be trustworthy.  However, the time may be coming when motorists aren’t going to have the freedom to pick whichever repair shop they want.

Cars today are operated through computers, therefore to determine what repairs need to be done the computer codes are needed.  Carmakers don’t like to release these codes, which means that independent service shops may not be able to repair cars properly.  This means that motorists are being forced to take their vehicles into dealerships for repairs.  This makes having used car warranties even more essential because dealerships usually charge more for repairs.

Congress has realized that this is a problem because independent repair shops may be put out of business.  In response to this they are trying to get the Motor Vehicle Owners Right To Repair Act passed.  This bill would make it mandatory for automakers to disclose information with independent repair shops.

Motorists need to be able to have the option of where to get their cars repaired, otherwise people may avoid having repairs done and end up calling for roadside assistance.

Chances are at one time or another you have been told that you need new shocks and (or) struts.  After being quoted a large price, you might find yourself thinking, “Can I get away without replacing them and are they covered under used car warranties?

Your shocks and struts serve two functions in your car.  Some cars only have struts, and some only have shocks.  Their purpose is to dampen the oscillation of springs and assist in ride control.

If your shocks and/or struts are worn, your suspension parts and tires will wear out sooner.  This is why it is important to take your vehicle in for preventative checkups.  It is a good idea to have your mechanic look at your shocks and struts every time you get an oil change.

There are several warning signs that might tell you it is time to replace your shocks/struts.  First, you might notice leaks on the housing or dents on the strut body.  Also, you might see high and low worn spots on your tires and pitted piston rods.  Finally, you may have rubber bumpers that are crushed from bottoming out.

It is important not to cut corners when dealing with your shocks/struts.  It is essential that these parts function correctly for handling and cornering.  Purchasing an auto warranty is a good idea for motorists in order to avoid unnecessary repair costs down the road.  After all, you never know when your car will need maintenance.

Thanks to gas for $4 per gallon and a poor economy, people are skipping the big purchases and becoming disciplined shoppers.  Instead of splurging on cars equipped with all of the gizmos, people are holding onto their current rides and purchasing used car warranties.  However, with some savvy buying tips, you can get a new car with great features.  Here’s how.

First of all, in order to splurge in the cabin, downgrade under the hood.  You can purchase a car with a smaller engine and still enjoy the interior upgrades.  For example, a Honda Accord that is top-of-the-line comes with heated seats, leather upholstery, dual climate control, and plenty of other comforts, all for $29,000.  However, instead of getting the V-6, you can get a four-cylinder for $3,000 less that will also allow you to save on gas.

Also, you can save by ordering options a la carte.  Many times, popular options, such as a sunroof or heated seats get bundled together into megapackages that has a lot of features you may not need or want to pay for.  So, shop around for cars with smaller packages, or just order the features you really want.

Finally, skip the options that are the most expensive.  Features such as entertainment and navigation systems can cost you an extra $2,000.  By purchasing a portable DVD player and navigation system you can spend less than $500 combined.

When purchasing a new car it is important to put your money towards necessary things, such as new car warranties, safety features, and maintenance costs.  Pick your upgrades wisely to avoid going over your budget.

We’ve all been there.  You’re driving along when all of a sudden you hear sirens blaring behind you.  You realize that you are going to get a speeding ticket and you really don’t have the extra funds to pay for it.  With all of the expenses you’re already paying for your vehicle, such as used car warranties, maintenance, and loans, the last thing you need is the added cost of a speeding ticket.  Well, never fear because the Trapster just may save you.

Pete Tenereillo of California invented trapster.  Essentially, this is a social network where motorists can use their cell phones to alert other drivers about speed traps that they have encountered.

All you have to do is sign up for a free membership at the website and then download the Trapster software on your cell phone.  Most of the latest cell phones, PDAs and Blackberries can accommodate this software.

After signing up, you’re ready to get out on the road.  If you come across a state trooper looking for speeders you hit “pound 1” on your cell phone.  This alerts other motorists when they approach the same spot.

This system is ideal because it’s “hands free”, which means it’s safe for drivers.  Also, sophisticated cell phones can allow a map to be displayed where the speed trap is.