Even though forecasters predict a slow 2008 for automobile sales, many dealerships are hoping for a steady recovery toward the end of the year. More specifically, some dealers are backing up their hopeful outlook by reinvesting money back into their own businesses. Their stocking levels and ordering project 2008 will be about the same as 2007.
Some think 2008 will have some late momentum and that things will start to get better. They are hopeful that they saw the bottom in 2007. In 2007 just over 16 million cars were sold in the U.S., down from almost 17 million the previous year.
In Detroit, analysts predict that 2008 may fall to around 15.5 million cars and trucks. Regardless, dealers will be looking for a way to increase profits. The aftersales market, including auto warranty sales will probably be a great way to make more money. Dealers who sell new car warranties and used car warranties generally make $500-$1,000 dollars on each warranty sale. Aftermarket auto warranty companies are their only threat as they have much smaller markups so their prices are considerably lower.
I guess time will tell, we’ll check again in January 2009.
Car warranty refers to a particular kind of service, which encapsulates the repair and maintenance cost of the vehicle. The car warranty is offered by the dealer in association with a third party vendor on an outsourced basis. All dealers are bound by law to offer a warranty. Any dealer, who fails to issue a warranty to the car, can be taken to court a deficient service.
There are flexible options for car warranties. There are two main categories of warranties. They include the original warranty for brand new cars and an after-market auto warranty for used cars. Both offer different types of services and the prices of the packages vary depending on the choice made by you.
Normally, a warranty covers the repairs and maintenance cost of the drive train, power train, engine, mechanical faults, braking system and power steering. However, the warranty does not cover the price of replacing expensive spare parts.
There is another category of car warranties. It is called the bumper-to-bumper warranty. It takes care of the entire car, almost equivalent to the life insurance of the car. Most car owners prefer this category since it is flexible. Review at least five packages from different service providers before selecting the package. Always choose a package that offers flexibility.
Any vehicle whether it is a BMW or a Mercedes can breakdown at any given time. It is simply impossible to make sure that the vehicle will not have a breakdown when you want it to be running smoothly. Every vehicle repair will put a strain on your resources. Then why not have an auto warranty to save the cash? An auto warranty helps you with unforeseen repairs whether you are across town or across country. A normal auto warranty usually covers wear and tear failure, hi-tech electrical coverage, freedom to choose the mechanic and many other customized features.
Today it is extremely easy to find an excellent auto warranty for your car. Different companies offer different kind of warranties. It all depends on the year of manufacturing, mileage, make and/or model of the vehicle. The Coverage varies from 3 months to 14 years and from 3,000 miles to 170,000 miles. No matter which option you choose, each of our warranties will give you all the benefits you want and at an affordable price. And at just a cost of pennies you can easily save yourself from unexpected outflow of cash that you have been saving for some other purpose.
When one thinks of the auto warranty, it is either the new car warranty that comes to mind or the extended warranty. The new car warranty is the first warranty that any vehicle would ever carry – it is the warranty that comes from the manufacturer of the car or at least from the approved car dealership company (approved here simply means that the manufacturer would have given permission to the car dealer to sell on its behalf). The new car warranty provides a range of coverage for your new vehicle that would be valid for a certain number of years. New car warranties however specify that only the manufacture or the car dealership company or any listed auto repair shops approved by the dealer are allowed to service or perform repairs on your new vehicle.
The used auto warranty is a warranty that is not as comprehensive as the new car warranty, and it is usually valid for shorter time periods that the new car warranty is. Extended warranties are best used in such cases to both extend the parts of the vehicle covered by the warranty and to lengthen the time period that the warranty would be valid for.
An Auto warranty is a very essential service for all vehicle owners. Just as important as it is to insure yourself in the event of a major emergency, it is just as important to have coverage for your vehicle in the case of an unexpected emergency.
Auto warranties can provide coverage to your vehicle for times of repairs – whether your vehicle has broken down or simply whether you took it in for a servicing. Auto warranties are numerous, and so can the coverage that is provided by them. For some auto warranties you would have to pay an additional cost for coverage (these are the extended warranties, also considered the equivalent of the warranty service contract), while some you are automatically covered for by state laws (lemon law and the limited law with specific reference to used cars) or by the vehicle manufacturers (new car warranties or manufacturer’s warranties). Some warranties provide full coverage and others will only cover you for the basic packages (breakdown repairs versus wear and tear repairs, power train coverage versus bumper to bumper coverage).
Irregardless of the type of auto warranty that you have or whether or not you purchased yours, in the end, warranty coverage will save you hundreds if not thousands of dollars worth of repairs or replacements on your vehicle.
Auto warranty reviews are important information for any prospective car owner or person looking to buy an auto warranty. A review can give you an idea of the company that you are dealing with, their level of customer satisfaction and professionalism, their ability to repay a claim, or even appease your mind that they are indeed a legitimate company.
It is easiest to find auto warranty reviews over the Internet today. Simply go on to any popular search engine and type in the keywords for auto warranty reviews. Out of the sites that come up, you can decide for yourself those that are true and those that are not; which are actual reviews from real customers or which are nothing more than simply posted advertisements by the company. A good indication of the level of professionalism by the company would be their marketing approach. A highly professional company would be confident of their services and thus would be willing to spend money on proper campaigning and marketing strategies.
An auto warranty can take the form of a manufacturer’s warranty, a used car warranty, or an aftermarket auto warranty. A manufacturer’s warranty comes with the purchase of a new car and is included within the vehicle’s purchase price. In other words, you pay no additional costs for a manufacturer’s warranty or a new car warranty. Used cars on the other hand, may or may not carry used car warranties .
In some states it is the law to provide a used car warranty with all used cars sold. The law can vary from state to state however, so you need to check to see if you are entitled to the used-car warranty coverage with the purchase of your used car. Another type of auto warranty coverage thatr is optional is the extended warranty or the aftermarket warranty. This warranty is one that can be used in conjunction with a new car warranty or a used car warranty to extend the time frame or total coverage of your vehicle.
An aftermarket warranty however is more of a service contract than a warranty agreement, meaning that you have to pay additionally for this coverage feature. A point of interest to remember though is that all cars are covered by an implied warranty unless specifically stated otherwise in a contractual auto warranty agreement that most dealers would provide in writing.
One of the best auto warranty tips that you will ever receive is undoubtedly this one: be aware that a vehicle for sale ‘as is’ means just that – as it is. This means that the vehicle will be sold or bought without a warranty of any kind. In the event that you come out lucky enough to find that the vehicle does have warranty, then you will be unable to dispute or query any claims or liabilities that may come as such. This simply means that if your warranty states one thing but the dealer promises you another, then the written warranty stands over any other type of agreement. Likewise, if you choose to buy a car without a warranty and you are promised accessories or repairs or whatever else you may agree upon with the salesperson, dealer or the current owner, if they choose not honor their word then you do not have any right of way in a courtroom.
Any promises or assurances that you are given, make sure you obtain these in writing. Make sure that you never fall victim to the ‘as is’ clause.
There are a lot of auto warranty review sites online, and sometimes it could get very confusing and even difficult to determine which of those are authentic or offer the most accurate information. To find a site that actually tells you how they review auto warranties is just as difficult. Most reviews however, are done by customer polls and other such statistical methods.
Some auto warranty reviews are nothing more than advertisements for the warranty company under question, but it is important nonetheless to try to get a review for different warranty companies before you buy from one. The more experienced you are at finding warranties and researching company backgrounds, then the less likely it is that you will wind up with a fraudulent warranty deal.
In addition to helping you determine the level of authenticity of a warranty company, auto warranty reviews can also provide helpful tips that you can use to land the perfect warranty deal. And with the large amount of auto warranty review sites available on the internet, chances are high that for every one or two insincere sites that you do come across, you will come across at least five really good ones.
Auto warranty is a crucial component in the automobile industry. There are primarily two types of auto warranties. One is usually provided by the manufacturer and the other can be purchased from a vehicle dealer or the third party vendors. These are called extended auto warranties. But it may not be required if you change your car every 3 to 4 years.
The auto warranties usually adhere to the Federal Trade Commission (FTC) Facts for Consumers. They ensure that the customers are not harassed or duped by these companies. If required the customers may file a suit against such companies. The auto warranties if purchased from the dealer have no waiting period and start the moment you purchase your vehicle. In some cases one can customize the warranties. It can suit one’s need and budget. A lower premium can be set if required, subject to a few alterations to the policy.
The auto warranty coverage ranges from $500 to $1000 and can be extended for 10 years. The comprehensive coverage can be taken on a vehicle subject to a certain predetermined miles on the odometer. Also, with this coverage, the vehicle can also be sold at a good price. The warranty can also be transferred and the resale value that can be expected is about 15% to 25% higher than the normal vehicles, without any warranty. Auto warranties are a must for all vehicle owners for a safe and secure journey