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Often motorist get sticker shock or experience buyer’s remorse after buying a new car. However, you can avoid this by considering the expenses that you will encounter in the future.
According to experts, most consumers anticipate the price of the purchase, registration and taxes. However, many people forget to factor in the price of insurance and new car warranties. Fortunately, by doing your homework you can get good deals on insurance and an auto warranty.
To control car costs drivers should consider these tips. First of all, decide before you get to the dealership the amount of money that you can spend. Also, decide on what type of car will suit your needs. It is also beneficial to get quotes from several dealers, because then you are in the position to negotiate. Finally, check insurance and auto warranty prices on the vehicle that you want to purchase.
You don’t have to go broke purchasing a new car. But, be smart and consider all of the costs involved. It isn’t just the purchase price that you will be paying.
While the electric Chevy Volt is dependent on GM’s uncertain future and a very high price tag, Nissan is enthusiastic about the future of its electric car that is yet to be named. This car has plans to be sold to fleets in the year 2010 and retail consumers in the year 2012. It has recently been on a 12-city tour, with an electric drivetrain being carried by a Cube mule.
According to Nissan, the driving range on the car will be around 100 miles, while it will take about four hours to recharge plugged into an outlet that is 220-volt and eight hours using a 110-volt outlet. The size of the vehicle will roughly be about the same as the Cube, however it will have distinct styling. A reporter for The New York Times was told by an executive that the vehicle would have “an iconic electric-vehicle look,†however it won’t bring to mind ‘Blade Runner’ or the ‘Jetsons’.
And perhaps the most important thing is that Nissan is going to try to keep the cost of the vehicle between $20,000 and $30,000. The car will bring a $7,500 tax credit, which will likely bring down the cost of the vehicle to under $20,000, and with the savings on fuel, this electric car will be intriguing to the cheap and the green. This will leave consumers some extra cash to invest in other car expenses, such as an auto warranty. After all, new car warranties will allow motorists to drive this new technology with peace of mind.
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.
Consumers have been more concerned than ever about saving money on their vehicles. They are doing everything from purchasing small, fuel-efficient cars, to purchasing an auto warranty to ensure they don’t pay unnecessary repair expenses. But are they willing to skip the amenities that come in new cars, such as air conditioning, an automatic transmission, and power locks and windows, to save money? And are stripped cars even available?
The truth is that it can be hard to find a car stripped with crank windows and a manual transmission.
According to JATO Dynamics, 89% of vehicles sold in America last year came standard with automatic transmissions, which is up from 85% in 2003. Also, power locks came standard on 87% of cars sold, compared to 80% in 2003.
The vehicles that offer these features as optional tend to be on small cars, yet economy-car buyers usually pick convenience and comfort over cost if given a choice.
For example, the cheapest model by Toyota is the Yaris, which begins at $11,550 for a 2008 base model hatchback with air-conditioning. However, approximately 80% of Yaris buyers choose to pay an extra $900 for an automatic, and about 60% opt for a power windows and locks package, which costs an extra $1,680.
It appears that features, such as air conditioning, and automatic transmissions are necessities that most people aren’t willing to live without, just like 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.
According to the National Highway Traffic Safety Administration, a recall has been issued for 39,711 Outlanders and Lancers from 2008 and 2009 model years because of a brake-booster check valve that is faulty.
This brake-booster check valve was constructed with material composition that is poor, which leaves it vulnerable to stick when the engine isn’t running, says the NHTSA. In turn, this may cause the brakes to lose responsiveness and make the stopping distance increase during slow car maneuvers.
Car owners with these vehicles can contact their dealer to have car valves replaced free of charge. Also, you can contact Mitsubishi directly at 1-800-222-0037 or call the NHTSA Vehicle Safety Hotline at 1-888-327-4236.
Unfortunately, you never know when your car will be recalled or experience failure, which is why it is essential to have a good auto warranty. New car warranties will save you from paying unnecessary repair expenses down the road.