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A car is a huge investment. The cost of the investment is not just the sticker price on the window of the car. The cost of gas, insurance, maintenance, depreciation, and an auto warranty are all included as well.
Fortunately, cars that are made today are designed to run for about 15 years and over 100,000 miles.
Even though some costs, like new car warranties, insurance, and fuel cannot be controlled by the consumer, the owner of the car can maintain it properly in order to improve the car’s value when the time comes for it to be traded in.
A properly maintained car can add thousands of dollars more to its sale price. The money you get from selling it can be put towards purchasing a new car.
Studies show that approximately 50 percent of motorists keep their vehicles for one to four years. Therefore, people should be aware of their car’s true value when it is time to sell it.
Overall, it is smart to take good car of your car. Purchase an auto warranty so that you can make necessary repairs and properly maintain your vehicle without hesitation. When it is time to sell your car, you will be happy you took good care of it.
Getting an auto warranty is not always simple. In a recent study done by leading automobile industry analysts, it was discovered that consumers do not have the basic information about how to choose a good auto warranty deal. Therefore, people should be careful when buying a warranty.
An auto warranty is a guarantee that is given to a consumer when a car is purchased. It provides coverage for repairs and maintenance of the car when damage occurs during the warranty period. However, when buying the warranty, there are three important things to remember:
1. Know the period of the warranty. Generally, a warranty is provides coverage for a period of two to five years, depending upon the brand of car that you buy.
2. Know the services that are included in your warranty. Services such as regular check-up, availability of accessories, and replacement of parts should be included in the warranty. If these services are provided, the warranty can really benefit you.
3. Know about the dealer you are purchasing from. The dealer needs to have a license in order to provide the warranty.
Remembering these tips when you buy an auto warranty will help you to get a good deal.
A vehicle’s trade-in value is determined by how preferable the used car is in the market. A car in good condition, with an accident-free history, and has not had many owners will have a higher trade-in value. One of the most important factors in trade-in value is whether it was correctly and regularly serviced. If the vehicle’s owner had an auto warranty, it was most likely serviced properly and regularly because the owner did not have to may for many of the repair and maintenance costs.
Appraisers determine the value of a vehicle that is being traded-in based upon many things. They will take into consideration whether or not maintenance was properly and regularly done on the car. Also, they will consider any major repairs that were done on the vehicle. Cars that were under a warranty tend to have less mechanical issues due to the owner not having to worry about the cost of repairs and therefore performing repairs in a timely fashion. Dealers want to sell these vehicles on their lots because they are reliable. Reliability is important to people who are looking to buy a vehicle that is used.
To ensure that your vehicle has a good trade-in value, get your car serviced regularly and get necessary repairs done in a timely fashion. If you want to avoid excessive maintenance and repair costs, it is a good idea to buy an extended auto warranty.
A horrible thing to hear when you get your vehicle repaired is “It isn’t covered by your auto warranty.†Many times, motorists find themselves confused because they just assume that specific repairs are covered by their warranty. A little bit of education is needed to understand more about their auto warranties.
People need to realize that an auto warranty is not an entitlement. It is an agreement you make with the car manufacturer. Your job is to fulfill certain maintenance requirements that the manufacturer sets. If you do your part, the manufacturer will perform repairs as a result of a failed part or defect.
The main question is, what parts are covered by the warranty? The auto manufacturer needs to cover the parts that it makes. Such parts include engines, transmissions, suspension, computers, steering, chassis wiring, instruments, and other parts that they manufacture are covered. Maintenance items and wearable items are not always covered by a warranty. Such items include hoses, filters, belts, tires, and brakes.
Another question is, what about the parts that aren’t made by the car’s manufacturer? Items like conversion components and stereo systems have a warranty through their manufacturers. These can be located in the paper work that you got when you bought the car.
The most important thing you can do to avoid misunderstandings about auto warranties is to educate yourself. Make certain that you read through all of the fine print on your warranty.
If you are going to buy a used car, it is important to find out as much as you can about the car you are going to buy. The car could have many issues that are not detectable just by looking at it. In order to really know about the car that you are buying, you should get a vehicle history report. This will provide you with information from RMV’s, DMV’s, and police reports about the car you are planning buying. Here are some important things to keep in mind when looking at the vehicle report:
1. Look to see how many owners the car has had. It is better to get a vehicle that has had fewer owners because it is more likely that the car has been well taken care of. Although, they are not expensive, rental cars will have endured a large amount of abuse.
2. In addition, look at the locations that the car has been in. This is important because certain climates are harsher on vehicles. For example, winter conditions are difficult on vehicles due to salty roads. Floor regions and excessive heat are also harsh on cars.
3. Lastly, be certain that the description and name on the history report match the car that you are considering buying. This can help you to avoid certain types of fraud, such as vehicle identification number cloning.
4. A used car is a good way to save money and still get a good car. As long as you do your research, you can be much more sure that you are making a good purchase. Also, it is important to take into consideration the expenses maintenance costs, used car warranties, and auto insurance. An auto warranty is a great way to get peace of mind when buying a used car.
There are things that you should do before buying a used or new car. Here are some helpful tips that can save you money when you shop for cars:
First, think about purchasing a used car. New cars lose approximately 30% of their value as soon as you leave the dealership with them. However, the value of used cars does not decrease right away.
Next, consider buying a used car that is a gas saver. There are a lot of choices for fuel-efficient cars, such as hybrid cars. With the variety of options that are available, it is not always necessary to buy a gas-guzzler.
Also, try to save up for the down payment for your vehicle. A lot people make a smaller down payment on their car. This generally results in costly payments during the first four years of owning the car. If they are able, consumers should try to put at least 20% down.
Finally, be sure to purchase an auto warranty after you purchase the car. If you decided no to purchase one, you will find yourself making unnecessary payments for maintenance and repair costs.
If you follow these helpful tips, you can save money when you are car shopping. Make sure you do your research before making the purchase.
Many people get attached to their vehicles and find themselves always concerned about how their cars look and run. It is okay to care for your vehicle, however it is still smart to avoid paying unnecessary and excessive expenses to take care of it. Here are a few tips to help you avoid paying excessive car expenses:
1. It isn’t always necessary to fill your tank with premium gasoline. Often times, regular gasoline, which is cheaper, will work for your vehicle. The reason there are octane ratings is so that you can avoid engine knock. If regular gasoline does not cause your engine to knock, then it is okay to fill your tank with it.
2. There are many people who think that it is necessary to get their oil changed every 3,000 miles. However, a lot of manufacturers make the recommendation to get your oil changed every 5,000 to 7,5000 miles. An oil change every 3,000 miles is usually only necessary if you are hard on your vehicle.
3. Many people have the tendency to waste money when they bring their cars to the dealer for repairs. A lot of independent shops and mechanics do a good, quality job on repairs and they are usually less expensive than repairs done through a dealer. Buying an auto warranty will be a big help on saving you money on repair costs.
If you purchase a new vehicle you generally wouldn’t expect issues to arise early on in the vehicle’s lifetime. Major issues can be very costly. For example, an engine replacement can cost more than $2,000 dollars. If you have a good extended auto warranty program, you will not have to worry about repair costs. The question is, how do you select a good auto warranty company?
Many people think that they have to purchase an extended warranty from the selling dealer when they purchase a vehicle. However, this is not true and it can cause an increase in the cost of coverage. If you want to be sure that you are receiving a good deal, you should look into buying a warranty from an aftermarket auto warranty company. Here are some important things you should keep in mind:
1. Know what kind of coverage you need for your vehicle and how long you need the coverage for.
2. Make sure that you are buying the warranty from a reputable company. You can look for feedback on the Internet and check out the company’s ratings on the national Better Business Bureau’s website.
An auto warranty is a smart investment if you just bought a new car. New car warranties offer four kinds of coverage:
1. One type of coverage is basic coverage, or a bumper-to-bumper warranty. This provides coverage for all parts of the vehicle from bumper to bumper.
2. Another type of coverage is a powertrain, or drivetrain warranty which will cover all of the parts of your vehicle that make it run. Parts usually included in this type of coverage are the engine, transmission, driveshaft, and drive axles.
3. Another kind of coverage is for corrosion and rust. This provides coverage for rust-through problems.
4. A last kind of coverage is roadside assistance. This service may be provided for you while you are under an active basic warranty. This service offers services such as flat tire assistance, assistance for when you run out of gas, lockout assistance, and towing.
To familiarize yourself with all of the details of the coverage you get from your warranty, check your owner’s manual or warranty booklet. If you still believe that you need more coverage, it is smart to look into purchasing an extended warranty.
A bumper-to-bumper auto warranty offers the most inclusive coverage for your car. Like any other warranty, there are things that are not covered by this type of warranty. Therefore, you must do your research and be sure you know what is and is not included in the coverage of the auto warranty that you decide to purchase.
The good thing about a bumper-to-bumper warranty is that it covers many major repairs in addition to minor issues that you have with your vehicle. Another benefit that comes with buying a bumper-to-bumper warranty is that many manufacturers offer things such as free gas, towing service, roadside assistance, car rental refunds, periodic maintenance, the occasional wear and tear, or coverage for problems that occur with electronic equipment.
Generally, bumper-to-bumper coverage doesn’t cover things that are covered by other kinds of auto warranties. For example, it might not provide coverage for rust, emission control equipment, or tires, while other kinds of warranties may provide coverage for these things. More often, the exhaust system, break pads, wiper blades, belts, aftermarket accessories, drums, light bulbs, hoses, rotors, and damage that is caused by intentional abuse or an accident will not be included in bumper-to-bumper coverage.
In addition, be sure to keep in mind that some manufacturers will only provide coverage if you agree to bring your car to the dealer’s repair shop for any mechanical work that needs to be done. Therefore, before making the agreement to a manufacturer’s warranty, it may be a good idea to research an aftermarket auto warranty company to make price and coverage comparisons. After you complete your research, you will be more likely to buy a warranty that is best suited to your needs.