20. December 2017
The trade-in value of a vehicle is determined by how desirable it will be in the used car market. A vehicle that is in good shape, has an accident-free history, and hasn’t had multiple owners will have a higher trade-in value. One of the most important factors in the vehicle’s value whether or not it was properly maintained and serviced. If the owner of the vehicle had an extended auto warranty, it was likely serviced and maintained properly and regularly because the owner did not need to fret about the cost of maintenance and repairs.
When appraisers determine a vehicle’s value when it gets traded-in, they take many factors into consideration. They will look at whether or not maintenance was performed on a routine basis and also if and what major repairs were done on the vehicle. Vehicles under warranty generally have less mechanical issues since the owner did not worry about repair costs and got repairs and done right away. This is because the costs were covered by the auto warranty. Dealers want these vehicles to be sold on their lots since they are more reliable and reliability is important to consumers who want to buy a used vehicle.
If you want to ensure that your vehicle maintains a higher trade-in value, maintain it properly and regularly, as well as have necessary repairs performed right away. If you want to avoid any excessive service and repair costs, it is wise to purchase an extended auto warranty for your vehicle.
7. November 2014
An auto warranty is a wise investment to make when buying a new car. New car warranties provide four kinds of coverage:
1. One kind of coverage that you can receive is basic, bumper-to-bumper warranty coverage. This kind of warranty provides coverage for all of the parts of the car from the front bumper to the back bumper.
2. Another kind of coverage that you can receive is a powertrain warranty. This covers the parts of the car that make it run. This includes parts like the drive axels, the engine, the driveshaft, and the transmission.
3. In addition, your auto warranty can cover corrosion and rust. This handles rust-through problems.
4. Lastly, you can get roadside assistance with your warranty. You may receive this service if you have a basic warranty that is active. It provides professional help when you are stranded on the side of the road due to a vehicular breakdown. It offers services such as flat tire assistance, lockout assistance, refueling assistance and towing.
To further familiarize yourself with the exact coverage provided for you by your auto warranty, read through the warranty booklet and owner’s manual. If you still don’t believe that you have all of the coverage that you need it is good to purchase an extended auto warranty for your car as well.
22. July 2014
Usually, motorists will buy an aftermarket auto warranty or an extended auto warranty for their cars when the factory warranty terminates. When you buy an aftermarket auto warranty, your warranty provider provides coverage for replacement and repair of certain car parts. Here are some things to keep in mind when deciding to buy an aftermarket auto warranty:
An aftermarket auto warranty generally does not cover the costs of replacement and repair of parts that break down as a result of wear and tear. An aftermarket bumper-to-bumper warranty provides coverage for most parts in your car, generally with the exclusion of parts such as brakes, tires, and other wear and tear parts. It is smart to invest in a warranty that can cover wear and tear parts in addition to other parts because about eighty percent of your car’s repair costs are a result of wear and tear issues. An auto warranty that covers wear and tear problems will save you money, especially for older cars.
8. July 2014
The transmission is an essential part in your car. It is also one of the most costly parts to replace or repair. If you have owned your car for a long period of time, it is a possibility that you will eventually need to replace or repair the transmission. Here are some telltale signs that your transmission needs replacement:
The first sign is that your car is leaking transmission fluid. Check under your car while it is parked. Look for fluid pools that have a reddish color. After, check to see if there is any metal in the fluid. If there is, it is important to replace the transmission since broken metal is a sign that the transmission is worn down.
In addition, inspect the fluid levels in your car’s transmission. If you have low levels, this may be an indication that your transmission is burning too much fluid or that it is overheating.
Also, if there is a rough transition between gears when driving, this is an indication that your transmission needs replacement. It may take longer to switch between gears or the gears may slip. This will reduce the acceleration in your car.
Transmission replacements can be costly. Therefore, it is smart to look into an aftermarket auto warranty company that you can buy an extended auto warranty from. The auto warranty will help reduce the costs of your repair bills. Lastly, be sure that you purchase an auto warranty that provides the proper amount of coverage for your car.
3. June 2014
Usually motorists buy an aftermarket auto warranty or an extended auto warranty for their cars when their factory warranty is terminated. When you buy an aftermarket auto warranty, your car warranty provider will cover the cost or replacement and repair on certain parts of your car. There are things to keep in mind when you consider buying and aftermarket or extended auto warranty:
An aftermarket auto warranty generally does not cover the cost of replacement or repair of wear and tear parts. An aftermarket bumper to bumper warranty covers almost all parts of your car, but will generally exclude parts such as brakes and tires the break down as a result of wear and tear. However, there are companies out there that will cover wear and tear parts in addition to the other parts. It is smart to buy a warranty that covers wear and tear, even if it is a bit more expensive to do so because 80% of the problems that arise in your car are a result of wear and tear. An auto warranty that covers wear and tear problems will save you a lot of money in the long run, particularly if your car is an older one.