Extended Auto Warranty
Car Extended Warranty Article
However, as worthy (and oftentimes fun) as these car purchase issues are to ponder, there are other issues that are more important and weigh in more heavily. What are those issues? Let's start with a car's warranty.
The intent and function of a warranty, of course, is quite clear. It serves as a good faith statement from a seller to a buyer that a quality product has been sold. But what is a "better" car warranty? And what makes any warranty better than another? In all cases, the most common reason will be the warranty length (i.e. the longer the better). Many vehicles come with at least a three year 36,000 mile warranty, with an option to purchase an extended warranty. But because the cost of extending a warranty can be high it may make more sense to buy a car with a bigger warranty. And many automakers may offer a ten year 100,000 mile warranty bumper to bumper. Now we're talking value.
Another car buying concern that is of equal importance is the residual value of a car after its purchase. As everyone knows, as soon as a car leaves a buyer's lot, it loses a part of its
worth. For this reason, it is definitely a good idea to research the make and model of a vehicle you are thinking of buying. This will give information on its exsisting value retention, as well as information on how its been holding up in the past years. After all, you aren't going to feel too happy about that great new set of wheels if it takes more than the average 15% "hit" after it has been driven off the lot.
Finally, here's a consideration for leasers. Make certain when you lease a car that you check for mileage restrictions. On average, these are 12-15 thousand miles per year with a price per mile penalty for anything in excess of that. The kicker is a lot of these penalties are big and can add up to thousands of dollars when turning in your car. Also make sure you buy the available extended warranty to cover your lease term; that way you aren't paying repair bills for a car that you don't even technically own.
Selecting a automobile that has the look and feel you want will go a long way toward guaranteeing that you stay pleased with your purchase. But doing a little research into your prospective new car's resale value and warranty coverage may go even further toward retaining satisfaction in the vehicle you end up buying.
Extended Auto Warranty Resources
Car Extended Insurance Warranty
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