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Pricing a "New-to-You" Used Car

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Pricing a new to you used car

 

How exactly do you go about pricing a new-to-you used car?

Nothing beats the feeling of driving away in a new car. Even if the vehicle is technically used, when new to you, it offers an entire world of new opportunities. But how should someone price a new to them used vehicle? After all, it is not like going directly to the car manufacturer's website and pricing a vehicle before heading out to the dealership. Buying a used car requires a bit more investigating, but it also lends itself to helping car buyers save a considerable amount of money. 



Tracking Down the Right Vehicle

When shopping for a used vehicle, it is important to take note of having an idea for what kind of vehicle make and model you want. Do your research through services like Consumer Report and other vehicle review websites in order to determine what vehicles run into the fewest problems. Some vehicles are constructed to last a very long time, while others are designed more to impress immediately, but don't necessarily have a very long shelf life. For someone on the market for a used truck, they should look up how used Fords, Chevys, Toyotas and others fair over an extended period of time. This way, it is less likely the person will need to spring for expensive repairs immediately upon buying the truck (or shortly after). 

Once someone starts looking at the vehicle style they are interested it, they need to write down all of the general specs of the vehicle when one interests them. This doesn't just include the make, model and year, but also trim variations and any added upgrades. They should look at the tires to see if these need to be replaced soon. Also, they should take note if the wheels are steel or aluminum. Steel wheels are far less valuable than the aluminum wheels. Once all of this information is obtained, they can plug it into a service such as Kelly Blue BookKBB provides some of the most accurate pricing information on used vehicles. Here, the individual simply needs to plug in all of their findings, note any damages or upgrades and if they are buying from a dealer or independent seller. This way, they are able to come up with what the average vehicle is going for. 

Get the Car Fax

If the price is right and a potential buyer has found a lone vehicle they are interested in, it is time to check the Car Fax. To obtain this information, the VIN is required. The VIN can be found on several areas of the vehicle, ranging from the lower driver's corner of the windshield to the interior, driver's door panel or the glove box. The VIN records all work the vehicle has received, accidents and other possible problems. If the vehicle has seen a large number of drivers over a short period of time, it might reflect serious problems under the hood. It does cost money to obtain the Car Fax, but it is always a good decision before purchasing a vehicle as it gives the best idea at what it should cost.

Buying From a Dealer or Independent Seller

There are pros and cons with each. When buying from a dealer the vehicle is going to cost more, but usually comes with some sort of vehicle warranty. Typically there are fewer potential problems connected with the vehicle. On the other hand, an independent seller can offer a better price, but there is no warranty and there is always the problem of an expensive repair down the road. Always have the vehicle inspected when buying from independent sellers. 


If you are looking for a company that specializes in Automobile Extended Warranties, look no further than True Auto Vehicle Breakdown Protection. Coverage plans will protect your new, used and new-to-you used vehicle.  

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Topics: extended warranty, car warranty, Warranty, extend your car warranty, resale value, auto warranties used cars, automobile warranty, extended warranty options

Who are the best auto extended warranty companies?

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car warranty breakdownYou have come to the realization that your vehicle, which is one of your most expensive assets, needs to be protected with an auto extended warranty.  Now you have to take on the daunting task of finding the company that will fulfill this need while being reliable and trustworthy.

How do you find the best extended warranty company?

My first suggestion is forget going to your dealership.  While auto dealerships are great and keeping inventories of vehicles ready to sell you, they are not the best place to buy and auto extended warranty.  For that task, you really need to go online.  The best reason to buy from and online provider is that you have easy access to research on what level of coverage you are buying, and you have quick access to shop quotes with multiple providers.

Search the internet a generic term like "best auto extended warranty companies", or just "extended auto warranty".  Now the top 3 companies listed on google are companies that pay for that spot on the search results.  So, do think they are necessarily the largest or the best.

Here are the questions to ask or find in your research:

Is there a large insurance company standing behind this policy?  You see the company that the extended warranty is through is typically a Third Party Administrator.  These TPA's can be very large, or very small.  In either situation they could go out of business and leave you hanging if there was not an insurance company insuring their performance under the contract.

What is the maximum amount that the policy will pay out?  If you have a higher mileage used car then you will only be eligible for coverage that cover the major components on your vehicle - like engine, transmision and drivetrain.  Some of the policies have a maximum payout of a certain dollar amount.  I have even seen policies that have a max payout of $3,500.  What you want is a maximum payout of the actual cash value of the vehicle.  Meaning if your car is worth $10,000 then they will pay out up to $10,000.  There are very few companies that will pay out more than that.

Be careful of the deductible - Make sure your deductible is "per visit" instead of "per component"  Suppose you have a breakdown that needs 3 different components fixed.  If you have a per component deductible, you would have to pay 3 times your stated deductible.

Extended auto warranty coverage can be a great idea.  Just make sure you do your research when it comes time to buy.  If you have any questions, don't hesitate to call us at 1-877-397-1022 to help you weed through the information.

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Topics: extended warranty, extended car warranty companies, auto warranty quote

Extended car warranties from the dealership or online?

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describe the imageWhen shopping for an extended car warranty, you should expect to do a lot of research. Any third party dealer is out to make a few dollars, so you should always know what your policy covers, as well as the year and mileage limit. With the exception of a manufacturing warranty, the two places to buy are either online or a dealership. While some online providers are going to have better reputations and motives than others, overall they're going to offer better deals than the average dealership.

The problem with going through a dealership for the extended warranty is that the salesperson or financial manager is trying to make a profit. Dealers make their profits on commission, and a hefty portion of that comes from extended warranties. Naturally, they want you to buy and they want you to pay as much as possible. Some dealerships will charge between 50 and 90 percent more for a policy than they paid for it. Disreputable dealers may tell you that they can't provide informative paperwork, can't make a customizable policy, and will get you a copy of the contract "after it's signed."

The upside to using a dealer is that they incorporate the extended warranty cost into your monthly vehicle payments. While that certainly is convenient, it may not be worth it for the added expense. You could buy through a dealership effectively if you did a lot of research, knew what deals you could get elsewhere, and were able to haggle with the salesperson efficiently. The process can be confusing and exhausting, though, so make sure you do your homework first.

Online extended warranties are easier to understand. Your options are laid out before you and you pick and choose accordingly. Choose a year or mileage policy and view it online before you sign. Make sure you know where your car can be fixed, whether it's paid for up front or reimbursed, and whether your policy specifies "damage" or "wear and tear." It's easy to compare these specifics from website to website, making it simple to research. It also keeps the sellers themselves more honest. Since commissions aren't involved, these third-party sites can offer warranties 40 percent less expensive than dealerships.

While passively accepting the policy offered by a dealership might seem easier, in the long run a little research can save a lot of money. Third-party websites offer cheaper deals with better overall coverage.
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Topics: extended warranty, car warranty, auto warranty

Auto maintenance tips, auto extended warranty

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Happy warranty customerRegular auto maintenance is important if you want to keep your car running smoothly. Certain parts wear out or cause damage if they are not checked or replaced regularly. Periodic maintenance work should be done on the oil, radiator, tires and timing belt. While most of these things can be done by yourself, having a good mechanic is just as vital as saving those few extra bucks.

Keeping your engine oil running clean is imperative, since low levels or dirty oil can damage the engine and cause major expenses. Oil should be changed every 3,000 miles regardless of the color and consistency.  Check the dipstick every two weeks or so. If the oil is sludgy, black or low on the dipstick, then the oil needs to be replaced. Always use a consistent oil weight that can be checked in the car's manual. Replace the filter after draining the oil. This process is easy to do at home and only costs 20 dollars for the required oil and 10 for the filter.

The cooling system regulates how hot the vehicle runs. A cooling system that hasn't been cleaned or changed will end up getting dirty and clogged. The radiator will stop working correctly and that can lead to the car breaking down on the side of the road, smoke pouring out from under the hood. Therefore, the radiator needs to be kept clean and full of fresh coolant. Coolant is inexpensive and the process is simple, so the whole procedure can be done easily at the beginning of every season, or four or five times throughout the year. Make sure that you don't flush out the radiator until the car has completely cooled down, since hot coolant can cause painful burns.

While tires and timing belts can be checked and monitored at home, a mechanic should be considered for replacing the timing belt and rotating or replacing the tires. The timing belt is just a big strip of rubber that can snap and ruin the engine if it isn't replaced according to the manual's predictive schedule. Most should be replaced every 60,000 miles. Tires should be monitored for low pressure and punctures. Rotate or replace the tires every two or three years.

Keeping your car tuned is easy if you follow a regular maintenance schedule. Take care of the easy projects to save yourself the money, but entrust the more complicated processes with the professionals.
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Topics: extended warranty, car warranty, automobile warranty

What are the other benefits of Extended Auto Warranties

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Warranties are like insurance.  If you unfortunately have to use them, then they are probably worth the cost.  However, in addition to just paying for the repair costs of your vehicle, there are other benefits that you should consider.

When you go into the service department of an auto dealership with an extended warranty on your vehicle there will be a service advisor to check you in.  You tell them the problem that you are having with your car or truck and they take some time to do some diagnostics.  They then call you up to the counter and give you the bad news.  They may say that the rear differential is off.  Or they might say that the alternator needs to be replaced.  The problem is that most americans don't have the "car savy" to tell if the service department is telling the truth or not.

With an extended car warranty, the services advisor will have to call in the claim to the extended warranty company.  The reps from the warranty company are all
ASE certified machanics and have extensive training on auto repairs.  So, in essence you have a "car guy" that has your back.

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Topics: extended warranty, extended car warranty companies, auto warranties used cars

Extended Car Warranty Companies - How to choose

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Extended Car Warranty Companies

There are many Extended Car Warranty Companies out there.  So, how do you choose the right one?  I am here to tell you that it is difficult to tell the differences between them.  However, the difference are not only there, they are extreme.

Most dealers sell Extended Car Warranties.  Some sell warranties that have the manufacturers name on them, and most offer warranties from Independent Warranty Companies.  Warranties with the Manufacturer's name in them are usually pretty strong, however they do have many drawbacks.  First, these warranties are sometimes insured and administrated by third party companies who really just private label their warranties for the manufacturer.  Second, they can be much more expensive than Independent Warranty Companies.  Third, they are many times only honored at that manufacturer's dealerships.

Independent Extended Warranty Companies can have some of the highest level of coverage at the most competitive prices as well, but you really need to do your reseach on the Company.  Some companies have very strong insurance companies standing behind them, and some have virtually no insurance at all.  In addition, look up the company at the Better Business Bureau to see how they are rated in their category.

Some of the Extended Car Warranty Companies that we recommend looking at if you are:

TrueAutoprotection.com (obviously)

Carchex.com

Warranty Direct

If you have any questions please don't hesitate to call us and we can walk you through all three of these companies:

1-877-397-1022

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Topics: extended warranty, extended car warranty companies, auto warranty quote

Auto Warranties Used Cars

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So you are looking for auto warranties on used cars.  Well, there are so many places to look and websites to review that it will make your head spin.  

Used car auto warranties are very similar if not identical to new car warranties.  They can be "bumper-to-bumber" or they can cover just a few components all depending on who you buy the policy from.  Obviously, the older your vehicle and the more miles you have on it, the less coverage that might be available for it.

Here are a few tips to help you in your search.

1.  Don't necessarily go to the auto dealership for this coverage.  Many of them are not even able to sell you auto warranties for used cars unless you go through a length inspection on your car.

2.  When you do find a decent quote, make sure the insurance company that stands behind the used car warranty is strong.

3.  If the used car auto warranties that you are looking at requires you to add an additive to your engine or transmission run away.  This is a product warranty and has many problems with it including a non-cancel provision.

4. Auto warranties for Used Cars are certainly a good decision if you buy from the right company.  Check them out on the Better Business Bureau

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Topics: extended warranty, auto warranties used cars

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