Get An Aftermarket Auto Warranty The Covers Wear And Tear

 

People usually purchase an aftermarket auto warranty or an extended auto warranty for their cars when their factory warranty is up. When you purchase an aftermarket auto warranty, you warranty provider will cover the costs of bills for replacement and repair of certain parts of your car. Here are some things to keep in mind when planning on buying an aftermarket auto warranty:

An aftermarket auto warranty generally does not cover the costs of repairs that are in relation to wear and tear. An aftermarket bumper-to-bumper warranty will cover expenses for repair and replacement of most parts of your car, but usually, this warranty will not cover your brakes, tires, etc. However, there are companies out there that will provide you with a warranty that covers wear and tear parts in addition to the other parts. It is smart to purchase a warranty that covers wear and tear parts even if it is more expensive than a regular mechanical warranty. This is because approximately 80% of your car repair expenses are due to wear and tear issues. You can save a good amount of money with an auto warranty that provides coverage for wear and tear problems, especially if you have an older car.

 

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Avoid Paying Unnecessary Car Expenses With An Auto Warranty

 

People love their cars. Cars become our babies and we are constantly washing and waxing them to keep them looking shiny and new. Some people love their cars so much they talk to them and give them an affectionate pat every so often. However, as much as we love our cars, we should not have to pay for unnecessary expenses. Here are some things that you may be wasting money on:

First off, it is not always necessary to buy premium gas instead of regular gas. You can purchase regular gas, which is cheaper, if it does not cause your engine to knock. The purpose octane serves is to prevent engine knocking. Therefore, if your car is not knocking when you use regular gas, it is fine to use.

Generally, car manufacturers suggest that you should get an oil change done every 5,000-7,500 miles. Many motorists think that oil changes need to be done every 3,000 miles. However, this is only absolutely necessary if you are very hard on your car.

In addition, people tend to waste money by getting repairs done by a dealer. Independent shops do a great job and for less money. Also, make certain that you have an auto warranty that can help you to save money on any unnecessary repair costs.

Being aware of where you waste money can help you to save some money. Do not let others convince you that certain car expenses are necessary.

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Should A Car Be Inspected By A Professional Before Purchasing?

 

Purchasing a used car is an exciting experience through a bit intimidating for the average person. Once you find the vehicle that you’d like to purchase you need to be cautious that you are not inheriting somebody else’s previous problems. Whether you are purchasing the vehicle privately or from a dealer, it is always advisable to have a professional mechanic trained to perform used vehicle inspections check it out prior to completing your purchase. This can be done for a nominal fee and can save you many headaches you may run into later on if you haven’t had the car checked out first.

Dealers sometimes claim that they have thoroughly checked the vehicle and that it is road ready. The fact of the matter is dealers are not always honest and sometimes have not done anything other than drive the car onto the lot and offered for sale.

Buying the car privately is no better as there is a reason the person is selling the car. In many cases, because they don’t want it because it has been a problem and would rather somebody else have to deal with it.

All of that being said, there are still some excellent values out there and many of the vehicles for sale will end up being reliable transportation. Your job as a consumer is to make sure you don’t get stuck with one of the problem vehicles. The best way of doing this is to have a professional used vehicle inspection service check out the vehicle before completing the purchase.

Of course once you’ve purchased the vehicle it is also an excellent idea to purchase an extended used car warranty to protect you from the inevitable failures that will occur, even on quality vehicles as time and mileage. To find out about extended auto warranty coverage find an auto warranty company that has been around at least 10 years and has a solid rating and accreditation with the Better Business Bureau. Also, make sure that the company is directly underwritten by a US insurance carrier. One such company to check would be Auto Advantage Inc. found at www.autowarranties.com. Auto Advantage can also provide a professional inspector to check out the vehicle for you prior to completing your purchase.

 

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10 Tips to Avoid Car Theft

 

According to the FBI’s Uniform Crime Reports, 1.09 million motor vehicles were reported stolen. While auto theft has decreased, it still means that every 28.8 seconds, a vehicle is stolen in the United States.

These statistics are especially important to keep in mind because of car theft, according to the Insurance Information Institute, peaks in July and August.

One of the biggest misconceptions about auto theft is where they occur. Did you know more than 33% of all vehicle thefts occur near the car owner’s residence and around 20% of thefts occur in parking lots? Do these numbers have you worried?

Well, you should be vigilant in securing your car and luckily there are many preventive measures you can take to keep your car safe.

Here are 10 things you can do to help protect your car from theft:

  1. Don’t leave your car unlocked
  2. Never leave your car running, especially while it is unattended or unlocked
  3. Do not leave a spare key near your vehicle
    Many people keep a spare key under the car, just in case they get locked out and thieves know exactly where to check for an extra key. While getting locked out of your car is a pain, think about the potential hassle of your car getting stolen.
  4. Never leave your windows open
    Even during the summer when it is scorching hot, don’t leave your windows open or slightly cracked when you are not in the vehicle.
  5. Park in well-lit, public areas
    Avoid parking in areas that are poorly lit or places that are not immediately seen by the public. This will not only keep you safe when you exit the car, it will also help keep your car safe because thieves tend to avoid areas that are highly visible.
  6. Install an audible alarm system and a visible anti-theft device
    Car thieves tend to avoid cars with alarms or anti-theft devices because they attract attention when they go off. These devices are well worth the investment.
  7. Install a vehicle immobilizer system
    Thieves can bypass your ignition by “hotwiring” your car. You can prevent this by using a vehicle mobilizer system such as fuel cut-offs and smart keys
  8. Consider installing a GPS tracking system
    When your car is stolen, this tracking system will emit a signal to the police of your vehicle’s location. This may help the police recover your vehicle faster and may minimize the damage to your car. This may be a good investment if you live in an area with high auto theft rates.
  9. Don’t leave valuable personal property in your car
    The best way to attract a thief is to leave your purse or another high-value item in a highly visible area of your car. If you must put something of value in your car, keep it in the trunk or under the seats, where it is not visible to others.
  10. Use Common Sense
    If you are wary of the safety of your car or see someone loitering around the parking lot, it’s best to park somewhere else. It’s better to walk a few extra steps than to have your car stolen because you ignored your instincts.
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8 THINGS TO WATCH OUT FOR WHEN BUYING A USED CAR

 

BUYING A USED CAR

The used car market is a haven for various automotive gems! It is the perfect place where you can look for that odd box-type sedan that brings you back to your good old childhood days, or if you are lucky enough you can get a rare expensive classic that can now be worth millions away from its original price. Regardless of whatever meets your eye as you wander about in the used car center, used cars can become financial liabilities if you do not make it a point to check on them after making your purchase. Whether the vehicle is for you, your brand new teenage driver, your significant other, or a friend/family member, before you jump the gun on purchasing a used car, make it a point to watch out for these elements.

BODY AND GLASS

First impressions last – at least that is how you should think when you start evaluating your used car of choice. Issues such as cracks, dents, and uneven paint should play a significant part in the used car’s pricing, since those can be costly to repair. Moreover, those kinds of damage may indicate that the used car may have been involved in accidents of various degrees under its previous owner. That, of course, may point to further internal damage, so make sure to look at those problems with great circumspect when you think about your used car purchase.

INTERIOR, SEATS, AND ODOR

When canvassing for a used car, do not just look at the outside. In fact, it is even more important that you discern whether the used car you are looking at has an interior that is bearable enough for you to spend most of your time; think about all that time you spend sitting in traffic to and from work. Things like seat upholstery, seatbelts, and overall odor play a huge part in your driving experience with your used car, so make it a point not to neglect those things.

CONTROLS AND SOUND SYSTEM

Watch out for missing dials, malfunctioning light indicators, and damaged interfaces when looking for a used car. A typical secondhand vehicle should have controls that are still working properly, albeit with some parts of it already worn out. Also, make it a point to check the condition of the used car’s sound system. Muffled speakers and a faulty sound system interface may make for an unpleasant driving experience (think about having to sit in silence or forced to listen to an awful radio station during that traffic we already talked about), while faulty electrical wiring for both your controls and sounds may prove to be dangerous in the long run.

LIGHTS

Obviously, faulty exterior lights are a no-no for used cars, and fixing them can be quite a costly ordeal. With that, it is highly important that you check the conditions of the headlights, signal lights, and taillights of the used car you are eyeing first before purchasing it. Moreover, also make sure that your interior lights are also in good shape, so that you would not have to experience inconvenience in the event you need cabin lighting as you drive during nighttime.

TIRES AND SUSPENSION

A good used car has a properly-rotated and balanced set of tires and a suspension set that provides stability and safety, especially during long drives. With that, make sure that your used car of choice has good tires and suspension. Otherwise, you would certainly find yourself flirting with the possibility of encountering unwanted road accidents. You do not want to be that person on the side of the highway waiting for road assistance because your tire blew.

FLUIDS

Before purchasing a used car, make sure to check the condition of its fluids. Watch out for residues, burnt smell, or foamy particles on the dipstick – those typically refer to various problems your mechanic should work on right away. Normally though, engine oil is brownish or blackish in color and residue-free, while the transmission fluid appears pinkish.

RADIATOR

A used car should not have green particles sitting around on its radiator. Otherwise, it shows that leaks may have been made, and that a replacement may be necessary. As long as the radiator does not appear rusty or to have corrosion, then you are in good company.

ROOF

Checking the roof of your chosen used car is actually a no-brainer. Doing so allows you to see whether there is a possibility of water leakage inside the cabin, which you must prevent at all costs if you want a pleasant driving experience. At the same time, make sure to check if your sunroof is working properly, if you have one.

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When Should I Pull The Trigger On A Credit Application?

 

The credit application process can be confusing. You may know that submitting an application can affect your credit. When a prospective creditor accesses your full report, it registers as a “hard” inquiry, which demonstrates that you are in the market for credit. But not all inquiries are hard inquiries, and you can minimize the effect of hard inquiries by planning ahead.

THE SOFT TOUCH

The one concept every adult with credit should understand, at a minimum, is the difference between hard and “soft” credit inquiries.

  • Soft credit inquiries result from credit checks executed by any party that is looking for a general idea of your current credit profile. The most common example is a creditor that uses public records to check long lists of people who may be candidates for “pre-approval” offers. Some states allow prospective employers to access a limited version of your credit report as part of a background check. These types of credit checks don’t require your explicit permission, they do not include many specifics, and they don’t affect your score.
  • Hard credit inquiries are a completely different matter. They do require your permission (and, in most cases, your Social Security number), they do result in a full credit report, and they will reduce your credit score by a few points. They will also appear on the report your next prospective creditor sees. Note: Only enter your Social Security Number into a loan application if you are ready to apply and have your credit pulled. When you submit a loan application with your Social Security Number, your credit will almost always be pulled immediately.

Generally speaking, having two hard inquiries or less on your report at any given time isn’t going to have much impact overall. Three or four might not even make much of a difference. But any more than that will. Your score will be reduced appreciably and creditors may be reluctant to work with you if it appears you are desperately seeking more lines of credit than you can afford. They have to minimize their risk.

There is an exception: When a number of hard inquiries register within a short period of time, the credit reporting agencies will group them together as “one” inquiry on your report. If you are in the market for an auto or home loan, it is critical to plan accordingly.

PULL THE TRIGGER

To minimize the effect of the application process on your credit score, go as far into the process as you possibly can before you pull the trigger on a hard credit inquiry. If you can determine only one creditor is worth applying to, or if you can submit multiple applications at once, you will only lose a few credit score points. And if you have a very long credit history, have paid your bills on time, and have no other red flags, your score will likely recover in a few months, at most.

Here are a few scenarios in which you can feel safe pulling the trigger on a credit application:

  1. You are ready to buy. You have done your research, you know what you need to buy and how much it costs, and you have narrowed your selection of prospective creditors.
  2. You need a place to live. If you are in the market for a new apartment, and you find the perfect one, don’t hesitate. The credit application is just part of the process.
  3. You need a job. If your state allows employers to run a credit check, employers are within their rights to make it a condition of employment. This should, however, only count as a soft inquiry.
  4. You get an offer for a department store credit card. While there are times when store cards can be beneficial, it is in your best interest to limit the number in your wallet. If the savings are real, and you are not now or soon will be in the market for a more important purchase, it’s OK to pull the trigger.
  5. You need a credit card. Diversity is key to a healthy credit profile. If you have never had a credit card, and you are preparing for a major purchase, it may be worth obtaining one to add a “revolving credit” entry and activity to your report — even if it knocks your score down by a few points.

As you can see, there is no right or wrong way to manage credit inquiries. A good rule of thumb is to limit hard inquiries to those times when you know you wish to purchase something and avoid them the rest of the time. However, by maintaining otherwise excellent credit practices — particularly paying your bills on time and keeping revolving balances low — the impact that hard inquiries will have will be minimal.

 
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How Much Auto Insurance Do I Need?

 

Auto insurance can be broken down into three main types: vehicle, liability, and medical coverages. While you'll want to carry the minimum as required by state law, you'll also want to carefully consider the value of your car as well as additional coverages to protect yourself, your passengers, and your assets from accidents. When determining how much coverage you'll need, make sure you're covered for an amount equal to the total amount of your assets. Additionally, if you lease or have a lien on your vehicle, your lender may require for you to carry both comprehensive and collision coverages.

The following coverage packages are not specific coverage packages offered by carriers, rather, they illustrate common package types. This is more of a broad overview of what insurance carriers offer.

Keep in mind, you can mix and match coverages depending on your carrier and your specific needs. While you might want minimal coverages for your vehicle, you might want the maximum coverage for liability. Similarly, the health insurance you carry might factor into what choices you'll make when selecting personal injury protection (PIP).

Insurance carriers can be flexible and offer a wide range of products. We recommend speaking with agents to better dial in what you're looking for and tailor a policy that best suits your needs.

MINIMUM

This is the state required minimum coverage. Experts advise protecting your assets by purchasing more coverage than the state-mandated minimums, as these limits tend not to keep pace with the ever-increasing costs of car repair and medical bills. For example, repair of modern bumpers with motion sensors can cost upwards of $5,000. In some states, the minimum liability amount is only $5,000. Any damages over that amount could cost you out-of-pocket. We recommend purchasing more coverage, but if the state minimum is all you can afford and you don't have any savings or assets, this coverage level may suffice.

LOWER LEVEL

Consider this level of coverage if your car is valued under $10,000 and you can afford to pay out of pocket for repair, but you want higher liability and medical coverages to protect your assets. We recommend at least $25,000 for Property Damage, $50,000/$100,000 Bodily Injury, and $50,000/$100,000 for Under/Uninsured Motorists.

TYPICAL LEVEL

This level of coverage is purchased most often. It includes both collision, comprehensive, and higher amounts of liability and medical coverage. Generally, consumers choose $50,000 worth of Property Damage, $100,000/$300,000 Bodily Injury, and $250,000/$500,000 Under/Uninsured Motorist.

HIGHEST LEVEL

This level of coverage is a good choice if you have a lot of assets. While it will include both collision and comprehensive coverages for auto repair, it will generally have the highest level of liability and medical coverages available. Typically, $100,000 Property Damage, $250,000/$500,00 Bodily Injury, $250,000/$500,00 Under/Uninsured Motorist.

As previously stated, these coverages are indicative of packages that are common amongst consumers, but by no means are these examples exhaustive or restrictive of what you can purchase. Now that you have an overview of what's available, you can shop around and begin to get a sense of how carriers compare to one another for similar coverages.

From there, you can begin to compare differing products and discounts that each carrier offers. Not all carriers are the same, and to be competitive, they offer widely different products and policies. Take advantage of this.

For example, some carriers offer accident forgiveness, while others do not. Some carriers offer multiple products like renters, life, and homeowners insurance, which offers bundling opportunities.

Some carriers offer discounts that others do not. You might be interested in a low-mileage discount. You might qualify for a good student discount, a military discount, or a safe-driving discount. Some carriers offer discounts for anti-theft devices or if you use an electronic funds transfer to pay your premium.

It helps to shop around and compare quotes amongst carriers. There is no one-size-fits-all approach. You may want to speak with an independent agent, as well. They're knowledgeable of the industry and they understand what the multitude of carriers offer and their philosophies. An independent agent can help set you up with a carrier that's the best fit for you.

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Auto Warranty Scam Warning



It has been reported that a variety of companies and marketing firms have been making unsolicited calls to offer customers an automotive extended warranty. When a customer is told that the warranty is about to expire, if they are not educated to the warranty business or their vehicles coverage may sometimes believe anything a telemarketing agent says. Unfortunately in almost every case they are creating this information out of thin air with hope that they can scare or pressure a customer into purchasing warranty coverage for their vehicle. This is obviously a dishonest practice but is borderline illegal as well.

It is also been reported that a variety of third-party companies have been sending a postcard a flyer in the mail with the same general information hoping to coax a customer into calling them so they can attempt to sell them warranty coverage. This process is a high-pressure process, usually involving several levels of sales professionals to try and close the deal.

What these companies never tell you is that in many cases, your car may still be covered by an existing warranty as they have no knowledge of the vehicle’s actual existing warranty status.

Also, there are many levels of warranty coverage that are available that are generally not explained in clear detail to a customer. They simply sign you up, collect your money, and then send you documentation later where you find out there are many loopholes that would allow a claim to be denied. This is assuming the company even has a claims department and any legitimacy at all.

In most cases, you may have simply given money for a product that either doesn’t exist or is not an actual insurance company product.

If the company does have any legitimacy, not having an underwriter simply means that in the event that they have any type of claims activity at all, they can easily be wiped out as they very rarely leave much money in a claims fund to protect the consumer.

The bottom line is a customer’s best option is to reach out to a legitimate warranty provider that is directly underwritten by a US-based, “A” rated carrier. The other option of course is to visit a local dealership and find out what they are offering. The downside to this is that dealerships are generally 50-100% more expensive the same level of coverage you can get in the automotive warranty aftermarket.

The bottom line is you will almost never hear a radio ad or receive a notice by mail from any legitimate warranty company so buyer beware!

If you are looking for warranty coverage a great place to start would be www.livauto.com where you can get wholesale pricing for the industry’s highest level of coverage.

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