Usually, talk of an extended warranty is waved off as a money-making scam by thrifty buyers in the final moments of a sale. And, usually, it’s the dealer offering the coverage. The buyer sees their total amount owing skyrocket on the finance manager’s computer and quickly signs for the agreed-upon amount, thankful to have escaped the building with his or her original payment calculations intact. Uncertainty lies years down the road, but the thrill of new vehicle ownership muscles those fears to the back of the mind as the driver motors home, fingers crossed. General Motors wants buyers to embrace that extra peace of mind, but it wants the coverage to come from the factory, not from a dealer extended warranty or service contract. On Monday, the automaker announced an extended factory warranty for vehicles spanning its four brands, and, right on cue, complaints arose from those tasked with selling the cars. In short, GM’s so-called “true, extended bumper-to-bumper … [Read more...] about Some Dealers Irked by GM Extended Warranty Offer, Many Buyers Might Not Be
New car extended warranty
General Motors now offering its own extended warranties
(GM) For the first time ever, General Motors is offering a bumper-to-bumper warranty extension from the factory. The deal extends Chevrolet and GMC’s 3-year/36,000-mile warranty to 5/60,000 and Buick and Cadillac’s 4/50,000 to 6/70,000. Dealers will set prices, but Automotive News reports that they are expected to range from $1,000 to $2,000. The coverage is a true warranty, so there is no deductible, and it is transferable with the sale of a car. GM says the average new car owner now keeps their vehicle for 6.8 years, but points out that the base coverage is still sufficient for customers who lease their vehicles. Volkswagen currently offers the longest standard warranty of 6 years/72,000 miles on all of its models save the electric e-Golf. … [Read more...] about General Motors now offering its own extended warranties
AAA says New Cars Lose $3,000 Annually from this Single Expense
September 23, 2018 | AAA Orlando, FL – AAA’s 2018 Your Driving Costs study reveals the largest expense associated with purchasing a new car is something many drivers fail to consider – depreciation. In fact, it accounts for almost 40 percent of the cost of owning a new vehicle – more than $3,000 per year – and is influenced by a number of factors, including shifting consumer preferences. AAA urges car buyers to think about both market trends and length of ownership when shopping for their next vehicle purchase. Drivers should keep resale value top of mind when buying a new vehicle. (AAA) “New vehicles offer the latest designs, cutting-edge technologies and warranties that offer peace of mind,” said John Nielsen, AAA’s managing director of Automotive Engineering and Repair. “But, car owners that like to change vehicles frequently should be thinking about the resale value – not just the purchase price – when … [Read more...] about AAA says New Cars Lose $3,000 Annually from this Single Expense
What’s the Best New-Car Deal for September 2018?
Back-to-school traffic got you spending a little too much time in that old car? Consider something new. Discounts for the Labor Day weekend might be in the rearview mirror, and the rolling boil for new-car incentives has slowed to a simmer in recent months: Motor Intelligence pegs overall new-car discounts at $3,784 per car in August, up just 1.3 percent on the year-ago month. That's the lowest year-over-year increase in 41 months. Related: How to Negotiate With a Car Dealer The silver lining for shoppers, however, is September's strong showing for incentives in recent years. Autumn's kickoff month has ranked among the top three months for new-car discounts during each of the past four years, according to the company. What's on sale? Try these on for size. Dodge Grand Caravan How much can I save? More than 10 percent off most variants. Grand Caravan sales fell 23.8 percent in August (albeit versus a banner year-ago month) as 2018 model-year examples of the … [Read more...] about What’s the Best New-Car Deal for September 2018?
Mahindra Marazzo Comes With Extended Warranty Of Upto 5 Years/1,50,000km
Mahindra is offering a standard warranty of 3 years/1,00,000km on the Marazzo Mahindra has launched the Marazzo MPV in India with introductory prices starting from Rs 9.99 lakh and going up to Rs 13.90 lakh (ex-showroom pan-India). With this, the carmaker has bridged the gap between the Maruti Ertiga and the Toyota Innova both in terms of price and size. Also Read: Mahindra Marazzo vs Toyota Innova Crysta vs Maruti Ertiga & Others: Spec Comparison RelatedMahindra Marazzo: 5 Things That Could Have Been Better The Marazzo is available with a standard warranty of 3 years/1 lakh km, which can be extended further. The extended warranty, which is known as Mahindra Marazzo Shield, can offer coverage up to the 5th year or for 1.5 lakh km, whichever comes first. Mahindra Marazzo Shield can be bought for just the fourth year coverage or for both fourth and fifth year coverage. The prices of the extended warranty are based on the coverage you opt for, and when you opt for it. The … [Read more...] about Mahindra Marazzo Comes With Extended Warranty Of Upto 5 Years/1,50,000km