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Buyer's Guide

Tips on Buying Used-Car Warranty



Buying a car

Many experts will tell you that it’s not worth getting an extended warranty for a new smartphone, TV, laptop or most other electronic items, but fewer would say the same about a car. There are simply way too many things that can go wrong and way too much money at stake.

When your car is new, the longer the warranty, the better. If it’s purchased used car and the manufacturer’s warranty is about to run out or has run out, getting a used-car warranty could be a very smart move that could spare you the headache of potentially spending thousands of dollars in auto repairs should something bad happen.

It is generally on a used car if the car in question is notoriously unreliable, something you can check by using reliability rating publications like and Consumer Reports, by reading automotive forums, or by soliciting the opinions of knowledgeable mechanics and other drivers who have owned the same car.

Should your car have a poor reliability record, consider a warranty if the following two conditions are met:

  1. It should be an exclusion warranty, meaning that it covers everything except for items specifically excluded. Such an arrangement usually provides more comprehensive warranty and allows for a lower chance of a claim being denied.
  2. The warranty’s cost should not be prohibitive and not have you spend more money than needed to protect yourself against problems that may never arise.

It’s also very important to research the reputation of the company selling the warranty, bearing in mind that some of them have strong reputations and a wider presence while others might not have the resources to back up the warranty coverage promised when your car start having serious problems.

As with everything in life, you get what you pay for. Never buy an extended warranty on price alone and avoid ultra cheap plans, which usually provide less coverage than you think you’re getting and –figuratively speaking — could end up costing you an arm and a leg.

What matters more than price is knowing what is or isn’t covered and seeing how it matches up with your unique needs. That’s not to say you shouldn’t consider or ask for discounts offered on coverages. Some reputable companies like offer a 30 day money back guarantee that you should take advantage of.

For convenience, Endurance and several other companies also act as the direct administrator and obligor of some or all of the plans they offer, meaning there’s no middleman involved from quote to claim.

There is no doubt that having a warranty on your used car can provide a little peace of mind. With cars costing so much money and being so complex, vehicle protection could come in very useful, and we think most drivers would rather be safe than sorry.

Before buying a used-car warranty, however, do your homework. Consider the upfront cost of the car, its reliability and its potential resale value, as well as whether or not you can afford to spend hundreds if not thousands of dollars on potential repairs ( can be expensive to fix). Avoid the cheap plans and opt for one that provides the comprehensive coverage you need.

Go with a trusted, highly reputable warranty company.

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Your Guide To Buying A Car Online



Buying BMW Car Online

If you haven’t bought a new or used car in a while, you are in for a surprise. The internet has taken car buying to a whole new level.

No longer do you walk into a dealership and get greeted by that “ salesguy.” Dealerships now have internet sales departments and have put everything you need to know online, which means you can research, locate and negotiate your new car without having to deal with anyone face-to-face.

With some great input from in Yonkers NY, here’s a quick look at the process and how it works.

Choose Your Car

The internet makes identifying the best vehicle for you easy. You can easily research different makes and models and find data on historic reliability to gain insight into any issues they may have.

Research Value Of Your Trade

Knowing the value of your trade can prove very useful when you start looking at financing options. In the United States, most dealers use the (KBB) and/or the (NADA) to determine used car values, and you can too. Both can be accessed on the web.

Get Multiple Qoutes

After completing your online research, local dealerships for an online price quote. This is usually done by filling out a website quote form or by emailing the internet sales manager directly.


With the internet, you can find out not only the vehicle’s MSRP, but also the invoice price and even what other consumers paid for similar vehicle. You can perform a complete financial analysis of your car purchase and negotiate with the car dealer online.

Sell It Yourself?

Once you know what the dealership is going to give you for your old car, you can decide if you are going to trade it in or sell it yourself. Here’s what you need to know: you will possibly get a higher price if you sell your car yourself, but you may find that selling it to a dealer can save you a lot of headache.

Get Financing

Dealers can approve your car purchase on their website. You may wish to shop around at banks and credit unions for lower rates, but a dealer is likely to offer you a great finance package with little hassle.

Sign And Drive

After everything is taken care of, just visit the dealership to finalize the bill of sale and sign any required financing paperwork. Then pick up your keys and drive your new car home!

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Buyer's Guide

Know Your Car Leasing And Finance Lingo



negotiate buying car price

Like any specialized marketplace, car dealerships have their own financial lingo that can leave many people perplexed.

Are you are considering a new car lease or perhaps going to work for dealership soon? If so, of Farmingdale, NY, helped us put together a quick guide to some of the more common phrases you may encounter when discussing automotive leasing and financing. After all, knowledge is power, and the more you know, the less likely you are to be swindled by a sleazy salesperson or dinged at the end of your lease.

Annual Percentage Rate (APR): A loans APR is the interest rate you pay on a car loan.

Balloon Loan: A is a loan that that pays off only part of the loan during its financing term and requires a big payment (balloon) at the end.

Buyout Price: The price of buying a car at the end of the lease term. This is an important figure to know when shopping for lease financing.

Closed-End Lease: An automobile lease that gives the lessee the option of buying the car at the end of the term at a set price. Closed-end leases are what nearly all car dealers and banks offer.

Default: Failure to make payments or otherwise abide by the terms of a financing contract.
Documentation Fee: Charges that cover the cost of processing paperwork involved in a car lease or purchase.

Early Termination Fees: Penalties paid for withdrawing from a lease ahead of the scheduled end date.

Excess-Mileage Charges: Penalties paid at the close of a lease if the lessee drives the vehicle a greater distance than the limit stipulated in the contract.

Excess-Wear Charge: Penalties paid at the close of a lease if the .

Lessee: The person leasing a car and making all necessary payments.

Lessor: The finance company or party to which a lessee makes payments. The true owner of a leased vehicle.

Mileage Limit/Allowance: The maximum distance a vehicle may be driven during a lease. Any additional mileage will be an additional fee, usually a per-mile charge.

Residual Value: The estimated value of a car when it is returned from a lease. In most consumer leases, which are closed-end, this is the value used in the monthly payment calculation and the price at which you can buy the car at the end of a lease.

Term: The length of a lease or loan.

Trade-In Value: The price a dealer will pay for your current car when selling you a new one. Dealer trade-in is typically less than the price possible with a person-to-person sale.

Up-Front Costs: The total of all costs that must be paid at the signing of a lease contract, including the down payment and any fees.

Walk-Away Lease: A lease that gives the lessee the option of either buying the car at the end of the term at a set price or “walking away” without liability for any unexpected reductions in the vehicle’s value.

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Want A Car But Have Poor Credit? Try A Bad Credit Loan



Used Car Keys

Not everyone has excellent credit. Fortunately, there are lenders out there cater to such people and offer special credit terms.

Ask the folks at (Roslyn, NY) and they will tell you that a “poor credit” car loan is just a different type of loan and no emotions are attached. In this article, we fill you in on your options if your credit history isn’t great. The good news is that you can still buy a car!

Your Chance To Get A New Car

The first thing you will find is that many lenders specializing in poor credit loans want to sell you a new car. We know this seems counterintuitive but there is a reason for it. From the lender’s perspective, a new car has more value and therefore offers more value that can be salvaged if the buyer defaults on the loan. The lender also assumes that the owner will be able to keep up with payments because there shouldn’t be any “surprise” car repairs that pop up.

Check Your Credit

If you want to buy a new car, start by pulling your credit report to see how it would look to a lender. You can get free credit reports from a number of online companies like . If your credit score is lower than you thought, don’t fret, all is not lost.

Higher Interest Rates

If your credit isn’t sparkling, you will likely be than those with really clean credit. But, you should know that some lenders will offer you lower rates than others, so shop around. Simply Google “bad credit loans” or a similar phrase. You will find a few lenders and car dealers in your local area that offer this service.

Choose Your Car On-Line

Once you have found a dealer that offers poor-credit loans, it’s not a bad idea to find a car that meets your needs in the dealer’s inventory. Once you have found a car that you like, the next step is to visit the dealer and check it out. When you go in, be prepared to talk about the financing and it may not be a bad idea to bring some personal documents (recent pay stub, a utility bill and a driver license) along.

Drive Her Home

If you have brought all your documents and everything works out, you should be able to drive home in your new car in just a few hours. By the way, there is some good news: if you keep up with your payments, you will establishing a nice new credit history.

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