Dealer Products
Some Products The Dealer Would Like Your To Buy
The Dealer has many other products they would like you to purchase, most of them are not worth what they will ask you to pay.
Gap Insurance:
Gap insurance will insure one for the difference between what one would owe
on a vehicle and what an insurance company says it's worth. I would recommend
this insurance for someone who is considering purchasing a new vehicle since
a new vehicle depreciates right after it is driven off the dealer's lot.
Gap insurance will insure one for the difference between what one would owe
on a vehicle and what an insurance company says it's worth. I would recommend
this insurance for someone who is considering purchasing a new vehicle since
a new vehicle depreciates right after it is driven off the dealer's lot.
Extended Warranties: An extended
warranty is insurance. The question is, do you need to pay for this kind of
insurance? We generally buy insurance for risks that we cannot tolerate. We
will buy collision insurance in case we have a bad accident, but we will accept
a $500 deductible because we can tolerate the risk of a $500 expenditure.
Are auto repairs, once the car comes out of warranty, an expense you feel
you cannot tolerate? If you feel you absolutely must have an extended warranty,
make sure that it is a factory-backed warranty and not a third-party warranty.
Unfortunately, there have been some horror stories about third-party warranty
companies going bankrupt, leaving customers holding the bag. Also, remember
that the price of the warranty is negotiable like anything else.
warranty is insurance. The question is, do you need to pay for this kind of
insurance? We generally buy insurance for risks that we cannot tolerate. We
will buy collision insurance in case we have a bad accident, but we will accept
a $500 deductible because we can tolerate the risk of a $500 expenditure.
Are auto repairs, once the car comes out of warranty, an expense you feel
you cannot tolerate? If you feel you absolutely must have an extended warranty,
make sure that it is a factory-backed warranty and not a third-party warranty.
Unfortunately, there have been some horror stories about third-party warranty
companies going bankrupt, leaving customers holding the bag. Also, remember
that the price of the warranty is negotiable like anything else.
Undercoating: Given
today's manufacturing techniques, rust-through is a very rare problem. Furthermore,
most manufacturers have 5-7 year warranties against rust and corrosion. Undercoating
is something you almost never need and usually will not add to the value when
it comes time to trade it in.
Paint Sealant: Again, today's
manufacturing techniques make this an additional option that you almost never
need. Although some dealers may offer a warranty on the paint once this product
is applied.
Fabric and Leather Protector:
If you feel you need to Scotchguard the fabric in your car, do it yourself
for a few dollars. Dealers will often offer a warranty for the interior once
this product is applied
If you feel you need to Scotchguard the fabric in your car, do it yourself
for a few dollars. Dealers will often offer a warranty for the interior once
this product is applied
Window Etching:
The dealer will chemically etch the vehicles identification number
onto the glass, however It doesn't seem to deter thieves that the VIN number
is else where on the vehicle. The dealer will claim that having your windows
etched will lower your insurance premium, check with your insurance agent
to verify this before you go.
The dealer will chemically etch the vehicles identification number
onto the glass, however It doesn't seem to deter thieves that the VIN number
is else where on the vehicle. The dealer will claim that having your windows
etched will lower your insurance premium, check with your insurance agent
to verify this before you go.
Dealer Financing: There is
no reason not to finance your car with a dealership if their credit terms
are better than what you can arrange at your bank or credit union. Remember,
however, that the dealership can make a fair amount of money by handling your
loan, and you want to make absolutely sure that it is a better deal than what
you can get elsewhere.
no reason not to finance your car with a dealership if their credit terms
are better than what you can arrange at your bank or credit union. Remember,
however, that the dealership can make a fair amount of money by handling your
loan, and you want to make absolutely sure that it is a better deal than what
you can get elsewhere.
