Should I Buy Extended Warranty
Should You Buy A Used Car From An Authorized Pre-Owned Car Dealer?
Friends don't let friends get ripped off. Are you looking to purchase a used car in the near future, and are not quite sure whether to buy from a person selling their own car, or from a used car dealership? When buying from a dealership, you are getting the remainder of the new car warranty, which is non-transferable when buying a car from a private citizen. But, at the same time, by the time you drive off of the dealer's lot in your new, but slightly used car, it has depreciated by 15 to 20 percent in value.
When purchasing a used car as a private sale, as in buying it from someone with a personal advertisement online or in a newspaper, the car does not depreciate in value as soon as you buy it, it may even be worth more. It all depends upon how much you paid for the vehicle, and what it is worth in the Kelly Blue Book of used car values, as that is the price that the government will tax the sale at, and the cost the insurance company will evaluate the car at. Other than losing value once you leave the dealer's lot, you will also be paying more for a certified pre-owned car, as opposed to buying the same car as a private sale. The dealers will show, and give, a lot less leeway in the final price of the vehicle, whereas the private seller may just really want to get rid of the car, and let it go for less, just to get it out of the garage. Private sellers do not charge fees for every little thing that the car goes through before being sold, and the dealers will charge you the cost of gas, for driving the car from the lot to the car wash bay and back. Buying certified pre-owned cars, you will have to pay for the car wash, inspections, rustproofing and/or rustproof checking, and anything else that the dealers can think of, in order to jack the price of the car as high as possible, all the while trying to convince you that you are getting the deal of a lifetime. Just don't tell his boss. No, the truth is that you could pay 20 percent less than the sticker price, and the dealership will still be making money. The salesman, not so much. A dealer will charge for freight, even though the car was purchased as a trade-in, from that little old lady from Pasadena who only drove the car to and from church and church-related functions. They also have overhead to pay for office space, utilities, salaries, personal cars for the owners and productive sales staff, advertising and taxes. And, of course, they don't sell used cars just because that's what they always wanted to do; they still need to show a decent profit. When buying from a private seller, they are usually just happy to get an offer, and will most likely not just let you walk away over a thousand dollar difference. However, the major con of not buying a certified pre-owned car is that the service contract, or extended warranty, is non-transferable between two citizens. Warranties can only be transferred when sold through a certified used-car dealership. With all of this in mind, and with checking the car's CARFAX report, you should be able to judge whether the extra costs related with buying a car from a certified pre-owned car dealership are worth the benefits. If the car is in great shape, and the CARFAX report is positive, then buying it from a non-certified pre-owned car sales dealer can be a very positive deal. Until the head gasket blows on your way home with your new, used car. Drive safe. Drive informed. By Marc Phillippe Babineau - A Maritimer by birth and soul, I worked as a Technical Writer and Trainer for 13 years in the Aerospace industry. I also worked contract as a Technical Writer and Trainer for 4 years, mainly for the Departm...
Should I buy extended warranty for new Honda Civic?
I just bought a Honda Civic Couple LX 2006 - current warranty is 3 year/36,000. Dealer is giving me option now for 5 year/80,000 for $1,200. Should I get it?
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Should I buy extended warranty for MP3 player (Sony Sports Walkman NW S-205F)?
I'm thinking of upgrading my MP3 player from a Sony NW-E95 to a Sony Sports NW S-205F. I was wondering if I should pay extra for the extended warranty (I believe it's 2 years). Also, how long do these MP3 players with the internal battery generally last before they completely die for good?
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Should I buy extended warranty for my 2002 Honda Accord?
I have currently 97K miles on it and my current warranty covers till 100K. Once I cross 100K, should I buy the additional warranty? I have maintained my car pretty well. Please advise
Thanks
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