At many buy here pay here dealerships, you won’t be left to your own devices should something happen to your car during the term of your auto loan. If you’ve chosen to get a warranty on the car, then you need to be sure of what it covers and how much the deductible is. More and more dealers these days are offering some kind of warranty along with an extended service contract for the vehicle you’ve financed through them.
If you have a warranty on your vehicle, you may take it back to the dealership in order to have repairs done on the covered parts. In order to remain competitive in a sea of subprime dealers, many buy here pay here lots offer warranties to protect their customers in the event something should break down in the car.
In this industry, it is a common belief that when the vehicle stops running for any reason, the customer stops paying their payments. No one wants to continue paying for a car that doesn’t work, so it’s best to ensure your car has some sort of coverage before signing the final paper work .
No matter how reliable your car is, there is a good chance that at some point or another, something will happen to cause it to break down. This is unpredictable, but with a warranty, you don’t have to pay for hefty repair bills. An extended warranty can lessen the costs of the repairs and have you paying a small deductible instead
This is a special process that dealerships provide to offer an added layer of protection to those seeking new or used cars. VIN Etching serves as an anti-theft device in that your vehicle’s VIN is etched into the corner of each of the windows. The etching provides police officers with the ability identify the vehicle as stolen and can provide an insurance discount to those who utilize the service.
GAP Insurance is optional coverage that can cover the leftover costs in case you get into an accident and the vehicle is considered a total loss. Your insurance company may not pay off the entire amount of what you owe on the loan, so the remainder is left under your responsibility.
Car alarms can provide a theft deterrent to those who would consider stealing your vehicle. If you live in an area that has a high rate of crime, a car alarm can alert you in the event someone attempts to steal your car.
Another tool to prevent theft is a tracking device called Lo-Jack. This product is offered by some dealerships and it allows law enforcement officials to track your vehicle for recovery in the event it has been stolen. Lo-Jack boasts a high rate of recovery, but can be expensive.
All in all, if you wish to keep your payments to the dealership lower, you may want to consider forgoing some or most of these dealer add-ons. If you are considering purchasing any dealer add-ons, do your research ahead of time to make sure that it is a sound decision based on your financial situation. You should also know your options when it comes to getting a good deal on any of the items listed above.
When buying a used car, it is recommended to have a warranty or extended warranty in place so that you will only have to pay a small deductible. Auto repairs can be expensive and it is worth it to take care of problems as they arise. If your financial situation is tight, you may not be able to afford repairs on your vehicle, making it a great move to have a warranty in place.