Skip to main content

Post Topics

Show more

Car Buying | The secrets of Service Warranties & Manufacturer Warranties


Spanish Coches Vintage Dealership

Paying for Repairs & Maintenance


The problem with owning and buying cars (also applies to houses, appliances, etc)... is that they break down. Whether the car is new or used, there will be repairs eventually. Even paying for maintenance (tires, oil changes, timing belts, water pumps, etc.) can be costly.

So how are you paying for all of those repairs?

The Best Option: Cash


In a perfect world you would be that you have a significant savings, and you pay cash for all of these things. It's not as hard as it sounds. Just don't act like the costs above are a surprise. They WILL come up, just plan on that now.

Start making payments of any amount toward those costs now, into a savings account labeled "Car Fund". Whether you pay $5, $25, or $100 per month into the Car Fund, you will be prepared for most repairs before they come up.

Repair Insurance: Service Warranties


What many people realize is that they have failed to save in the past (for whatever reason) and may fail to do so in the future. These people opt to pre-pay for potential repairs. The primary difference between "Insurance" and "Warranty" is that Insurance is typically paid for monthly, and a warranty is a one time purchase of a specific amount of money, for a specific amount of potential reward.

As with any insurance company the corporation you purchase the warranty from is betting you wont' need it or use it. You will pay $X dollars betting they will pay $X+, they are betting they will pay $X-.

Cost


The average cost of a Service Warranty purchased as an Aftermarket Product from an auto dealership will be between $1,500 - $3,000. They are hoping that the total cost of any repairs they pay for you will not be more than that.

You should check to see what the lifetime payout cap is, if you buy a Service Warranty for $3,000, but the company will only pay $4,000 over the life of the warranty, you did not benefit from the purchase.

Exclusions


There are many exclusions often included with a warranty.

Most are "Powertrain" only. The Powertrain is your Engine and Transmission (internal components only). That means something inside the device has to break before you are covered. Items attached (alternator, air conditioner) do not count, and are not covered.

You could get Bumper to Bumper, but even then you need to read the list of items covered. They may cover the break calipers in case of breakage, but not brake pads or rotors.

No two warranties are the same, read, read, read, read them before you buy. Do not be surprised when you pay for $3,000 Service Warranty and then have a repair cost is does not cover (which is common).

Other Products



  • Manufacturer Warranties

A Manufacturer Warranty typically covers most major components for the first number of miles and years. One of the best I've ever seen was Hyundai, who claimed a 100,000 miles/ 10 year warranty. But Last I heard it was non-transferable. That means, if you  buy the car used at 5 years, you don't get the other five. You have to be the original new owner to use their warranty. Other's are transferable, so do your research.


  • Tire and Wheel

This essentially covers tire rotations, tires replacements, and even wheel replacements for a number of years, miles, or both. This can be a good coverage, but Discount Tires offers an equal protection for far less on their new tires.


  • Windshield Repair

This replaces your windshield if you have damage. Honestly, this is kind of a waste of money. If you have full coverage insurance, which I do even on my $2,000 cash cars, windshield replacement is usually built in. When it's not, it's available as a rider for cheap. Just get this through your insurance company.


  • Care Programs

This one is interesting. Think "Oil Changes", but it can encompass more. Imagine you could just pre-buy all your oil changes for five years. That's a weight off the shoulders of people living from day to day, with little savings.

Additional Costs


With any of these additional programs you purchase, you are adding a balance to your loan (assuming you are financing the car). ANY balance you add, will cost you interest on that balance over time. So you are not just paying $3,000 for a service warranty, or $800 for Care Program, you are paying interest on that over five years (or your term) also.

Therefore, as I said in the start, it's better that you run the Dave Ramsey plan and pay cash. Save for expenses. See my STORE for suggestions on books from Dave Ramsey.




The Insider

The Insider is a BIG fan of Dave Ramsey:

  • Go read/listen/watch Dave Ramsey and he'll teach you how to do it right!
  • Listen to The Dave Ramsey Show (HERE)

Comments

Darrell's Reading List


Here are some books I've been reading lately:
  • Hacker: The Outlaw Chronicles (here) by Ted Dekker (Author). The story of a young Hacker girl, who went on a wild adventure into the supernatural realm beyond trying to save her mom, but saved her self too in the process.
  • Saint: A Paradise Novel (here) by Ted Dekker (Author). He's an assassin, or is he? He finds a secret to his past that unlocks supernatural abilities, at a cost.
  • For a full list of all my book suggestions, see my Amazon Store.

Popular posts from this blog

New Post at Wolfe for Office

I wrote a new post: I am a Conservative-Liberal | Republicans and Democrats are actually the same party, here's why I'm a #ChristianLibertarian







Darrell G. Wolfe

Story Teller | INFJ | Futuristic | Intellection | Learner | Ideation | Achiever | Command | Input | Focus | Multipotentialite

Logos, JPG's and More

The best Subheader EVER!
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque elementum at nibh vel placerat. Curabitur id efficitur dolor. Cras ac nulla elementum, laoreet erat ultrices, hendrerit magna. Duis vestibulum vulputate arcu accumsan consequat. Praesent ornare porta tellus, mollis ultrices ante euismod ut. Cras at augue ac est lacinia laoreet. Cras posuere auctor magna ac auctor. Suspendisse rutrum odio non placerat dictum. 
The best Minor Header EVER! Maecenas mattis ornare urna. In hendrerit lacus ac porta molestie. Etiam hendrerit sem et ante egestas, et imperdiet magna efficitur. Maecenas auctor orci lacus, eu porttitor tortor dictum sit amet. Nam rutrum malesuada dolor in fringilla. Aenean volutpat nunc quis libero dictum dapibus. Vivamus tristique eros eget velit malesuada rhoncus sed auctor tellus.

Quisque ac nibh leo. Vivamus quis arcu vitae nibh feugiat auctor a sit amet velit. Maecenas posuere tempor vehicula. Suspendisse tincidunt nunc a bibendum …

404 Error Page

You got a 404 Error? Can't find the page you were looking for?


I'm sorry about that. 


You can search this site for the right page, or email Me@DarrellWolfe.com and tell me what you were trying to find.


Click Start Here if you're new here, or The Hub for a list of all my sites.



Or just watch this cat in slow motion by The Slow Mo Guys (just for fun) as my gift to you for finding this secret page, thanks for stopping by!










Oh by the way... would you like a Hippopotas for Christmas? I do!








Thanks for stopping by!

Darrell

First Draft First Novel... Done! On to Edits...

So... I completed the first draft of my short novel White Noise - The Tower (Episode 1). 
You can read it (warts and all) below. I'm going to go back through and start editing (I already have). But it's mostly done now. I've also roughed out a book cover (we'll see if I stick with this direction).

Of course, I'm taking a big risk by calling it "Episode 1"... that means I have to write Episode 2, 3, & 4 at least. (That's where I have the story sketched out to at this point.

I hope you enjoy!

(Click here to read online) OR, email Me@DarrellWolfe.com and I'll put you on a list to be a beta reader when the final edits are done. 

Comment on this post or the Author Fun post about the Book Cover. Any feedback will be taken into consideration.


First round of critiques for Distortion Scene 1 "Street Noise"

One of the scariest things for most authors (especially fiction authors) to do is open their work to the blatant critique of others. The author got to know their work so well, they know the backstory (that never made it onto the page), etc.


This very intimacy makes them blind to the things the reader sees immediately.

As Ernest Hemingway famously said, “The first draft of anything is *crap.”
I put out the 1st scene of Distortion, "Street Noise", for a writers critique. It was quite illuminating. I chose not to take it personally but learn from each point. Some things I agreed with, some I didn't. Some were clear craft mistakes while others were stylistic choices I could take or leave.

I have a feeling that my re-write will be so much better due to this experience. I also found a critique buddy (Hey Ashleigh!) who I can work with as I go through re-writes.

Distortion Scene 1 "Street Noise" can be read in its current form (as of today) in the second draft on my It…

Vote @GovGaryJohnson for President in November 2016

Gary Johnson #Libertarian For President #LiveFree | #MakeAmericaSaneAgain
After much thought, review, and internal debate this past 12 months. I have taken a stand. I endorse Gary Johnson, Libertarian, for President of the United States of America. I will be voting Libertarian at every level (President, Senator, Mayor, School Board... etc) in November 2016.

I ask you to support a common sense approach, and to run from the Tyranny of Donald Trump AND Hillary Clinton (and their parties).

When men and women are free from government and corporate interference, they are the happiest and more prosperous people.

You and I may have honest intellectual disagreements on the moral quality of one choice or another, and we can debate and discuss those choices openly and freely in a free society.

However, as long as you are not harming my person or property, and I am not harming your person or property, we should not attempt to control each other through government force. We should each be free to…

I left the #GOP forever and it has nothing to do with Donald Trump.

#Election2016 Clarification:
I heard another talk radio guy (Grant Stinchfield) jump on the Trump Train this morning... another person claiming to be a conservative who is so blinded by his hate for Hillary Clinton, he cannot see that the devil he chose is worse than the one he rejects.

Hillary and Obama combined couldn't harm this country as bad as Trump could. That's what worries me most about this coming election. But here's the thing Grant doesn't get. He thinks I'm voting for Gary Johnson because of Trump.

I left the #GOP forever and it has nothing to do with Donald Trump.  Read on (HERE) to find out why...

Darrell

An Open Letter: John Stumpf, Wells Fargo Board, and Policy Making Departments

On 12/28/13, I wrote the following letter to the then CEO & President of Wells Fargo, John Stumpf. It was in part, a response to the LA Times Article and the poor response from Wells Fargo leadership.

I later worked for the executive office and saw how they handle these letters. They assign them to a paper-pusher who could care less. They draft a form response, and it gets tallied in the statistics.

By the time it makes it to the CEO, it's only data in a pie chart. "We had 365 complaints this month. x number of complaints about checking, y number about sales practices, Etc." They tally it up, if it's not a big enough stat, it gets zero attention. Most things that do require attention get just enough to make it go away, but never deal with the root.

I was one of many hundreds who spoke up loudly and actively for years before 2013 and years after. The news cycle of 2016 showed that it cost them $185 Million dollars to ignore the feedback their frontline Team Membe…

Hello.... Welcome

I'm setting up this site to be a single HUB for all of my various creations. I'd rather not hand out a different business card to each person, as the topic of interest changes and I happen to have written about it.

Since I'm a Multipontialite, I figured it fits to have a single hub. If it works for Seth Godin, it works for me!

Thanks for stopping by, Darrell

I want a Hippopotas for Christmas!!!! http://buff.ly/1PhijYQ #Pokemon #Fan

I want a Hippopotas for Christmas!!!!  #Pokemon #Fan
OK... so several years ago I decided that the song "I want a Hippopotamus for Christmas" was my favorite Christmas song.

Then, after learning about Hippos, I decided they were one of my favorite animals.

This morning, I found a Hippo Pokemon set to the Christmas song... and I just HAD to share!




Darrell












Archive

Show more

Other sites I follow: