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DISCLOSURES

Some lawyers stay up at night trying to ruin free society and create new rules. Therefore, here are the disclosures I must have that you probably won't read.

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)

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DISCLOSURES

DISCLOSURES

Some lawyers stay up at night trying to ruin free society and create new rules. Therefore, here are the disclosures I must have that you probably won't read.

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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.

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Shalom: Live Long and Prosper!
Darrell Wolfe (DG Wolfe) Storyteller | Writer | Thinker | Consultant @ DarrellWolfe.com


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So I have a confession... I have a strange hobby. Some people collect toys, cars, stamps. Some people visit museums, zoos, arboretums.



I... collect church experiences. I visit churches and collect insights on the differences between them, leadership styles, music styles, facility choices, and the overall experience. I collect pastoral teaching and teaching styles. I collect theology and theological differences.
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Some of that is true. But really, I somewhat accidentally turned studying church into a hobby. Maybe it's because I was a pastor's kid and saw some of the inside workings from a unique perspective. Maybe it's because I secretly, and not so secretly, feel I am supposed to be a pastor but I'm still trying desperately to be anything else.

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At the Heart Writers group meeting tonight, led by Lauren Stinton, we did a short writing prompt.

You have seven minutes to write (fiction or nonfiction) and it must include these three items/themes:

Jesus is Lord of allPrincessCat
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*** Room and Bored The light amplified through the double glass window pane, despite the clawed dusty drapes, warming Princess' furry belly. She was Queen of this castle and she held the honor with dignity.

Her human was a good servant. He brought her food at the appointed time. He changed her box. He performed his part admirably.

Then her life shattered.

Her human walked in the front door and laid a box on the table. "Princess, I have a surprise for you, " He said.

She rolled off the couch back and sauntered over. The pawed the box. It moved. She jumped back, "Moew," she cried.

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Job Research: Regional Maps

http://bibleatlas.org/teman.htm

TEMAN


te'-man (teman, "on the right," i.e. "south"; Thaiman): The name of a district and town in the land of Edom, named after Teman the grandson of Esau, the son of his firstborn, Eliphaz (Genesis 36:11 1 Chronicles 1:36). A duke Teman is named among the chiefs or clans of Edom (Genesis 36:42 1 Chronicles 1:53). He does not however appear first, in the place of the firstborn. Husham of the land of the Temanites was one of the ancient kings of Edom (Genesis 36:34 1 Chronicles 1:45). From Obad 1:9 we gather that Teman was in the land of Esau (Edom). In Amos 1:12 it is named along with Bozrah, the capital of Edom. In Ezekiel 25:13 desolation is denounced upon Edom: "From Teman even unto Dedan shall they fall by the sword." Dedan being in the South, Teman must be sought in the North Eusebius, Onomasticon knows a district in the Gebalene region called Theman, and also a town with the same name, occupied by a Roman garrison, 1…

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I have to laugh because "religion" is the dead following of dead traditions. The difference between my two-way relationship with a real living person (Jesus) and a religious person is the difference between a Tree and a Motorcycle. They have nothing to do with one-another.

Yet, I can see how they get it. Religious people would read this passage and see something totally different than I see, yet we read the same passage.
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