When buying a vehicle, many customers don’t necessarily consider the importance and value of an extended warranty. Fortunately, it’s simpler than it sounds and might be more of a no-brainer than you think.
Every new car comes with a factory warranty, and even used cars may have their factory warranty intact at the time of purchase. However, you’ll likely be asked if you’d like to purchase an extended warranty before grabbing the keys to your shiny new vehicle. Though these can differ by dealership, many extended warranties are also fulfilled by the manufacturer of the vehicle. As with all purchases, reading the fine print is recommended so you know exactly what you’re getting.
Many critics have made mathematical arguments both for and against buying car warranties. But the truth of the matter is, a warranty can save you more than just money.
Let’s face it, no one plans on their vehicle breaking down. Even if you’re a perfect driver, you could be faced with serious issues with your vehicle that you weren’t even aware could happen. These are stressful situations, and you don’t want to be thinking about the money you have to spend on top of everything else.
With a warranty, you get that peace of mind. The stress and uncertainty that can come from vehicle problems usually isn’t worth the amount of money you could save otherwise. And in these cases, it’s at least just as likely that you’d be losing more money without a warranty anyway.
Some have argued that you could save the money you’d spend on a warranty and use that to cover repairs instead. This could technically be true, but again, it assumes that your cost of repairs will be lower than what you paid on the warranty until that point. It’s also extra hassle on your end. It’s hard enough to manage bills and day-to-day spending, and the last thing you need is an essential repair that you forgot to keep saving for.
Another reason why buying a warranty is a great idea is the complexity of modern vehicles. Software is ingrained in nearly every part of a modern vehicle, and when something goes wrong, the expenses aren’t in the hundreds of dollars, they’re in the thousands (or more). The same technology that makes vehicles amazing to drive can make things significantly more financially burdensome when something goes wrong.
A final point to consider is that a warranty can add value to your vehicle if you wind up selling it early. You do have to make sure the warranty is transferable in these cases, but if it is, your vehicle will have an edge over other similar cars on the market. Alternatively, a transferable warranty means any children or relatives who inherit your vehicle can also reap the benefits of it for the remainder of the contract. In other words, you could be saving them money down the line as well.
Though some will debate whether a warranty is likely to save you money in the long run, a warranty is more than what you pay for. It’s peace of mind that your car will be taken care of in the future, regardless of the money in your bank account or the stress you’re otherwise dealing with in life. If that sounds worthwhile to you, then consider getting a warranty with your vehicle.
Car salespeople get a bad rap. The only profession who is treated as badly as automotive salespeople is congress, but they actually deserve it. Too many people assume that all automotive salespeople are like the sleazy ones you see in movies: fast-talking hustlers trying to talk you out of your money.
But this assumption is unfair. In reality, the majority of salespeople are hardworking professionals trying to provide for their families, and should be treated better than they are. But in case you need a better reason to be nicer to car salespeople, here are five:
1. They are your friends, family, and neighbors
The number of car salespeople in the country is estimated to be over half a million, which doesn’t include the sales managers, and sales support teams involved in the process.
This isn’t some small niche profession. Car salespeople live and work alongside everyone else, and there’s a great chance that you have one as a neighbor, friend or relative. Treat them accordingly.
2. They’re very stressed out
Sales is a stressful profession, and car sales is one of the more stressful sales jobs out there. Long hours, a high volume of customers, intense competition among dealerships, and pressure to earn a living make car salespeople a stressed out bunch. Being nice to an overworked salesperson will probably make their day.
3. You’ll get a better deal
You catch a lot more flies with honey than you do with vinegar, but lots of people seem to forget that when shopping for a vehicle. Treating someone politely and with respect can go far when you’re trying to get a better deal, and it will absolutely serve you better than being rude or hard-nosed. Humans are naturally inclined to help those who are nice to us, so don’t forget that when working with an automotive sales professional.
4. If you don’t buy, they’re working for free
Unlike other professions, salespeople oftentimes only get paid if they close a deal. So that salesperson who is spending time answering your questions and potentially dealing with abuse is probably doing it for free. That’s not to say you should feel obligated to buy anything, just that you should treat auto salespeople with respect since their time is costing them money.
5. Their goal is to make you happy
There has been a marked shift in automotive sales in the last decade or so. High-pressure sales tactics have been replaced by a more consultative sales model, and since pricing has been made comparable across dealers due to the internet, salespeople understand that they need to earn your business through superior customer service. This means that the salesperson sitting across from you understands that their goal is to make you happy, so let them.