The pre-owned market has taken on the new car market with 2018 boasting

The pre-owned market has taken on the new car market with 2018 boasting

The pre-owned market has taken on the new car market with 2018 boasting 17. 21 million new car purchases and 40.42 million pre-owned. Many consumers look to the pre-owned market due to the depreciation moving at 10% and more decline in value per year. That’s all well and good, but if the pre-owned vehicle is off the manufacturer’s warranty, it is imperative to calculate a warrantee into the financial equation. It does not pay to avoid a warranty, even if it is a minimal one that covers the basics like transmission. It is like taking out health insurance. You pray you never need it, but want to be certain that the one time you really need it, it’s there. Today, pre-owned dealers have a variety of warranties they offer, based on factors on the car. The driver of a Honda CRX versus a Mercedes E class require different solutions in times of need. If you purchased a car from a dealer with an existing manufacturer’s warranty in place and that runs out, you can go back to the dealer, or just go on line. One of the best things about online warranty shopping is that you generally get the lowest prices by avoiding the middleman. Look at a few warranty companies and see if they have what you need and at a price that does not put that pre-owned vehicle into a new car category with your monthly payments. You should consider the cost of the vehicle with the warranty, as your full price for the vehicle. It’s not a joke. The cost of a transmission can range from $1800 -3400 to repair or replace. With shopping around online for a warranty, that could be what it costs for a two to three year warranty on the vehicle. It’s just not worth the chance and certainly not smart to avoid that calculation when considering new versus pre-owned. ShopSmartAutos.com has the largest inventory under one site, with a calculator to consider what that new or pre-owned vehicle will actually cost you.

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