Car Dealers Can Suck You Dry With All The Extras
Below is a MRR and PLR article in category Vehicles -> subcategory Trucks-SUVS.
How Car Dealers Add Hidden Costs With Extras
Summary
Purchasing a car doesn’t end with just agreeing on a price. Many buyers find themselves paying an additional $1,000 to $4,000 or facing extra monthly payments of $100 to $200 due to post-sale add-ons and warranties.The Hidden Costs of Car Extras
Once you've happily closed the deal on a car, the real test begins. Dealers often introduce extras like rust proofing or fabric protection that might seem necessary but can lead to unexpected costs. It’s astonishing how frequently buyers fall for this trap, thinking it won’t happen to them again, only to be caught off guard every few years.The Challenge with Extended Warranties
Extended warranties are particularly deceptive because of the confusing language used. Unlike factory warranties, these cover potential repairs but often come with limitations on mileage or specific issues they cover. If you’re considering an extended warranty, it’s crucial to understand its terms thoroughly. It may not cover significant engine or powertrain problems, focusing instead on minor repairs.For those leasing a car for a short duration, like 36 months, extended warranties may be unnecessary. They are typically more beneficial for longer leases.
Choosing the Right Warranty
Many extended warranties don’t cover regular wear and tear, only mechanical breakdowns. If you opt for one, ensure it offers comprehensive coverage. Prioritize warranties for reliable brands like Lexus, Honda, or Toyota. Ensure the warranty is activated immediately and backed by a reputable finance company, avoiding any risk of the provider going bankrupt.Avoid purchasing warranties directly from dealers. Online platforms, such as LendingTree, offer the opportunity to compare options at your convenience. Be vigilant about deductibles to avoid unexpected out-of-pocket costs.
Typical Extras Dealers Push
Dealers often introduce additional options during closing, which, although seemingly small, can significantly increase the cost:- Rust Proofing: Your price $800 vs. Dealer’s cost $40
- Extended Warranty: Your price $1200 vs. Dealer’s cost $300
- Fabric Protection: Your price $300 vs. Dealer’s cost $5
- Car Alarm: Your price $400 vs. Dealer’s cost $100
- Paint Sealant: Your price $300 vs. Dealer’s cost $10
- Credit/Insurance Costs: Your price $200 vs. Dealer’s cost $30
- Detailing/Pin Striping: Your price $299 vs. Dealer’s cost $30
- Total of Extras: Your price $3499 vs. Dealer’s cost $515
As shown, these extras can result in steep expenses without equivalent value to the buyer.
Conclusion
Understanding and standing firm on your actual needs is vital. Try to sidestep unnecessary add-ons and remember that these extras benefit the dealer much more than they do you. Be informed and steadfast to avoid getting caught in the cycle of hidden costs.You can find the original non-AI version of this article here: Car Dealers Can Suck You Dry With All The Extras.
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