Automotive
Do You Really Need an Extended Auto Warranty?
Auto Warranty – Do you really need an extended vehicle warranty? It’s a question that many car owners grapple with when considering whether or not to purchase additional coverage for their vehicles.
While the decision ultimately depends on various factors, such as the age of your car, your budget, and your personal risk tolerance, it’s worth understanding the benefits and drawbacks of extended warranties.
Once you drive off the dealership lot, you’re responsible for any damage or mechanical repairs that your car might need. During an initial time frame, your vehicle will be covered by a warranty offered by the dealership or the manufacturer.
However, once that warranty ends, you could be on the hook for significant repair bills if a situation arises. As a result, many people are turning to extended warranties like those reviewed at https://extendedautowarranty.com/. But are these extended warranties worth it? Keep reading to determine if you need an extended auto warranty.
The Concept of Extended Auto Warranties
An extended auto warranty, often referred to as a vehicle service contract, provides potentially comprehensive coverage for auto repairs and related expenses after the original factory warranty has expired.
Extended auto warranties can be purchased from car dealers or third-party providers any time before the manufacturer warranty ends, but it’s a better option to buy one sooner to get a competitive rate. Unlike auto insurance for accidents and liability coverage, an extended auto warranty provides coverage for mechanical failures.
While some dealerships offer used car warranties, they’re often not as comprehensive or reliable as a warranty from a provider. Extended warranties usually widen the range of covered repairs and services beyond the scope of the original manufacturer’s warranty. This often includes repair of the engine, drivetrain, transmission, and electrical system components. The cost of this longer-term peace of mind can vary depending on factors like the age, make, model, and condition of your vehicle.
The Need for an Extended Warranty
Manufacturer warranties typically cover a certain duration or mileage, whichever comes first. Once this period elapses, repair costs fall on your shoulders. For those with high-end vehicles or models notorious for expensive components, out-of-pocket repairs can quickly add up to more than an extended warranty’s cost.
Also, if you primarily rely on your vehicle daily and need to ensure it runs smoothly even after the usual wear and tear, an extended warranty can provide peace of mind.
Modern vehicles are complex machines filled with high-tech electronics. A small aspect causing trouble in your vehicle’s engineering could result in sizable repair bills. Although newer vehicles are more reliable than ever, their advanced features, from touchscreens to sensors to alternative propulsion systems, can be costly to repair if a failure occurs. An extended warranty can offset these potential costs in the long run.
Extended warranties can also provide ancillary benefits, such as rental car coverage, towing, and roadside assistance. It becomes a convenient infrastructure for trouble-free car ownership.
You can approach the repair situation confidently because your pocket won’t suffer from surprise repair costs. All of these considerations are worth thinking about as you determine whether an extended auto warranty is right for you.
The Cost of Extended Auto Warranties
The cost of an extended auto warranty can vary depending on various factors, such as the make and model of the vehicle, the age of the vehicle, and the level of coverage desired. The price range for extended auto warranties can be anywhere from a few hundred dollars to several thousand dollars.
One of the main factors that influence the cost of an extended auto warranty is the make and model of the vehicle. Luxury and imported vehicles tend to have higher repair costs and may require specialized parts, which can result in a higher warranty cost. On the other hand, less expensive and domestically manufactured vehicles generally have lower warranty costs.
The age of the vehicle is another important factor to consider when determining the cost of an extended warranty. Older vehicles are more likely to require repairs, so the warranty cost for an older vehicle may be higher compared to a newer one. Some warranty providers may also require a vehicle inspection before offering coverage, which can also affect the cost.
Furthermore, the level of coverage desired plays a significant role in determining the cost of an extended auto warranty. Basic plans cover essential components, such as the engine and transmission, while more comprehensive plans can offer coverage for additional systems, such as electrical components or suspension. The more coverage the warranty includes, the higher the cost.
It’s worth noting that while an extended auto warranty can provide peace of mind and financial protection against unexpected repairs, it’s crucial to research and compare different plans to find the best coverage at the most reasonable cost for your specific needs and monthly budget.
The Fine Print
When considering an extended warranty for your purchases, you’ll want to delve into the fine print to ensure you fully understand the terms and conditions. While an extended warranty can provide peace of mind and protect your investment, it’s only valuable if it actually covers any issues that may arise.
Therefore, taking the time to understand what is covered, what is not, and any deductibles that may apply will help you make an informed decision.
One crucial aspect to consider is whether or not the extended warranty requires you to adhere to the manufacturer’s schedule for maintenance. Some warranties may become void if you fail to properly follow the recommended maintenance guidelines. Therefore, if you prefer to have your own mechanic and maintenance routine, it’s essential to find an extended warranty that allows this flexibility.
You also need to understand the exclusions or limitations within the warranty. For example, certain types of damage or wear and tear may not be covered, or claims may be denied if they’re deemed to be a result of misuse or negligence.
Additionally, oil changes and other regular maintenance items are usually not covered. By carefully examining the fine print, you can have a clear understanding of what scenarios are covered and what are not, enabling you to make an informed decision about whether the extended warranty is worth purchasing for your needs.
Remember to check if the extended warranty provides additional benefits like roadside assistance, car rental reimbursement, and no-claim premiums. Knowing what to expect can save a lot of frustration and potential financial risk when a repair need arises.
Weighing the Choice
Ultimately, the decision to get an extended warranty boils down to your driving habits, dependency on the vehicle, the vehicle’s reliability, and above all, your peace of mind and financial comfort. You have to weigh the costs against risks and consider your ability to cover unexpected repair costs.
While an extended auto warranty is not a necessity for everyone, in some cases, it lends assurance against potential financial hassles brought on by extensive car dependencies.
It becomes a sensible choice, particularly for those who plan to keep their car long-term, for high-end cars or cars with known reliability issues, or for those who want to ensure their budget is intact even if their car breaks down.
If you tend to switch cars every few years, or your vehicle is a proven reliable model with cost-effective repair bills, an extended auto warranty may not be that beneficial.
If you adjust your savings practice and set aside money for potential car repairs, it could similarly save you from unexpected costs without the added expense of an extended warranty.
Overall, the decision to purchase an extended auto warranty comes down to your specific situation and vehicle. However, an extended vehicle warranty can be a valuable investment that provides peace of mind by protecting you from unexpected and costly repairs.
With coverage for major components and additional benefits like roadside assistance, having this warranty ensures you can drive with confidence, knowing you’re protected against the financial strain that comes with unexpected vehicle repairs.
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Automotive
Russell’s early departure leaves Lando Norris on pole at the Hungarian F1 GP.
(CTN News) – Lando Norris and his McLaren squad survived a tough qualifying session for the Hungarian Grand Prix, but they know they must perform on Sunday.
Lando Norris needed to win Budapest after Oscar Piastri locked off the top row in the field’s fastest McLaren. Recent races have been costly owing to wasted opportunities and little mistakes.
He matched Max Verstappen’s pole lap at the Hungaroring, who was unhappy to finish third. In a confident and aggressive approach, the 24-year-old finished more than three tenths ahead of the Dutchman, hitting the apexes.
Piastri followed Lando Norris by two hundredths of a second on the second hot run, demonstrating McLaren’s speed.
McLaren is doing well since Lando Norris won the Miami Grand Prix.
His potential triumphs have been cost by team and driver error, for which both parties have taken responsibility. On Sunday, he and McLaren will know they must do well.
Norris was quietly pleased with his historic first pole in Hungary and third overall. Although confident, McLaren will also be proud of their recent race progress. No one has won the pole in Budapest since Lewis Hamilton won the race and flag in 2012.
Norris and his crew recognize they must capitalize on closing gaps with 12 races left to drive Verstappen to the finish. Lando Norris understands. Behind Verstappen by 84 championship points.
“I know we missed out on some races, but we did the best we could in every one of them, and I don’t want to get back into all that stuff,” he said. I expect Oscar and Max to challenge me in the rear, not a clean weekend.
“Every location and point must be maximized; the more we can do to return to Max and Red Bull, the better.”
Hungary is a great opportunity since Lando Norris Verstappen was plainly unhappy with his car and outperformed. This disappointed him twice because the team had swiftly upgraded this race.
Verstappen had stated that the upgrades will define the second half of the season, but he admitted that he did not think they had gone far enough and could not defeat the McLarens.
“The changes are effective, but we still need more as we are not at the top,” said he. “Despite the imbalance, I liked the laps. I was pushing hard, so you had these little moments. Fast lap times are less crucial today. Simple: we need to work more because we’re moving slower. McLaren’s qualifying performance suggests a lot of ground to cover.
Lando Norris completed his best lap despite two crash-related stoppages.
Verstappen looked great in dry Q3 hot laps. He set a record with a lap time of 1 minute, 15.555 seconds and was quickest through each sector.
Lando Norris followed and pushed through the corners with fearlessness, posting a perfect 1:15.227 lap time. Piastri improved to second place on the penultimate laps while Verstappen did not, and Yuki Tsunoda’s crash halted the session.
A tardy coda didn’t matter when practice resumed because the last two minutes on old tires were worthless. McLaren has all the cards, but they must perform at the highest level to prove the legendary brand can win again.
Carlos Sainz of Ferrari was fourth and Lewis Hamilton of Mercedes fifth. George Russell, Sainz’s teammate, was unexpectedly ousted in the first round.
Sergio Pérez of Red Bull struggled again in the first qualifying round. He hit the curb, lost the rear at turn eight, and crashed, interrupting the session.
Poor performance again for the Mexican, whose Red Bull berth is in risk after a succession of poor performances, especially in qualification. His contract, recently extended to 2025, may have a performance clause, and Red Bull is unlikely to tolerate him underperforming for long. He was sixteen.
Russell fell behind because Lando Norris Mercedes didn’t fuel the car until the session ended. The British driver was eliminated in 17th place after staying out when the track dried after the break.
Charles Leclerc of Ferrari placed sixth, Fernando Alonso and Lance Stroll of Aston Martin placed seventh and eighth, Daniel Ricciardo of RB placed nine, and Tsunoda placed tenth.
Nico Hülkenberg and Kevin Magnussen of Haas finished 11 and 15, Valtteri Bottas of Sauber 12 and Alex Albon and Logan Sargeant of Williams 13 and 14. Esteban Ocon and Pierre Gasly placed ninth and twentieth for Alpine, while Guanyu Zhou placed eighth for Sauber.
SOURCE: GN
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Automotive
M5 Partially Closed as Cullompton-Exeter Crash Hospitalizes Two
(CTN News) – Two people were sent to the hospital for treatment as a result of the M5 tragic vehicle accident that happened in Devon.
The accident between two vehicles was the cause of the disaster. One more consequence of the crash is that it has left the M5 partially blocked to traffic to this day.
Between junction 28 for Cullompton and junction 29 for Exeter, the highway was blocked in both directions; however, one lane on the southbound carriageway has been opened up for previously closed traffic.
In a statement issued by the South Western Ambulance Service NHS Foundation Trust, they stated that they were notified of a traffic accident that had happened in the Exeter district at 2:29 p.m. on Friday, July 12.
M5 happened in Exeter, according to reports.
Furthermore, information was given to them by the South Western Ambulance Service.
To provide medical assistance to those injured, four land ambulances, each with two crews, an air ambulance, a critical care M5 vehicle, a doctor, an operations officer, and a responding officer were dispatched to the scene of the incident.
Furthermore, a critical care vehicle was dispatched. We also dispatched an air ambulance to the scene of the event.
Two patients were transported to their respective hospitals: one was transported by land ambulance to the Royal Devon and Exeter Hospital, while the second patient was flown there by air ambulance.
After being moved, the two patients were sent to hospitals in Devon and Exeter, respectively. Simultaneously, both patients were transferred to their respective sites at the same time.
Here’s what Devon and Somerset M5 Fire and Rescue Service said:
“We responded to the scene of a road traffic collision on the M5 at 2.30 p.m. today, between junctions 28 and 29.” The statement cited above was part of an official declaration.
A car that had been hit by another car coming from the other direction had two persons inside that had been rescued. It had been traveling in the other direction.
We offered support as the people were being taken out of the car. These people are now receiving medical assistance from the ambulance service in order to fulfill their duties.
The event caused significant delays for the M5 and the routes that pass through Exeter during the period when traffic was being redirected. In order to accommodate the traffic, this was being done.
A southbound vehicle experienced wheel failure, causing it to cross the center reserve and merge with the northbound road approaching. The car was going the wrong way, which is why this happened. The vehicle was traveling southward at that precise moment.
National Highways indicated that based on the facts they have provided, it is expected that the police would begin their investigation into the occurrence given the magnitude of the calamity that occurred. The entity that made this information public was National Highways.
The Devon and Cornwall Police Department issued the following statement:
“We know the M5 closure is causing traffic.”
The statement that was released is located beneath you. “We will get people moving safely when we can but please bear with us while we deal with the incident and causalities at the scene.”
In order to accommodate cars and other small vehicles that were traveling on the now-closed northern route towards M5 Taunton and Bristol, the back of the line has been shifted.
This was done to create space for these cars, which were heading towards Taunton and Bristol. The purpose of this activity was to provide space for larger cars. At this point, it seems like more and more vehicles are being stopped from going forward.
Due to this incident, a second lane has been opened up for use by any and all vehicles traveling southward.
SOURCE: ITV
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Honda to Cease Production at One of its Thailand Auto Factories
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Automotive
Honda to Cease Production at One of its Thailand Auto Factories
(CTN News) – The Japanese vehicle firm Honda Motor made the news in a statement that was posted on Tuesday. The statement stated that the company intends to center its production at the site that it operates in the province of Prachinburi.
As a consequence of this, the production of automobiles will be halted at the facility that it operates in the province of Ayutthaya in Thailand by the year 2025.
The more difficult circumstances that the second-largest car manufacturer in Japan is facing in the country of Thailand, which is located in Eastern Southeast Asia, are exemplified by this move. Thailand is located in Southeast Asia.
There are several reasons for this, including the fact that Chinese firms are determined to grow their market share in Thailand, and a growing number of consumers are expressing an interest in electric vehicles (EVs). They both play a role in contributing to the problem.
The combined output of automobiles produced by Honda’s two facilities has fallen throughout the course of the succeeding four years, going from 228,000 vehicles in 2019 to less than 150,000 vehicles annually. This downward trend has occurred during the course of the past four years.
The preceding four years have been the time period during which this decline has taken place. With regard to the sales that the company has made in Thailand throughout the course of the past four years, there has been a consistent range of less than 100,000 to less than 100,000 for the entirety of this time period.
This is according to Honda’s spokeswoman.
When the factory first opened its doors in 1996, the company anticipates that it would continue to manufacture vehicle components at that location. When the firm finishes manufacturing vehicles at the Ayutthaya facility in the next year, the spokesperson stated that the company intends to continue producing automobile components at the plant.
In accordance with the statement that was given by the spokesman, the Prachinburi factory, which was built in 2016, will be utilized for the purpose of integrating the facilities with which automobiles are created. This was said in the statement. There are only two factories in Thailand that are owned and operated by the vehicle manufacturer, and these two factories are the only ones in the country.
According to the statement made by a spokeswoman for Honda in Thailand, the company’s goal is to reduce the disparity between the number of automobiles it produces and the number of sales it has experienced in the nation.
According to the remark that was made by the spokesman for the company, the automobile manufacturer are already exporting their products from Thailand, particularly to other Southeast Asian countries such as Indonesia and the Philippines. According to a statement that was sent by a spokeswoman for the company.
Currently, Honda has no plans to invest in Thailand.
When it comes to mainland China, Honda and Nissan Motor, a Japanese automobile manufacturer that competes with Honda, have been hit particularly hard by competition from rising Chinese manufacturers.
Nissan Motor is a competitor of Honda. As a result of the fact that these businesses provide reasonably priced plug-in hybrids and electric vehicles that are loaded with software, a significant number of customers have been drawn to them.
Now, Japanese automobile manufacturers are at risk of losing clients in countries outside of China, such as those in Southeast Asia, to Chinese companies that are increasingly attempting to increase the quantity of automobiles they export and build up operations outside of China.
As a result, Honda Japanese automobile manufacturers are facing a potential loss of customers. They are exposed to this danger as a result of the fact that Japanese brands compete with Chinese brands in these locations.
BYD, a Chinese manufacturer of electric vehicles, recently launched a plant in Thailand that will be responsible for the production of automobiles that are powered by electronic batteries.
This plant was established last week. The Chinese electric car manufacturers are beginning to establish facilities in the country, and this factory is a component of the wave of investments that they are making in the country. These investments have a total value that is greater than 1.44 billion dollars together.
SOURCE |SCMP
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