Jun
28
New Car Warranty Rating
Filed Under Car Warranties
It is better to buy a car from the dealer?
Having crappy cars per school and college who have never been reliable, I decided to buy a "new" car in October 2004. I bought a Honda Civic 2003 with 23k miles on it. I bought at a Honda dealer as a certified used vehicle and I also paid an additional $ 700 to get the manufacturer's warranty fully extended to 100k miles. I did not really intend to keep the car long, but the warranty is transferable. Anyway Regardless, I got a pretty decent rate of interest and I do not think I paid too much more at the dealership. But I just watched the amount I pay in car payments for 13 months and paying down and seeing what I could sell the car yet and it is all plain depressing. buying cars at dealerships simply not good? idea or if you are really risk adverse worthwhile to pay the premium? I guess I should just be as I paid the premium … Anyway, any suggestions on the best way to buy cars?
As the previous answer stated, you have chosen a good used car. Honda and Toyota can last many years without problems. Not to mention The Civic is an icon that other automakers are trying to copy over the years. For your first question whether it is a good idea to buy a new car at the dealership. If it's new, dealer is your only choice if you do not take delivery of the factory as BMW or Mercedes Benz that you go Germany to take your car and transport it back to the United States whenever buying a new car, do research and take time around the holidays when incentives are offered. Never buy the first model year for two reasons: 1) You'll never find a better deal on them and 2) you never know what could go wrong with them because they are new on the market. It looked like you finance your car through the dealer when you have the Civic. Terms fincial dealers are generally much higher than credit unions and other sources of funding. There are other loans online, you can get better rates, such as those announced on eloan.com or edmunds.com. Some people find haggling is annoying but I found it amusing. Just keep in mind that dealers make more money on cars brand new. There more room for negotiation on the cars brand new. Before you buy, use to check Edmunds.com fair market price on the mark Bluebook new car and to check the fair market value on used cars. As far as the security exteneded is concerned, is where dealers make real money. For Japanese brands, you can forget to buy an extended warranty because they rarely breakdown. For America cars, it depends on how long you want to keep the car. If you plan to keep the car for a long period, you may consider extending warranty, otherwise you might as well forget it.