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Did the Finance manager act dishonestly regarding an extended warranty?

Shawn Ryder

One of the most contentious areas within this realm is the extended warranty services that dealerships often promote. Recently, allegations have surfaced suggesting that a finance manager in a prominent dealership may have acted dishonestly concerning these warranties.

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Service plans offered by dealers are key to customer satisfaction

Motor Trader

Dealers who offer service plans, cosmetic repair insurance and extended warranties are achieving higher levels of customer satisfaction, according to findings from JudgeService surveys which reached over 436,100 customers. Other popular upsells were finance with a 13% increase to 82% and paint protection, up 13% to 82%.

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What Are the Hidden Fees When Buying a Car in Virginia?

Carcloud Auto Group

Dealer Add-Ons : Some dealerships may push unnecessary add-ons like extended warranties or paint protection. Financing Costs : If youre financing your car, be mindful of interest rates and loan terms.

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Guide to the Common Dealership Terms When Buying A Car

Car Examer

APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage. Deposit Contribution A deposit contribution is essentially a discount offered by the dealership or manufacturer when you finance through their specific program. It’s often called the balloon payment.

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Do end-of-year sales really mean good deals?

Shawn Ryder

As dealerships aim to clear their lots of older inventory, they often offer substantial markdowns, trade-in incentives, and financing deals to attract buyers. Financing Offers: Attractive financing terms, like 0% APR or deferred payment options. Are you financing or paying cash?

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Rivian Gets Into The Used EV Game With Pre-Owned Program

Carscoops

These pre-owned vehicles can be purchased outright, and financing is also available. Speaking with Auto News , Rivian said it’s not selling extended warranties on its pre-owned models, but according to Edmunds senior analyst Ivan Drury, extended warranties may be offered at a later date as they can be very profitable for a brand.

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Should I buy an extended warranty on a used car?

Shabana Motors

An extended warranty ensures you are prepared should the unexpected happen. Owning a used car can be unpredictable, and unexpected repairs can be costly.