Extended Warranties for Cars Are ‘Fraught With Peril for Consumers’ “While reputable options exist, the robocalls are almost certainly scams, an industry group warns. And for consumers who feel they have been ripped off, there is no guarantee anyone will help” writes Christopher Jensen for The New York Times. “vehicle service contracts — are “fraught…
Category: auto
Wondering Why your New Car Insurance is So Expensive?
“New cars loaded with high-tech crash-prevention gear are having a perverse effect on car-insurance costs: They are soaring.” “Safety features such as autonomous braking and systems to prevent drivers from drifting out of their lanes are increasingly available on vehicles rolling off assembly lines. Auto companies and third-party researchers say these features help prevent crashes and…
What to do BEFORE you get hit by an uninsured motorist
My assistant blogger had the unfortunate experience of being hit by an uninsured motorist. Learn from her experience. It’s not unusual to get in a fender bender in the winter, and most motorists know what to do if this happens. Exchange insurance information, document it, etc. But, what happens if you’re hit by an uninsured…
FINANCING AN AUTOMOBILE
Taking out a loan to purchase an automobile can be a significant part of consumers’ financial lives. And it is a complicated process. The decision to obtain auto financing includes many factors, including the source of financing, features of the loan, and issues related to down payment, trade-in, and add-ons. To help consumers navigate this…