Need to squeeze extra value from your car’s warranty? Check out our helpful top ten ways to get more for your money!

Every new car comes with a warranty from the car’s manufacturer. In addition, After-market extended warranties are readily available for almost any vehicle, both before and after the manufacturer’s warranty expires. Unfortunately, most people don’t use their car’s warranty to its fullest. 

While its primary purpose is to help minimize the expense of parts replacement and repairs if something breaks, there are other ways to get value out of your car’s warranty. 

Lower Insurance Premiums

New cars tend to be more expensive to insure, but the cost of repairs and the increased risk of something breaking down can deter people from keeping their cars for their full lifespan or buying used vehicles that may be less expensive. 

An extended warranty can reduce the amount paid out-of-pocket to repair major failures, making it more practical for people to drive older cars for longer. 

Increase Your Car’s Resale Value

Similar to why people will drive cars longer if an extended warranty covers them, people are also willing to pay more for a vehicle under warranty, whether it’s the manufacturer’s warranty or an extended warranty. If you’re considering an extended warranty, make sure to look for one that’s transferable in case you decide to sell the car. 

Peace of Mind

While this isn’t a traditional definition of value, knowing you are protected by your car’s warranty can offer peace of mind and reduce the stress and worry about how you’ll pay for expensive repairs if something breaks. 

Additionally, though it doesn’t directly impact vehicle-related expenses, stress can be detrimental to your health, and reducing your stress can reduce the incidence of health problems and associated medical expenses in the future. 

Understand What’s Covered to Pay Less For Repairs

While a sudden failure of an engine component due to a defective part is usually expected to be covered by a warranty, some warranties offer expanded coverage that includes unusual parts. Understanding what your specific warranty covers can help you pay less for repairs that fall under your plan.

Know What’s Required to Keep a Car’s Warranty in Effect

While some warranties are in effect as long as there were no intentional acts to cause damage, a few come with a list of requirements to be able to utilize your warranty when you need to. These are typically things like basic maintenance to reduce excessive wear and tear.

Consider Optional Collision Coverage

While most warranties cover defects in manufacturing, materials, and workmanship, some extended warranties include optional collision coverage. In addition to the standard coverage for defects, collision coverage can help cover the cost of any repairs in the case of an accident. 

While this option is typically an additional cost, it can provide incredible value and peace of mind if something happens.

High-Quality Service Networks

Many warranties have a preferred service network of trusted, reliable mechanics and shops to help you find someone to take care of repairs. This can save you the hassle of finding a reputable shop and often comes with a guarantee that they will do the work correctly. Not to mention save you money in the long run.

Avoid Warranty Lapses 

If your manufacturer’s warranty is about to expire, it may be a good idea to consider purchasing an extended car’s warranty. 

Generally, cars with warranties that are about to expire are newer, and extended warranties tend to be less expensive than those for older cars because there’s less risk of catastrophic parts failure. They’re also typically available for longer warranty terms, offering lower-priced coverage for more of the car’s useful lifespan.

Consider Your Needs

To get the most value out of your car’s warranty, you should know what kind of warranty protection you need. There are many options out there, and you may not need the level of coverage offered by all of them. However, if you know what you need, you can be sure to select a warranty that doesn’t have too many features you won’t use.

Compare Warranty Options

Whether you’re purchasing a new vehicle and looking at add-on options or looking for an extended warranty to replace an expiring manufacturer’s warranty, you want to compare options from different providers. Of course, you want to be sure to choose a reputable company, but other than that, comparing levels of coverage and their relative prices is a good way to ensure you’re getting a good value. 

There are several extended warranties on the market, and it can take some time to sort through them all. The time and effort are worth it though, and having the right extended warranty for you can make a huge difference if something breaks. 

This article will help you to determine the business growth strategies to suit your company. Starting a business, despite the complexities of doing so, is simple in comparison to the task of maintaining the success of your company. How you choose to spend your time and money is vital in ensuring that your business not only survives but thrives. 

This article will highlight some of the online marketing strategies you can implement to aid with company growth. 

You Need to Know Your Demographic

The first business growth strategy vital in ensuring company growth is knowing your demographic. Your user base is the difference between failure and success. So, if not properly targeted, your business could struggle to last. 

Once you have identified your demographic, you should conduct extensive research and determine the needs of your potential customers that you can capitalize on. It is not enough to be generic. You should be specific and understand what your demographic is searching for before proceeding with any other business growth strategies. 

Conduct Research

Similar to the advised research regarding your demographic, knowing the current state of the industry your company belongs to is a vital business strategy and integral to company growth. Furthermore, conducting proper research will assist you in putting your business goals into perspective and realizing whether those goals are feasible and necessary. By doing this, you will find that your strategy merely needs an alteration for optimization or that it will be purposeless and would be better discarded. 

Distributing new and existing customer surveys will improve your knowledge and generate ideas that will adhere to their needs. Alternatively, a study of previously completed data will decrease the time you spend conducting contextual research: it will provide an understanding of the strategies that have proven effective before and how the businesses that implemented them have benefitted from them. 

Something important to consider, however, is that older studies may no longer reflect the needs of new customers and may be completely irrelevant. 

Don’t Be Afraid of Mergers and Partnerships 

Partnerships can provide new perspectives and a catalogue of business growth strategies that can drastically improve the efficiency of your company. Multiple business owners generate higher knowledge, expertise, and resources to reach more potential customers. Access to a partner’s skills and resources can greatly expand the individual capabilities of your company and allow for debate that will develop a better outcome. 

Additionally, visible collaboration with partners can increase company growth and credibility and promote any “small business” to a verifiable company. If there are also mergers or partnerships that will lead to smarter business investments, then it will also be more profitable for you!

Implement Online Marketing Strategies 

Online marketing strategies are important in ensuring the growth of your business. The internet holds an array of potential customers your company will benefit from communicating with. There is plenty of choice of online marketing strategies you could implement and use in cohesion to achieve optimal results: 

• Web design

Your website is the first visual representation of your business that potential customers will see, so it is vital that it leaves a positive impression. If your webpage is incoherent and outdated, it will likely be perceived as a scam website. Inherently, customer confidence in your products will decrease, and session duration will shorten dramatically.

Studies report that up to 42% of surveyed customers reported feeling less likely to purchase a product from a poorly designed website. Therefore, a well-designed website is an integral business growth strategy that can not be overlooked. 

• Utilise SEO

Search Engine Optimisation is an online marketing strategy that allows research into search volume trends and eventual optimisation of your web pages. Optimisation raises the rankings of your webpages and increases the likelihood of your website appearing on page one once the trending keyword is searched.

By consistently using a set of three keywords in your website content, the likelihood of surpassing page two increases, and traffic to your website should increase.  

• Use Email Marketing

Amongst the most effective business growth strategies is Email Marketing. Email Marketing is the distribution of commercial messages involving advertisements and the solicitation of sales. These emails should be subtle and interpersonal to encourage your customers to return to your website. 

Emails can be sent to new and returning customers and provide information including sales, discounts, and upcoming events that your customers may be interested in. As well as product descriptions that may entice your customers to purchase a particular item. Email marketing could increase your ROI by up to 760%, and 59% of email respondents claim that they have returned to a website to purchase a product as a direct result of email marketing. 

Email subscription-only discounts can convince your customers to permit marketing emails and provide you with the ability to communicate with your customers directly. Communication and engagement are vital when attempting to generate trust and loyalty, which in and of itself is integral. 

Distributing high-quality emails with good presentation and engaging content is very important for your digital marketing campaign and will remind your customers that even in inevitable periods of low revenue, your business is operational. These reminders will help to generate traffic that will boost your visibility on Google and make your business easier to locate. 

The Best Business Growth Strategies for Your Company!

We hope that you will implement at least one of these business growth strategies into your business to help your company grow. 

Trying to save money when buying a car for yourself?

Buying a car is a serious investment for most people.  It can also be a stressful experience when your budget is tight. Fortunately, there are several things you can do to reduce this stress and actually save some money.

The cash that you gain can be used for something else, like getting a few extras, weekly family-related expenses, or practically anything you want. 

While there are several things you could do, some are lesser-known. These are the ones we will focus on in the following paragraphs. 

Wait for The New Model to Be Released and Buy The Old One

If you are not in a hurry and you want to save money, it is always worth waiting until the new car model is launched for the year. As the new model becomes available, sales appear for the previous models. Dealers want to move them fast and make room to get the new inventory. 

If you do not care about new cars and you can buy a used car, it is even worth going back a few years. Or, you could at least opt for the model without the latest body style. When you buy new trucks and cars, you pay a premium due to the new technology included. But, by going back just a few years, you still get a lot of technology at a much lower price tag. It’s a really great way to save money when buying a car.

Consider Total Ownership Cost When Buying

Buying a truck or car is simple. What is more complicated is to pay the associated maintenance and repair costs as time passes. You have to think about things like insurance, fuel costs, licenses, taxes, registration, and maintenance as you determine if your budget allows the purchase or not. 

Take a look at the repair shops close to where you live. Then, analyze their offers so you know if you can afford the maintenance costs of the car you want to purchase. 

Increase Down Payments

Financing vehicle purchases is often the only way in which people can afford to buy a car. When your down payment is larger, interest rates go down. This practically means that you will end up paying less in the long run. Everything you can afford to put forward as the car’s down payment improves the financing offer you receive. 

Be Extremely Careful When You Choose Add-Ons

Whenever buying new vehicles from dealerships, you receive a list of several add-ons you can consider. They are very attractive and can be quite useful, but they also drive costs up.

According to the Mike Wins truck accident law firm, the big problem is usually the extended warranty. It is something that could be very useful but it will not cover the car’s costly and important issues. 

Always critically analyze the add-ons and see if you actually need them. Better protection and maintenance deals are usually available in other places. Avoiding add-ons or being careful with your additions is a really great way to save money when buying a car.

Consider Hybrid or Electric Vehicles

Last but not least, if you think gas is cheap, remember that prices keep getting higher as time passes. Electric and hybrid vehicles are now better than ever and close to all manufacturers have some sort of model available.

As an example, a hybrid model can let you drive 100 miles with a full battery or 45 miles with a single gallon of gas. When you only have to drive a few miles per day, as is the case with commuters, such vehicles are well worth it and you will save a lot of money in the long run.

Will Insurance Rates Go Up After A Personal Injury Claim?

You can drive as carefully as possible and still be involved in a car accident. Unfortunately, nobody can predict when they are going to be a victim in a collision. And when you are at fault, the experience is even more stressful. Fortunately, car insurance will help you to pay for your medical costs, those of the victim, and cover property damage. 

In very serious situations, you will need help from professionals to deal with the outcome of the accident, as when you need truck accident lawyers. In others, you will be able to deal with everything alone. However, regardless of the situation, especially when you are at fault for the accident, insurance rates will go up. Understanding why this happens will help you make the best possible choices. 

How Much Does Insurance Go Up?

Predicting how much car insurance premiums go up after the car accident is very difficult. However, most are connected with your driving record. If you are at fault for the collision or there is a moving violation that appeared in the past few months, insurers see it as a red flag. The amount chosen by the insurers to increase your rates varies from one state to the next, the insurer, your age, and your driving history. Usually, the younger drivers will pay more after car accidents since they are seen as risky customers. 

If we are to look at statistics, we can say that full coverage insurance rates are going to go up by around $630 after a collision in which you were at fault. But, based on individual circumstances, you might be faced with more. 

The damage that you do will influence how much premiums go up. Also, the hike is even steeper if your history includes several accidents. But, this is true when talking about full coverage, not comprehensive coverage, which appears when the car is damaged but there is no collision present. Comprehensive claims, as an example, are filed when the car is vandalized or stolen. Such events can lead to slight premium increases. However, filing with the insurer is still usually a good idea in such scenarios. 

Why Do Rates Go Up?

The rates are not raised to punish the insured, as some might think. Rates are adjusted because the data available on you changed. You are basically perceived as being a driver with a higher risk rating and there is a higher possibility you will file a claim. Since you are becoming riskier for the insurer to have as a client, the premiums get higher. However, this is not a permanent increase. After some years, the rates do get back to normal. 

Whenever you notice your insurance policy rates are going up after the car accident, the best thing to do is to look at quotes from different carriers. You can shop around since every single insurer has different factors taken into account as they determine how much insurance premiums go up. Since different rates are charged by different companies, there is always a very good possibility you can find something more affordable for you. 

Personal Injury Claim Conclusions

Now that you know how and why rates can go up because of a personal injury claim, you can manage anything coming your way after an accident. Whether you need disability insurance for the future, or you can simply better manage future incidents, you now understand rates and why they go up after a personal injury claim.