Owning a car is one of the pivotal achievements of everyone's life. You can make the brand new car owner feel special with some thoughtful congrats for new car quotes.
Let's take a look at some new car blessing quotes to show the new car owners how excited you are for their achievement. Congratulation wishes on a new car is important for the car owner. It shows how much you rejoice in their success.
I hope the above new car blessing quotes will help you find more sentimental words other than "congratulations on your new car" and make your loved one's special day more special.
Rick Mikolasek December 20, 2022 as published on The Truth About Insurance website
Insurance match-ups: “New car replacement vs. gap insurance.”
First off, congratulations on the purchase of your new car. Now let’s make sure you have the right insurance to cover your new baby.
You’ve likely heard that a new car loses value the second it’s driven it off the lot. Well, the reality is the car probably loses value the minute you sign the paperwork.
Either way, if you get into an accident shortly after you purchase the car, you could be subject to owing more money to the bank than the car is worth, assuming you took out a loan or a lease.
Here’s How it Can Go Wrong
You purchase a car with no or little money down for $25,000. Within the first year, a car can lose as much as 20% of its value. In other words, your $25,000 car might be worth as little as $20,000 within the first year. If your car is totaled during that first year, you may still owe as much as say $23,000. The bank that lent you the money to purchase the car is not going to “forgive” the difference between what you owe and what the car is worth, which is referred to as its actual cash value (figured as the replacement cost new, minus the depreciated value).
What Are Your Options?
Insurers and lenders have designed two options for this relatively common occurrence. You can either purchase “new car replacement insurance” or “gap insurance,” which is also referred to as “loan/lease” coverage. Let’s look at the difference between the two:
New Car Replacement Insurance
1. Your insurer will pay the verifiable new vehicle purchase price of your damaged vehicle, not including any insurance or warranties purchased; or
2. The purchase price, as negotiated by the insurer, of a new vehicle of the same or similar make, model and equipment, not including any furnishings, parts or equipment not installed by the manufacturer or manufacturer’s dealership; or
3. The market value of your damaged vehicle, not including any furnishings, parts or equipment not installed by the manufacturer or manufacturer’s dealership. So your aftermarket rims and stereo are not covered here.
This coverage is provided without deduction for depreciation. That’s really the key here. You don’t have to worry about losing money thanks to any value your car lost, i.e. you are not on the hook for the difference between what the car is worth and what you owe…you just get a new car!
Gap Insurance (Loan/Lease Coverage)
Gap insurance, on the other hand, is designed to pay only the difference between what your car is worth and what you owe. You can forget about getting a new car. As your car gets a little older, this may be the only coverage available. The older the car, the more the value depreciates. It wouldn’t make sense for the insurance company to go around and buy a new car for everyone who suffered a total loss on their car after it had lost half its value!
1. Any overdue loan/lease payments at the time of loss.
2. The insurer/lender will not cover financial penalties imposed under a lease for excessive use, abnormal wear and tear or high mileage…NO FREEBIES!
3. Security deposits not refunded by a lessor. Basically, if you made a security deposit, you are not getting it back.
4. You will also not receive any money for the cost for extended warranties, Credit, Life Insurance, Health, Accident or Disability insurance purchased with the loan or lease. This means that any of the extra bells and whistles you were talked into buying when you were experiencing the euphoria of your new car purchase are not going to be reimbursed.
5. You shouldn’t expect to receive any compensation for carry-over balances from previous loans or leases. Previous poor financial decisions are not covered here.
Be smart with your new purchase. Obtain coverage that will ensure you do not end up owing money on a vehicle you no longer own.
Both new car replacement insurance and gap coverage are relatively cheap…we are talking about $5 extra dollars per month or less.
So be sure to contact your insurance company or independent agent today for details!
Planning on purchasing a used car in the near future? Well, congratulations on your big spend! Buying a new car is one of the most important purchase decisions a person will make in their lifetime. And if you pick the right car, it could be one of the best decisions of your life. However, there is one thing that often confuses potential used car buyers and drivers alike: The Extended Car Warranty. In fact, many drivers are completely unaware that you can even purchase an extended warranty for a used car, but we’re here to tell you for certain that your used car can benefit to nearly the same exact coverage as if you were buying the vehicle new.
Of course, it’s common sense that all drivers want to keep their cars as long as possible, without spending a fortune on repairs. Therefore it is reasonable to assume that protection for your vehicle is just as important as getting a good deal on the used car itself. It not only brings the much-needed peace of mind behind the wheel but also doesn’t sign a death warrant on your budget. Drivers from all walks of life from Mercedes owners to Chevy truck enthusiasts want to shield themselves from the high prices of auto repairs, and that’s where an extended warranty for your used car comes in.
However, the question is, is it really that simple to get an extended warranty on a used car? It depends, actually. There are a lot of factors that will come into play and determine if your vehicle qualifies for coverage. For instance, these types of factors could include: the quality of the vehicle, the age, and mileage of the car currently, your driving record and habits, resale values, licensed repair facilities, and more. The more you understand how these will affect your coverage options, the more you protect yourself.
Now, allow me to answer some exhausting questions and shed a little light on those issues that often invite trouble for you so that you can avoid these errors in your calculations and make the best decision. If you completely understand what it is you’re actually paying for and what it will cover, you’ll be on the right track to saving money and protecting yourself. Let’s get started!
How Much Can You Save with an Extended Warranty for Used Cars?
This question is a tad baffling, as it has various dimensions. In some cases, you could jeopardize losing a lot of your own money and in others, you could save thousands of dollars. Some professionals believe that the extended auto warranties, generally referred to as ‘Vehicle Protection Plans’ or ‘Service Contracts’, don’t always pay off, while another segment of professionals supports the idea that you could save lots of money and come out ahead in the end. While it’s pretty obvious which side of the spectrum we stand on, we can happily say that our average customer uses their policy at least 3 times during their a 5-year coverage period. And with the price of a new engine averaging $3,600, a new transmission running you $2,400, and a new cooling system coming in at a cool $1,200, a policy from Endurance will pay off in no time.
If you’re new to the used car buying process and don’t have the slightest idea on how the used car extended warranty works, focus on just three main things: what’s included, what it will cost you, and where you are getting it from. Though there are definitely other factors to consider before purchasing coverage, these three staples will allow you to better judge the right coverage for you.
What an Extended Warranty for Used Cars Include:
The biggest factor in finding the perfect extended warranty for your used car is probably what is included in your coverage, or rather what isn’t included. There are many different types of coverage plans and they each cover a variety of parts and components. But until you examine what your needs are and how much you are willing to spend, it is best to have a basic idea of what level of coverage you will be in the market for.
Generally speaking, there are 4 different types of coverage:
Depending on what level of protection you choose, it is always a good idea to go over the items listed for coverage. While these are basic guidelines of what will be covered, each policy will be different. We highly recommend going over the policy with a friend or family member who knows about car repairs or a trusted mechanic who will be able to steer you in the right direction of which type of protection your vehicle needs.
What Will it Cost:
Once you have decided what type of coverage you want for your vehicle, it is probably best to see what you can afford and try to find a policy that fits both your needs and your budget. Without accurately knowing what you can afford, it could lead you to “bite off a little more than you can chew” and get yourself into serious financial distress. However, many auto warranty companies provide affordable payment plans to make protection for your vehicle easier to afford.
To give you a good idea of what the average price for an extended auto warranty is, you have to understand the factors that will affect pricing. Factors such as vehicle age and mileage, driving habits, and condition of the vehicle, will all factor in to give you your final price for protection. Of course, the price of a protection plan for a BMW will be higher than the cost of a Honda protection plan, but generally speaking, the average cost of a 5-year protection plan will run you about $500-$700 per year. A fraction of the cost for a new engine or transmission!
Where is the Warranty for the Used Car Coming From:
There are a few things to be aware of, one of them is accreditation. If the company is not certified or accredited by the most important agencies in the industry such as the Better Business Bureau, the Vehicle Protection Association, and Consumer Affairs, it is probably a safe bet to say they are not a very reputable company.
Be sure to check out what industry professionals are saying as well as consumers like yourself. When you get a chance to see what others think of the company, it will help you make your decision. Be sure to take reviews only at face value though. We aren’t saying that negative reviews should be ignored, but know that there may be a bit more to the story that you are seeing in a short 200-word review. Doing your own research will give you the best opportunity to find a trusted auto warranty company to protect your used car.
It’s the 21st century and cars have become our most important and most expensive mode of transportation. Any unexpected incident or vehicle repair can lead to a great deal of financial stress. We believe in the motto “better safe than sorry”, and a vehicle protection plan from Endurance is the safety net that all drivers need. Call us today to get your free quote and a one-way ticket to the world of worry-free driving!
FAQ’s: Used Car Extended Warranty
• Which extended car warranty plan covers the most for the best price?
Endurance offers four different coverage plans, with the Supreme Plan covering everything from AC to turbo and supercharger, and the Select Premiere eliminating coverage on power items like brakes, gaskets, and steering. Everybody looks for something different in their protection plans, so we recognize that and work to provide an option that is suitable for everyone.
• How do I know if my car qualifies for Endurance Warranty coverage?
We cover most cars up to 20 model years and up to 200,000 miles. Our Learning Center includes blogs going over our plans for customers with Volvo, Nissan, Honda, Hyundai, and more! Our representatives also work very hard at finding the right protection plans that fit your needs.
• How is the cost of an extended car warranty determined?
There is a multitude of factors that go into the cost of an extended warranty, such as the age of the vehicle, mileage, driving habits, and more. Depending on those factors, we determine the best price for you.
• How does the cost differ from a factory warranty and 3rd party administrator?
The cost of a factory warranty can be higher than that of a 3rd party provider, just because they are often serving as a middle man, therefore they are looking to profit somehow off your purchase. The great thing about Endurance is that we are a direct provider of our coverage plans and make the process much simpler. We develop our own plans, therefore we find a price that is best for you, while still getting you the protection you need.
The Right Message for a First Car Purchase
A person purchasing their first car is almost as big as a person purchasing their house. Not only is this type of purchase significant, but it can also be quite expensive, as it is a very big financial investment. According to a report by the National Automobile Dealers Association, $30,000 is the average cost of a new car purchase. Purchasing your first car is a gigantic investment which is why a congratulatory message on your friend or family member’s purchase will not fall upon deaf ears.
You can congratulate a person on purchasing their first car with a funny message or a well-wishes message that will surely be appreciated by the person who is taking such a big step in their life. It does not matter whether the person has purchased a Ford, a Honda, a Chevy, a Jeep, a Ferrari, an SUV, a hatchback, or an expensive four-door sedan – sending the congratulatory message is always your best bet when it comes to sending your best wishes.
So today, we are going to walk you through some great messages that you can say to the person who has finally purchased their first car.
Funny First Car Purchase Messages
• “Congratulations on purchasing your first car! It’s great to be driving a great new car, but don’t give up on walking – it’s quite healthy for you.”
• (for an SUV owner) “Congrats on your first SUV! You’re new truck may be huge, but don’t worry, friends like me will always be filling up your backseat asking for rides.”
• “You’re first car is the only type of vehicle that you will really love while you own it and really miss after it’s gone. Take care of your new non-human child.”
• (for a single person) “Your first car will definitely get you a lot of dates. I just hope you don’t forget about friends like me in the process. I may need a ride to the store. Congrats buddy.”
• (for someone who can take a joke) “Your new truck is known for its power, strength, and durability. Here’s hoping that you grow the same qualities one day. Congratulations.”
• “A journey of a thousand miles always begins with a single step … so the journey toward a new Mustang will begin with your new station wagon. Congratulations.”
• “Okay, so you have proven that you have pockets deep enough to buy your first car. Now you must show that you have a heart big enough to take all of your friends out for a joyride. Congratulations on your first card.
• “I just wanted to give you a friendly reminder that I am more than willing to babysit your first car anytime that you are out of town. Just don’t forget to double down on your insurance … you know, just in case. Congrats on your first car purchase my friend.”
Messages for Car Junkies
Sometimes, the person who has purchased their first car is a person who loves car talk. Perhaps they have studied automobiles in college, or maybe they grew up idolizing cars. If so, here are some great messages that car lovers are sure to enjoy:
• “I heard your first car has a V8 under the hood. That will definitely put you ahead of the pack for good. Congratulations on your new speed machine!”
• “Your new car has a cult following because not only is it iconic, but your new car is legendary. The key to driving a car like yours is to put it into the hands of a cool person. A cool person like you. Congrats on your first, rockin’ car.”
• “Your first purchased car is not amazing because it has a killer engine inside. Your new car is amazing because you’re behind the wheel. Congrats and safe driving!”