Important Information on Extended Warranties From Car Dealers

Car dealers offer extended warranties to provide their customers peace of mind that they’ll be covered should something unexpectedly go wrong with their vehicle. However, there are times where purchasing a warranty will be in your best interests, and other times where it will not. Here’s some information on how to tell the difference and to buy the one that is best for you.

What It Is

An extended warranty can be compared to insurance. You pay for liability coverage in case you’re in an accident and someone is hurt, although you don’t expect it to happen. In the same vein, a warranty will cover you if your vehicle needs a repair that you didn’t expect.

What to Look For

It wouldn’t make much sense to pay for a partial coverage plan – if you’re going to get a warranty, don’t go halfway. You’d be surprised at how many people make this mistake and not only end up paying for the coverage but for a large repair bill as well. Get the most coverage you can afford so you can rest assured it will be there should you need it.

Car dealers typically offer a wide range of options, so you’ll want to do a little homework before you purchase your new vehicle. Have the best possible idea of what will be covered and ask the right questions. For instance, get the amount of the deductible, find out what components of the vehicles are covered, and ask whether or not you need to take it to a certain shop for repairs. In addition, find out if you’ll have to pay for your rental car and any towing that may be needed.

Generally, car dealers offer power train warranties that cover any problems with the drive shaft, axles, transmission and engine. Again, make sure you know the exact parts that are covered. The most comprehensive type of plan is typically known as “bumper to bumper.” This will cover just about all your vehicle’s parts.

Setting a higher deductible could help you offset upfront costs; you just need to remember to set aside extra money should something go wrong. Does your credit card offer free roadside assistance? If that’s the case, then you can take towing off of your warranty and save a little money that way.

Is It For You?

If you have a deep emergency fund and could financially withstand having to pay for a big problem, then you might be fine if you didn’t purchase a warranty. However, if you’re like most people and you couldn’t handle a repair bill in the thousands of dollars, then you’ll more than likely be better off paying for a warranty. The monthly payments are affordable and you’ll have the added benefit of peace of mind.

Kerala Jackpot

Lottery is a form of gambling. Kerala State Lottery was started in the year 1967. The initiative was taken by the then State Finance Minister Sri. P.K. Kunhu. During that period Kerala was suffering from acute unemployment. The number of unemployed youth at the beginning of the third five year plan was above 1.3 million1. The shift from agriculture to industrial and commercial activities, the craze for white collar jobs, the growth of service sector, insufficient increase in non tax revenue such as interest, dividend and profit, increased public expenditure etc. were the factors that led the finance minister to think of a supplementary source of income for the state.

Thus lottery was introduced mainly for reducing unemployment and to a certain extent for supporting the state revenue. Lotteries were conducted by private agencies at that time. Later private lotteries were banned. Today, only the state government conducts lottery. Rules and regulations for conducting lotteries have been framed and lotteries have become a common affair now. At present it gives employment to more than 3 lakh people and contributes, more than Rs. 10 crores a year to the state government by way of profit. Income tax deducted from the prize amount also comes to crores of rupees. Above all, large amount is lying with the state government as undistributed prize.

Started as a monthly programme Kerala State lottery is currently having on an average 5 draws a week. The first prize distributed in a draw has increased from Rs. 50000 to Rs. 1 crore and even more. Total sale of tickets has also increased from Rs.75 lakhs to Rs.125 crores a year. Thus it is felt that the lotteries play a significant role in the life of Kerala people.

But research scholars, academicians and policy makers have not attempted much on the subject. This research gap motivated the scholar to choose this topic. Research problem can be rigorously identified and conceptualised only after a detailed literature review.
A survey among 300 samples were made from the different regions – southern central and northern. The districts of Thiruvananthapuram, Thrissur and Kannur were selected at random for the purpose and 100 samples from each district were selected and studied to analyze the motives behind buying tickets and the extent of faith the public has in the Kerala State Lottery. A survey among 90 respondents was made from winners of large prize amounts to analyze the pattern of utilization of prize money.

A survey among 150 samples was also made from the sellers of tickets to analyze the income earned by them from this activity. The sample sizes were kept low because of the difficulties in getting the relevant group. The Director of Kerala State Lotteries, a few district lottery officers, a few very large and very small sellers of tickets, the President of Kerala Lottery Agents Association (KLAA) etc. were also contacted and interviewed for their opinions and attitudes about the Kerala State Lottery. Collected data were analysed using appropriate and relevant techniques.

Components of a B2B or B2C MarTech Stack

It is not a secret that buying, owning, and maintaining a car costs a significant amount of money. Especially now, when gas prices are high and continue to increase. What if you could avoid paying as much as you do right now? Even while still getting to where you need to go?

Many city dwellers can. In fact, many people from Chicago are already dumping their vehicles and becoming reliant on rideshare. Current research has shown that it is in fact cheaper to use services such as Uber and Lyft in cities including Chicago, Los Angeles, New York, among others.

However, some people are hesitant to use these services due to all of the negative news stories reporting violent crimes involving drivers of such services. However, some services such as Uber are introducing safety features to help riders feel more comfortable reaching someone in case of emergency. It also helps hold drivers accountable by creating a stronger sense of authority, of being watched.

There are many benefits to using these rideshare services in bigger cities. In bigger cities drivers tend to have to pay to park their vehicles in addition to other typical costs such as gas, repairs, affordable auto insurance, etc.

On the other hand, some reports say that the cost of using rideshare will not be cheaper than owning a car until 10 years from now. But, it just depends what is best for the individual budget. In fact, news sites have even developed calculators to see if ridesharing is beneficial to your budget. Another detail that the calculator includes is the cost of time. A detail often overlooked by the monetary costs of things, but a detail equally, if not more valuable to people.

Additionally, there are options to “pool” with other rideshare users to eliminate even more costs. This option is not always the best depending on the intentions of your trip, but can be especially helpful for the commute to work, for example.

The increase in regular rideshare users creates another problem, unfortunately. The amount of cars picking up passengers has disrupted the flow of traffic in certain regions of the city, especially in Chicago. They have even increased fines of traffic violations.

The tickets and gas prices also seem to be turning away some drivers as they pay out of pocket for each item, in addition to possible rideshare insurance. But, drivers who discover that there is a growth in the city population using their services may attract attention to drivers hoping to make more money.

This then creates an issue for rideshare companies who are already struggling to pay their workers. Companies such as Uber who are providing benefits to European drivers, the costs will not go down anytime soon for them.