When a consumer buys a new or used car from a dealer, they might be offered a pre-paid maintenance plan. These plans cover, for a specific amount of time or mileage, the scheduled maintenance spelled out in the vehicle owner's manual.
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According to the results of the J.D. Power and Associates 2013 Vehicle Dependability StudySM, a better warranty is not one of the most important factors considered by consumers when choosing a new vehicle. The same study, however, consistently finds that consumers say reliability and durability are the most important factors in their choice of vehicle.
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There are several pros and cons of buying a used car from a private party seller. In the sections that follow, this article discusses the most significant of them.
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Almost always, the amount of money that a dealer will offer for a trade-in, the trade-in value, is less than the amount of money that you could get by selling it on your own, the market value. This article explains why.
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