Auto Extended Warranty Investment: Why It is Worth It

imagesPeople will tell you that you do not need auto extended warranty. However, that’s a myth. An Auto extended warranty investment is worth it.

As a car owner, you may have an idea that owning a car is expensive so is maintaining it. Prices have gone sky high as car technologies now mean higher prices on auto parts and services.

With auto extended warranty investment, you do not need to worry about car repair bills. An extended warranty is a form of a contract where a company promises to cover specific repair bills depending on your coverage.

You Need An Extended Warranty

Most will tell you to weigh your pros and cons, but believe us, you’ll end up deciding to get one because everyone needs a good coverage.

Your car is fine today but an auto extended warranty investment can help you get out of tricky situations when the day comes your car breaks down and you are faced with an expensive repair bill you cannot foot. While your car is in excellent condition, that’s the best time to get a coverage because these auto extended warranties do not cover any pre-existing conditions. So, just like for health insurances, you want to get covered while the problems haven’t shown up or you might not be able to get the coverage you want.

It saves you money

Your auto extended warranty investment will save you money. Whether you have a damaged water pump, a problem with the transmission, or other issues, it will surely cost you hundreds or thousands of dollars. You do not have to worry about such costly bills if you have proper coverage. You can spend the money on things you want because you are prepared for such problems when they arise.

Peace of Mind

An auto extended warranty will not make you reach but it will definitely give you some peace of mind knowing that you can get your car repaired without having to pay for such large sums of money. Most auto extended warranties also come with other perks useful to car owners such as road assistance, access to car rentals while your car is being repaired, and a lot more.

Shopping for Auto Extended Warranty

When you shop for an auto extended warranty, you should only get the best coverage that you can afford. You should also only deal with reputed auto extended warranty companies.

Depending on your car’s mileage, model, and age, you will have different extended warranty needs.

When looking for auto extended warranty companies, don’t go for the first one you come across with or the cheapest one you find. You need to do your homework and research for the company that can provide you with a great coverage and service. Look for reviews by consumers and rating from agencies and organizations. Remember though that one bad review should not outweigh the company’s history of good service.

The benefits and price to enjoy such benefits are among things you need to consider. These things are very tricky to compare but carefully weigh these things as you do not want to regret in the future that you got an extended warranty from the wrong company.

Is auto extended warranty worth it? Some will say no and some will say yes but let Autoextendedwarranty.co experts tell you way you need an Auto extended warranty investment.

Business English and the Automotive Industry

There is a real challenge out there as the Automotive Industry ‘globalises’ – experts in a number of disciplines from Sales to Design, Engineering to Manufacturing are having to talk to each other across continents. This brings so many challenges, both for the business and the individual. Companies like Nissan and Renault have important alliances in place, and most automotive manufacturers are present in China, working with local industries.

The Challenge

English is the global language of the Automotive Industry

There are ever increasing demands on Automotive executives:

International Travel

International Companies & Alliances

Shared, Time-pressured Development programmes

International Meetings – face to face, on the phone, even on TV

International Communications – e-mails, letters, video conferencing

Global Experts in Design, Sales, Engineering, Manufacturing, Finance who have challenges when trying to get their expertise across.

The Personal Challenge

Imaging the difficulties posed by the following examples:

1. “He’s wrong!” – but how do I tell him that politely?

2. “That’s not the best way” – but how do I tell them what is the best way in terms that they will understand and without offending them?

3. “I’m thirsty” – but how do I ask for a drink around here?

4. “I’d really like to see the way that he calculated that” – but how do I ask him?

5. “I don’t want to eat here, I’ve heard it’s no good!” – but how do I let them know?

6. “That’s a lousy deal!” – but how do we discuss this in the kind of detail I want to go into??

7. “I really want to understand what makes this colleague / customer ‘tick’ – it would make this project / negotiation much easier” – but I’m stuck for words! English is too difficult!

The Solution

The Automotive giants and their suppliers need to get their experts ‘up to speed’, NOW. International alliances and cooperation means more travel, more meetings and more and more shared projects and platforms. There are various options available to employers to enhance their employees’ skills in English, especially to those in Japan, Korea and China. The best option has to be one-to-one tuition in the UK, Australia or the US. Good training (which can also be carried out in-house, or in a language school either ‘at home’ or abroad) enables international experts to communicate easily and with confidence, so that a car-makers’ ideas and agenda are definitely put forward.

Too often during my career in the industry I have watched Japanese colleagues struggling to communicate their point of view (and therefore that of their employers!) to people from very foreign cultures. My favourite example of this is sitting in a car in the UK, next to a Turkish gentleman, and hearing one half of a conversation he was having with a Vietnamese gentleman who was speaking from his desk in France where he works for a German company – all about a project for a French customer for parts that would be manufactured in Turkey for a Romanian factory! All of this was in ENGLISH!

5 Hot Auto Alliances and What They Do

The global auto industry is built on competition, but it also espouses collaboration. Manufacturers may prefer to do it alone, but managers know that it often takes two or more car companies to make some projects a reality. The consolidation that some believed would result in fewer manufacturers is not happening. Instead, automakers have created alliances with the goal to sharing costs, building new products and strengthening balance sheets. Let’s take a look at five hot auto alliances and what they provide to companies and consumers alike.

Renault-Nissan Alliance — The most well-known hook up is French automaker Renault with Japanese car manufacturer Nissan. In 1999, Renault bought a stake in Nissan and Nissan bought a slightly smaller stake in Renault. This arrangement has come because Carlos Ghosn, the CEO of both companies has bridged the cultural divide to make the alliance work. These companies remain independent, but share car platforms, powertrains and manufacturing facilities as needed.

Fiat-Chrysler Alliance — In 2009 with Chrysler facing a likely shut down, Fiat chairman Sergio Marchionne stepped in to rescue the American car manufacturer. Unlike Daimler, which bought Chrysler out in 1998 and sold it off nine years later, Marchionne understands the American persona and has made changes that have helped Chrysler not only survive, but thrive. Arguably, Chrysler is in better shape today than Fiat is with Chrysler benefitting from Fiat platforms to build hot new cars such as the Dodge Dart. Fiat is currently embroiled in a European market that is in a recession and dogged with overcapacity issues.

GM-Isuzu — At one time, GM held a 49 percent stake in Isuzu, a small Japanese manufacturer with a penchant for making excellent diesel engines. GM’s truck engines have benefited from this alliance as has its Opel unit in Europe. The upside for Isuzu is that it still is an independent company even as smaller manufacturers fade away or get absorbed by global manufacturers.

Hyundai-Kia — Hyundai has a 38 percent stake in Kia and both companies comprise the Hyundai Kia Automotive Group. Kia was bankrupt and in danger of going out of business in the late 1990s when Hyundai stepped in. Hyundai has turned a competitor into an ally, with both companies sharing platforms, powertrains and manufacturing capacity as needed. Together, the two companies are now the fourth largest car manufacturer in the world by volume.

Toyota-Tesla — By the numbers, the Toyota and Tesla Motors hook up is small change. However, Toyota has a stake in the American EV maker and is also benefiting from Tesla technology. The Toyota RAV4 EV has a lithium-ion battery system developed by Tesla and Tesla has the money to compete in market dominated by Goliaths.

Other Alliances

There are many other alliances at work in the world including GM-Peugeot, Ford-Toyota, Ford-GM and an assortment of Chinese manufacturers allied with western and Asian car companies. Some alliances are temporary while others are forged at the foundation and are likely to last for years on end, alliances of necessity and of strategic planning.

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