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.

The Four Factors That Control Your Managerial Effectiveness

In deciding what makes an effective manager, there are four main factors to consider and not all of them are directly controlled by the manager concerned. They are, YOU, YOUR JOB, THE PEOPLE YOU WORK WITH and YOUR ORGANISATION.

You

You bring your own knowledge, skills, abilities, talents and experience to the job you do as manager and these things will have an impact on how effective you can be in your role. Managers with greater experience can often remember the mistakes they made as a newbie and so appreciate how their now-seasoned skills can improve their job performance.

Your job

The actual position you hold and the work you do in its duties and responsibilities will affect your ability to be an effective manager, since it may be either a good or bad match for your skills and abilities.

The people you work with

Other employees have a major influence on managerial effectiveness. People are important if a manager wishes to achieve the work he/she needs to do. To a certain extent, effectiveness is measured by how well the manager concerned is able to motivate people and coordinate their efforts to achieve best performance. However, in many settings, a more realistic appraisal of management work is that managers are dependent upon their employees to get work done, so effectiveness will be determined by the skills, abilities and willingness of those people.

Your organisation

Organisational structure and where you are within it will affect the amount of authority you can wield and the responsibilities you are expected to be able to handle. It can also specify limits to what is achievable. Also, your organisation’s corporate culture, with its unwritten norms of conduct and methods of working, will influence your ability to be an effective manager.

So it is not enough to simply improve your knowledge of management techniques to improve your effectiveness. These techniques must be tempered by an understanding of these four factors in order to become practically useful in the corporate workplace.