Monday, January 28, 2013

Anti-theft Coding to the Rescue

What is Anti-theft Coating?

You may have heard of Anti-theft Coding before, but weren’t quite sure what it was. Well, it’s good to know about the warranty options you have for your vehicle so here is the next one on our list: Anti-theft Coding is a passive antitheft, marking the vehicle with an etching on the windows. If someone steals your vehicle and it is not found or returned then we give you $2,500 to get another vehicle from us. This comes with your vehicle when it’s purchased at zero extra cost.

Hopefully your car doesn’t get stolen, but in Vermont the changes are very slim! Still, Anti-theft Coding is no doubt a good thing to have on your vehicle, and even better – it’s free!

If you have any questions about financing your vehicle or what options you have when purchasing, please comment below or visit our online Hyundai Finance Center here.


Image via afkra blog

Monday, January 21, 2013

The 4-1-1 on Tire & Wheel Coverage

Protect Your Tires & Wheels: What You Need to Know

Tire & Wheel protection is definitely something to look into when purchasing a vehicle; it’s the coverage that pays to repair or replace damaged tires or wheels. For both Hyundai and Subaru, it lasts for five years and covers two sets of tires; so if you’d like to extend your coverage to a set of snow tires you can.

There is zero deductible and towing is included; if your rims get nicked or break because of any road hazard, we’ll fix or replace them. Same goes for your tires – if you get a flat because of glass, nails, anything – we’ll fix or replace your tire as well.

A lot of people wonder about the effectiveness of this coverage if you have an all-wheel drive vehicle, since if or when you have to replace one tire, you need to replace all four. Tire & Wheel coverage does not cover the cost of all four tires, but we will replace the tire with the issue so you only need to purchase three instead of four.

Tire & Wheel coverage can vary in price depending on the size of the tire, so be sure to look at over when you’re purchasing your vehicle. As a general idea though, our Business Manager Rich Trace says, “If you need it once, it pays for itself.”

Any more questions? Please, let us know! Or visit our website's Finance Center here.

Monday, January 14, 2013

What Is Extended Warranty & Should I Get It?

What is an extended warranty?

Extended warranty is an insurance policy on your vehicle, much like health insurance; it’s a safety net for unforeseen repairs. It’s both an added cost and an added benefit since it doesn’t come with the vehicle you’re purchasing. There are two components in an extended warranty, comprehensive and powertrain:

Comprehensive, often mistakenly referred to as bumper to bumper, covers everything except wear and tear items, while powertrain covers all lubricated moving components inside the motor, drivetrain and transmission. For Subaru, the year/mile limitations are up to ten years, up to 150,000 miles. Hyundai is also up to ten years, and also 150,000 miles. For used vehicles both may go up to 150,000 miles.

Should I get an extended warranty?

First I’ll tell you why you wouldn’t get it: if you’re self-insured and paying out of pocket, or if you’re planning to trade the vehicle within three years.

If that isn’t the case, here’s why you would:

1. It covers all unforeseen repairs except typical wear and tear items, so if anything goes wrong with your vehicle during the allotted time and mile constraint, we’ll fix it.
2. The deductible can be anywhere from $0-$100, which is roughly the cost of just an hour's labor - and realistically the cost to repair a vehicle without a warranty isn’t going down.
3. It has a one-time fee that you can include in your loan.
4. It's transferable to the next owner, which adds value to the vehicle if you sell it.

But most importantly, how much does it cost? This really depends on which years/mileage deal you choose, but it can range anywhere from $475-$2,495, and as I said this is a one-time fee for the full warranty – no catches and no exceptions! The main thing is, we don’t benefit from this service – you do. So please feel free to ask us any questions you like, whether you’re buying a car this week or are just curious for the future.

Stay tuned for more posts on financing your vehicle. We'll be posting more blogs over the next couple of weeks that will feature Auto Armor, Tire & Wheel, GAP Protection, Anti-theft Coding and Prepaid Maintenance. And be sure to check out our Finance Center on our website!

Monday, January 7, 2013

Hyundai Concept Turns your Smartphone into your Car Key

The new Hyundai Connectivity Concept uses Near Field Communication technology to turn a driver's smartphone into their car key, as well as unlock the car doors and stream content while wirelessly charging.

Hyundai recently unveiled this technology on its i30 in Germany, which is the European version of the Elantra Touring. The driver simply swipes their phone over a tag to open the door, then places it in the center console. From there, it syncs with the vehicle's infotainment system; streaming music, accessing the driver's phone book and setting personal preferences. During this time the phone is receiving a wireless charge.

You've probably seen commercials for a similar technology - OnStar, which also allows drivers to unlock their cars with their Smartphones. OnStar however, is operated through an app that transmits information from the phone to OnStar, then back to the car. The Hyundai Connectivity Concept works more efficiently since it's an instant wireless connection.

Hyundai hopes to put this technology into production in the very near future, meaning we'd see it as early as the 2015 model year.

What do you think? Good idea? If you're a fan of the current technology, check out our Hyundai inventory here!


All information and image via Digital Trends