You have taken the time to research the car that you would like to buy, finalising all the must-have features to the ‘T’. However, before you sign the contract and finalise the deal your dealer tells you that there are some ‘value added extras’ that your car will need, which sounds necessary for your new wheels but are they really worth your money?
Are Value added extras worth its salt?
Simply put, value added extras are additional features that come with the car with the main aim to protect your vehicle. Your dealer could suggest that you:
- Add paint and upholstery protection which claims to apply a protective treatment that protects your vehicle from dirt and abrasion. Paint protection packs can differ depending on what dealership you go to, but it usually starts at $975.
- Get an extended warranty to protect your new wheels.
- Add additional floor and boot mats which keeps your car clean and makes it easier for you to clean up when the car gets dirty.
Some of these features are a good protective barrier for your car, but the devil is in the detail and this is where you need to pay careful attention.
Value added extras can be costly
Not all value added extras are unnecessary. Some features that are suggested could be excellent in protecting your car, but it all boils down to the cost of these added extras on the final price tag of your car.
It seems like a good and convenient idea to get these features to protect your new car right there at the dealership. But once you add up the final costs you will realise that it is actually costing you more. Agreeing to these value added extras you need to compare prices elsewhere to see if you can get a good value for your money. You can compare the suggested value added extras at a car shop and see if you cannot get these off the shelf.
There are things that you wouldn’t be able to get off the shelf such as an extended warranty, but it does not mean that you have to settle for the one your dealer offers you. Car dealers can get a commission of up to 50% of your premium for selling these warranties. Reading the fine print of the dealerships extended warranty will help you realise that the extension may not cover much, and it also comes with terms that could make it void. Rather, it will be better to get an extended factory warranty which is worth much more and it is also flexible.
Choose aftermarket items that add value to your car
Your eyes might have lit up when your dealer suggested an add-on of bull bars to your vehicle, but you need to ask yourself if it is a necessary add-on and is it approved by the Australian automotive standards?
You might want to add your signature by adding custom extras in the form of supercharges, chrome wheels or snorkels and snap winches. When doing this you will have to factor in how this adds to the value of your car. Some of these items don’t add any value to your car and can clash with your car insurance, causing you to pay higher premiums.
Therefore, you need to compare these ‘value added extras’ and see it in the long term. Always ask yourself; is it worth the money I am about to spend it on and will it increase the value of my car in the long run?