Monday, November 15, 2010

More Car Recalls in 2010

Cars are not what they used to be. Cars used to last for 5 to 10 years without major defects or major problems. Nowadays you are lucky if you car lasts during the warranty. Think twice before trading in your old car for a shiny new one.

Last month there were multiple car recalls. Honda recalled approximately 500,000 cars with brake problems for the Odysseys and Acura RLs models from 2005 to 2007. Toyota recalled over 730,000 cards with unsafe brakes for the Avalon models from 2005 to 2006, non-hybrid Highlanders from 2004 through 2006, Lexus RX330, LXGS300, IS250 and IS350 from 2006.

BMV recalled over 150,000 cars because of potential problems with their fuel pumps. The problem affects cars with twin-turbo six cylinder engines with high pressure injection and direct fuel injection systems. The recall affects the 335i models from 2007 to 2010, 135i, 535i and X6 xDrive35I sports activity coupes from 2008 to 2010, Z4 roadster sDrive35i models from 2009 to 2010, MY 2008 X5 sports activity cars.

Here are 4 tips to help if your car is recalled.

1. Research. Find out what the process is to get your car fixed and if you will be compensated for the recalled part or for a rental car while your car is being repaired. Check the company's website to see if any information has been posted.

2. Call. Contact the car manufacturer directly to get accurate information on the model being recalled.

3. Status. Check on the status of your car repair frequently and document all phone calls with the car dealer and car manufacturer. Ask for a letter in writing from the car manufacturer stating what model what recalled and the process for addressing the recalled model.

4. Car Fund. Start creating an emergency car fund so if you have to get your car repaired you minimize the chance of going into debt.

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