Intro: These days modern cars can come packed with high-tech features that
make your ride safer, more fun and maybe a littler easier. But if you get mesmerized
by all the bells and whistles without checking a few key facts, it could really
wreck your budget. Bankrate.com explains.
Voice over 1: Everybody knows that maintaining a car isn't
cheap. But the price of repairs for some of today's accessories could blow you
and your budget away.
Voice over 2: Example? Navigation
screens that also contain your radio, climate control and more.
over 3: Say you hit the brakes one day and your kid's baseball bat flies forward
SOT:(Bankrate's Terry Jackson) "...you might
say to yourself, 'OK, I'm not going to fix it, I can do without the radio." But
the problem is, it controls many other systems, so you go to get it fixed and
maybe when the car was new it was $2,000 option. To replace it might be $5,000
or $6,000 and now you're in trouble."
Voice over 4:
And that's just one of many examples.
SOT: "Let's say
sensors in the bumper that monitor parking -- there's even some cars now that
have radar cruise control -- and if you crash the front end of the car, where
these sensors are, they are going to be horrifically expensive to replace."
over 5: Of course, if you can afford to buy a car like this $65,000 Corvette
or the $80,000 Audi A8, that kind of expense may not bust your budget. But pity
the poor person who buys these cars used -- then something high-tech goes haywire.
"The replacement value, the repair value could exceed the value of the car, especially
in the eyes of your insurance company."
while navigation is nice and sonar sensors sound sexy, today's technology may
be a ticking time-bomb, especially if you buy your cars used. So do some research,
and avoid totaling your family's finances. For Bankrate.com, I'm Kristin Arnold
note: : Since the recording of this video Bankrate auto expert, columnist
and writer Terry Jackson passed away after a lenghty battle with cancer.