Features & Benefits Disclosure Statement

Greetings,

The clock is ticking on the arrival of Zeppo. If all goes well, the car should be ready for pickup sometime during the week of June 13.

Here's my question: I have received the feature and benefits disclosure statement from NW MINI, where there are all sorts of extras you can pile on, ranging from the NW protection program ("but you know you need the truecoat protection", with all deference to the Coen Bros.) to GAP protection.

The entire list is:

EasyCare mechanical service agreement; MINI factory full maintenance program; NW protection program; 3M rock chip protection; Lojack stolen vehicle recovery system; GAP protection; credit life insurance on loan; credit accident and health insurance on loan.

Anyone pick up some or all of the options on the list?

Greetings,

Thanks for all your input.

The insurance stuff is an easy way for the dealerships to make a couple extra bucks. You get hit up by them, and then again by the financing entity (bank, credit union, whatever).

The only two items I was even remotely considering were the NW protection program for the paint and the extended warranty. I already have a bra ready to slip over the car's bonnet, so the 3M stuff wasn't on my list either.

I have to chime in on the credit life and disability insurance.  It really depends on your financial situation, especially when coupled with your occupation.  If you have a stash and work on a computer, a broken leg is no problem.  If you are a logger and don't have a stash, a broken leg is a real problem.  Wouldn't want to sell my MINI because I broke my leg if you get the drift.  Sure, there probably is no risk due to the value of the car, but, selling my MINI to make the payments would really suck.

I was in auto lending for many years, and for the more dangerous occupations, almost 100% bought the insurance.  For the safe ones, almost none.  The life insurance is pretty cheap, the disability insurance more pricey.  You generally cant buy the disability without the life.

Don't know anything about the rest of that stuff.

Hope this helps.

Rob N wrote: I have to chime in on the credit life and disability insurance.  It really depends on your financial situation, especially when coupled with your occupation.  If you have a stash and work on a computer, a broken leg is no problem.  If you are a logger and don't have a stash, a broken leg is a real problem.  Wouldn't want to sell my MINI because I broke my leg if you get the drift.  Sure, there probably is no risk due to the value of the car, but, selling my MINI to make the payments would really suck. I was in auto lending for many years, and for the more dangerous occupations, almost 100% bought the insurance.  For the safe ones, almost none.  The life insurance is pretty cheap, the disability insurance more pricey.  You generally cant buy the disability without the life. Don't know anything about the rest of that stuff. Hope this helps.

What happens if a MINI runs over your foot.....