By: Robert J. Nahoum What is a service contract? A service contract is a written agreement to perform maintenance or repair services on a consumer product—like a car—over a fixed period of time or for a specified duration. In the auto‑dealership world, these are often marketed as “extended warranties” or “vehicle protection plans,” but legally they are separate contracts that you pay extra for, […]

By: Robert J. Nahoum Why new‑car prices are pushing used‑car prices up New‑vehicle prices have climbed sharply in recent years, with the average new‑car transaction price now well above $48,000 in 2025, according to industry data. As new cars become less affordable, more consumers are turning to the used‑car market, which in turn drives demand and lifts wholesale and retail used‑vehicle values.​ […]