News Matrix Insurance Group

Month: April 2022

How to Take Care of Your Luxury Automobile
How to Take Care of Your Luxury Automobile

Posted on April 20, 2022 | by | Posted in Insurance

Regardless of the type of vehicle you possess, it requires routine maintenance and proper care. However, purchasing a luxury car is a significant investment of your hard-earned money, so the level of care needed increases exponentially. Also, you will need to learn additional maintenance tips and tricks to help care for and protect their unique features. In this article, we elaborate on how to take care of your luxury vehicle! 

  1. Consistent maintenance

Maintaining a premium vehicle is more expensive and laborious as compared to a non-luxury car. Each luxury car is designed with the assistance of highly skilled engineers and mechanics. Due to their complex features, they frequently require more in-depth maintenance than other standard automobiles. After all, if your dream sports car breaks down unexpectedly and requires a fortune to repair, it will break your heart and your savings account.

While you may be able to put off routine maintenance, such as oil changes in a regular automobile, you must replace your oil according to the manufacturer’s recommendations to ensure that all components of your luxury car operate at peak performance. It contains more moving parts than a standard motor, necessitating more maintenance to keep it in top shape. For example, the high-performance engine beneath the hood of a Lamborghini involves more complex mechanical engineering as compared to a factory-grade Honda civic. As a result, it makes sense to strictly follow the manufacturer’s recommended schedule to let a professional inform you if your luxury car works optimally.

  1. Be mindful of the interior

Regardless of how frequently you drive your luxury car, make a point of vacuuming the interior every other week. There may be spills of beverages, crums, leftovers, and even clothing on the seats, giving the vehicle a dirty appearance and obscuring the splendour of the leather seat covers.

Cleaning the seats discourages the growth of mould or the invitation of unwanted insects. Moreover, don’t forget to vacuum the doors, consoles, mats, and floor mats. While you’re at it, you can also polish the windshield and windows, revive your car’s leather upholstery with specialised leather cleaner, and even improve the aroma of your vehicle with brand new fresheners. 

  1. Keep the exterior clean

Of course, maintaining and servicing the exterior is equally as crucial as important as cleaning the interior is for you and your passengers. Luxury cars are conceptualised and made to be eye-catching. They can attract anyone’s attention while you’re driving down the street, which is why they must constantly be shining and gorgeous.  

If your luxury vehicle is not washed regularly, its delicate design and exotic appearance will be lost beneath a layer of road dust and dirt. Therefore, you should consider washing your automobile regularly to remove any dirt or debris that builds over the week, maintain its appearance, or get a car wash membership. Cleaning your car yourself is also a good option, allowing you to acquire the best cleaning materials and give your vehicle the proper care it needs.

  1. Be very careful while driving

A large part of keeping your luxury vehicles in top shape is by being a careful driver on the road. While your luxury vehicle may have plenty of horsepower and performance, you should avoid putting yourself at risk by driving carelessly. Being responsible with your car and following the street signs breaks the stigma of luxury car owners being obnoxious. Additionally, while you may take care to protect your prized automobile, other motorists may not be as considerate. 

Therefore, when driving a luxury car, it is critical to follow all traffic laws and drive cautiously to protect yourself and your investment from the potential reckless actions of others. Even if the weather is perfect, the sun is shining, and there is no cloud in the entire sky, always be cautious of your surroundings when driving. 

  1. Check the air pressure of your tyres

If you ride a car regularly, you probably understand how critical it is to check the air pressure of your tyres and balance the wheels at the same time. Maintaining optimum tyre air pressure is essential for extending the life of your tyres, providing a safe ride, and maximising fuel economy. Therefore, get the air pressure checked anytime you’re up at a fuel station. 

It should be second nature to check the air pressure in your tyres whenever you fill up your vehicle with petrol. The more you drive, the balder your tyres become, increasing the likelihood of an accident. Therefore, regularly check the air pressure and the vehicle’s current state to prevent further issues.

  1. Contact a professional for a second opinion

It isn’t easy to diagnose a luxury car’s sophisticated system. Many people believe they can repair their own car and save money by doing so. However, this is very untrue, quite the opposite in fact. It may even end up costing you more. Thus, if you feel your car needs some repairs, you should contact a professional to help you fix it. The primary reason to engage with an experienced auto mechanic is that they have years of experience working on luxury vehicles.

  1. Get a luxury car insurance 

Since luxury cars do not have standard features, they require special insurance. A luxury car insurance policy provides coverage that other types of policies, such as comprehensive or collision, frequently do not. Consider purchasing low-mileage coverage or increasing your deductible to receive affordable auto insurance for these types of automobiles. 

Tips For Starting And Operating A Profitable Automotive Trade Business
Tips For Starting And Operating A Profitable Automotive Trade Business

Posted on April 20, 2022 | by | Posted in Insurance

We have all dreamed of starting a business and being our own boss. Doing what you want, when you want, and how you want without having to follow orders definitely sounds like a dream. Furthermore, like everything else in life, being a business owner starts with coming up with proper and thorough planning. This stage includes the most crucial steps to help you create and maintain your desired line of trade. 

If you are considering starting your own automotive trade business, this article is for you. Not only will we give you an overview of how to get the ball rolling, but we will also reveal some tips that will help you grow a profitable company. 

Finalising the line of business

There are countless business ideas you can choose from, but it is ideal that you pursue one that you know and understand deeply. You should also be more specific with the operations you want to have. The automobile industry comprises a lot of business models, so you need to specify which one you will follow. 

For example, will you buy and sell automobiles or do repairs and replacements? Overall, it is imperative that you have a particular knowledge of the business you are to start to save you from stress. In addition, select the one you enjoy and that you’ve grown to love. 

Securing your capital

Sometimes, your line of business will be dependent on the availability of funds. Since the automobile trade industry involves pricey vehicles, you will definitely need to raise enough funds for your capital. In cases like this, you can apply for a loan from the bank or even ask for help from trusted family or friends. Some business owners also attempt to raise funds by seeking willing investors who believe in your company’s vision. 

Writing your business plan

A blueprint is required to build a house, and this is the same for businesses. Your business plan describes your company, its products or services, and how and to whom you will sell. It outlines how to market your company, grow it, reduce risks, and make money. 

Furthermore, this is helpful to keep you on track with your goals and objectives. You can use it to analyse your plan’s results and make appropriate adjustments. 

Knowing the laws and codes 

Being familiar with and knowing the different regulations, policies, standards and practices, warranty codes, and repair codes applicable in your jurisdiction is imperative when working in the motor trade industry. Knowing their ins and outs will help you avoid litigation and eventual lawsuit expenses. 

Getting insurance and trade license plate

It is also essential to apply for motor trade insurance. Not only is this a legal requirement, but it will also help you get covered from both public and employer liability. Furthermore, it will protect you from severe financial damages that you may face down the road. 

Matrix Insurance will create a motor trade insurance in Perth tailored to the Motor Trades industry and allows you to customise the coverage you require for your business. 

You should also apply for a trade license plate to save you from the hassle of registering and being taxed for every vehicle that comes in your possession. This is especially helpful when you sell, repair, and conduct test driving.

Knowing what cars to buy and sell

What we want can differ from what our clients want. Therefore, in planning what cars to sell, buy what you think your clients would love to own and not those of your personal preferences. Do your research to help you look for automobiles in demand in the market. 

You may also want to buy second-hand cars and then sell them. This is another business model that can help you gain a lot of profit. If this is something you want to pursue, you can learn from attending auctions. These events provide opportunities for you to observe and learn about the trade. 

Doing marketing and advertisements

Once you have set up your line of business, vision, brand, and target audience, it is time to market. Your customers are your lifeblood, so you should put a lot of effort into reaching and accommodating them. 

In any business you do, it is a must that you know how to advertise and attract clients. Once you acquire them, you should also know how to keep them coming back. 

Therefore, you should always have a budget for marketing and advertisements. Fortunately, there are a lot of ways you can do this. You can advertise online, in newspapers, in magazines, on TV or radio. If you want to keep up with social media, you can start by setting up a website or Facebook page. 

Additional tips on growing your motor trade business

  1. Choose experienced marketers who know about sales, social media, copywriting, and branding.  
  2. Keep track of your income and expenses. If possible, employ an accountant or utilise online accounting tools. 
  3. Keep training and learning. Attend training and seminars to fill the gap on things you are not so adept with your motor trade business. 
  4. Take other loans or financing options if you want to expand your business. However, choose those with the lowest risk. 

Overall, putting up a business is challenging and risky. This is not a smooth and upwards road filled with wins. There are a lot of growth and high-income opportunities in the automotive trade business. However, you first need to plan appropriately and ensure you are working with the best team. 

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