Monthly Archives: February 2013

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Buying A Car That’s A Couple Years Old Can Help You Save A Lot Of Money

Brand-new cars are extremely attractive especially sitting in one for the first time but there are good reasons to purchase one that is a couple of years old. My nanna told me years ago that I should never buy a new car. She believed I would be better off finding a car a couple of years old with lower mileage. Based on her reasoning, any kind of car I acquired should be running well and if there had been anything needing attention, this would already have been carried out.

Even though this made sense to me and I have been living by that concept ever since, there can be other reasons why buying a car a few years old is a good choice. I will now examine the savings that can be made when you buy a car that has been on the road a while and yet still relatively new.

The fact that a new automobile’s value diminishes by thousands once you have driven away from the car dealer is a factor you have maybe not thought about. A sale transaction of say $25,000 for a new car will not have been good for you even though you think it was. As soon as you leave the car showroom, a new valuation of $20,000 could be the asking price for your car. In fact during that first journey you could have taken a hit of $5,000 and this occurred in just a few minutes of time.

Go on and purchase a brand-new car if you feel I am being extreme. If you do, simply travel in it straight to your home. Head off to the showroom the day after and check out what value they put on your car then. More than likely for that $25,000 car you invested in yesterday they will offer only you $15,000 to $20,000 for the trade in value.

This is still the industry norm for many years. This is shifting in a number of situations where there is a thirty day window to get a 100% trading in valuation for your car from the original dealer. But as soon as those 30 days are over, you are out of that $5,000 no matter how you look at it. And in case you try to sell the automobile outright you may end up losing even more than that.

Now if you buy a car that is a couple of years old you won’t be losing that instant devaluation when you drive it off the lot. Not forgetting like my grandmother explained, any bugs the car may have, will have been figured out by then. The value for money associated with a lower mileage older car is greater than purchasing a new car from a automotive dealer when you take all of this into consideration.

This is simply something to bear in mind the next time you are thinking about getting a new car. It’s possible to come across great value if you’re able to resist the temptation of a brand new car.

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Tips On How To Get Cheap Car Insurance Rates

Buying automobile insurance can be an ordeal if you don’t understand the terms and how insurance works. It isn’t rocket science but you will need to do some research, so you don’t lose money. You’ll also need to make sure your vehicle gets enough coverage. The tips in this article will help you find the right insurance for you.

If you want to buy aftermarket parts or decorations for your car, ask your agent about the insurance consequences. You may find, for example, that the $2,000 you spent to upgrade your car into racing form actually added less than $500 to the vehicle’s appraised values. Should the vehicle get stolen, you’re out the difference.

Don’t just buy the first insurance policy that you see; take the time to look at everything that is available to you. Even though insurance companies all have access to the same information in your driving record, they use it differently to decide what to charge as an insurance premium. You can save a good deal of money by consulting with several competitors.

Cheap insurance, though attractive, is not always the best choice depending on your needs. Cheap may mean just that or it could be what you need. That is why you need to do proper research and verify the company’s reputation, as well as the terms of the coverage you are buying.

You can find a statistic called the “consumer compliant ratio” on the insurers in your state. This number reveals the percentage of complaints for a given provider.

Car Insurance

By now, you will have realized that buying car insurance can be more complicated than is usually assumed. It will pay off in the long run to do your research on insurance. Keep the above advice in mind the next time you have to get car insurance, and you are sure to make wiser choices.