Monthly Archives: May 2013

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Getting A Car That May Be A Couple Years Old Could Help You Save A Lot Of Money

Brand-new cars are very attractive especially sitting in one for the first time however there are good reasons to purchase one that is a couple of years old. I was cautioned against acquiring new cars by my own grandma many years ago. She believed I could possibly be better off finding a car a couple of years old with low mileage. Based on her thinking, any 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 theory ever since, there are actually other reasons why buying a car a few years old is a good choice. I will now expand further on the reason why buying a car that is not too old can result in saving you lots of money.

The truth that a new automobile’s value decreases by thousands once you have driven away from the car dealer is a factor you have maybe not thought about. Maybe you imagine you have bought a car that is the best value for money if you paid $25,000 for instance but in reality you haven’t. Once you leave the car showroom, a new valuation of $20,000 could be the asking price for your car. So in a matter of a minute or two and a few miles you just forfeited $5,000.

If you think I am exaggerating, go and get a new car. If you do, just travel in it straight to your house. Then the next day bring the car back in the dealer and ask them how much you can get for a trade in. With regards to trading in the car you might expect anywhere between $15,000 and $20,000 and this is for a car you got for $25,000 the day before.

This is still the marketplace standard for many years. This really is shifting in a few cases where there is a thirty day window to get a 100% trading in valuation for your car from the original dealer. In essence, after 30 days, you still have to acknowledge that you are looking at a loss of $5,000. You could even make a bigger loss if you try to get a buyer for your car yourself.

A two year old car will not likely bear that kind of deficit when you are purchasing it from a car dealer in the same way. In cases where there have been issues with the car these should have long been solved as my grandmother originally stated. The value for money of a low mileage older car is higher than purchasing a new car from a car dealership when you take all of this into consideration.

It’s simply something to keep in mind the next time you are thinking about getting a new car. You may need to forfeit the attraction of a new car to wind up with the most cost effective transaction.

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Looking For Car Insurance Help? Get That Help Here!

Vehicle insurance is a critical decision for all car owners. Finding the best car insurance is not easy. You’ll want to look around and find proper coverage at an affordable cost. Do the research to make sure you are getting what you need at the best price. Read on to find out how you can get the best car insurance to suit your needs and budget.

Make sure you shop around before buying your insurance. Each company uses a different formula, based on your answers to their questions and previous driving records, to figure out what your insurance premium is. By researching many competitors, it becomes easier to find a good deal and save money.

People think that the cost of insurance always goes down after people turn 25, but this is not always the case. However, your insurance rates will actually start going down once you’re 18, as long as you keep driving safely.

Insurance Rates

Letting your auto insurance coverage lapse will raise your insurance rates. You can create gaps in coverage easily by moving from one insurance carrier or policy to another one. When companies find out about gaps they will raise insurance rates.

Begin by taking an honest look at at the kind of insurance coverage that you actually need. Coverage varies widely, giving you lots of options, although many of them will not apply to your situation. If you car is worth something, however, you will need to get collision coverage to replace or repair your car in the event of an accident.

As It was mentioned earlier in this article, before purchasing auto insurance it is important that you do enough research so that you know the specific type of insurance you need. With the right info, you can find great car insurance at a good price. Use the tips given in this article to guarantee you find the best auto insurance coverage possible.