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a rented car; "she picked up a hire car at the airport and drove to her hotel"
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Buying A New Car - Getting It Right
By David Neehly
A new car is a major expense in anyone’s language. You only have to consider that what we now spend on an average priced new car is roughly what our parents spent to buy a new house a generation ago. Read more...
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Car Gap Insurance
By Marilyn Katz
Most of us know that a new or used car will depreciate by about twenty percent the minute we drive it off the lot. So unless you put 20% down on your auto loan, you stand to owe considerably more than the value of your car for quite some time. If you buy a moderately priced car of $20,000, then your loan could be for $4,000 more than the price your vehicle would be valued at. Cars are getting more expensive, and many of us are taking out loans for one hundred percent of the value of the loan!
However most insurance companies consider the value of your car to be your book value, and not your loan value. This may seem unfair since your loan may require you to keep comprehensive insurance! However, if you car is wrecked or stolen within the first year, and your insurance only reimburses you for book value, you could owe thousands of dollars on a car that you cannot drive. You will still be responsible for the balance of the loan no matter what amount your inssurance company pays if they choose to total your car.
To protect yourself against an insurance company decision to total your car, you should consider buying car gap
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insurance. This type of insurance will pay off the balance of your auto loan. However car dealers often charge $500 - $700 for this type of insurance. You do not have to buy auto gap insurance at the dealer! You can buy the very same sort of gap insurance online and direct for less than $300. Gap insurance is available in the US, UK, and other countries. As cars get more expensive, people finance larger percentages of their auto purchases, and often finance 100%, so gap insurance is becoming a very popular option. If you want to protect one of your most expensive investments, you should consider automobile gap insurance. Article Source: http://www.article-matrix.com Save Money on US Car Gap InsuranceUK and European Car Gap Insurance
New Car Loans – How Much Can You Afford To Borrow?
By Carrie Reeder
Before you start car shopping, first figure out what you can afford for a car payment. Look at your budget, research auto loans, and investigate lenders. Once armed with this information, you can Read more...
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Dodge Magnum Rt 2006 Car Review
By Andrew Kier -
The new Magnum is a great looking car that will get your neighbors talking as you rumble around the block. The unique styling of the Magnum will also attract gawkers in the form of 18-22 year old Read more...
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Car Maintenance And Repairs
By Donald Taylor
Driving an automobile is a luxury that most of us take for granted. Automobiles are the primary means of transportation in United States, with ninety percent of American adults owning or previously Read more...
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Little-known Way To Save Money On Your Car Oil!
By Dr. Drew Henry
Imagine if you could save anywhere from $10 to $20 dollars on your usually very expensive oil change doing something very simple. Interested?Here’s how: Every 3000 miles completely drain out Read more...
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