Few things bring down the joy of driving a new car like discovering it costs significantly more to insure than your previous vehicle. Insurance is a necessary and important part of owning or leasing a car, but that doesn’t mean it has to ruin your budget. When shopping for a new car, an important yet often overlooked step is […]
To buy or to lease. For people looking to drive a new vehicle, it can be a difficult question. Leasing has become an increasingly attractive option in recent years. Since almost all cars are pretty poor investments (even if they don’t breakdown), leasing reduces the commitment, allowing you to drive a brand-new car without having to cover the $20k+ sticker price.
Cars provide a lot of convenience to our everyday lives. That convenience, however, comes at a cost. In addition to purchasing the vehicle, you need to fuel it, maintain it, and insure yet. Even if you do all of those things, it may suffer from an unexpected breakdown. After all, cars are complex machines with countless parts
Despite what commercials try to tell us, giving a car as a gift for Christmas is a rare thing. After all, cars are a large commitment. Not only is there the upfront expense, but they come with on-going costs such as repairs, insurance, monthly payments, etc. In fact, Saturday Night Live recently parodied the idea of surprising someone with a new car for
Standard car insurance policies typically provide coverage for physical injuries, property damage, and other people’s vehicles. If you want coverage for your own car, you’ll need collision coverage and comprehensive coverage. Collision insurance provides coverage for your car should you hit another vehicle or an object such as a light pole. Comprehensive insurance, on the other hand, covers damage from weather,
Today’s car insurance policies are fairly customizable. While the state of Ohio requires all car owners to have a minimal level of protection, it’s likely in your best interest to add additional coverage. If you’re leasing a vehicle, you will almost certainly be required to include add-ons such as collision and comprehensive coverage. As we talked about in
Car insurance policies are highly customizable. Unfortunately, when people sign up for a policy by themselves, they often check whichever boxes keep their monthly cost the lowest. This can leave them seriously under covered. On the flip side, there are occasions where people actually sign up for more coverage than they need. Though less common, it is possible to be paying a high amount of
For some people, leasing a car can offer some distinct advantages. First and foremost, it comes with a much lower out of pocket expense. Additionally, the monthly payments on a lease tend to be lower than a traditional car loan payments. While you don’t get ownership of the vehicle, and you’ll have a cap on the miles you can drive, lease
Do you have a special vehicle you keep tucked away under a cover for most of the year? Is that vehicle a few decades old? Do you only bring it out for special events and showings? If said yes to all three of those, then you likely have a classic car on your hands. And if you have a classic car, you’ll
Almost everyone would like to pay less money for their car insurance. Unfortunately, there isn’t one insurance company that is automatically cheaper for everyone. The cost of car insurance from a particular company is highly situation, depending on where you live, what you drive, what your record is, and more. The cheapest company for one driver may be different