Silva Vinh sedan, 2017-09-03 19:31:50. The author of a well-read and well-circulated financial blog, the Simple Dollar, wrote that you should put money down on a car in order to avoid GAP insurance. What is GAP insurance? GAP insurance stands for Guaranteed Auto Protection and is a supplemental form of auto insurance that covers the GAP between the residual value on the car if it is totaled out and the loan amount on the car. GAP insurance is an additional expense especially if you purchase a car that does not hold its value over the long run (as most dont) but is it worth giving up $3000-5000 cash to avoid the premium? Of course not. And heres why. Cars are depreciating assets. As a rule of thumb they lose 10-25% of their value each year for the first 3 years. Putting any money down on a car, therefore, is a lot like taking a roll of Benjamins into your bathroom, lifting the lid and flushing 30 to 50 of those bills down the toilet. Any money that a new car purchaser puts down will not translate into equity in that car, but will disappear into thin air the moment the new owner drives that car off the lot. GAP insurance on the other hand is a relatively small expense a consumer may or may not choose to assume. Should the consumer choose to get GAP insurance, it is based on the value of the new car and the expected depreciation. For the top-ranked cars in terms of the least depreciation, GAP insurance will cost the least. For the cars that depreciate the most, GAP insurance will cost the most. Kelly Blue book posts an annual list of cars that depreciate the least. Doesnt car insurance offer full coverage for a car? No it doesnt. Insurance companies are smart, they wont pay more than a vehicle is worth. Consumers do that. Car insurance will only cover the residual value of a car in the event of an accident, not the full loan amount owed on a car. Pay $20,000 for a new car and wreck it in the first year, your auto insurance will cover only the residual value of that car. If that residual value is $15,000 and you owe say $18,000 you are on the hook for the $3,000. Here are the basic things you can do to avoid this depreciation calamity and hang onto your money:
Euanthe Alya sedan, 2017-09-18 04:22:56. People have varied opinions about buying used cars. For some people it was reasonable to purchased Japanese used cars compare to brand new since the condition is as good as the new one. Though there are some people who still prefer to buy new one because of their status in life and society, buying used cars in Japan is a smart step. Here are 5 good reasons why you should buy used cars from Japan:
Lehua Kyllikki sedan, 2017-07-06 16:55:40. After you have made your mind on a specific model, check out the standard specification of your car. As specifications vary from country to country, it's important for you to compare the different specifications of the same car provided by different countries. You should choose the options you want in your car to keep its price comparatively down.
Sela Anamarija sedan, 2017-07-06 08:09:33. It's probably best to use a paper towel and clean around the filler caps before removing. Trash, dirt, or water can cause a lot of problems with your brake system. so, take extra time and effort in cleaning when we work on the brake system, especially the master cylinder. If the brake fluid in the master cylinder with the small round caps is up to the ring at the base of the filler neck it is okay.
Kadri Janan sedan, 2017-07-07 21:41:35. *Re-charge stations require 30 minutes for a charge, where one done at home can take 7 hours. There are no CO2 emissions with the electric cars but one has to wonder how much more CO2 is created at the power plants at times of charging.
Aggie Lala sedan, 2017-07-06 07:30:46. irtrae safety featursoso h 91 arrnualtasision is sadt eabthr o e Itt i ooee ttaattthe aaviigatioon systtem sshhr o roggram
Aggie Lala sedan, 2017-07-08 21:00:53. Your first job in any restoration project is to assess the condition of your car. Make a list of obvious jobs that will need doing; bodywork holes, rust, mechanical condition, etc. Once you have this list you will start to have an idea of what your task will involve.
Rashmi Jameela sedan, 2017-07-06 12:34:24. Aston Martin Virage is designed out of the bound of time. This car presents a perfect combination of the great design and engineering technology of Aston Martin. This car is powered by 48-valve all-alloy quad overhead V12 camshaft engine with the capacity of up to 5935 cc. This car can produce power up to 500bhp and can reach 0-60miles within 4.5 seconds. This car is often known for its great design and look. The body of the car is made up to Magnesium alloy, aluminum and composite body. Aston Martin Virage will enjoy the same status, even after a decade.
Mireille Felicia sedan, 2017-07-06 21:21:26. The answer is; all kinds of vehicles in all price ranges from pick-ups and SUVs, sports cars and convertibles as well as luxury cars.
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