Most people aren't going to 'buy' insurance in any form for 'totalling' a car within a year....the probability of that happening, unless you are a terrible driver, is small enough as to not be significant. I don't buy house insurance with the expectation of total house loss...maybe $5000 in hail damage every 10 years in Texas....Most car accidents are fender benders...if you total a car, you might be totalled as well.....It is a possibility that seems only obvious to a car salesman when trying to foist high expense insurance on you....like the salesman at the appliance store who insists 'you gotta have this extended warranty for only the amount equal to your purchase......or, for that matter, at the car dealership trying to sell you an extended warranty..... gosh, if the dealer is so concerned about you totalling your car, you'll never get to the extended warranty part..... <grin>When they pull that 'extended warranty' on me, and tell me how much I need it, then I say, maybe I just shouldn't buy it if it is so unreliable...and start to walk away....you'd be amazed at suddenly how they insist that it's really very reliable and trouble free........Done that with car dealers too...tell them I won't buy the car if it is so unreliable...........that it needs an 'extended warranty'....tell them I'll buy a Honda because they never break.... ho ho (not true) but it is good anti-car salemen ammo....Best yet is to pay cash for your next car..then you don't have to worry about financing at all!....My first used 3 year old car was financed....paid off in 1 year....second car was half financed (1 year old used).....3rd car was bought for cash, 7 years after I graduated from college..not married with kids, so that makes a difference.....t.
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