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Tag Archives: car insurance

5 Things You Need To Know Before Buying a Second Hand Car

tips for purchasing a second hand car

Buying a used car is a great way to save money, but you could end up in financial strife if you don’t follow a few simple steps. Way before you step foot inside a car dealership or visit a private seller, there is plenty of research to be done to make sure you get a good car at a fair price. Here are five tried-and-tested tips for buying a second hand car:  1) Set a budget One of the most important factors in car sales is the price. It’s always best to set your budget before you begin and avoid being tempted by a flashier model with a heftier price tag. Be sure to consider not just how much you can afford to spend on the vehicle itself, but also on registration, maintenance and car insurance. Once you have set your budget, the real trick is sticking to it. Think about the minimum and maximum you’re willing to spend, and try to find a happy medium between the two. This may help you avoid overspending when it comes to crunch time.  2) Do your research Knowledge is power, so make sure to research the car models you are interested in to get ...

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Five Reasons Why It Costs To Take Financial Shortcuts

Taking financial shortcuts may seem intelligent at the time, especially if you need to save money in any way possible. However, in most cases looking for shortcuts can end up costing you more money in the long run. Here is a look at five occasions where taking financial shortcuts is a huge mistake. 1. Liability Insurance Too many businesses are casual towards liability insurance. Instead of doing everything possible to get liability coverage, they will neglect this aspect of their insurance plans. For example, if you are running a business as a small contractor, it is almost certain that you will need liability insurance. Any number of incidents could take place when your team is working at a job. If a worker gets injured while doing a construction job for you, they could sue you and say the injury was due to poor working conditions. In such a situation, being without liability insurance could cost you tens of thousands of dollars. 2. Skimping on Health Insurance Getting the cheapest possible health insurance plan possible may seem a smart idea at the time, but it can often back fire in spectacular ways. Imagine that you get the cheapest plan, but then ...

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10 Cheapest Cars to Insure

cars that are cheap to insure

There are several ways to save money on auto insurance: driving safely, taking a driver’s education class, limiting your annual mileage or even buying a different car. Anything that decreases your risk of filing a claim will cause your rates to go down. For most people, a car is a long-term investment, and it’s not reasonable to change it just to get cheaper car insurance. If you’re in the market for a new car, though, it may be worthwhile to shop for a vehicle that will be cheap to insure. Over the life of your vehicle, you can save thousands. Here are 2013’s cheapest cars according to a study by Insure.com. 1.) Ford Edge SE  2.) Jeep Grand Cherokee Laredo 3.) Subaru Outback 2.5i Premium 4.) Kia Sportage 5.) Jeep Patriot Sport 6.) Chevrolet Express 1500 7.) Subaru Outback 3.6R 8.) Hyundai Tucson GLS 9.) Ford Explorer 10.) Hyundai Tucson GL For the first time in many years, minivans have been nudged out of the running by SUVs and cross-overs. The conventional wisdom has always been that minivans are the cheapest vehicles to insure, but the growing popularity of cross-over SUVs has helped drop their insurance cost. Because SUVs are ...

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Is Buying A Used Car The Smartest Form Of Car Shopping?

The following is a guest post. If you are interested in submitting a guest post, please read my policy and contact me. Buying a car is one of the top investments that you will make in your life – perhaps the second most significant one after purchasing a house. After all, when you cannot afford to purchase the vehicle outright, you are also committing to a number of years paying off a loan. One of the primary decisions that you need to make is whether you want to buy a new or used car. Buying a used car is a smart choice for the following reasons: Affordability – when you buy a car that is just slightly used, there is a substantial cost savings. Cars depreciate the most in the first couple of years, according to Bankrate. The moment you drive the car off the lot, its value declines by thousands of dollars. Once it’s off the lot, it is only worth the dealer’s wholesale price; a fast depreciation from the retail price that you paid for it. This is because the dealership would not offer you anymore than the wholesale price if you decided to return it. Certification of ...

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