Driving a bunch of junk cars sometimes doesn't save much money. They can nickel and dime you to death. $300 here. $400 there. $1000 for a tranny rebuild. Having to pay tow bills or AAA membership costs (most new cars have free towing/roadside service). plus the decreased fuel mileage of older cars. The inconvienence/loss of pay of not being able to get to work when your car's dead. Worrying about potentially being stranded. On and on. It adds up.
Case study/some math: person A bought an '04 Kia Rio 4 door sedan with a 10 year powertrain warranty for $9740. If you put $500 down, at 6% and finance the balance for 60 months, your payment will only be $189/month. It averages 30mpg in a combo city/highway scenario. person B owns a '92 Cavalier that gets maybe 20mpg.
Gas cost: if both people average 1200 miles a month, person B will pay $40 more per month for gas (assuming $2/gallon).
Repairs/AAA membership cost: AAA costs about $20/month? Repairs for the '92 Cavalier will run, per year, averaged out, maybe $1000? could be a lot higher or lower. But $1000, or about $83/month.
Resale value: person B's car after 5 years will be worth next to nothing, maybe a few hundred, but person A's car will probably be worth about $2500 or so (after 5 years when it's paid off). So person A will have $2500 in equity built up. extropalted out over the 5 year ownership period, that's worth $42/month.
Analysis: person A is out $189/month but has a nice, clean, dependable, under warranty car to drive and has no worries about it breaking down. and will have about $2500 in equity when the car is 5 years old (or $42/month in value). person B is out $143 a month (when you add up increased fuel costs, AAA, and repairs).........so person B only saves a few bucks a month and has to drive an old car.
Conclusion: brand new economy cars are almost as cheap to own as used cars. Especially if the used car is a larger car that gets a lot less fuel mielage than the new economy car.
what is best ? Used Or New
Used And New Cars News
Every month, 1000s of cars become government & bank property through various seizure/surplus laws. Because of the constant influx of vehicles and the enormous expense to store them, the cars must be sold fast and cheap! Buy direct from the sources and save considerably! Bids on new and used repossessed and fleet vehicles start as low as $100!
Local Seized Auction
Every month, 1000s of cars become government & bank property through various seizure/surplus laws. Because of the constant influx of vehicles and the enormous expense to store them, the cars must be sold fast and cheap! Buy direct from the sources and save considerably! Bids on new and used repossessed and fleet vehicles start as low as 90% off book value!
Japanese Car Auctions
Japanese Car is very popular in all cars because they are very good quality economical car. You can get your Japanese car by many ways. Is there any reason for importing Japanese car, can you buy nearby you? Can you save money by importing Japanese car?
These above questions are the main reason for importing a car rather than the buying in your local market.
Japanese car auctions are the way to buy the Japanese car in Japanese market and import in to your country.
There are many car exporters that can buy you Japanese car at auctions in Japan. These exporters access thousand of Japanese car every day so you should be sure that you are not going wrong side for your favorite car. You can get your car in auction over internet. You can get access relevant information of Japanese car over internet after registering on many website related to Japanese car auction. you can even bid on car on those websites. I recommend Autoadvan as your Japanese car exporter. Your buying agent will send of information of car and picture to you. When you are happy with any car, your agent will bid on car in Japanese car auction. If you win the auction your buying agent will send all the docs in order to register the Japanese car. Once your car has left the Japan, it is up to you to get the car imported and registered. After importing the car you can pick your car from warehouse. You can save thousands dollar when you compare the auction price from local dealer price.
Japanese Car Import Insurance
After importing the Japanese car, you can think about its insurance. If you buy a car manufactured in UK, your car insurance premiums could be very high. One of the most problems you could face with Japanese sports car. If you are going for Japanese car imports, don’t go for first option you find. Investigate as much as you can. Many insurers will refuse to insure you because they are limited to insure only cars which are general trends in the market. Well, you can find very specialist insurer who can insure you at very good price.
There are some consideration which is apply when you are looking for your Japanese car insurance
1- limiting the no of drivers
2- Car should have reduced mileage.
3- You should keep the car in garage over night.
If you are keeping follow these steps, your insurer will definitely reduce your premium.
Japanese car import insurance is very specialist area. It doesn’t mean that you should accept first quote on your way. Continue your search until you find your insurer who insures you by covering your maximum need at a very competitive price.
Tips to lower your car Insurance Costs Car Insurance
Shop Around Always get at least 3 price quotes. Ask your relatives and friends for recommendations. Do some Internet research. Prices will always vary from insurance companies.
Clean Driving Record - This is the most basic principal to lower car insurance. Avoid speeding tickets and accidents. To insurance companies these things signify risk and risk assessment is how they figure your end insurance costs.
Ask for Deductibles, as Deductibles are what you pay before your insurance policy kicks in. By requesting higher deductibles, you can lower your costs substantially.
Buy your Homeowners and Auto Coverage from the Same Insurer Many insurers will give you a break if you buy two or more types of insurance. You may also get a reduction if you have more than one vehicle insured with the same company. Some insurers reduce the rates for long-time customers. But it still makes sense to shop around! You may save money buying from different insurance companies, compared with a multi-policy discount.
Since insurers are using credit information to determine the price of auto insurance policies, paying your bills on time to sense you have a sense of how to handle your finances can help to bring down insurance costs.
Those are a few common-sense tips to help get your premium costs down.Try implementing those and you will be pleasantly surprised at the difference they can make