bobosensei
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Joined: Dec 21, 2010 11:32:49 GMT -5
Posts: 1,561
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Post by bobosensei on Aug 14, 2019 7:07:23 GMT -5
I went to see a couple of used Volvos, but ultimately ended up with a new 2019 Accord ExL. Compared to my 04 Civic it is like driving a spaceship. I financed it all at 3.19%, and am not looking forward to having car payments again. Insurance goes up about 20 bucks which is amazing because I had to go to a 500 deductible and add comprehensive and collision.
Currently in process of donating the old Civic and trying to hurry so I can cancel the insurance.
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1Day@aTime
New Member
Joined: Mar 15, 2011 15:44:39 GMT -5
Posts: 49
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Post by 1Day@aTime on Aug 14, 2019 8:55:40 GMT -5
Awesome! to both the new car and donating the old one. I hate car payments too which is why we are holding out as long as possible. Ours are still fairly reliable though and technically we make a "car payment" to ourselves every month. The money's there if we want to pay some cash or if the interest rate is low enough, finance like you with a good rate. Insurance never goes up as much as I think it will with newer cars. Is it all the safety features, statistics on the particular car or all the above along with someone's age/driving history obviously? I've heard that a deductible on a financed car can't be more than 500 but I've always selected the max (2000 maybe?) and no one has ever caught on or said anything.
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Post by The Walk of the Penguin Mich on Aug 14, 2019 9:29:43 GMT -5
Awesome! to both the new car and donating the old one. I hate car payments too which is why we are holding out as long as possible. Ours are still fairly reliable though and technically we make a "car payment" to ourselves every month. The money's there if we want to pay some cash or if the interest rate is low enough, finance like you with a good rate. Insurance never goes up as much as I think it will with newer cars. Is it all the safety features, statistics on the particular car or all the above along with someone's age/driving history obviously? I've heard that a deductible on a financed car can't be more than 500 but I've always selected the max (2000 maybe?) and no one has ever caught on or said anything.
When I bought my new car in 2007, my insurance (with the same limits) actually dropped! I was going from a 2003 Sentra to a 2007 Forester, the Forester roughly 2x the cost but with better safety features.
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Deleted
Joined: Apr 26, 2024 21:52:26 GMT -5
Posts: 0
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Post by Deleted on Aug 14, 2019 9:37:49 GMT -5
I don't know how my insurance could drop going to a new car. Especially with adding comprehensive and collision. I pay $38/month on the one without that. $60/month on the one with collision.
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andi9899
Distinguished Associate
Joined: Dec 6, 2011 10:22:29 GMT -5
Posts: 30,389
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Post by andi9899 on Aug 14, 2019 9:46:13 GMT -5
If you get a car with a lot more safety features, it can drop.
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Deleted
Joined: Apr 26, 2024 21:52:26 GMT -5
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Post by Deleted on Aug 14, 2019 11:04:46 GMT -5
If you get a car with a lot more safety features, it can drop. Full coverage for less than $38/month?
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andi9899
Distinguished Associate
Joined: Dec 6, 2011 10:22:29 GMT -5
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Post by andi9899 on Aug 14, 2019 11:30:44 GMT -5
If you get a car with a lot more safety features, it can drop. Full coverage for less than $38/month? It can happen. I've seen it before multiple times. There are a lot of things that go into determining your rate, but if the stars and moon align, you can get a dirt cheap rate. However, you said you pay $60/month for full coverage. The other one you said had no collision, so it really doesn't have full coverage.
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Deleted
Joined: Apr 26, 2024 21:52:26 GMT -5
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Post by Deleted on Aug 14, 2019 11:31:54 GMT -5
Full coverage for less than $38/month? It can happen. I've seen it before multiple times. There are a lot of things that go into determining your rate, but if the stars and moon align, you can get a dirt cheap rate. However, you said you pay $60/month for full coverage. The other one you said had no collision, so it really doesn't have full coverage. I have two vans. OP said she went from liability only to cheaper for full coverage so I was comparing my liability only van.
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andi9899
Distinguished Associate
Joined: Dec 6, 2011 10:22:29 GMT -5
Posts: 30,389
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Post by andi9899 on Aug 14, 2019 11:38:19 GMT -5
It can happen. I've seen it before multiple times. There are a lot of things that go into determining your rate, but if the stars and moon align, you can get a dirt cheap rate. However, you said you pay $60/month for full coverage. The other one you said had no collision, so it really doesn't have full coverage. I have two vans. OP said she went from liability only to cheaper for full coverage so I was comparing my liability only van.
I see. It can still happen. I've written a lot of car insurance in my day. I would prefer the premium to be higher so the commission would be higher, but it is what it is. At least I knew those customers would never leave me.
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