I finally bought a new car

[bobosensei]

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.

[1Day@aTime]

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.

[The Walk of the Penguin Mich]

Aug 14, 2019 8:55:40 GMT -5 1Day@aTime said:

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.  

[Deleted]

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.

[andi9899]

If you get a car with a lot more safety features, it can drop.

[Deleted]

Aug 14, 2019 9:46:13 GMT -5 andi9899 said:

If you get a car with a lot more safety features, it can drop.

Full coverage for less than $38/month? 

[andi9899]

Aug 14, 2019 11:04:46 GMT -5 minnesotapaintlady said:

Aug 14, 2019 9:46:13 GMT -5 andi9899 said:

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.

[Deleted]

Aug 14, 2019 11:30:44 GMT -5 andi9899 said:

Aug 14, 2019 11:04:46 GMT -5 minnesotapaintlady said:

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. 

[andi9899]

Aug 14, 2019 11:31:54 GMT -5 minnesotapaintlady said:

Aug 14, 2019 11:30:44 GMT -5 andi9899 said:

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.