Bankrate’s insurance editorial team reviewed the facts you need to know to answer the question, is it cheaper to insure a new or used car? What’s the difference between insuring a new car vs a used car? Are ne
Insurance costs for a used vs new car can be slightly different. The article outlines a few tips on how to save money when buying used car insurance and more. Continue, Used car insurance: A buyer's guide 1 2 3Footnote1 Kelley Blue Book, “How to Beat Car Depreciation”, September 202...
Outside of Bankrate’s new versus used car calculator, you should consider some major factors when determining what type of driving experience you require. Your budget: When you crunch the numbers to determine how much car you can afford, look beyond the monthly payment and insurance. Include...
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As you focus on that monthly budget number, be sure to include the costs of gas, insurance and upkeep. Calculate how much car you can comfortably afford 2. Is buying a new car appropriate for you? If you’re thinking about buying a new car, here are some specific steps you can follow...
Nobody wants to spend money on what amounts to an insurance plan if it isn’t needed. Used cars do break down eventually. If you have a comprehensive, “Top-Tier” used car extended warranty plan, there is little doubt that it could be very useful to you over the time you own the ...
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new car than to repair the used one. Keep in mind that the car’s value is going to go down over time as well. Having a general idea of how much your car is worth now and how much it is likely to depreciate can give you some insight intohow much insurance coverage you need. The...