Dealerships often advertise things like “no money down" or "low monthly payments” to get you in the door. Remember that the duration of your loan directly affects the total purchase price. A longer loan, therefore, may mean a higher purchase price regardless of what incentives … [Read more...] about Avoid overspending on a car loan by reading the fine print
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Buy only what you need and be realistic about what you can comfortably afford
Luxury cars are nice, but that luxury comes at a steep price. Consider, for instance, if a fancy Lexus is worth the cost - or if the very similar Toyota (made by the same company and offered with many of the same options) will suffice. Similarly, consider if a gas-guzzling SUV is … [Read more...] about Buy only what you need and be realistic about what you can comfortably afford
Get rid of collision coverage on older or more worn-out cars
Whether your car is older, has very high mileage, or is more worn & outdated, the bottom line is that if your car doesn’t have a high re-sale value, comprehensive collision coverage can be a waste of money. If the annual insurance premium is more than 10% of the current value … [Read more...] about Get rid of collision coverage on older or more worn-out cars
Maximize savings by finding out what insurance discounts you might be eligible for – these can really add up
Many insurance companies offer “multi-line” discounts to cover multiple drivers and cars in one household or to insure a customer's home or life insurance along with car insurance. Purchasing more than one policy from the same company can add up to savings on insurance. In … [Read more...] about Maximize savings by finding out what insurance discounts you might be eligible for – these can really add up
Save up to $225 per year on car insurance by raising the deductible
Raising your deductible from $200 to $500 for collision insurance can save you 10% to 30% on your premium, which is a potential savings of $50 to $225 per year.A LOZO expert posted this tip. … [Read more...] about Save up to $225 per year on car insurance by raising the deductible