Posts Tagged car value
Car Insurance Secrets, 8 Secrets Your Car Insurer Won’t Tell You
Posted by in Uncategorized on January 19, 2010
Keeping your premiums from rising? That can feel like playing a game where the rule maker refuses to tell you the rules.*If you have good credit, you’ll pay less on car insurance. Almost all car insurers including the top five pull your credit report.Why? Studies have shown a direct correlation between your credit score and the likelihood that you will file a claim. Car Insurers also know that if you pay your bills in a timely fashion and have had the same credit accounts for a long time, you’re more stable than someone who pays late and frequently opens and closes accounts. Car insurers use this information to create your “insurance risk score,” which is one factor that determines your car insurance rate.Tip: Your car insurance risk score is not available to you, but it may be similar to your credit score. If you have unusual credit activity, wait a month for it to return to normal before buying car insurance.*Your car model affects your premium car insurance. You won’t get these numbers from your Car insurer. But the car insurers do have a rating system for every car make and model.Most use a system devised by the Car Insurance Services Office, which starts with the cost of the vehicle and then factors in safety and theft data.Tip: You can file a claim on your home insurance. Most home insurance policies will cover smaller, less expensive items such as compact discs.*Bad drivers will payYou’ll pay for your bad driving. The industry standard is to increase your premium by 40% of the insurer’s base rate after your first at fault accident. Not all car insurers play by this rule.Tip: Some car insurance companies have a forgive the first accident policy. So ask your Car insurance company if it has a forgiveness policy and how to qualify? .*You’ll pay for your friend’s bad driving, too. If your friend borrows your car and crashes it, you’ll have to file a claim with your car insurance company.Tip: If your friend didn’t have permission to take your car, in most cases you won’t be held liable for the damage. But if your friend is uninsured and causes damage that exceeds your policy limits, the injured party can come after you for medical and property damage expenses.*Your car’s real wortheach car insurance company has its own proprietary list of car values.The car insurance company may also ask local dealers what they’d charge for a similar replacement car.Tip: If you disagree with your car insurance company’s value determination, there are several things you can do:Next time, get gap insurance. It wil l pay the difference between what an car insurer will cover and what you owe.If you have maintenance records that show you’ve had the oil changed every 3,000 miles and you’ve had the car checked routinely by a mechanic.If you’ve been paying premiums on any special parts or upgrades, make sure those are included in the car insurance company’s evaluation.*Odds and endsHit by an uninsured motorist? Try to “stack.” (UM/UIM) coverages means collecting from more than one car insurance policy that you hold.Tip: Check the language of your car insurance policy to see if stacking is allowed.There are two scenarios for stacking: First, if you have multiple cars on your car insurance policy with UM/UIM coverage on each, you can collect the limit of your UM/UIM coverage under as many vehicles as necessary to cover full payment for damages.Second, if you have more than one car insurance policy with UM/UIM coverage, even if they’re from two different car insurers, you can make a claim under each policy until all your damages are recovered.*You can wait to add your teenager to your car insurance policy until he or she is licensed. Tip: Don’t forget to tell your car insurance company that you have a licensed teen. If you have to file a claim on his or her behalf, your car insurance company is entitled to charge you back premiums from the date your teen received a license.*You must officially cancel your car insurance policy when you switch car insurers. you can cancel your car insurance coverage at any time by notifying the car insurance company in writing of the date of termination. Tip: Call your car insurance agent and let him know you are canceling your car insurance policy. Give a specific date, or you may end up uninsured for a period of time.The car insurance company will send you a cancellation request. Most often, the form is already filled out and all it requires is your signature.
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Repossessed Used Cars For Sale
Posted by in Uncategorized on January 8, 2010
Repossessed Used Cars for Sale:
Buying a brand new car from the show room is good but while considering depreciation rate this simply means that about thirty to fifty percent of the cars value is gone and this explains why you would want to buy a used or repossessed car. Not only used car dealers can offer discounted prices from the original values of used cars, today repossessed car auctions are offering even better deals considering the fact that repossessed cars are sold not necessarily to make profits but to cover the losses undergone by banks for example from people who are unable to pay their bank loans.
Before visiting a car auction organized by banks or government it’s important to be aware of the latest retail prices of the cars you want to buy so that you can be sure not to miss out on any good deals available since you will find a huge selection of luxury cars some in near new conditions and in all models. These vehicles are considered liabilities and therefore the longer the banks or government authorities hold these vehicles in their possession the more money they loose in terms of car value and maintenance cost which explain the reason why there is serious need to dispose off this cars quickly and this is where the good deals come into place for the buyers.
It is quite easy to find seized cars at these repossessed car auctions going at unbelievable low prices, some going for twenty to fifty percent off the original car value. This is therefore a market which is worth exploiting where the buyer gets more value that what they pay for baring in mind that most of this cars are sold with their warranty still on. Click here to join.
