Automobile Financing |
| Buying a automobile, truck, or motorcycle is one largest financial transactions of most people's lives. That's why getting the right financing is so critical. At Ins-Policy, we're here to help you get the perfect loan. Within minutes after you apply you will receive multiple quotes. |
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| How can you find the loan that suits you best? By knowing what is available you can choose the financing that's best for your situation and make sure you're getting the best rate possible. |
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| Where to Start? |
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Begin with a budget. You need to know exactly what you can afford before setting out to buy a car. Go over all your household expenses, as well as cash on hand and your take-home pay and determine what you can reasonably afford to pay for a new car. This may be a good time to build a household budget.
Whether leasing or straight financing setting out to buy a car with just a ballpark monthly payment in mind can be a budget buster in the long run.
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| The general rule of thumb is if you're devoting more than 15 to 20 percent of your household income to transportation, you should probably scale back. |
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| Mistakenly some people sometimes think only in terms of the basic cash price, and others consider only of what the monthly payment will be. |
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Fact is both approaches are flawed.
There is much more to buying a vehicle than the initial cost, even if you are paying cash. |
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| Before you buy you need to consider, insurance cost, fuel costs, taxes and maintenance. A late model vehicle typically will mean higher insurance rates. Then again a used vehicle typically requires maintenance which may be needed sooner than you think. At the current price of fuel going from that small sedan to a flashy new SUV may not be the best option. |
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| Now as for insurance, below is a partial list of the most expensive and least expensive cars for theft claims, injury and collision.* |
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| Models that are among the most expensive for theft claims include: |
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- Acura Integra two-door
- Acura Integra four-door
- Jeep Wrangler
- Jeep Cherokee four-door
- Honda Prelude two-door
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| Models that are among the most expensive for injury claims include: |
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- Suzuki Esteem four-door
- Mitsubishi Mirage four-door
- Kia Rio four-door
- Mitsubishi Mirage two-door
- Kia Sephia four-door
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| Models that are among the most expensive for collision claims include: |
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- Lexus IS 300
- Hyundai Tiburon two-door
- Kia Spectra four-door
- Suzuki Esteem four-door
- Mitsubishi Mirage four-door and Audi A6 Avant Quattro station wagon
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| Models that are among the least expensive for theft claims include: |
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- Buick LeSabre
- Mercury Grand Marquis
- Buick Century and Saab 9-5 four-door
- Buick Park Avenue and Pontiac Montana
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| Models that are among the least expensive for injury claims include: |
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- GMC Yukon XL 1500 two-wheel drive
- GMC Yukon two-wheel drive
- Chevrolet Tahoe two-wheel drive
- GMC Yukon XL 1500 four-wheel drive
- GMC Sierra 2500 four-wheel drive
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| Models that are among the least expensive for collision claims include: |
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- GMC Yukon two-wheel drive
- GMC Yukon XL 1500 two-wheel drive
- Chevrolet Tahoe two-wheel drive
- Ford Excursion two-wheel drive
- Ford Escape two-wheel drive
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| Note: this description/explanation is intended only as a guideline. |
