Rental Car Insurance

Rental Car Insurance: Do You Really Need It?

When you’re renting a car, the agent will probably ask if you’d like the optional rental car insurance. This insurance is designed to protect you against any financial or other risks should you get into an accident. You don’t have to purchase it from the car rental agency. Other sources include a third-party company, your Read more

Auto Insurance

Auto Insurance: How It Works

Auto insurance is one of those things you always have to get but hope that you never need. For most states, it’s a mandatory cost of operating your car; but that doesn’t mean that you buy it and forget it. Your insurance policy must have a minimum amount of coverage based on the state you Read more

Used vs. New Car

Buy a New Car or Keep the Old One

Classical financial advice is to run your existing car to the ground as cars keep you poor. However, what about all the repair costs and the stress about the car being broken when you need it the most? It would be nice to upgrade your ride and have the security of a new car. So, Read more

Car Negotiation

New Car Negotiation Tips that Work

After you have made all the calculations and prepared for the process of buying a new car, you need to understand how to negotiate correctly before actually going to the dealership. Follow these new car negotiation tips to buy a car cheaper. Psychological Car Negotiation Tips Remember that salespeople are regular humans. They are just doing Read more

Car Ownership Types

Car Purchase Options Explained

Did you know that buying a car is one of the most significant decisions influencing your entire financial situation? For a purchase this large, you should always look at the total cost of car ownership. One more vital factor to consider while purchasing a vehicle is how to buy the car the “right” way. We’ve Read more

Do You Even Need a Car

Do You Even Need a Car? Owning a Car vs. Uber and Other Alternatives

There used to be two hallmarks that showed a comfortable quality of life: buying a home and purchasing a car. Today, many people are questioning whether they need a car. Maybe the money that would have been spent on a vehicle could be put somewhere with better returns. Perhaps you prefer a more environmentally friendly Read more

True Cost of Car Ownership

What Is the True Cost of Car Ownership?

The actual cost of car ownership goes much further than your monthly payments. Cars need consumables, like gas, brakes, and tires. To keep them street legal, you will also need to pay for insurance and registration. On top of all of that, you also have depreciation expense or how much value your car loses. The Read more

Buying a Car

Should I Buy a Car? Factors to Consider

You may be wondering, “Should I buy a car?”. Did you know that, outside of buying a home, this will be the most expensive acquisition you’ll ever make? When purchasing a car, you’ll make important decisions that will impact your immediate and long-term finances. That’s why it’s best to consider several important factors before settling Read more

Car Purchasing Options

Car Purchase Options (Chapter 2)

Exploring Car Purchase Options The worst financial decision you can make is concentrating on the car payment and not seeing the whole picture. It can literately wipe off a million of your retirement nest egg. In the previous chapter, we talked about all of the costs associated with owning a vehicle. If after all of Read more

Total Cost of Owning a Car

True Cost of Car Ownership in 2019 (Chapter 1)

Total Cost of Car Ownership in 2019 For a lot of people, the car is the second biggest purchase of their lives and since you do multiple amounts of times – it has a major impact on your retirement and savings. Making the best choice on your car budget and negotiating the best deal can Read more