Speaking of New Car Looks....
8 years ago
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- 8 years ago
- 8 years ago
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Looking for sneaky ways to save for newer car
Comments (17)Hi you guys who are putting your spare change, plus adding a bit, or whatever, into a piggy bank, a big jug, a serving dish, bedside table or some other receptacle ... ... that's the same as putting it under the mattress. Can't grow (each dollar, coin, etc., that is) by even a smidgeon. If you put it into a savings account, it earns at least a little - even though it's even less after income tax. But - when you put it into a bottle, jug, under the mattress, or wherever ... ... are you aware that part of the money that you put in evaporates, flies away, is stolen by the Grinch, or whatever? In any case - as far as you're concerned, it disappears. You tell me that I'm crazy - that you put in $2.00 once, $1.00 later, and $5.00 still later. That each dollar that you put in is still there (unless you have larcenous kids, visiting friends, whatever). Yes - each dollar that you put in is still there. But ... ... remember how much $10,000. would buy, 10 years ago? Will $10,000. buy the same amount now? As you know, it will not. Inflation erodes the value of every dollar that we own as a dollar, every year. If we own it as a house, its value may increase. If as a table, its value will decrease, especially just after we buy it - though if we wait long enough and it becomes an antique, it may be worth quite a bit. Even then, will it be greater value (even if the dollar amount is higher) than when we bought it? If we own it as a car - well, if you buy a new car, be sure to leave the window down with a few hundred dollars lying on the passenger seat to fly out the window, so to speak, as you drive home, for its value will have decreased by a couple of thousand, at least, during that drive. There are two rats that eat our cheese - the income tax people want to talk to us about every dollar of our annual income, annually. And they want part of it. If we invest in systems where the amount of the basic asset can't shrink, in almost every case, it can't grow, either. So - we must take part of the annual earnings to add to the basic asset itself, so that after ten years that $10,000. won't have lost some of its purchasing power. Hope you all have had a great week - and that the U.S.ers had a fine Thanksgiving. ole joyful...See MoreLooking for new car insurance carrier... I
Comments (23)I've sold for 15 years for the same big Illinois company. Many things get factored into the rates. Experience ratings of both the vehicles and the drivers. Unfortuneately as we get older - 70 and above - rates increase. Your not going to see rate decreases unless you've lost a driving discount in the past and it is restored. Just because a car gets older doesn't mean diddly. That assumes if there is a loss that it will be a total loss and you will recieve a check for the cars value. Cars today don't get totaled that often, instead they are repaired and the cost for parts, labor etc. don't decrease so therefore they are passed on to us, the consumer. Cars that are 10 years old or more, the parts become a bit more difficult to find. Insurance companies don't want customers shopping every year or two and they certainly don't want stand alone policy holders. There's a lot of initial cost to setting up a policy, there's my time, the cost of running CLUE reports, credit and MVR's. Those are not free. Odds are a stand alone policy holder will file a claim while they are there, leave and the insurance company has lost money. Your Geico's, Nationwide and Progressive companies tolerate the "shoppers" until the claims hit them then they increase the rates to make up for it. They bring in the new blood which today is really your single under 30 drivers or those who only want liability insurance. Longevity does pay off with a company, it may not feel like it but it will. Having an agent to bounce things off of can be very beneficial. I have customers that I've worked with for 10 - 15 years, we both know they could probably go elsewhere and pay a little less but they won't get the service I give them. I'm licensed to sell insurance, I 've gone on websites to get quotes so that I can see what the average consumer is faced with when they do an online quote. How would you know what coverage is adequate and why you should have it unless you can talk to someone about it. If you do leave your company, don't immediately cancel your current carrier, big mistake. Cancel the automatic withdrawal and go to direct bill but wait until you have your new policy, the coverage's are what you wanted and the premiums are what you were expecting. Alot of companies underwrite after they bind you, pull the reports and guess what, there's a change in premiums. To keep the business, perhaps a deductible is increased or a coverage lost. Most companies can back date a termination as long as you provide proof that you are covered elsewhere. As for deductibles, in my experience the best way to go is a minimum of $1,000.00 on your home and $500.00 collsion deductible with a $100.00 comprehensive deductible. As for your homeowner's renewals, watch them closely. Many companies are going actual cash value for roofs and siding. Depending on the age of your roof, that can be a costly oversite. They will also offer you the renewal with a different deductible. I've seen the same company renewals come out with a 1% deductible. That is not 1% of a loss, that is 1% of your dwelling coverage. In this area our average dwelling coverage hovers right around $300,000 making the deductible $3,000.00. I could go on but I'll stop here. Just remember, insurance is one of those things we love to hate, it's not tangible but most of us today could not afford to self insure and that's what it's there for. Use it for the big stuff, forget about the small claims, they will cost you triple in the long run....See MoreSpeaking of Cars....
Comments (15)I don't normally. Although, my first car--a rugged and beloved, OLD Studebaker Lark VII--ended up with the name Puddle Jumper. Not my doing. My father was driving behind me, during a bad storm, and I went through a very deep puddle (one I'd have had the sense enough to avoid these days) without a hitch. Because of that, and the fact that my license plate started with PJ, she was puddle jumper from then on. I do sometimes call my current car Cookie Monster--only because it's one of those Cookie Monster colored FJ Cruiseers....See MoreAlisande--your new car
Comments (4)Car salesmen can be so overbearing. When DD and I went shopping for her new car the salesman just about attacked us in the parking lot. I let DD wander through the lot and told the salesman that this was our first stop and that we just wanted to browse. He dropped a few feet behind but kept asking if we had any questions. I stopped him again and told him that DD wanted to be alone and that we'd leave if he kept pestering us. We felt so uncomfortable that we left. DD knew she wanted a black Toyota Rav 4 with the bigger engine but still wanted to look around in case she saw something else. She ended up making an online deal with a different dealer the next day....See More- 8 years ago
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skibby (zone 4 Vermont)