WOW. So, now I can keep my 10 year old car for another 10 years and STILL be within the far end of the bell curve.
Now if the danged auto makers would just cut down on the repetitive ads on TV, they wouldn’t piss me off while I amass enough money in 10 years to pay for all their ads.
All we need is another “Cash for Clunkers” program to get all those old vehicles off the road. I wonder how much equity people have in their cars with 0 down and 72 months to pay. If one doesn’t have GAP insurance, they are in big trouble in event of an at fault accident which totals the vehicle.
I pay cash for mine too Dave and have the past 3 cars I have bought. I usually keep them about as long as the bumper to bumper warranty lasts, but occasionally longer if I really like the vehicle. I don’t blame you for keeping that Porsche. That is quite a car. I had a customer keep her BMW two seater sports car for almost 15 years because it was her baby and was immaculate. She finally gave it up and got a Jaguar sports car which she also loves.
GAP insurance is necessary even if you’re involved in a not-at-fault loss. Carriers will only pay for the value of the vehicle, not what you owe (which generally includes interest). It doesn’t matter if you’re liable or not.
As true as it is, I don’t like it. (I didn’t down thumb you. I have to really disagree with someone for me to take that extra time). We are all in this business so we understand that we have things we have to deal with that we don’t like doing. So, I can see why someone would dislike that statement. Its because the reality of it sucks.
WOW. So, now I can keep my 10 year old car for another 10 years and STILL be within the far end of the bell curve.
Now if the danged auto makers would just cut down on the repetitive ads on TV, they wouldn’t piss me off while I amass enough money in 10 years to pay for all their ads.
To have Wifi in the car; that’s the dream…
All we need is another “Cash for Clunkers” program to get all those old vehicles off the road. I wonder how much equity people have in their cars with 0 down and 72 months to pay. If one doesn’t have GAP insurance, they are in big trouble in event of an at fault accident which totals the vehicle.
I’ve paid cash for my last few cars so don’t worry about being “underwater”.
I pay cash for mine too Dave and have the past 3 cars I have bought. I usually keep them about as long as the bumper to bumper warranty lasts, but occasionally longer if I really like the vehicle. I don’t blame you for keeping that Porsche. That is quite a car. I had a customer keep her BMW two seater sports car for almost 15 years because it was her baby and was immaculate. She finally gave it up and got a Jaguar sports car which she also loves.
GAP insurance is necessary even if you’re involved in a not-at-fault loss. Carriers will only pay for the value of the vehicle, not what you owe (which generally includes interest). It doesn’t matter if you’re liable or not.
Hahaha, two downvotes for saying GAP insurance would be necessary for not-at-fault losses as well as at-fault losses.
The dissenters named their own price on their auto insurance too!
As true as it is, I don’t like it. (I didn’t down thumb you. I have to really disagree with someone for me to take that extra time). We are all in this business so we understand that we have things we have to deal with that we don’t like doing. So, I can see why someone would dislike that statement. Its because the reality of it sucks.
I have a 2005 Porsche 911S and a 2010 Dodge Avenger. The Avenger will be replaced soon and I plan to keep the 911S forever.
A Porsche???? I didn’t think you were a 1%% er.