Regarding saving money on insurance by going taking a driving course, it depends on your insurance company. My son took an accredited course and it won't make a difference once he gets his G2. For now with his G1 there is no charge for insurance because he can't drive alone. When you insure your car it's worth paying a bit extra for replacement value - basically if something happens in the first four years you get a new car without depreciation. Again this depends on the company. I'm with The Cooperators, they're a bit pricier but they've always been there when I needed them.
When you buy your car go in with a fixed maximum payment in mind. Don't exceed it. I knew how much I was willing to spend monthly and stuck with it, they came down by $50 a month to meet my threshold. Obviously you don't tell them what you can actually afford until they've put their price on the table. $50 a month doesn't sound like a lot until you look at it over five years. It was a bit easier for me because this is my fourth vehicle and I have assets and established credit. Having said that the good thing about buying a car and financing through the dealer is that they don't generally look at your income and debts as much as your credit rating - which is really just the very best way for them to know if you have a habit of paying your bills on time. I went in with a package showing proof of income etc and they didn't even want to see it. A couple months earlier I had applied at the bank for a small line of credit and they wanted everything including my firstborn child.
__________________
Forte Koup SX
Black Orchid
6 speed manual
Last edited by Lesley; 01-22-2010 at 06:14 AM.
|
