Every spring I look at my car and try to decide if this is the year I will buy a new one. I really don’t need a new car. In fact, I like mine quite a lot. It’s just that when I am driving by car dealerships and see all the pretty new cars on the lot, it is hard to look away. I like shiny. I like new. My car is great but it is neither of those things.
Before I get carried away, I quickly remind myself of two things. First of all, there would need to be a car loan. Car loans are usually fairly easy to get as a car acts as collateral for the loan. With the economy attempting to make a comeback, bank rates are better than they were and lending policies have loosened up a bit. I also think about car insurance. I automatically think that if I get a newer car, my insurance rates will go up. But is that really true?
After looking around, I discovered that it may or may not be true, depending on the make, model and year of the new car, plus the level of coverage. With so many plans out there now, it is easy enough to find a decent level of insurance without having to sell off your mum’s antique tea service. Shop around. There are insurances for all ages and all budgets. Meanwhile I’ll be browsing at new car brochures – just in case.
Tags: car insurance
