How much does it cost to not have a car payment?
Our total monthly payments for all 3 cars is only $175/month. It’s nice considering we used to pay $500+ for one car! Great topic and tips!!! Not having any car payments is so freeing! My van has been paid off for about a year and last week we replaced hubby’s car (that had been paid off for many years).
What kind of car did I never have to pay for?
I have never had a car payment in my entire life. My parents gave me my first car at 18 (a used car with no air conditioning). Since then I have had 1990 Mazda Protoge, a 1993 Honda Accord, a 1993 Ford Crown Victoria Police Package, a 1997 Honda Van and a 1999 Van with the electric door behind the drivers side.
Do you have to pay cash for a car?
We only pay cash for cars and we drive them until they die or until the repairs needed exceed 4X’s the blue book value of the car. We’ve driven a fair number of clunkers, but have NEVER gotten less than 250K miles on a car. I drove a 1981 Honda Accord (that I paid $1100 for) for 8 years and 400K miles.
How much money do you save on car payments?
After you pay off your vehicle, don’t trade it in for a newer model, keep driving it. According to The Simple Dollar, the average American family spends $300 a month on a car payment. If you drove your paid for vehicle for 2 years and saved that car payment money you would have over $7000 CASH saved for a new vehicle.
What to do if your insurance company won’t pay for your car?
It might be your fault or the other driver’s fault. When it is the other driver’s fault, his or her insurance company should cover the costs of your injuries, as well as repair your car or compensate you for its value so you can replace the car.
Where can I get answers to my car questions?
Verified auto mechanics are online around the clock and ready to answer your question online or by phone. Ask-a-doc Web sites: If you’ve got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers…
Do you have to pay your auto deductible if you are not at fault?
Your other option, if you want to get the process rolling so you’re back on the road quicker, is to file a claim with your insurance company, pay your deductible and have them cover the remaining costs for damages. But it doesn’t seem fair to have to pay for an accident that wasn’t your fault, right?
What happens if you are not at fault in a car accident?
Here’s what will happen: Your insurance company will pay for your damages, minus your deductible. Don’t worry — if the claim is settled and it’s determined you weren’t at fault for the accident, you’ll get your deductible back. The involved insurance companies determine who’s at fault.