Reading Time: 2 minutes If you have financed your car and owe more than the insurance payout after the car is totaled, GAP insurance will cover the leftover amount on the loan, which could be thousands of dollars.
Reading Time: 3 minutes Depreciation happens regardless of make or model, so it makes financial sense to buy cars that are a few years old when the largest decrease in value has already affected what are essentially new cars. However, when it’s time to sell, depreciation works against you, lowering your ride’s value.
Reading Time: 3 minutes “Drive that car off the lot, and it will immediately lose 10 percent of its value!” We’ve all heard some version of that story before, where the mysterious force of depreciation instantly devalues your shiny new car.
Reading Time: 3 minutes If you’re in the market for a used car, we have compiled four tips that will help you put more money into your pocket.