Sentences with phrase «car is worth less»

Consider Dropping Some Coverage: «A general rule of thumb is that if the car is worth less than 10 times what you pay for insurance coverage, it may not be cost effective to continue collision and comprehensive coverage,» McChristian wrote in an email.

If your car is worth less than 10 times the premium, getting the coverage may not be cost - effective.

A good rule of thumb is if your car is worth less than 10 times the premium, you may not need the coverage.

If your car is worth less than $ 1,000, you likely do not need collision and comprehensive coverage, which could wind up costing you more ultimately than the car is actually worth.

If your car is worth less than 10 times the insurance premium, purchasing the coverage may not be cost effective.

As a rule of thumb, if your older car is worth less than 10 times the insurance premium, having collision and / or comprehensive coverage may not be cost effective.

If a car is worth less than $ 1,000, or less than 10 times the insurance premium, purchasing these coverages may not be cost effective — but you do need to have collision and comprehensive insurance to fully protect your vehicle from all types of damage.

On an aging car the coverage for the car itself should get cheaper and cheaper since the car is worth less, while liability coverage would not necessarily get cheaper.

If your car is worth less than what you owe, you can keep it if you want.

So another way of saying that is, if your ownership interest in the car is worth less than 5,600 bucks, then your car's safe in a bankruptcy, and in - I've got to say 99.9 % of all bankruptcies now, cars are not a factor.

If your car is worth less than what you owe, then your car is not an asset.

In Ontario where I live, there's a threshold of $ 5,650, if your car is worth that or less, or your interest in the car is worth less it's protected under the law, nobody can take it from you.

«We've run into consumers in class with upside - down car loans, where the value of the car is worth less than what the car is costing them,» Ms. Murray said.

In other words, your car is worth less than the combination of your policy's deductible and monthly premiums.

Going this route may not be feasible or smart if your car is worth less than you owe.

If your car is worth less than the amount still owing, and if the lender agrees, you could keep your car, as long as you continue to make your monthly payments.

Likewise, if your car is worth less than $ 3,000, your collision and comprehensive premiums — plus their deductibles — will often exceed the coverage they would provide if something eventually happens to your car.

If the car is worth less than you owe, you still have to pay off the loan.

However, this may not be a viable option if you are behind on the payments on your existing car or your car is worth less than the amount that you owe.

That's fine if done properly, but such cars are worth less than original RHD examples.

At any rate, since used cars are worth less than new cars, and since used car buyers tend to be less affluent than new car buyers, banks typically charge a slightly higher interest rates.

Not exact matches

First, cars are depreciating assets, meaning as soon as you drive off the lot, it's automatically worth less than what you paid.

Toyota has engineered the ideal set of compromises into a versatile car that is worth on 25 % less than the day I bought it four years ago.

I just thought it was worth pointing out that the more logical explanation than the ultimate version of an already brilliant car being shite is that 85 % of owners most likely either purchased the GT4 with the intention of selling it on for a significant profit having briefly sampled it for themselves (lets face it it was a foregone conclusion the GT4 would instantly shoot up in value) OR 85 % of owners were intelligent enough to spot that zero supply and huge demand could produce a significant profit for them having just paid less than # 70,000 for it.

Now the customer is over $ 5000 in on a car that is worth much less.

The Maxima's interior might look nicer than the Altima's, and its engine makes 20 hp and 10 lb - ft more than the Altima's, but neither addition is worth nearly $ 5000, and drivers won't notice the power deficit in the less - expensive car.

There are definitely more spacious estate cars out there for less money — but you may think the CLA's distinctive looks, classy image and luxurious finish are worth paying a little extra for.

In our opinion those features are more than worth the additional money, not to mention less production means fewer identical cars on the road.

However, we do still feel it's worth having a closer look at — and especially if you're interested in a less obvious choice for your next sports car.

Depreciation is the measurement of how much less the car is worth after it is purchased.

Thus consumers are returning midsize cars off - lease that are worth less than they were supposed to be, and lenders who leased those vehicles are having to eat the difference.

Similarly, if you're in the market for a car like the BMW 3 Series, it's worth considering direct rivals like the Audi A4 and Mercedes C - Class, as well as models from less prestigious manufacturers, such as the Ford Mondeo, Volkswagen Passat and Skoda Superb.

This option makes sense if your car is worth considerably less than what you owe and you're willing to let it go.

The more miles you drive with the car, the less it's worth.

By the time you're done paying your loan, you'll have paid more than the sticker price for a car that's likely worth less than half of what you paid for it.

Assuming you financed your purchase you're making a monthly payment for a car that is worth less than you're paying for it.

Optional coverages such as collision and comprehensive insurance should also be strongly considered by most drivers if their car is less than 10 years old and worth less than $ 3,000.

If a car dealer is offering zero percent financing on a model you want, it might be worth considering, keeping in mind that less than 10 % of borrowers are able to qualify for these deals.

In order to follow this course of action, you will need to sell this car, probably kick in a $ 3,000 or so because it is probably worth less than you paid and you have to cover sales taxes, and buy the car that you can pay cash for.

If you're currently making payments on a car that's worth less than the loan value, you're going to have a hard time convincing a lender to agree to an auto loan refinance.

This is because a used car is generally worth less than a new car, which means if you fail to pay your monthly bill, the lender won't recover as much value from repossessing your vehicle.

If you car is worth far less than what you owe, maybe it's time to give it back to the creditor and walk away from.

So, if you have a car that's worth less than that amount, the trustee isn't going to take it, you can keep it.

Doug Hoyes: And so if the car is worth 5,000 bucks, you get to keep it; if you have a car that's worth 10,000 bucks and there's a $ 6,000 loan against it, then the equity is $ 4,000, that's less than five, you get to keep it as well in that scenario.

If your car is worth $ 1,000 or less, you might want to decrease your coverage.

If on the other hand, you owe less than the car is worth, you may be able to find a better deal, especially if your payment history is strong on the existing loan.

As long as the car you rent is worth less than $ 75,000, and you pay for the rental with your card, you're covered.

As long as the car you rent is worth less than $ 75,000, and you pay for the rental with your card, you're covered.

It is worth noting that a Tesla vehicle is over five times less likely to experience a fire than the average gasoline car and that there have been zero serious injuries or deaths for any reason ever, fire or otherwise, in a Model S. Over the course of more than 100 million miles driven in almost every possible terrain, weather and crash conditions, the Tesla Model S has consistently protected its driver and passengers, achieving the best safety track record of any car on the road.

You can have a serious injury after a car accident in Georgia, but if the treating doctors will not testify that it is medically probable that the crash caused the injury, then your case can be worth substantially less.