Extra Costs Associated With New Car Buying
New Car Buying & Auto Insurance
New car buying is one of the most exciting experiences. As you calculate exactly how much you can comfortably afford on a brand new ride, it is important that you take some time to dig a little deeper to reveal underlying costs you may be forgetting about. When it comes to purchasing a new car and auto insurance, it is important that you consider the costs associated with car ownership:
- Car Insurance – While you may be inclined to assume that your coverage will remain the same, your auto insurance policy insures your car, not the name listed on the policy. Therefore, you will be required to obtain new coverage for your new car, which will likely be costlier if you have upgraded. When car shopping, it is wise to keep your auto insurer in the loop so that they can tell you about how much your rates will increase by.
- Gas Mileage – If you are thinking about purchasing a sportier car for looks, be sure to consider the gas mileage. While a SUV or sports car may seem favorable now, the increased amount you will have to fork over for gas each week may have you reconsidering your car choice.
- Maintenance Costs – Even if you purchase a brand new car, it is important to consider maintenance costs. You will likely be surprised at the elevated maintenance costs of your brand new Mercedes in comparison to your Honda that you have had for years.
- Warranty – It is highly recommended that you opt for a warranty that will cover problems that are mostly out of your control. Therefore, you will have to consider the extra cost each month of your extended warranty.
Contact Massive Insurance in Pasadena for all of your California auto insurance needs. Do not hesitate to give us a call during your car shopping endeavors so that we can help you determine how your new car and auto insurance will be impacted.