Distracted driving + expensive new cars = "crazy" premiums.
We all pay the price when new cars are priced in the upper 5-digit and 6-digit range and a fender-bender costs $5K - $10K.
We all pay the price when new cars are priced in the upper 5-digit and 6-digit range and a fender-bender costs $5K - $10K.
- $25k bodily injury coverage might cover CT scans and a broken bone at best.
- $25k property damage coverage might cover replacement of the bottom 25% of vehicles sold the last 5 years.
Is that an euphemism for "refusing to pay a livable wage"?
Turns out we live in a built environment, not everyone can sit in a cube.
I think the used car market might be crazy right now.
When COVID hit and everyone was clamoring for used cars because new cars couldn't be made/imported, I took my wife's low-end car to CarMax for an appraisal. It was a fair offer, but I didn't bite.
All these years, and 25,000 miles later, I brought the same car back to CarMax a couple of weeks ago, and the appraisal was almost double what they offered the first time. This time I let them have it.
I don't see a lot of talk about used car demand anymore, but based on my experience, I think it's still high.
Some states implemented "extreme" used car sales taxes (Ga)
Cash for clunkers,zirp, caused a surge of new cars after 2008.
Cars produced after 1996 (OBD2) and 2003 (wideband, multi fuel), and 2008 (8 speed zf transmissions with full lockup - and dsg for sports cars) are incredibly reliable - especially with a 100k mile warranty and service packages.
Then you have the 2017 tax cuts, compounded with 2020 chips shortage.
Somewhere you also have ev incentives