EPISODE 57~ Think Twice Before You Buy That Fancy Car

When you’re trying to choose which type of new or used car to buy, you should check to see how much it costs to insure different makes and models. This is especially true for young drivers. I just checked and if a 17-year-old guy bought a brand new convertible sports car, it could cost more than $1,300 a month to insure because it’s new, it’s valuable and insurance companies think these cars attract more reckless drivers. But if that same 17-year old guy were to buy a used Honda Civic, his bill could be just $650 a month, because it’s a less valuable, more boring vehicle. In other words, just by choosing one vehicle over another, you could save nearly $8,000 a year. So, definitely check before you buy!

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