Florida Auto Insurance - Auto Insurance IN Florida

 

"Cash For Clunkers"? No Thanks!

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Seems like everyone I know is trying to get  federal stimulus from the  'Cash For Clunkers' program.

Ok, I agree that it may be a bargain and considering the manufacturer discounts you could probably get a brand new vehicle for 20% less.
But you have to ask yourself "Is it really worth it"?

Are you going to save money or just get into more debt?

If you were thinking of buying a new car anyway, than this programcan only be a good thing for you. Otherwise I just don't see a point.

I guess I'm not a big fan of new cars. What is important to me is to get from point A to point B as quickly but safely as possible. My car is 7 years old but it is paid for and my auto insurance is not expensive at all.

If I get a new car it will just mean another monthly payment and expensive auto insurance. Yes, it will quite probably be a fuel-efficient car, but it will still require collision and comprehensive coverage. I don't really want to pay more for my Florida No Fault Auto Insurance.

Considering that a new vehicle loses a up to 30% of its value in the first 3 years, it just doesn't appear to be a good investment at all.

Sure, this this program may help the economy a bit, but it will cause problems as well. Look at what happened in Germany, a lot of old cars were sold again rather than being scrapped.

 In my opinion cash for new computers would have been better