Hi ,
I just bought a brand new car and keep hearing about depreciation of the cars value as soon as you drive off the lot and gap insurance that my car dealer wanted to sell me.
I guess everybody has see the TV commercial of Mutual Liberty where a man talks about his T-Bone accident and his insurance that doesn't want to pay him the full amount even though his car didn't have its first oil change yet.
My question(s):
How much depreciates a car per year / mile ( in insurances minds)?
What is the best ( affordable insurance to have those or similar policies like the ones Mutual Liberty is advertising and is Mutual Liberty really paying out 100% of the cars value / purchasing price ?
If I have to what are good gap insurances ?
I just bought a brand new car and keep hearing about depreciation of the cars value as soon as you drive off the lot and gap insurance that my car dealer wanted to sell me.
I guess everybody has see the TV commercial of Mutual Liberty where a man talks about his T-Bone accident and his insurance that doesn't want to pay him the full amount even though his car didn't have its first oil change yet.
My question(s):
How much depreciates a car per year / mile ( in insurances minds)?
What is the best ( affordable insurance to have those or similar policies like the ones Mutual Liberty is advertising and is Mutual Liberty really paying out 100% of the cars value / purchasing price ?
If I have to what are good gap insurances ?