Re:Why car insurance in America is too cheap
by kube-system on Sunday February 04, 2024 @11:18PM
(#39257260)
Not at all, something like a used Tacoma on a short financing term will not need anywhere close to a 40% down payment to stay above water.
My last car loan was at 0% (meaning the only cost of financing was the insurance company profit on the collision policy that I had to take because of the loan). No way am I putting down 40% on a 0% loan.
I could have charged the car on my credit card for the points and paid it off 45 days later; it’s not a matter of being able to afford it.