Betty unleashes the power of the Holy Ghost and provides advice on car insurance for the mentally ill
Duration : 0:3:0
6 January 2010
Betty Butterfield on Car Insurance
Car Gap Insurance
Most of us know that a new or used car will depreciate by about twenty percent the minute we drive it off the lot. So unless you put 20% down on your auto loan, you stand to owe considerably more than the value of your car for quite some time. If you buy a moderately priced car of $20,000, then your loan could be for $4,000 more than the price your vehicle would be valued at. Cars are getting more expensive, and many of us are taking out loans for one hundred percent of the value of the loan!
Where can I get good rental car insurance?
I don’t have a car so I have no car insurance. Occasionally I rent a car, but I always get screwed with the rental company’s high insurance premiums. Are there any insurance companies that provide insurance on a short term basis. I have a good driving record.
No one will do it on a short term basis, but a named-nonowner policy runs about $150 a year. If you cancel it early, you don’t get any money back.