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Insurance comes in two basic types, damages that you cause to others and damages that others did not cause or will not pay for, meaning: Damages you cause to others is called a "liability" insurance policy. The insurance company will pay up to a preset maximum amount for any damages you might cause with your vehicle. Damages tht others did not cause or will not pay for is usually called "comprehensive", meaning that the insurance company will cover some of YOUR costs if your vehicle is damaged. Different types of coverage include: weather related, the other guy was a hit and left the scene, unattended vehicle damage where the other driver just left, damages to your vehicle caused by an uninsured motorist and damages to your vehicle because you did something wrong yourself, including a slide off because of icy weather. Other vehicle expenses include payments, maintenance, repairs, fuel and often parking. Maintenance and repairs are two separate categories because one is an expected expense and the other is not. You know that you need to routinely change oil, filters and lube the chassis, that you need to periodically replace tires and wiper blades, bulbs, batteries and other items that have a set life expectancy. Repairs, however, can be very expensive and unexpected. If something goes wrong with a radiator hose (another maintenance item) and you loose the engine coolant, the engine can get so hot that it can crack or warp the head. That can be several hundred dollars and up to a thousand or more, depending on the type of vehicle. Owning and operating a vehicle is not cheap.
What else can I help you with?
What are some the thing one needs to know before the lease a car?
Before leasing a car, make sure the costs associated with leasing are understood (eg. monthly costs and additional costs). Visit several companies to get the best deal available.
What are some of the advantages of owning a hybrid electric car?
the best advantages of owning a hybrid electric car is basically you do not have to pay money constantly for gas. This is a car that you charge in an electric socket up to 4 to 8 hours. This is not a lot of time and costs you no out of pocket costs. This car is energy efficient and environmentally safe.
Should I sell my car if I don't use it?
If you don't use your car, selling it could be a good idea to save money on maintenance, insurance, and other costs associated with owning a vehicle. Consider your transportation needs and the potential financial benefits before making a decision.
What are some costs typically associated with owning a car?
GasInsuranceMaintenance and upkeep - oil changes, tire rotation, filter and belt replacement, etc.Repairs - anything that breaks or wears out unexpectedlyTire replacement
What are some expenses you will encounter in owning a car?
Some expenses associated with car ownership include repair, maintenance, taxes, fuel, tires, licenses, and insurance.
When was Owning an Electric Car created?
Owning an Electric Car was created in 2010.
How many pages does Owning an Electric Car have?
Owning an Electric Car has 200 pages.
What are some benefits of owning a scenic car?
"Owning a scenic type of car is more practical due to the low cost of leasing one. Also, repairs cost less and thus the car is easier to maintain. Often, it is more cost effective to obtain a used car rather than pay more upfront costs for a new one."
When deciding whether to buy a second car marginal analysis indicates that the purchaser should compare to the?
When deciding whether to buy a second car, marginal analysis suggests that the purchaser should compare the additional benefits of owning the second car, such as increased convenience and mobility, against the additional costs, including purchase price, insurance, maintenance, and fuel. This comparison helps determine if the incremental value gained from the second car justifies the extra expenses. If the marginal benefit exceeds the marginal cost, it may be a worthwhile investment.
What is the ISBN of Owning an Electric Car?
The ISBN of Owning an Electric Car is 978-1-907670-01-5.
What terms included items such as car payments and insurance?
The terms that typically include items such as car payments and insurance are "auto financing" and "vehicle ownership costs." Auto financing refers to the loans or leases used to purchase a vehicle, while vehicle ownership costs encompass all expenses related to owning a car, including payments, insurance, maintenance, fuel, and taxes. These terms are essential for budgeting and understanding the total financial commitment of owning a vehicle.
Values of owning a car?
Having the freedom of moving around without depending on someone else. The potential resale value at a later price. The satisfaction of owning the car. The appearance of owning the car to other people.
