One of the most essential decisions you will be making when purchasing a car is whether to go for a brand-new car or a used car. During this decision making process, there are several things that you should evaluate which includes the condition of the used car you are eyeing, insurance policies, purchase price and depreciation value, etc.
This is why we have come up with a short guide to help you make the most preferable choice in terms of buying a brand-new car or a used-car. Take a look at the pros and cons of each!
Do You Need A New Or Previously-Existing Policy?
If you already have an insurance policy securing a previously bought vehicle, you can easily add your new purchase to it. A lot of insurance agencies tend to insure their customer’s new vehicle within seven to thirty days. Due to this assistance, you do not have to change your coverage before buying a car from Salama Motors.
All you have to do is make sure to contact your insurance provider over the phone or online and discuss the additional changes.. Doing so is necessary because a few insurance companies extend your already-existing coverage to new vehicles, while others might direct you to purchase an individual insurance plan for your car.
Nevertheless, relying on the old policy gives rise to many risks in terms of coverage. Remember, your new vehicle is most likely to be worth much more than the previous one which is why it is vital to keep your insurance company updated about your car insurance needs. For this, you may want to consider taking assistance from Salama Motors value finder, or our partners on the floor.
What Information Will Your Insurance Agent Need?
In order to subscribe to a new auto insurance plan, you will need to provide your agent two essential pieces of information about the car:
• Make / Model
• VIN
Before purchasing the new insurance policy, make sure that you are making a rock-solid decision about the purchase. Obviously, you wouldn’t want to waste your money on a car that doesn’t satisfy your needs, would you?