Although our site deals primarily with car loans and car leasing, the end of the year hit theme, change of insurance cannot be left out of the topics covered on the site. Why?
It is also stated in the name of compulsory insurance that you must insure your car after you have bought your car and bought your car from a car loan or car leasing, or (very rare today) cash. Car loans these days are not cheap (in fact, they never were), and a bad compulsory insurance contract along with them can drain your cash every month. Interestingly, car loans and car leasing are not mandatory, as you could buy a car for cash, but car loans are less grumbling for car owners and tend to swallow the monthly installment of a loan or lease, whereas with compulsory insurance, to keep prices going down, and if it doesn’t, then the buzz will start.
Market for car loans and any form of car financing
All has seen a dramatic change in car loan terms in the spring of 2010. Here we will briefly mention that self-sufficiency has increased, Swift-based car loans have been eliminated from the offer, and businesses can only lease a car (or motor, truck, etc.) and not buy it on credit.
This year, there was very bad news about compulsory insurance, as everyone believed that after changing the cubic-based accounting, not only car loans would increase, but also mandatory fees. On October 30, it turned out that not a single word was true.
Changes in car purchase loans and lease payments
These are not followed by monthly, semi-annual, annual or quarterly details of compulsory insurance. What could be the reason for this? The number of accidents is constantly decreasing, so insurers have to pay for less claims and get away with one year at a lower cost (I wish we could say the same for car loans and car loans). Unfortunately, this is no longer true for car financing. However, with a good credit broker you can still find favorable car loans or, if you want to buy a business car, a cheaper (not to mention cheap car loan) car leasing option.