Insurance Facts and Myths

by John Koehler Comment Closed
**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** Recently we came across a statement that insurance is more expensive for a leased vehicle compared with a vehicle the driver owns. While there may be a few specific situations where this is the case, it's generally not true, at least not anymore. But let's look at the details a bit more... Auto Insurance Overview An auto insurance policy is usually made up of three types of coverage (at minimum): Liability Coverage Collision Coverage Comprehensive Coverage Generally speaking your state will require you to have liability coverage, sometimes referred to as "proof of financial responsibility" that you must have before you can successfully register your vehicle.  These limits vary by state, but this coverage is only to reimburse other people for medical bills and property damage caused by your driving.  It will not provide coverage to fix your vehicle if you caused the...
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Win on Sunday, Sell on Monday

Win on Sunday, Sell on Monday

by John Koehler Comment Closed
**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** There's an old adage related to the relationship between auto racing and automotive sales "Win on Sunday, sell on Monday" - meaning that strong performance in auto racing drives sales once dealerships re-open on Monday.  While some have argued that the relationship is no longer as strong, it may certainly have become more subtle, but it seems that it is still present.  The major global manufacturers still invest in auto racing, as well as major automotive-related companies like tire manufacturers, lubricants and fuel manufacturers/distributors, and other related companies that use auto racing and other motor sports as major marketing opportunities. With Memorial Day weekend quickly approaching, it marks the unofficial start of summer, but is also the largest motor sports weekend, both here in the US and abroad, on the calendar.  On the Sunday of Memorial Day weekend three major races...
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More About The One-Pay Lease

by John Koehler Comment Closed
**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   The last few weeks have brought several inquiries about the one-pay lease, so it seemed like something worth addressing further in an article, and as notification that the main page about one-pay (single-pay) leases is being updated slightly as well.  In short, while the information provided on how it works, and the related one-pay lease calculator, are correct, it's become apparent from reader feedback that not all dealers and lessors use the same method to compute the single lease payment due at signing. Don't Just Sum Your Monthly Payments First, and foremost, you may want to reconsider doing a single-pay lease if the dealer/lessor uses a method where they calculate your lease payment the conventional way, and then just multiply by the term to determine the single payment.  Simply put, when this happens you are paying interest (rent charge) on your upfront...
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