How to Avoid Buying a Flooded Vehicle

In the wake of Hurricane Matthew, the market for cars has been “flooded” with vehicles that were submerged during the storm. Owners of flood-damaged cars have resorted to a number of deceptive tactics in an effort to quickly offload their problems. Here are some steps you can take to protect yourself. Talk to an expert that you trust In general, we recommend purchasing a vehicle from a reputable dealership. Auto dealers must adhere to high … Read More

Is “Gap Insurance” Really Worth the Money?

If you are planning or considering the purchase of a new vehicle this holiday season, you will soon hear about gap insurance. When you buy a new or late-model used vehicle, gap insurance covers the “gap” between the wholesale book value of a car and the amount that you will owe on the loan (assuming you finance the vehicle). Most collision insurance policies cover the wholesale book value of a car, which is significantly less … Read More