Your first new car. You sign the loan or lease agreement and get your keys, eager to hit the road with your new investment in mobility. Especially if your previous car was a beater, this can be a watershed moment for you. Insurance Warehouses of America can help you with this. We serve Orlando, FL and we can serve you.
First New Car? Steps To Take
Think Small
If you look for the smallest car that can fit your family, you’ll save money. Not only up front but in the long run. Up front, an average compact SUV runs more than $10,000 more than the average compact car, and that’s before the additional price in fuel and maintenance that an SUV will charge you (a typical gas-powered compact SUV will get 14-23 miles per gallon, while a typical compact car will go around 24-35 mpg). Cars are simply less expensive, both up-front and in the long run than SUVs.
It doesn’t have to be new-new
Many dealerships now sell “certified preowned” cars. These are lightly used vehicles that have no damage or mechanical flaws but have technically been used before. Many certified pre-owned vehicles are closeouts from the previous model year. This can be a great way to get a car that looks, feels, and drives like a new car without the price hit and depreciation costs of a brand-new vehicle.
Get Insurance
This is generally automatic. In many states, the dealer will not let you drive off the lot unless you have insurance for your new car. If possible, shop for your new car insurance before you ever set foot on the lot. If you’re shopping for a new car in the Orlando, FL area, talk to Insurance Warehouses of America so that we can help you get the best rates on your new car.
