Who owns the car at the end of a lease?

Like buying a car, leasing one typically involves making a large upfront payment and smaller monthly payments over the lease term (generally two or three years). The key difference is that a vehicle becomes yours when a loan is paid off, but you won’t own a leased car when its lease is up. Who owns …

Read more

Is insurance more expensive for a more expensive car?

New cars are more expensive to insure than old cars, generally speaking. That’s because newer cars are usually worth more than older cars. … So, choosing a model with more features might make your insurance rates higher. A higher MSRP means higher repair costs if you’re in an accident. What makes a car more expensive …

Read more

Frequent question: Is ICBC The only car insurance in BC?

ICBC Basic Autoplan insurance is mandatory for all drivers in BC. It helps ensure that you and all British Columbians who own and drive a motor vehicle here are protected with a basic level of coverage. 2. You can choose to buy additional optional coverage offered by ICBC and other private insurers, like BCAA. Who …

Read more

What is a decent credit score to lease a car?

According to NerdWallet, the exact credit score you need to lease a car varies from dealership to dealership. The typical minimum for most dealerships is 620. A score between 620 and 679 is near ideal and a score between 680 and 739 is considered ideal by most automotive dealerships. Can I get a car lease …

Read more

You asked: Does US auto insurance work in Canada?

Generally speaking, an American car insurance policy works the same way in Canada as it does in the U.S. Your comprehensive coverage and collision coverage, for example, still apply to damage to your vehicle if you’re in an accident while driving in Canada. Can I drive my U.S. registered car in Canada? There are no …

Read more

Can I get a 20000 car loan with bad credit?

You’ll generally need good to excellent credit to qualify for a $20,000 loan — though there are some lenders willing to work with borrowers who have bad credit. Can I get a car with a 500 credit score? According to credit reporting agency Experian, more than 21% of auto loans in the fourth quarter of …

Read more

Is insurance more for a 2 door car?

While there are always exceptions, in general, the answer to the question, “are coupes more expensive to insure” is yes. The numbers show that you will pay roughly 18.7% more to insure a coupe when compared to a sedan. Are 2 door cars cheaper than 4 door? It depends on the type of car for …

Read more