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First time car buyers get tips from Kelly Blue Book

By Gary Becker

Not so longer ago buying a new car was somewhat easy. Cars didn't cost a year's salary and were only expected to stay in the driveway for two or three years before being replaced. A car loan was also for two or three years and there were only a handful of manufacturers and dealers to choose from.

Today, an average new midsized car with all the fixings can cost more than many people make in a year. That more expensive car is now expected to stick around for five years or more because that car loan is now for five or six years. To make things even more difficult, there are all sorts of manufacturers and dealers, actual on your home towns main drive or virtual on the internet.

Even though I have gone through the process of buying a new car several times during my lifetime, the thought of having to do it once again in the next year or two sends chills down my spine. The research, the comparing, the shopping and finally, the dealing with "my sales manger" during the final negotiations at some car dealership is a daunting task even for the most seasoned car buyer.

For the rookie new car buyer the process must be horrifying. No longer does it make sense to run out and just buy a new car on whim. That purchase will in all likelihood be relived every month for the next five or six years when a payment check is written. Because of the that, you have to do it right, seasoned veteran or rookie.

To help those about to walk into a new car showroom for the first time the folks at Kelly Blue Book have come out with ten tips for the first time new car buyer. If you are to about to buy your first new car or know someone who is, these tips from kbb.com will come in handy.

How to transfer old auto insurance to your new car | Teen Auto ...

Gene simmons : How do I transfer my old auto insurance to my new car?

How to transfer old auto insurance to your new car; Just auto insurance

Response : It’s a beautiful Saturday afternoon and you plan to visit a dealership and get behind the wheel of a new car. But before purchasing that sweet ride, make sure your car insurance will cover any mishaps.

[Compare car insurance quotes now.]

Buyers who already have an auto insurance policy typically have automatic coverage on their new car for 14 to 30 days after their purchase. Some states require insurance companies to give new car owners even more time.

But instead of “gambling on the 14 to 30 days,” contact your insurance agent and find out if you have adequate coverage before driving off with the new car, says Tully Lehman, a spokesman for the Insurance Information Network of California.

Doing so can help you uncover possible coverage gaps. For example, in Wisconsin the new car automatically has the same coverage as the car it is replacing, according to the Wisconsin Office of the Commissioner of Insurance.

So if your trade-in only has liability coverage, your new car’s coverage will be limited to liability insurance. If that’s the case, it’s wise to make sure your new car has collision and comprehensive insurance coverage before driving it off the lot.

Auto insurance when there is no trade-in: just auto insurance

It’s doubly important to ensure coverage on the new car if you don’t already have insurance. Shoppers who don’t own a car already likely will need a policy before driving a new car off the dealer’s lot.

If the car dealer is financing your purchase, you’ll likely need proof of insurance before driving the car home.

Talk to an agent before shopping, especially if you’re buying a car for the first time and don’t have a history with a car insurance company. In such cases, the insurance company requires you to fill out an application and to offer details about the car, such as the year, make, model, mileage and safety features.

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