Category

Car Manufacturers

Category

The auto industry has been hit hard. Automakers are closing factories worldwide to mitigate this crisis, the US dollar is fluctuating heavily (and not in a good way), and new car sales have declined rapidly. Auto shows globally are being cancelled. If we look at the effects of the 2008 auto industry crisis and its effects on car pricing, we can see that the market quickly turned to favor the buyer. With automakers offering 0%…

1. How does car insurance work? Car insurance is set up to alleviate the burden of an accident from the driver. When a driver is in an accident and they are covered by insurance, their insurance company will cover a large portion or all the repair or new car purchase costs based on their deductible and maximum payout. 2. How do deductibles work? Deductibles are the minimum amount an insured driver has to pay before…