Can Get Good Deals
Not yet mentioned in your continuing debate on cash vs. credit car-buying (“Credit Doesn’t Always Rate Better Than Cash,” Sept. 30) is a related insurance cost that some cash buyers consider important.
To protect the lender’s equity, the credit buyer is compelled to carry collision and comprehensive insurance throughout the loan period. The cash buyer can choose to forgo this coverage or carry it only for the first year or two, by which time initial depreciation will sharply reduce the car’s value.
The difference can be a cost advantage of several hundred dollars a year for the safe-driving cash buyer.
D. A. LEA
Camarillo
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
