ACCIDENT ON YOUR NEW SUBARU IMPREZA WRX STI CAR


Just bought a new WRX STI car? What if an accident occurred soon after taking your brand new ride off the lot? You have full coverage insurance, right? So, you're covered....maybe not.

When you drive your new WRX STI car off the lot the value of your vehicle plummets, sometimes as much as 20-30%. Take for instance you pay $25,000 for your new vehicle and have an accident a month later. You probably have only made at the most one payment and if you did not put any money down your loan amount is still close to the $25,000 purchase price. Unfortunately, even with full coverage, which includes comprehensive and collision, you will only receive the market value of your vehicle which could be as much as 20-30% lower than the purchase price.

That means you may be stuck paying that 20-30%. On a $25,000 car, just a 20% depreciation would be $5,000! That amount could be more if you financed your taxes and license into your loan.

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