Recently required car repairs? I have an extended warranty on my 2009 Honda Civic, but I always seem to be paying out of pocket for repair expenses.
Now please forgive my car ignorance, but is there any point to purchasing these extended warranties, or are they just a money sink?
The majority of my costs have gone to brake pads (that seem to need to be replaced every year), suspension and tires.
Auto insurance accounts for 2-5% of the total monthly income of each individual or household. In any case, it is not something that can be neglected on purpose because there are legal ramifications to be considered.
Car insurance for people over 50 is relatively less costly compared to that for drivers who are between 20-45 years old. Insurance companies are very particular about the age of the drivers they will insure which is why they use age as one of the factors in determining premium rates.