What you need to know about auto finance and car insurance
Used car finance and auto insurance can be very similar, but how do they compare?
Read moreRead moreThe big difference is that the financial services companies offer their own vehicles, whereas most car insurers only offer car insurance for their vehicles.
For instance, many auto insurers will not insure your new car unless it is in good condition, meaning you can buy the insurance and then drive it on the road.
However, most insurers have the luxury of knowing that if you purchase your vehicle in a good condition or even have an accident that the cost of repairs will be covered by the insurer.
This means you can choose between getting the car repaired or the insurance covered.