I don’t get it, is there a reason for this?
Literally say if a car is $230 monthly rate, if I type in that I am financing it instead.. the rate goes up to around $450.. why is this?
I don’t get it, is there a reason for this?
Literally say if a car is $230 monthly rate, if I type in that I am financing it instead.. the rate goes up to around $450.. why is this?
Lease/finance requires collision and comprehensive insurance
How old are you?
Also financing requires higher and more comprehensive insurance limits
Ever heard of the saying “Drive it like a rental?” When people own something they are more careful and don’t try to push the car too hard. When they plan to return it in 5 years they don’t need it to last long term and can drive it to the ground which leads to excessive acceleration and other things that increase the chances of accidents.
also geico has been the most expensive insurance i have ever been quoted since I first got quotes from them in the mid 90s. So I have never been a geico customer
Sounds like you live in a high cost of living area.
A financed vehicle has higher insurance requirements than something you own.
The best way to get cheap insurance is to buy a cheap car and insure for only what you need to cover the vehicle and a decent amount of liability.
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