A newbie driver would be better off driving an old model vehicle rather than a top of the line market class ride. Unless you have a bottomless reservoir of cash, one must be wary of how one drives on the road. Being new means a greater propensity to commit mistakes and thus cause accidents. Since insurance companies keep tabs on one’s claims on insurance profile, a lower or nil claims profile would translate to lower insurance rates. A young driver’s records are never lost and would be a reflection of one’s risk level as one grows older. Many times, due to a driver’s records, the premiums are so steep that it would be cheaper to take the bus or take a taxi everyday.
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The business of auto maintenance and repair is not like the business of old. No, this is not bad news, hence the word “fortunate” in the title. Before, there were so many parts of your vehicle that required regular replacement and this cost you a fortune. (more…)