Impact of new credit card regulations on SAHP's
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Impact of new credit card regulations on SAHP's
| Wed, 10-19-2011 - 11:38am |
I saw a little bit about this this morning, and immediately thought of this board.

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I would think that one of the factors in deciding when to replace a car would be the cost of keeping it in running order.
You can spend $2200 just catching up maintenance services and very minor repairs in some cases.
The average auto repair labor rate varies depending on location between $70-$125 per hour. That adds up quick.
I don't think a little over $2 thousand sounds like a lot of damage, at all.
I think it depends on what is getting repaired, how old the car is, what the return on investment would be and so forth.
But what does this type of car repair have to do with insurance claims?
When continued repairs (not standard maintenance like oil changes and tire rotations) are close to or greater than the cost of a car payment, time for a new car. So, if car payment would be $300 a month, but you're spending $3600 a year in repairs, time for a new car. If you're spending, $2000 a year in repairs, no new car.
"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1
Generally, the premium doesn't increase for the not-at-fault claimant.
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