Car Insurance Research Papers
It is an incredibly wonderful feeling to receive a car as a gift. Offspring of affluent families are most often than not, recipients of such an extravagant present. They may just be casually asked by their parents to accompany them to a showroom without an inkling that they will be asked to choose from the line of the latest models. Others may just simply receive a small nice box with the car's key in it. But what if it's a gift amassed from hard-earned money. It would definitely hurt to find out that there are paper works and financial obligations that are attached to it.
Here are things to ponder when you purchase a car as a gift to someone:
Title Transfer
Remember that when you purchase the car in advance, the title will be placed …show more content…
It will clear your head if the vehicle that you give to your loved-one is automatically insured. A list of car insurance companies is all you need to know to understand its importance. Once you have decided which one to acquire, check fastidiously then request for an insurance quote.
Things like maintenance cost, as this vehicle is subject to wear and tear in whatever way it's used, is one of the upcoming concern. Another is garage or parking space of the recipient, it will become a financial concern if he will be needing to replace car parts that can be damaged by unavoidable circumstances outside of a parking lot. For instance, a burglar who can take off the side mirrors, mufflers, antenna or wiper. It is always best to park your car in a strategic location. Add into your considerations the fuel cost that the receiver will shoulder once he is using this vehicle. Will he be able to sustain the rising fuel cost?
Weigh the good and the bad sides of giving a car as a gift. Put matters into the beneficiary's perspective as well so you would know if this will be truly cherished or not. All kinds of gift should be regarded as extraordinary and the giver as a thoughtful individual. For all of these to happen. ensure that your gift is a valuable thing that the recipient will treasure for a
Here are things to ponder when you purchase a car as a gift to someone:
Title Transfer
Remember that when you purchase the car in advance, the title will be placed …show more content…
It will clear your head if the vehicle that you give to your loved-one is automatically insured. A list of car insurance companies is all you need to know to understand its importance. Once you have decided which one to acquire, check fastidiously then request for an insurance quote.
Things like maintenance cost, as this vehicle is subject to wear and tear in whatever way it's used, is one of the upcoming concern. Another is garage or parking space of the recipient, it will become a financial concern if he will be needing to replace car parts that can be damaged by unavoidable circumstances outside of a parking lot. For instance, a burglar who can take off the side mirrors, mufflers, antenna or wiper. It is always best to park your car in a strategic location. Add into your considerations the fuel cost that the receiver will shoulder once he is using this vehicle. Will he be able to sustain the rising fuel cost?
Weigh the good and the bad sides of giving a car as a gift. Put matters into the beneficiary's perspective as well so you would know if this will be truly cherished or not. All kinds of gift should be regarded as extraordinary and the giver as a thoughtful individual. For all of these to happen. ensure that your gift is a valuable thing that the recipient will treasure for a