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Many people buy cheap cars outright because they don't like ongoing payments. They still have to pay for insurance though, right?
by untog 11y ago
Many people buy cheap cars outright because they don't like ongoing payments.
They still have to pay for insurance though, right?
- mikeash 11y agoInsurance is a legal requirement, but your car will still physically run without it. There's no remote kill switch (yet).
- untog 11y agoI mean, "legal requirement" seems quite an important thing when we're talking about how people get around every day.
- mikeash 11y agoI totally agree, but the post above seems to be worrying about a scenario where you stop paying and immediately lose your access to transportation. As it stands, you can stop paying and probably get by for a while. I wouldn't recommend it and I'm not sure I see any merit in allowing it, but I gather that's what they're getting at.
- mirimir 11y agoExcept for those in high-risk categories, legally required insurance doesn't cost very much.