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Frequently asked questions
The Basics
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While most states don't require you get full insurance coverage when purchasing a car, many finance lenders who want to protect their investments require full coverage regardless of whether your car is gently used or new.
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By purchasing used instead of new, you let the first owner absorb the massive depreciation hit, giving you a much lower-priced car that will depreciate more slowly as it ages. Depreciation is one of the largest costs of car ownership, though you won't feel it until you go to sell the car and learn the vehicle's value
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