Donate Car to Charity California, Donate Car for Tax Credit, Donate Cars in MA, Donate Your Car Sacramento, How to Donate A Car in California, Donate Your Car for Kids, Donate a Car in Maryland, Donating a Car in Maryland, Donate Cars Illinois, Donate Old Cars to Charity, Met Auto, Car Donate Gap insurance saleswoman chats up Clark During a recent flight, Clark was talking with a seatmate who sold gap insurance for the automotive industry. The woman was talking about how people borrow so much on their cars, and how the great service she sells helps them if they’re upside down in their vehicle when it’s stolen or destroyed. This woman had the solution to a problem that you shouldn’t let happen in the first place. You should not buy a car with no money down because of the rapid level of depreciation. The average auto loan is now 63 months long. So it’s very difficult to close the gap between your rapidly depreciating car and the value of the loan you’ve taken out. The right way to buy a car is to save money first. Of course, it’s probably unrealistic to think that you can pay for a new car entirely in cash; only 1% of Americans are able to do so. By saving a down-payment of 20%, for example, you can have a shorter loan and pay less interest. So you can eliminate the need for gap insurance if you do things right from the start. $500 natural gas fueling stations at home are coming Watch out, gas guzzlers! You may soon have the option to fill up a natural gas car at home. Chesapeake Energy Corp. is working with General Electric Co. and Whirlpool Corp to develop a $500 home refueling station that would fit in a garage, according to The Wall Street Journal. Approximately 57% of Americans already use natural gas at home for heating or cooking. The device that’s under development would hook into an existing natural gas line to deliver compressed natural gas to a vehicle. Natural gas is a cheap and clean burning domestically produced fuel. I used to own a 2007 Honda Civic GX that ran on natural gas. I loved the car, but the problem was fueling it up. There was one filling station — only one — within 200 miles of my home. And it was in such a dangerous neighborhood that I had to buy a weapon just to go fill up! I got a civilian version of a police taser and had to pull it twice on people. That had me thinking, “Is this really worth it?” So two years later, I sold the 2007 Honda for more than I paid for it. There was a buying frenzy surrounds CNG cars at that time. The Civic sedan that Honda is now selling goes for $26,000 versus a gas-engine equivalent of around $21,500. But over a number of years, this is great alternative because it emits little pollution and has low operating and fuel expenses.
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