Quote:
Originally Posted by Incinerator
albertGQ have you tried borrowing from friends/relatives? The difference between your out of pocket cost & initial insurance claim cost doesn't seem to warrant a 7 year rate hike. If I were you I'd try every possible avenue to avoid going thru insurance. Get an unsecured personal line of credit at your bank if you have to, that 7-8% interest rate will still be less than your insurance premium hike. Worse comes to worst sell the RSX and get a newer used family sedan that should make up the difference plus drop your insurance rate a bit  |
Yeah, you're right. It does seem wiser to just pay it as opposed to going through insurance. I do work at a bank so I do have access to credit at a low rate (eg. mtg rate of 4.25%. can't beat that!!
). I'll probably just put the repairs on my MC (w/ staff rate, not my VISA @18.9%).
Oh, and I highly doubt that I'll be selling the RSX for a family sedan. I'm just not at that stage of my life yet