[geeks] Insurance, and Why I Hate It (long)

[Peter L. Wargo]

On Mon, 18 Mar 2002, alex j avriette wrote:

> take out a loan for the cost of your car, new. place said loan in the 
> bank and accrue interest at 3%. make monthly loan payments. after 
> <period of loan> without actually crashing your car, you have your money 
> back, and youve even offset some of the interest you paid. its a helluva 
> lot better than giving the $$ to the insurance company thats going to 
> fuck you no matter whose fault it is.

You still need liability, no matter what.

Also, what if you are leasing or have a lon on the car? That usually
requires full coverage...

-PEte