We’ve all seen it—or maybe even been guilty of it ourselves. A quick glance at a text, adjusting the GPS, or sipping that morning coffee behind the wheel. Distracted driving is a dangerous habit that can have devastating consequences. But what exactly is distracted driving, and how can we break the cycle?
What Is Distracted Driving?
Distracted driving is any activity that takes your attention away from the road. It’s often associated with texting or talking on the phone, but it also includes:
Eating or drinking
Adjusting the radio or GPS
Using electronic gadgets
Personal grooming
Tending to Rover or Kitty
Daydreaming or zoning out
Distractions come in three forms:
Visual – Taking your eyes off the road
Physical – Taking one or both hands off the wheel
Cognitive – Mental distractions that shift your focus away from driving
Manydistracted drivinghabits involve one or more of these forms, but using a cell phone or electronic device is especially dangerous because it engages all three at once.
The Science Behind Distracted Driving
Driving demands our full attention, yet many of us still text, call, or use electronic devices behind the wheel. Why do we do it, even when we know it’s dangerous? One reason is that our brains crave the small dopamine boost we get from checking messages—almost like a drug, it can override our sense of risk. We may also feel pressure to respond quickly to work or friends. And often, we overestimate our ability to multitask, believing we can manage both driving and distractions.
However, the reality is that multitasking behind the wheel is dangerous. Studies show that even hands-free phone use can cause “inattentional blindness,” where drivers fail to notice crucial details like stop signs or pedestrians. Distracted driving significantly delays your reaction time.
When attention is split, the brain struggles to process different tasks efficiently, increasing the risk of an accident. Staying fully present while driving isn’t just a good habit—it’s a necessity.
The Impact: Alarming Statistics
Research suggests that sending or reading a text takes your eyes off the road for about five seconds—long enough to travel the length of a football field at highway speeds. That’s a terrifying thought. Think of what could happen while driving that distance at that speed if you’re not paying attention.
More statistics paint a grim picture of distracted driving’s consequences:
In 2022, over3,300 peoplein the U.S. lost their lives and nearly 290,000 people were injured in crashes involving distracted drivers.
About 1 in 5 people killed in these crashes were not in vehicles—they were pedestrians, cyclists, or bystanders.
Texting while driving increases yourcrashrisk by23 timescompared to driving undistracted. It can double or even triple your reaction time.
Talking on the phone increases risk of a crash by4 to 6 times.
These statistics are sobering, but the good news is that distracted driving is preventable.
Laws to Keep Drivers Safe
Today’s cell phones and electronic devices allow us to scroll through social media, watch videos, stream music, take photos, and more. That increases our chances to be allured by distracted driving. To combat thisgrowing problem, many states have implemented strict laws, particularly against electronic devices. These include:
Hands-free laws – Requiring drivers to use voice commands or Bluetooth systems
Teen driver restrictions – Limiting phone use foryoung drivers, who are at higher risk
Currently 16 states ban drivers from holding electronic devices. There are 34 states and DC that banteensfrom electronic device use, including hands-free use. Fines and penalties for violations are becoming more severe, reinforcing the message that distracted driving is not worth the risk.
How to Break the Habit
Stopping distracted driving starts with personal responsibility. You can take the steps needed to break the habit. Here are some strategies that can help you to stay focused behind the wheel:
Put your phone away. Keep it in the glove compartment or enable “Do Not Disturb” mode while driving or try one of the many safe driving apps available to minimize distractions. Some apps even “pay” you to drive with your phone locked down. You earn points toward discounts and coupons.
Plan ahead. Set your GPS, load your playlist, and adjust climate controls before you start driving. Make sure your children and pets are securely seated for the ride.
Designate a “co-pilot.” Let them adjust audio, GPS or other settings for you. You can ask them to respond to texts as needed.
Use voice commands. If you must take a phone call, use a hands-free system.
Pull over if needed. If something requires your full attention, find a safe place to stop.
Suggest a distracted driving policy for work. Talk to your employer about setting a policy that allows work calls or texts to wait until you are safely parked.
Avoid reaching. If something falls while driving, don’t reach for it. Either ask a passenger to do so, wait until you’re parked to get it, or pull over safely before you reach.
Model good behavior. Your passengers are noticing, and so are your kids. Teen drivers ofteninherittheir parents’ driving habits. Remind them, and yourself, why you are doing this. Take theNational Highway Traffic Safety Administration Pledgeto reinforce your commitment.
Distracted driving is a preventable danger. By understanding the risks, following thelaws, and making a conscious effort to stay focused, we can all do our part to keep the roads safer. Breaking the habit starts with a single decision—choosing to prioritize safety over distractions. Safe travels.
This article is furnished by California Casualty, providing auto and home insurance to educators, law enforcement officers, firefighters, and nurses. Get a quote at 1.866.704.8614 or www.calcas.com.
Spring break is right around the corner, and for many travelers, renting a car is part of the adventure. Whether you’re heading to the beach, exploring a national park, or visiting family, a rental car provides the freedom to go wherever your journey takes you. But with rental costs fluctuating and unexpected fees lurking, how can you save money while still enjoying a stress-free ride? Read on to learn more.
1. Book early to lock in the best rates.
Rental car prices can skyrocket as demand increases, especially during peak travel seasons. The earlier you book, the better your chances of securing a lower rate. Many rental companies allow free cancellations, so you can reserve now and rebook if prices drop.
Pro Tip: Once you reserve your car, set a weekly calendar reminder to check if the rate has dropped. Then, as long as there are no fees, you can cancel and rebook.
2. Compare prices across multiple platforms.
Don’t settle for the first price you see. Use comparison websites like Expedia, Kayak, or Priceline to check rates across different rental companies. Also, visit rental agency websites directly—sometimes they offer exclusive discounts not available on third-party platforms.
3. Shop coupons and specials.
Many rental companies offer online coupons. Try sites like AutoSlash to do a search for those discounts. Also, if you bundle car, hotel and airfare, you can get additional savings. If you’re driving long distances, check out the weekly rate, which often averages out to be cheaper per day. See if there is a cost to returning the car early. Ask if there is a discount if you prepay. Just keep in mind that paying in advance could mean it’s nonrefundable.
Pro Tip: Follow social media accounts for car rental companies or sign up for their newsletters to get a heads up on specials.
4. Leverage membership discounts.
Are you a member of AAA, AARP, or a teacher’s union? Maybe you belong to a warehouse club or are a frequent flyer. These organizations negotiate for better rates on rental cars and provide discounts to their members. Additionally, some credit cards offer rental car benefits, including discounts and insurance coverage, which can help you save even more.
5. Avoid airport pickups.
Picking up your rental car at the airport might be convenient, but it often comes with higher fees. Airports have high demand for vehicles, which can drive up rates. Consider renting from a location a short distance away—many off-airport locations offer lower rates, and the savings could outweigh the cost of a quick rideshare or shuttle ride. Make sure to check that there is accessible transportation there before you book. Also find out if you can return the car to the airport without additional fees.
6. Choose economy cars and fuel-efficient models.
Opting for a smaller, fuel-efficient car not only saves you money on the rental itself but also helps reduce gas costs. Unless you absolutely need an SUV or a luxury model, stick with an economy or compact vehicle to maximize savings. Plus, since economy cars are typically the cheapest and the most likely to be booked, there’s a chance they may not be on the lot, and you’ll be upgraded.
7. Stick to one driver.
Rental car companies usually charge a fee to add a second driver. Some companies waive that fee if you are married or have a domestic partnership. You do need to show driver’s licenses with the same home address. Others will waive the fee for a spouse if you join their membership program. Sometimes, your membership in organizations such as AAA or Costco can get you a free additional driver too.
8. Be smart about insurance.
Rental companies often push expensive insurance coverage at the counter, but you may not need it. Check if your personal auto insurance or credit card offers rental coverage—many policies do. Just be sure to confirm the details in advance to avoid unnecessary charges. This also goes for rental car insurance, which can be an add-on to your travel insurance policy.
9. Skip the extras.
Rental companies love to upsell add-ons like GPS navigation, satellite radio, and roadside assistance. Most of these extras are unnecessary—use your smartphone for navigation, stream music via Bluetooth, and check if your existing auto insurance or credit card includes roadside assistance. If you’re traveling with a small child and need a car seat, bring your own or borrow one from a friend at your destination. That can save you as much as $10 per day.
10. Understand the fuel policy.
The “prepay for fuel” option might sound convenient, but it often leads to overpaying for gas. Instead, opt for the “return with a full tank” policy and fill up at a nearby gas station before dropping off the car. Just be sure to keep your receipt in case there’s a dispute.
11. Watch out for hidden fees.
Read the fine print carefully. Some companies charge extra fees for additional drivers, young drivers, early returns, or late drop-offs. Understanding these fees upfront can help you avoid unexpected costs.
12. Consider alternative car rentals.
Traditional rental companies aren’t the only option. Services like Turo and Getaround let you rent cars from private owners, often at lower rates than corporate agencies. There are also car sharing clubs which require a monthly fee. Just be sure to check the terms, insurance coverage, and reviews before booking.
Remember, whether you’re renting for a weekend getaway or a weeklong road trip, having the right insurance coverage is essential. Before you hit the road, check with your insurance provider to ensure you’re fully protected. Safe travels from all of us here at California Casualty!
This article is furnished by California Casualty, providing auto and home insurance to educators, law enforcement officers, firefighters, and nurses. Get a quote at 1.866.704.8614 or www.calcas.com.
Your garage is more than just a place to park your car. It’s a space brimming with potential—whether as a storage haven, a home gym, or even a workspace. But if it’s cluttered, outdated, or simply an afterthought, it might not be adding as much value to your home as it could. Here’s how a few strategic updates can make all the difference.
The First Step: Take a Hard Look at Your Garage
Before you start transforming your garage, take a step back and assess its current state. Is it simply a parking space, or do you use it for storage, projects, or workouts? Look for structural issues—cracks in the foundation, roof leaks, signs of critters or water damage. Understanding what you have (and what you need) will help you prioritize the best upgrades. Make sure to address any issues before you take the next step.
Your garage door plays a big role in both security and curb appeal. If it’s outdated or difficult to operate, consider replacing it with an insulated, easy-to-use model. Automatic doors add convenience, while lightweight aluminum doors are a sleek, modern option. Choosing a color that complements your home’s exterior can elevate your property’s appearance instantly.
Climate Control: Stay Comfortable Year-Round
Extreme temperatures can make your garage unbearable. Insulating the walls and ceiling can help protect your car and stored belongings while making the space more usable. Weatherstripping the garage door reduces drafts, while a properly vented space keeps carbon monoxide from seeping into your home. Depending on your budget, options range from simple portable heaters and fans to a fully integrated HVAC system.
Garages tend to accumulate everything from holiday decorations to sports gear. A well-organized space makes life easier and more appealing to future buyers. Invest in heavy-duty plastic bins, labeled and neatly stacked on secured shelving. Pegboards are a great way to hang tools, while overhead storage is perfect for seasonal items, luggage, and bulky equipment. Keeping things off the floor not only maximizes space but also prevents damage from spills or moisture.
A dimly lit garage feels uninviting and unsafe. Install bright, energy-efficient LED lighting to make the space more functional. Motion-sensor lights outside improve security, while decorative sconces add a polished touch. If your budget allows, consider skylights or additional windows to brighten the space.
Durable & Stylish Flooring Options
Your garage floor takes a beating, so upgrading it can enhance durability and aesthetics. Epoxy coatings seal porous concrete, making cleanup easier and preventing stains. If you prefer a high-end look, polished concrete provides a sleek finish. Interlocking tiles in rubber, plastic, or vinyl offer cushioning and are easy to install, while rollout mats provide simple protection against stains. For cold climates, radiant heating under the floor can add comfort and melt snow from your car.
Power Up: Add More Electrical Outlets
A well-wired garage is essential for both convenience and safety. Installing multiple GFCI-protected outlets ensures you have enough power for tools, appliances, and even an electric vehicle charger. If you frequently work in the garage, proper wiring will prevent overload issues and enhance usability.
Plumbing for Extra Functionality
Adding plumbing can transform your garage into a more functional space. A utility sink makes cleanup easier, while a mudroom or pet-washing station can be a game-changer for active households. If you’re considering a larger renovation, incorporating plumbing could even allow for a future guest suite or apartment above the garage.
Keep It a Garage—But Make It Shine
While it may be tempting to turn your garage into a game room or art studio, think twice before eliminating its primary function. Most buyers want a place to park their car, and repurposing the garage completely can hurt resale value. However, if you’re considering adding a finished living space above the garage, that can be a big selling point—especially if it includes a kitchen and bathroom. Just be sure to check local zoning laws and secure the necessary permits before starting construction.
Your garage is a major focal point of your home’s exterior, so make sure it looks the part. If the outside appears worn or outdated, it can negatively impact your home’s perceived value. Consider upgrading the garage door with a stylish design like a carriage house or modern paneling. Fresh paint, decorative hardware, and window boxes can also make a significant impact without a hefty price tag.
Since garages often provide direct access to the home, security is crucial. Installing a security system with cameras and motion detectors can deter potential intruders. Smart locks and keypad entry systems enhance protection while adding convenience. Inside the garage, be sure to have a fire extinguisher, smoke and carbon monoxide detectors, and a first aid kit. Regularly inspect for hazards like exposed wires or leaks and address them promptly.
With the right upgrades, your garage can be more than just a place to park—it can enhance your lifestyle, increase your home’s value, and even improve safety and security. Whether you’re planning small improvements or a major transformation, investing in your garage is an investment in your home’s future.
This article is furnished by California Casualty, providing auto and home insurance to educators, law enforcement officers, firefighters, and nurses. Get a quote at 1.866.704.8614 or www.calcas.com.
You love your car’s technology—keyless entry, GPS navigation, smartphone connectivity, and even self-driving features. But while these make driving easier, they also open the door to cyber threats. Just like your computer or phone, your car can be hacked, putting your personal data and even your safety at risk. So how can you stay one step ahead of cybercriminals? Here’s what you need to know to keep your car’s technology secure.
Understanding Your Car’s Vulnerabilities
One of the main entry points for cyber-attacks is the car’s infotainment or navigation system, which connects to the internet and often stores personal data such as contacts, locations, and music preferences. Additionally, many newer vehicles come equipped with Wi-Fi hotspots, allowing multiple devices to connect. While convenient, these features can also be exploited if not properly secured. To reduce risk, limit connections to trusted devices only and review your list of connected devices regularly. Be cautious when using third-party apps and services for navigation, entertainment, or remote control, as they can introduce vulnerabilities.
Beyond infotainment, various vehicle systems are also connected to the internet, including mileage tracking, tire pressure monitoring, fuel usage, braking data, and engine diagnostics. While this connectivity is helpful, it can also be a target for hackers. Check with your car dealer about the cybersecurity measures in place to protect your vehicle’s systems.
Protecting Your Key Fob
Your key fob, which grants access to your car, can be an easy target for hackers. Criminals use electronic signal amplifiers to intercept your fob’s signal, sometimes from up to 100 feet away, potentially unlocking and even starting your car without your knowledge. To prevent this:
Store your key fob in a metal box or an RFID-blocking pouch to prevent signal interception.
Some key fobs allow you to disable the wireless signal manually—check your vehicle manual to see if this feature is available.
Wrapping your fob in aluminum foil can also help block signals in a pinch.
Manually locking your doors is an extra safeguard, as some thieves use signal jammers to make you think your car is locked when it isn’t.
Keep Your Car’s Software Up to Date
Software updates are crucial for fixing security vulnerabilities. Cybercriminals often exploit outdated software to gain access to a vehicle’s systems. To protect yourself:
Bring your car to the dealer for routine software updates.
Check your manufacturer’s official website for downloadable updates.
Stay in contact with your car manufacturer to receive notifications about recalls.
Check gov for any relevant recalls affecting your vehicle.
Be Wary of Mechanics and Counterfeit Parts
Your mechanic has access to your car’s onboard diagnostics, which contain valuable data. While most mechanics are trustworthy, some may use this access to replicate keys and steal vehicles. Additionally, counterfeit parts pose not only cybersecurity risks but also physical safety concerns. Always ensure that you’re getting certified parts and working with reputable mechanics.
Be Cautious with Your OBD-II Port
The OBD-II port is a diagnostic access point that allows mechanics to check engine performance and retrieve vehicle data. However, leaving devices plugged into this port, such as insurance tracking devices, can make your car more vulnerable to cyberattacks. If you don’t need a device plugged in, remove it to reduce risk.
Extra Layers of Security
You can take simple steps to make it harder for a hacker to access your vehicle.
Invest in a steering wheel lock. Even if a hacker gains electronic access to your car, they won’t be able to drive away with a physical lock in place.
Turn off Bluetooth when not in use. If you’re not actively using Bluetooth, disable it to prevent hackers from getting to your phone or vehicle data.
Secure your Wi-Fi password. If your car has Wi-Fi-enabled remote features, change the default password and enable two-factor authentication if possible. Never leave your password written down in your car and make sure to regularly update it.
Disable remote systems when not needed. Features that allow remote unlocking, starting, or tracking should be turned off when not in use to minimize potential entry points for hackers.
Avoid Phishing Scams
Cybercriminals often use phishing tactics to gain access to vehicles. They may send fake emails with malicious links or attachments that install malware on your car’s system. Since cars lack built-in malware protection, these infections can be hard to detect. Protect yourself by:
Verifying messages from your car manufacturer before taking any action.
Watch for Suspicious Activity
If you notice unusual behavior in your vehicle, such as unexpected setting changes, new sounds, or erratic electronic functions, it could be a sign of hacking. If anything seems off, contact your dealer or manufacturer immediately to investigate potential breaches.
By staying vigilant and following these cybersecurity measures, you can enjoy your car’s advanced technology while keeping it safe from hackers.
Finally, protect your vehicle with the right insurance for added peace of mind. Safe travels from all of us at California Casualty.
This article is furnished by California Casualty, providing auto and home insurance to educators, law enforcement officers, firefighters, and nurses. Get a quote at 1.866.704.8614 or www.calcas.com.
Thinking about going green with your next vehicle? Hybrid and electric cars both offer fuel savings and eco-friendly benefits, but which one is the better fit for your lifestyle? From driving range to charging convenience—and even how they handle in different weather conditions—we’ll break down the pros and cons to help you decide.
What’s the difference?
Hybrid Vehicle: A hybrid car has a gasoline engine and an electric motor. The gas engine and battery-powered motor work together to improve fuel efficiency and reduce emissions. Hybrids don’t need to be plugged in because they recharge the battery while you drive.
Electric Vehicle (EV): An EV runs entirely on electricity. It has no gas engine—just a battery and an electric motor. EVs need to be plugged in to charge, and they produce zero emissions, making them an eco-friendly choice.
Pros and Cons
Let’s take a deeper dive and explore the pros and cons of each, including how they fare in extreme weather.
Hybrid Vehicles
Pros
Better Fuel Efficiency – Hybrids use less gas than traditional cars, saving money at the pump.
No Charging Required – The battery recharges while you drive, so there’s no need to plug it in.
Smoother, Quieter Ride – The electric motor helps reduce engine noise and provides a seamless driving experience.
Longer Driving Range – Since hybrids use both gas and electricity, you won’t have range anxiety like with some EVs.
In Extreme Weather…
Quick Warmup – A hybrid may be safely driven with only a short warmup—about a minute in cold weather.
Less Affected by Cold Weather – Since hybrids have a gas engine, they don’t rely solely on battery power, which helps maintain performance in freezing temperatures.
No Need for Charging – Unlike EVs, hybrids don’t depend on charging stations, which can be slower or less available in extreme conditions.
Consistent Range – Cold or hot weather has less impact on a hybrid’s driving range compared to a fully electric vehicle.
Cons
Less Fuel Savings Than an EV – Hybrids still rely on gas, so it’s not as cost-effective as a fully electric vehicle in the long run.
More Maintenance Than an EV – Since hybrids have both an engine and a battery system, they require more maintenance than an all-electric car.
Battery Replacement Costs – The hybrid battery can be expensive to replace, though it usually lasts many years.
In Extreme Weather…
Reduced Fuel Efficiency in Cold – The gas engine runs more often in low temperatures, slightly lowering fuel economy.
Battery Performance Can Drop – While not as noticeable as in EVs, extreme cold can still reduce battery efficiency.
Hot Weather Can Strain the System – High temperatures may cause the battery and engine to work harder, potentially leading to wear over time.
Electric Vehicles
Pros
Zero Emissions – EVs don’t burn gas, making them the most eco-friendly option.
Lower Operating Costs – Charging is often cheaper than fueling up, and there’s no need for oil changes or many traditional maintenance
Quiet and Smooth Ride – Electric motors make EVs nearly silent and provide instant acceleration.
Fewer Moving Parts – Less wear and tear means fewer repairs compared to gas or hybrid cars.
Incentives and Tax Credits – Many EV buyers qualify for government rebates and incentives, reducing the purchase cost.
In Extreme Weather…
Instant Start – EVs don’t have traditional engines that require oil or warming up, so they start instantly, even in freezing temperatures.
More Efficient in Stop-and-Go Traffic – Unlike gas-powered cars, EVs don’t waste energy idling, making them efficient in winter traffic jams.
Preconditioning Helps – Many EVs allow you to warm up or cool down the car while plugged in, reducing the impact on battery life.
Cons
Higher Upfront Cost – EVs can be more expensive than gas or hybrid cars, though prices are improving.
Limited Range – Some EVs can’t travel as far on a single charge as a gas or hybrid car can on a full tank.
Charging Time – Even fast charging takes longer than a quick stop at a gas station.
Charging Infrastructure – Public charging stations aren’t as common as gas stations, and home charging requires special installation.
Crash-related fires – Should a crash occur, and damage the battery, it could spark a fire. EV fires are much harder to control than those of gas-powered vehicles.
In Extreme Weather…
Cabin heat – It takes a lot of battery to warm the cabin. It’s better to warm the cabin while the car is still plugged in for about 5-10 minutes. Otherwise, you’ll reduce your driving range significantly.
More HVAC Impact – Heating and cooling the cabin draws power from the battery, further reducing range.
Reduced Range in Cold Weather – EVs can lose 10–36% of their range in freezing temperatures because the battery works harder.
Slower Charging in the Cold – Charging times increase in low temperatures, making it less convenient for road trips.
Hot Weather Can Overheat Batteries – High heat can degrade battery life over time and make charging less efficient.
Both hybrids and EVs typically cost more to repair than gas-powered cars due to specialized parts and technology (like battery systems). This can lead to higher insurance premiums. Talk to your insurer about a policy that’s right for your budget and needs.
This article is furnished by California Casualty, providing auto and home insurance to educators, law enforcement officers, firefighters, and nurses. Get a quote at 1.866.704.8614 or www.calcas.com.
Is your lease nearing its end, and you’re wondering whether to say goodbye or keep the keys? Buying out your leased vehicle can be a smart financial move—or a costly mistake—depending on your situation. With used car prices fluctuating and interest rates shifting, now is the time to weigh your options carefully. Should you purchase your leased car or walk away? Let’s break down the pros and cons to help you decide if this is the right road to take.
Why Consider Buying Out Your Lease?
Leasing a car allows you to make lower initial payments while giving you time to test the vehicle before committing to ownership. Many people lease because it offers flexibility, but when the lease ends, you must make the decision to buy or return the car. That depends on several factors.
Understanding the Buyout Amount
Most leases include a buyout option, meaning you can purchase the vehicle at a predetermined price set by the leasing company. This price, known as the residual value, is estimated at the start of the lease. If you choose to buy, you’ll need to pay the buyout amount, plus taxes, fees, and any remaining lease payments.
If you don’t have the cash to buy the car outright, you can finance the buyout. Keep in mind that financing comes with interest. Check out the current interest rate before committing to financing a buyout. Know that if you buy out your lease early, it may also come with additional fees. Importantly, going from a lease to financing a buyout could increase your monthly payments.
Evaluating Your Car’s Value
Before deciding, compare the buyout price with the car’s market value. Websites like Kelley Blue Book and Edmunds can provide an estimate, or you can visit another dealership to get an appraisal for your vehicle. If the buyout price is lower than the car’s market value, purchasing it may be a good deal. If it’s higher, walking away might be the better choice. If it’s close, it still may make sense to buy.
Considering Mileage and Condition
Most leases have mileage limits, typically 12,000 to 15,000 miles per year. If you’ve exceeded your limit, you’ll owe an overage fee—usually between 10 and 25 cents per mile. In this case, buying out your lease might save you money. While unused miles aren’t refunded, your car will likely be valued higher at a lower mileage.
Leasing companies expect the car to be returned in good condition. Any damage—such as dents, scratches, or cracked mirrors—could result in excess wear-and-tear fees. If you’re considering a buyout, repairing minor issues yourself can save you money. Also, remember that once you own the car, future maintenance and repairs will be your responsibility. A pre-purchase mechanical inspection is a good idea so there are no surprises down the road.
Your Personal Situation
Buying out your lease might make sense if:
You like the car and know its history.
You want to avoid the hassle of car shopping.
You prefer to keep a car that won’t immediately depreciate like a new vehicle.
Your transportation needs remain the same.
Turning in your car might make sense if:
You did not go over the mileage for your lease and the car is in good condition.
You prefer to lease another car.
Your transportation needs have changed.
You would like to purchase a new car or a used one.
If you’re trading in your leased car, dealerships may charge cleaning and prep fees. Buying it avoids these costs.
Can You Negotiate the Buyout Price?
It depends on your lease agreement. If the lease was written by the automaker’s finance division, the buyout price is usually non-negotiable. However, if a third-party bank holds the lease, they may be open to negotiation. Even if the buyout price is firm, you might be able to negotiate the fees.
Plan Ahead
Don’t wait until the last minute to decide. Start evaluating your options at least 90 days before your lease ends. This gives you time to:
Assess the car’s value.
Review your credit before applying for a loan.
Secure financing if needed.
Negotiate fees or buyout terms.
You can buy out your lease through the dealership or arrange independent financing through a bank or credit union. If financing on your own, you’ll need to send payment to the leasing company and visit the DMV to handle taxes and title transfer.
Insurance Considerations
Switching from a lease to ownership may impact your insurance rates. Review your policy and contact your insurance company to explore potential savings and coverage changes.
This article is furnished by California Casualty, providing auto and home insurance to educators, law enforcement officers, firefighters, and nurses. Get a quote at 1.866.704.8614 or www.calcas.com.
