Significant Auto Insurance

The devastating Japanese earthquake this spring continues to send ripples through the automotive industry, causing prices to increase. The average price of a new car is up $350 this year, according to Edmunds.com. Not only did Japanese carmakers stop production, but parts shortages have forced other car manufacturers to slow down, Forbes reports. This is causing dealerships to have lower inventories and offer fewer incentives. Worth the wait Some experts believe car shoppers who are interested in buying a new car may want to wait until later in the year until production can get back to normal, the media outlet reports. For individuals who have a lease expiring in the next few months, trying to extend it through the end of the year may be beneficial. Taking over the end of someone elses lease is also an option individuals may want to consider.

Read The Full Article…