A car's value can depreciate by up to 20% in its first year, according to Kelley Blue Book. If you're leasing or financing a vehicle, you could find yourself in a situation where the balance on your ...

Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing ...

Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she's still passionate ...

When purchasing or leasing a new car, you have several insurance coverage options. When selecting coverage, you will likely know if you want to have collision coverage or not, but will you know what ...

There’s nothing quite like the feeling of driving a brand-new car off the lot. The spotless interior, the gleaming paint, the distinctive “new car smell”-it’s a moment of pure excitement. You have ...

Gap insurance acts as a financial safety net for drivers who finance or lease a vehicle, covering the difference between the car’s actual cash value and the remaining loan or lease balance if the car ...

Forbes contributors publish independent expert analyses and insights. Jim Gorzelany is a veteran automotive journalist. If you’re headed out to take advantage of year-end new-vehicle clearance sales, ...

Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first ...

Gap insurance is specifically designed for drivers with outstanding loan balances on their vehicles. It is typically only available for brand-new vehicles or for models that are less than three years ...

About one in five motorists lease rather than own their car, according to data from Cox Automotive. Leasing can mean less money down and lower monthly payments than with a financed vehicle — not to ...