subject: Avoid Car Insurance Problems With Foreign Cars [print this page] Many show interest in foreign cars with a want to show their status symbol. But they have to finally end up paying lot of amount for exchange charges when ever they have to import the spare parts from states where they have purchased the car. Some may import the car from China, Japan and some from US. The custom charges also will be more apart from the registration that you have to bear for the local transportation by that vehicle.
Also it is quite impossible to get the insurance amounts at very low price as they have to replace the car when in accident the whole car might get crashed or have to replacing the foreign car which is involved in accidents is highly risky hence the insurers also will not take it as ease even if you show a well maintained clean and green driving records.
It is always better that you never buy a car on sharing basis by your so called neighbor or friend unless you are familiar with him or are in association with him from years as you are not sure what is he doing when he is taking your car. Especially if your friend commits a small violation of rule with your foreign car then imagine the doubts that the cops will get about the car owner.
As the driver is careless it would be imagined that the owner is involved with some malpractices or involved in crimes and unnecessary investigations will fall on your head though you dont know any well known people of the state. Also not many insurers will be ready to insure the foreign cars. You cannot escape from very companies who insure car at very extremely high charges. Hence it is always better to purchase a local car and be safe in terms of insurance policies.
by: Thomas Smith
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