re: New car totaled - value for insurance.

quote:

---

If you try to buy a 1 day old car that has 10 miles on it, you aren't going to get it for a big discount. It is also important to remember it should include taxes as well.

---

You very well might.

Someone wanted that specific car.
Paid a lot of money for the car.
And then suddenly didn't like the car.

If that isn't a red flag for a 2nd owner, I don't know what else is.

Also... a lot of insurance perks (gap coverage or new car replacement) require the buyer to be the first titled owner of the vehicle.
Sometimes you can't get gap coverage from an auto insurance policy as the 2nd owner of a vehicle.