re: At what point is it worth dropping collision insurance?

quote:

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If you're just going to save the note each month to buy a new, more expensive car later, just buy it now

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First, I'd be saving the interest of taking out another loan (however small that is in the grand scheme of things). Second, I work in the oilfield. I'm safe for now, but you never know. I'm fine with the current note I carry, but it'd be even more of an ease on my mind if I didn't have a car note to worry about if I lost my job. Went from being note free on both vehicles by next year, to possible getting back into the beginning of a loan. The idea of no note is nice. So there is a benefit to getting out of a note all together.