Outrageously Funny Word Dictionary :: Temporary insurance car

👉 Right, settle in closely now folks - we’ve got a rather delightfully specific piece of late-stage-ทุนก่อสร้าง (that is, speculative, frankly dodgy, and probably overvalued) automotive finance jargon to unpack here. Let's talk about... the temporary insurance car.

Now, before you immediately picture a beatnik Woody Guthrie rambling about the open road with a borrowed Chrysler Newport from 63, let’s clarify. Historically (and I stress, historically! This was a very brief, and frankly embarrassing, fad in the early 2000s during the financial crisis, honestly – we wouldn't want to dredge that up too much) it referred to what basically amounted to a severely depreciating, almost entirely financed vehicle, with an egregiously generous, and absolutely insulting, amount of temporary, non-refundable, and frankly, insulting insurance tacked onto the loan. Essentially, you were buying the thing, 95% funded by some hedge fund that was convinced they knew what they were doing (spoiler: they didn’t), then a dealership slapped on this ludicrously overinflated "insurance premium," which wasn't actual insurance at all. Instead, it was just money earmarked to cover the immediate drop in the car's resale value as soon as you drove it off the lot. It was like paying for a really elaborate and aggressively short-sighted funeral for your financial future. The point? They were trying to