How much, on average with the top car insurace companies will the yearly or monthly bill cost for a single person driving a 2 door coupe with a clean history? Also how much would it cost for somone under their parents auto insurance policy and if you know, what is the percentage increase in the monthly/annually percentage rate compared to a suv? I want to buy a sports car but my parents are giving me crap about it being too expensive even though im offering to pay for it.
Instead of having us completely guess why not call your insurance agent and get an actual quote? Not only would it take less time, but it would actually be right.
I make 700$ a month and have a 250$ car payment, should i be able to manage and still have some cash left?
Montaya
You have a car now with a $250 payment and you want a new car? or the payment on the mustang would be $250 a month?
If you have a working vehicle now, don't buy a new car. You're only making $700 a month, it isn't worth it. If you have a car now, that works and gets you from point A to point B then stick with it.
It shouldn't be too high. I'm only 16 and I own a 2006 Mitsubishi eclipse (gs). I'm under my parents and I only pay $170 a month. Only thing is I own the whole car, no payments. I also live in Washington state, so yours may be lower or higher depending on where you live.
It shouldn't be too high. I'm only 16 and I own a 2006 Mitsubishi eclipse (gs). I'm under my parents and I only pay $170 a month. Only thing is I own the whole car, no payments. I also live in Washington state, so yours may be lower or higher depending on where you live.
jq98
A Mustang GT is around $8K more than an Eclipse GS.
You may have the money now for the car and insurance payments. However, soon you will have more responsibilities and bills and your available budget shrinks. For instance,I graduated from college and came back to live with my parents for a while. I good a decent job and bought a nice car and the insurance is $100 per month. I have more than enough money for that. However, now I want to move into an apartment, and suddenly, I realize I'm spending a huge chunk of change on my car. I'd rather have a more average car and a nice apartment than the other way around. A car is a long term commitment (I've got 5 years left on my loan). Listen to your parents: they are considering factors that you aren't.
Im not going to a car dealerrship and buying a brand spanking new car for 25K$, i was going to buy a used mustange gt around the price range of 7k$ and should be able to pay it off within several years, no big deal really. And soon, i will get promoted so it makes paying for it even easier, and i dont have to worry about getting an apartment or any of that stuff in two years anyways.
Here's my advice: sell the car. It's not worth it, at 18 you should be looking at how to afford rent for an apartment. If you're paying car payments, that tells me that you're not a rich kid who's parents bought it for you. I just bought a 2001 Hyundai for $4,500 in cash. Insurance is cheap, and now I have the money for my own place. Cars get you from A to B. Another factor you're not considering is the expense of gas. Dude, you're going to have NO money. What's the point in having a car if you can't have fun money?
Im not going to a car dealerrship and buying a brand spanking new car for 25K$, i was going to buy a used mustange gt around the price range of 7k$ and should be able to pay it off within several years, no big deal really. And soon, i will get promoted so it makes paying for it even easier, and i dont have to worry about getting an apartment or any of that stuff in two years anyways.Montaya
Where exactly are you going to find a GT for $7K? And even so, it'll be a complete POS if you find one.
[QUOTE="Montaya"]Im not going to a car dealerrship and buying a brand spanking new car for 25K$, i was going to buy a used mustange gt around the price range of 7k$ and should be able to pay it off within several years, no big deal really. And soon, i will get promoted so it makes paying for it even easier, and i dont have to worry about getting an apartment or any of that stuff in two years anyways.B05T0N
Where exactly are you going to find a GT for $7K? And even so, it'll be a complete POS if you find one.
they pop up ever once in a while on craigslist in my area and are in good order and dealership guraneteed under 100k miles. And like i said, i dont have to worry about bills for several years aside from my car payment and a little portion of insurance money i have to contribute to my parents. anyways thanks for the input, i have a better general idea of howmuch this is going to cost.
[QUOTE="B05T0N"][QUOTE="Montaya"]Im not going to a car dealerrship and buying a brand spanking new car for 25K$, i was going to buy a used mustange gt around the price range of 7k$ and should be able to pay it off within several years, no big deal really. And soon, i will get promoted so it makes paying for it even easier, and i dont have to worry about getting an apartment or any of that stuff in two years anyways.Montaya
Where exactly are you going to find a GT for $7K? And even so, it'll be a complete POS if you find one.
they pop up ever once in a while on craigslist in my area and are in good order and dealership guraneteed under 100k miles. And like i said, i dont have to worry about bills for several years aside from my car payment and a little portion of insurance money i have to contribute to my parents. anyways thanks for the input, i have a better general idea of howmuch this is going to cost.
I just looked it up. Anything that's a GT is going to have heavy usage and is the definition of a beater. I'd suggest you worry more about practicality than how cool you look.Â
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