Quote:
Originally Posted by SkyZ
haha thats not how it works tho =p. if ur dad drives a car and if ur mom drives a car then if u guys get a third car then the insurance is going to assume you are primary on ONE of the cars (3 cars, 3 drivers they put 2 and 2 together) and charge u as primary on one of them. now the Z is like 3800 a yr... if ur parents are rich then they probably have nice cars too which wouldnt make much of a diff what ur insured on. its gonna be expensive.
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I'm pretty sure if you add a new car, an insurance company wouldn't necessarily assume that its for the kid. Very often parents get a new car and give the kid the older one, and if it happens to be nice, its still a really nice thing to do.
Now all of you people insuring it and registering it under a parent. Finance it yourself. Register it under your name. Put it on your PARENTS policy BUT put YOU as the primary driver.
If you say you are not the primary, you are lying. If you have it registered under dad's name, when you get pulled over for being dumb, the cop will think 'daddy bought this spoiled **** this car, so i'm gonna give him a ticket no matter what'
you still save a lot of money just being on your parents policy, you should put yourself as the primary driver because that is the right thing to do because YOU ARE.
if i was you, i'd live life to the fullest. whatever that means. If it means buying a 370z and living at home for 2-3 more years then so be it. If it means buying a used 350, and having more financial freedom then so be it. Just keep in mind, your interests may change. You may at one point sooner than you think, want to move out. If you spend less on the car now, you willl have more later to do other things with like buy a house, instead of pissing money away renting. I was in a siimilar situation as you. i chose to get the 370z. But i'm making more and have more put away and i already owned an 08 altima which i was able to sell and put towards the Z. You are in GREAT financial shape, no matter what decision you make here. You're 21 or however old with all that money in the bank and making a good salary.
i'm just saying, you may get into wanting to buy a house and you're gonna want it to be just as awesome as any car you'd have, so having money for that doesn't hurt.
food for thought: You could choose to eat cat food and live with your parents forever and buy a 92 geo metro. You'd have tons of money. But would you be happy?