16 And Seeing to Buy Camaro

[mike25]

Originally Posted by Parag

camaros are toys, not the best for an everyday driver, although alot do it. just being a camaro even if it is not the most expensive car in the lot, it will get picked on. if you have that much money, just keep it saved. pay cash for a car like everyone else would buy, a jeep or something. buy a camaro when you are out of college.

maybe invest in a tutor lol

the invoice is a set price from gm as is the msrp.
you probably will not get any new car below invoice nowadays dont plan on the impossible

not impossible at all to get a car priced under invoice....

[fielderLS3]

Originally Posted by blucrayon

I'm a careful driver, trust me.

That doesn't matter. Your insurance company will go nuts on your age along.

You say you have $18K saved for a car. Just out of curiosity, are your college expenses saved up for? What is the plan for that?

[blucrayon]

Originally Posted by Parag

no dude the insurance cost will be more than your payments.

I don't need any fancy insurance. Just $600/half-year is fine. Plus I get like what? ~$120 off with the Good Student discount?

[blucrayon]

Originally Posted by fielderLS3

That doesn't matter. You're insurance company will go nuts on your age along.

You say you have $18K saved for a car. Just out of curiosity, are your college expenses saved up for, or planned out yet?

My parents have that covered. UofM instate.
I like how the insurance is causing more problems than the car itself XD.

[Parag]

Originally Posted by blucrayon

I don't need any fancy insurance. Just $600/half-year is fine. Plus I get like what? ~$120 off with the Good Student discount?

my friend was paying 300 per month because he had tickets, and you cant choose what insurance you get, it is financed you have to have full coverage

[jasonsk287]

Originally Posted by blucrayon

I'm a careful driver, trust me.

While you might be careful, your age will definitely warrant the insurance company charging you an arm and a leg each month, even for basic coverage. Since you have $18k saved up, your insurance will almost definitely be higher than the actual car payment each month.

I argue that the 2LT is a great value (I only went 1LT because I prefer cloth over leather). If you go 2LT you won't be disappointed; and if you're willing to wait till next August, keep in mind that the '13s will be coming out by then and you should get a decent deal if you play your cards right. Good luck. As far as schools go, BE CAREFUL. Camaros in lots like that are just asking for scratches, dings, and other horrible things.

[blucrayon]

Originally Posted by Parag

my friend was paying 300 per month because he had tickets, and you cant choose what insurance you get, it is financed you have to have full coverage

What do you mean you can't choose?

[Parag]

if financed, they require full coverage

[blucrayon]

Originally Posted by Parag

if financed, they require full coverage

Ouch. How much is that on average for a 17 yr old?

[IBM]

Originally Posted by Parag

no dude the insurance cost will be more than your payments.

Insurance on a 2lt for a 16 year old isn't as bad as you think...

[fielderLS3]

Originally Posted by blucrayon

I don't need any fancy insurance. Just $600/half-year is fine. Plus I get like what? ~$120 off with the Good Student discount?

Have you actually priced insurance yet? When I was shopping, I priced a Camaro and ran it for age 17 just for the fun of it to see what came up. It was over $2000 for 6 months with all those discounts. Not a high priced company either. (Currently, I pay around $450 for 6 months for my 5.0 and Alero combined with the same company).

[Parag]

Originally Posted by blucrayon

Ouch. How much is that on average for a 17 yr old?

your parents will cosign right, so have it in their name, and it will be higher until you are not a driver listed in the house hold. i am 22 and mine is still in my parents name, because if it wasnt, i couldnt afford the car. mine is 96 a month for a 35,000 car

[blucrayon]

Originally Posted by Parag

your parents will cosign right, so have it in their name, and it will be higher until you are not a driver listed in the house hold. i am 22 and mine is still in my parents name, because if it wasnt, i couldnt afford the car. mine is 96 a month for a 35,000 car

I'm thinking of doing this: have my parents buy it, but I pay them for each month's mortgage, insurance, etc.
Thus, their credit (very good!), their insurance.

[Parag]

Originally Posted by blucrayon

I'm thinking of doing this: have my parents buy it, but I pay them for each month's mortgage, insurance, etc.
Thus, their credit (very good!), their insurance.

no cosign with them to build your credit, but your rate will be higher