have you thought about what happens if you get into an accident and don't have collision?

 

dude i got into and accident.. when i was 23.. it was my fault... and i got a ticket .... my insurance is now 150 a month.. it was 120 before

 

exactly I dont think its going to go up that much....

 

i did not bother to read through everything but I think what he wants is an older car he can just put liability insurance on

 

Depending on your loan, the deductible is required to be a specific amount, or less. My loan through GMAC is $500 or less, therefore, I can't raise it and pay a lower rate every month. I'm assuming that he is in the same situation.

It's also not possible to carry only liability while the car is under a loan. If the lender finds out, they place their own insurance on the vehicle and tack the cost onto the back of your loan.

I'm simply try to say this: You may be able to have a higher deductible because your lender has allowed it. Some can't.

 

exactly what sbd says and I kinda want an older and again you keep saying a reliable car. If a water pump goes or i need to replace a gasket it is alot cheaper and it is definetly cheaper then 250$ which is the amount a month ide save on car payments and insurance.

 

i'll ask again, have you thought about what happens if you get into another accident without your full coverage? then what.

 

supposedly, he can order every part from a 94/95 mustang through his work for super cheap. which doesnt make sense, I didnt think auto parts stores sold body parts...then his insurance would go up..then he would spend more time fixing his car than studying, so his grades would suffer... yes see this makes no sense..

 

Take this bit of advice from a guy who's had 3 cars in the past 3 years.

Like North keeps saying, talk to your insurance provider, (make sure you check EVERY insurance company, it's a bitch, but give it a shot.) With your loan, you're going to need to have full coverage. That's the law, and if it was me lending you the money, you can bet your ass I'd want you to have full coverage.

Now, about selling the car, unless you're planning on taking a big hit (used car, less desirable, damage) have fun trying to get the math to work out. If you try to sell it now, you're going to run into the winter months. Trying to sell any car in the fall and winter is dumb.

I had my old 99 TA up for sale from September till December. September I had a lot of calls and email...and then it trickled to a stop. From November until the end of February, nothing. Once people start getting spring fever then they start looking for cars.

But like North and others have said, you're better off keeping the cobalt, at least for a little longer, and then trying to sell it later for a decent price. That 3k you have saved up should go towards insuring the car, and then save up to pay the car off in full.

 

i didnt say i could order every part and understand what happens if i hit someone else with no coverage. i said i could order parts if they were to break.

 

youve rationalized this beyond reason, if you follow what im saying.

insurance is a waste of 150 a month? thanks for the laugh man.

let me know how much of a waste it is when you or another driver end up in a hospital or your car is totaled in some kind of accident.

newsflash: at your age youre going to have a hard time insuring most ANYTHING under 100 maybe 80 a month...why not do what makes the most sense in the long run and just keep the car.

talk to your insurance company about paying it all at once...most give a discount for doing so...

i agree, you gotta talk to them.

 

He speaks from truth and wisdom. We that have told you our thoughts are older and have been through all of this before. We come to you trying to pass on what we have learned. Some call us profits, I say we are just helpers of css.net.

I think your friend has helped talk you into this so he can pawn off his stang on you. I love stangs dont get me wrong, but the situation isnt in your favor. You have a great thing right now, yes it may cost more than you want but its better for a college student that has only 1 car, winter season, no time to do lots of work on the car and your age.

 

i work with insurance, farmers insurance, and a wreck usually raises from around 10-15% a month. so for you about 20 bucks. which is not horrible.

and at 21 your insurance will drop a little bit and than again at 25

 

oh yeah at 21 and 25 mine dropped...forgot about that. or if you get married..but dont do that ****, thats bad..

 

i'm surprised nobody has mentioned how hard it will likely be to sell an 07 SS/NA for 9K. SS/SCs regularly go for 10K now, i can't imagine many people not wanting to spend the extra thousand for an overall much better car.

 

yeah that was mentioned before..well that he wont get 9-10k like he thinks.

 

back from the dead....

with Farm bereau insurance my accident made my insurance jump 18% = 19 a month thats with full coverage.

 

19 a month more and you were freaking out? see thats not bad at all...just need to openly talk with your insurance company more. I would not sell a car and lose thousands over $19 a month...

 

myfriend already sold that mustang im still looking for a different car and right now ive tred a bunch of other insurance agencies and guess what? for full coverage im looking at about 420 a month sooooo that is a bit more then 20 bucks. And around my area 06 cobalt ss/sc are going for 14k plus. ifi can get 9 for mine i honestly wont feel that bad.

 

What's an N/A SS?

 

Lol, I wanna meet the fool who buy's that 2.4 SS for 10K....

 

oh thought you said it only jumped 19.

a 06 go for 14? lol yeah it might advertise at 14 no one will pay that though. Ive seen many listed for 14-17 here...did they sell? no .

So your current insurance co. just raised your price to $400 a month? dude if its 400 a month theres something you arent telling us. My highest was 220 a month with a accident on my record that wasnt my fault, a deer hit my car accident...so you either did a hell of something more and/or you arent telling us about something.

 

why would i hide stuff from pple i will never see or hear from? i hit a guard rail when i swerved to miss a deer and now when i tried to switch to metlife or geico it would be around 420. there is nothing i am hiding that is all there is.

 

you have any other accidents prior? its not even a real ss... call and ask what they would charge you for a SC ss or a TCss

 

yes i understand Ive looked and ive made sure all information is correct. again i think its just mass that makes it this high. In all honesty im gonna wait till nov to make a final decision because thats when i get the final quote from progressive. right now they say it will increase but wont give me a good estimate