First Car

[DruelFish]

I took ages to get to my first car, but my parents refused to insure me, which in Ontario is brutal for a single male driver under 25. I'm 19 now, with a slowly receding hairline, just got off of a bad round with alcoholism, and am back with my parents (after a year of college... waiting until i start another program next year).

SO... I always wanted a mustang, and they look better to me every year. But obviously since i'm dirt broke its going to have to be a finance deal, and I think the overall value of the car is going to have to start at under $13,000 Canadian. Which restricts me to:

1994/1995 Mustang GT (with the 5.0 engine) convertible
1999 Mustang GT convertible (with HIGH mileage 150K miles type stuff)
1994/95 BMW 318i convertible (its a pansy ass flat 4, but everyone i've asked so far has said go for this, including girlfriend)

Unless i get the 1999, I wouldn't be satisfied with the way the body looked without a body kit (which I used to make fun of people for doing... but I really don't like the way the 94/95 looks without it). And I'd trade any girl in the world for a 2005 mustang but obviously can't afford that (unless maybe i get a 94/95 Mustang V6 convertible instead for only $6,000CDN and just wait).

What you guys think? Should i get a 94/95 V6 convertible for cheap ($6K CDN) and wait until i can go for the 2005? All I'd end up doing is putting on a body kit, and painting the interior removeable plastics.

 

[jadesville]

Why do your parents refuse to insure you?

 

[66Satellite]

1994/1995 Mustang GT (with the 5.0 engine) convertible

 

[ponyboy66]

Why do your parents refuse to insure you?

Probably for the same reason I refused to insure my three kids.
They want to drive? It's gonna cost. They pay their own or they don't drive.
Very simple.

 

[Hotdog]

Probably for the same reason I refused to insure my three kids.
They want to drive? It's gonna cost. They pay their own or they don't drive.
Very simple.

My parents did the exact same thing to me when i was a kid. So what did i do? Got a job saved up and bought a car and drove without insurance wile telling my parents i had it all along. I ended up hitting some guy in a brand new Suburban (at the time it was new) I was in an old clunker truck, that thing was tuff as a tank. Any way my parents got sued for $25,000 in damages and what not. My parents lost the case and had to pay, they where super pissed and were making me pay them back. Me and my dad got in big argument because i quit my job so i wouldn't have to pay them. All i needed was a little help on insurance, if they where going to be to mean and not help their kid out so he could get to school and his job then i wasn't about to be nice and pay all that money. Any way some how it turned out that i shared no accountability to pay them back or any thing. I don't know how it got set up that way. To make a long story short i didn't pay them back, and in a year i turned 18. They tried to sue me for half of the amount they paid, and they lost the case. Haven't spoken to them since. and its been many years.

So i will probably help my kids out with insurance if i ever have any.

 

[UVBNHAD]

Probably for the same reason I refused to insure my three kids.
They want to drive? It's gonna cost. They pay their own or they don't drive.
Very simple.

You shouldn't refuse to insure your kids. It's just asking for trouble. If anything, make them pay for part of their insurance. My parents made me pay for about a third of my insurance and as long as I paid them and worked for it they had no problem. Besides that, the insurance companies are so completely corrupt adults can barely pay the premium, let along kids who have to work part time jobs...

 

[ponyboy66]

You shouldn't refuse to insure your kids. It's just asking for trouble. If anything, make them pay for part of their insurance. My parents made me pay for about a third of my insurance and as long as I paid them and worked for it they had no problem. Besides that, the insurance companies are so completely corrupt adults can barely pay the premium, let along kids who have to work part time jobs...

Paying for the kids insurance teaches them what?
That they can get stuff handed to them?
Don't think so.
If it's asking for trouble then they weren't raised right.
My folks never paid a dime of my insurance and my dads folks his.
My kids pay for their own insurance gas and entertainment. Helping them out as you say is teaching them how to be responsible adults and you don't do it by giving everything to them. If they get in a pinch and need a new radiator for 200 bucks. I loan them the money. That's helping out. You might as well pay for the car as well. The gas. All their entertainment and anything else they want. That would really help them out.

 

[Hotdog]

Paying for the kids insurance teaches them what?
That they can get stuff handed to them?
Don't think so.
If it's asking for trouble then they weren't raised right.
My folks never paid a dime of my insurance and my dads folks his.
My kids pay for their own insurance gas and entertainment. Helping them out as you say is teaching them how to be responsible adults and you don't do it by giving everything to them. If they get in a pinch and need a new radiator for 200 bucks. I loan them the money. That's helping out. You might as well pay for the car as well. The gas. All their entertainment and anything else they want. That would really help them out.

Helping out Probably instills all of the same lessons you are trying to teach your kids by being a penny pincher. If you pay just a little bit of the bill for them to make the load a little less then aren't you still teaching them that they don't get things for free. They are still working for their insurance, but with the premiums of today kids are probably more likely to drive with out it. None of my friends had insurance, some still don't. Thats taking a bit of a risk on your part since you as a parent could get screwed like my parents did. Unfortunately its people like you that raise citizens that are more of a burden to society than any thing else. Kids work their ass of with high school and crapy jobs as it is. Comes college time their to burnt out and have to many bills to do any thing worthwhile like go to college. Yea you really helped them out didn't you, all to save a few bucks.

 

[DruelFish]

WTF

I wasn't asking them to pay for jack ****. I was asking them to put the insurance in their name, so it didn't cost $8,500/year. (That's literally what it would cost, $4,500 per year for a V6). I was gonna pay for the car myself, pay the insurance monthly, and everything else, they didn't have to pay anything except insure my car, which they would also have ownership over (in their name).

I didn't think it was asking too much but apparently it was. The way that the insurance system is set up is unfair. A kid who doesn't have parents who are rich enough to pay for everything for his ass or willing to put it in their name at his expense, simply doesn't have transportation because of how the premiums are stacked. They set up so that unless you have someone old signing for you, you aren't getting on the road. There is no evidence that this has affected collision rates, in fact, most collisions by youth involve kids who stole a car, or were paid for in full by their parents. A guy like me who is putting his own time and effort into a car isn't going to trash it. I don't deserve to be paying those kinds of ridiculous rates. Every year business majors do papers on the insurance companies and show how the numbers set by their actuaries are bull****, and create a fake brickwall against teenage automobile fatalities through ridiculous price fixing.

Just to get my license in Ontario I had to go through 3 different steps and 2 driver training courses, and I'm not even done yet. We're by far the best trained drivers on the road course wise. Sure experience is the best thing to have but there's no opportunity to get it with the way things are.

Yeah boo hoo nice story ***got, is what you're probably thinking, but I've been driving without insurance, and if I hit you, just suck it down, because i'm not stopping.

 

[ponyboy66]

Helping out Probably instills all of the same lessons you are trying to teach your kids by being a penny pincher. If you pay just a little bit of the bill for them to make the load a little less then aren't you still teaching them that they don't get things for free. They are still working for their insurance, but with the premiums of today kids are probably more likely to drive with out it. None of my friends had insurance, some still don't. Thats taking a bit of a risk on your part since you as a parent could get screwed like my parents did. Unfortunately its people like you that raise citizens that are more of a burden to society than any thing else. Kids work their ass of with high school and crapy jobs as it is. Comes college time their to burnt out and have to many bills to do any thing worthwhile like go to college. Yea you really helped them out didn't you, all to save a few bucks.

I don't want to get into a peein match here. Everyone has their own method.
I know the one I grew up on worked. I know the same one I used with my kids and it worked. My kids are not a burden to society, quite the contray. I have a college graduate daughter who bought her first house when she was twenty. She did get a little help with that. A gift from us. I have a son that bought his own place and again is no burden to society. I'm not sure where you get that from, but it is just the opposite that is true. It is the people who bring their kids up giving them everything they want that become budens. They get to the real world and mom and dad aren't there to hand stuff to them and they get in holes that they can't get out of. They run credit cards up, buy way beyond their means and then blame everyone else for not helping them. Paying a little bit is far from paying the insurance. In the first post it states that "my parents refused to insure me". Implying that he intended for them to pay for it all. You can do what you what do want. You also have to pay any and all costs as a result of your actions. If a parent doesn't know their kid doesn't have insurance then there is something seriously wrong there as well. I didn't say I left my kids to fend for themselves. It is my responsibility to make sure they are paying the premiums and keeping the plates up to date. If I fail at this I fail as a parent. It is my responsibilty to give them the direction they need to be successful adults, contributors to society and for them to have some moral foundation to raise their own kids which they are raising three grand children for me now. Oh, and this isn't about pinching pennies. I've got plenty of them. I've been working my tail off for the last 35 years to get where I'm at. I could buy their insurance, make their car payments and one of the kids house payments.

 

[DruelFish]

Cool

On a lighter note, I saw a nice '92 5.0L convertible. For some reason I like that boxier body better than the 94/95, especially in a glossy colour like Red or Black.

Is that a good idea to get? The only problem is that the interior looks like complete ****, any room for improvement there? I wouldn't need a body kit on it (and could still make fun of ricers) so I could use the money I save there on interior improvements. And I can get one of those 5.0L convertibles from 90-93 for around $6K CDN.