I used to work in car insurance and we couldn’t add a 350 to a personal policy bc it’s so big it was considered a work vehicle. Rapid edit: thought you meant ford F350 not Nissan, which may change some numbers here, but not significantly.. however, the 350z isn’t a work vehicle of course. Why in the world do you need a 350, or any car when you turn 17? Sounds like you need to get a job first to have a legitimate reason to need a car.
You also probably can’t open your own insurance policy at 17 so you need to ask your parents and call and see what quotes are. No one can give you a good guess but I mean at least 250-300 a month on that car. Depends on a lot of factors. But if you have a 300 car payment and a 300 insurance payment can you pay $600 a month on a theoretical $11? Include $100 in gas a month. $700 a month for a car. You would have to work 70 hours a month, minimum, comfortably 20 a week. To me that isn’t excessive and I worked 20 hours a week stating at 16 but if you play school sports or have other commitments that may not be feasible.
Do you have anything saved for a down payment or are your parents helping? Bottom line is no, you can’t afford this. Also you need to get the numbers first then make a decision on a car second. Statistically, you will crash your first car, so it’s best to get a beater.
wordcabbage t1_j6mjfce wrote
Reply to Which work do I pursue? by V3R2AC3
I used to work in car insurance and we couldn’t add a 350 to a personal policy bc it’s so big it was considered a work vehicle. Rapid edit: thought you meant ford F350 not Nissan, which may change some numbers here, but not significantly.. however, the 350z isn’t a work vehicle of course. Why in the world do you need a 350, or any car when you turn 17? Sounds like you need to get a job first to have a legitimate reason to need a car.
You also probably can’t open your own insurance policy at 17 so you need to ask your parents and call and see what quotes are. No one can give you a good guess but I mean at least 250-300 a month on that car. Depends on a lot of factors. But if you have a 300 car payment and a 300 insurance payment can you pay $600 a month on a theoretical $11? Include $100 in gas a month. $700 a month for a car. You would have to work 70 hours a month, minimum, comfortably 20 a week. To me that isn’t excessive and I worked 20 hours a week stating at 16 but if you play school sports or have other commitments that may not be feasible.
Do you have anything saved for a down payment or are your parents helping? Bottom line is no, you can’t afford this. Also you need to get the numbers first then make a decision on a car second. Statistically, you will crash your first car, so it’s best to get a beater.