Effin A! Gosh Darn It!
Senior Member
Joined: May 2003
Posts: 635
From: Orange County, NY
Amp is the only one that seemed to ask what I was going to ask...and was it Answered?
Did you take out a Car loan for the FD, then a personal loan for fixing it up?
A car loan means the title has a lien on it (the bank), because technically, its the banks car until you pay them back! So they want to keep *their* car fully insured.
My friend Joe did the same thing, took out a small car loan for a smaller project FD. However, he can make the payments, plus the full coverage insurance payments, while also throwing down some money to fix it up.
These cars are no joke. And as much as you want to be a "baller" or "cool", to me it's never worth the headache and limit to your freedom that such a debt can have on your life. $750 insurance payment?! It should be like $300 max, that other $350 can go towards saving towards a down payment on a house someday, or for an "Oh ****" savings acct. when your alternator go's and the FD needs a timing belt (I Kid!), or even a Roth IRA investment.
The attention can be cool, I guess, it's rarely what you think it would be. Nobody cares, and in the end I don't care either.
Drive what you like and like what you drive, but don't sacrifice your financial freedom, let alone freedom to do other expensive things like small trips (from snowboarding to going to the movies) for the sake of a stupid car.
Did you take out a Car loan for the FD, then a personal loan for fixing it up?
A car loan means the title has a lien on it (the bank), because technically, its the banks car until you pay them back! So they want to keep *their* car fully insured.
My friend Joe did the same thing, took out a small car loan for a smaller project FD. However, he can make the payments, plus the full coverage insurance payments, while also throwing down some money to fix it up.
These cars are no joke. And as much as you want to be a "baller" or "cool", to me it's never worth the headache and limit to your freedom that such a debt can have on your life. $750 insurance payment?! It should be like $300 max, that other $350 can go towards saving towards a down payment on a house someday, or for an "Oh ****" savings acct. when your alternator go's and the FD needs a timing belt (I Kid!), or even a Roth IRA investment.
The attention can be cool, I guess, it's rarely what you think it would be. Nobody cares, and in the end I don't care either.
Drive what you like and like what you drive, but don't sacrifice your financial freedom, let alone freedom to do other expensive things like small trips (from snowboarding to going to the movies) for the sake of a stupid car.
Senior Member
Joined: Dec 2003
Posts: 464
From: Mississippi
[quote name='CletusFD3S' date='Jul 23 2005, 12:06 PM']no my dad was in SD not living there and it is $47 every 6 months.
[/quote]
for insurance on a FD?
Unless you are commiting some unknown form of insurance fraud, there's no way. I don't and won't believe it.
[snapback]741933[/snapback]
[/quote]
for insurance on a FD?
Unless you are commiting some unknown form of insurance fraud, there's no way. I don't and won't believe it.
Senior Member
Joined: Jul 2002
Posts: 2,467
From: Portland, OR
Dad's insurance policy in his name only, comprehensive only, It's a little easier to believe at $47 a month for six months, but $47 for six months, yeah, where are my hip waders? The bullshit is getting waist deep in here!
Super Moderator
Joined: Feb 2002
Posts: 12,288
From: Amityville, New York
[quote name='venomrx7' date='Jul 23 2005, 04:22 PM']for insurance on a FD?
Unless you are commiting some unknown form of insurance fraud, there's no way. I don't and won't believe it.
[/quote]
if they gave him aggreed value/classic car insurance its very possible
Unless you are commiting some unknown form of insurance fraud, there's no way. I don't and won't believe it.
[snapback]741940[/snapback]
[/quote]
if they gave him aggreed value/classic car insurance its very possible
Senior Member
Joined: Dec 2003
Posts: 464
From: Mississippi
[quote name='Rob x-7' date='Jul 23 2005, 05:57 PM']if they gave him aggreed value/classic car insurance its very possible
[/quote]
Agreed value... lol.. your FD is now worth $1.75 as far as your insurance agency is concerned.
And I seriously doubt they would give classic car insurance. Cars are only eligible when they are at least 25 or 30 years of age depending on the state (at least in the states that I know of)
[snapback]742006[/snapback]
[/quote]
Agreed value... lol.. your FD is now worth $1.75 as far as your insurance agency is concerned.
And I seriously doubt they would give classic car insurance. Cars are only eligible when they are at least 25 or 30 years of age depending on the state (at least in the states that I know of)
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