:( prob gonna sell it all.
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From: ɯooɹpǝq ɹnoʎ
Vehicle: ǝdnoɔ sısǝuǝƃ
<div class='quotetop'>QUOTE (faithofadragon)</div><div class='quotemain'>lol it would be cheaper to move and pay for a apartment than it would be to stay and pay that much for insurance</div>
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got some bad news for all of you guys hoping for parts. i think i just worked something out with my insurance situation. and for anyone who cares about that. I am going to be emtying my savings to pay off my loan, which will make me eligable for the bottom of the barrel insurance so i can get it for 162 per month. with the loan out i would have been forced to keep full coverage, which would kill me. And the money i am saving from insurance and no car payment will go back in the bank. just gotta hope i dont get in any accidents, or i will suffer.
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Joined: Mar 2002
Posts: 34,642
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From: Los Lunas, New Mexico, USA.
Vehicle: 2001 Hyundai Tiburon, 2004 Kia Sorento, 2010 Kia Soul
Congrats mang. Just check on some fullcoverage every few months till the price drops for you. Did you ever figure out what the deal was?
BTW, you want this locked?
BTW, you want this locked?
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yah u can lock this. the deal with the insurance is my stupid teenage driving record. some speeding tickets, couple accidents, make for a very nasty, very $$$$ insurance rate. I will have the PLPD crappy insurance until i can afford some full coverage. going to try and get a 500 dollar beater so i dont kill the tibby. i would be crushed if the tib was RIP.
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Joined: Oct 2002
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From: ɯooɹpǝq ɹnoʎ
Vehicle: ǝdnoɔ sısǝuǝƃ
<div class='quotetop'>QUOTE (01importshark)</div><div class='quotemain'>I am going to be emtying my savings to pay off my loan, which will make me eligable for the bottom of the barrel insurance so i can get it for 162 per month.</div>
That's something that most people should do. If you get a 3% return on a savings account (if you do, let me know where) and you have a 5% interest rate on your car, you're losing money. If you go ahead and pay it off, that's 2% in your favor. Keeping the money in the bank may make you $100 more per year, while having the loan will cost you $300 per year. Get what I'm saying? It's rarely beneficial to have a loan when you can afford to pay it off.
Good luck, I hope everything works out for you.
That's something that most people should do. If you get a 3% return on a savings account (if you do, let me know where) and you have a 5% interest rate on your car, you're losing money. If you go ahead and pay it off, that's 2% in your favor. Keeping the money in the bank may make you $100 more per year, while having the loan will cost you $300 per year. Get what I'm saying? It's rarely beneficial to have a loan when you can afford to pay it off.
Good luck, I hope everything works out for you.