https://old.reddit.com/r/personalfinance/comments/w4xta8/im_making_2236_an_hour_but_im_4256915_in_debt
My car payments are 230.46 and my insurance is 423.16 monthly and my credit cards are 8000 dollars in debt what’s the fastest legal way of making money? My monthly take home pay is 2400 dollars I live at home and my pay is by weekly I work 40 hours
I live with my parents I pay 300 a month for rent
My insurance is that high because it’s brand new and it’s my first car
I was pressured into buying the car by my dad and I don’t know how to sell cars
He knows people in the car dealership and he used to be in the buisness
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That's not his car insurance, right?! WTF, maybe his dad had him get a new car because he's been in 10 wrecks and he wanted his son to get a car with lots of the new fancy safety requirements
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At that point you get your kid a bus pass.
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Dad probably got him full comprehensive with a $500k max liability coverage or something r-slurred like that. Actually yeah the numbers must be swapped.
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I'd have to guess. Because rn my car insurance is ~500$ a year per person! In three months that kid has overpaid what I pay my insurance for the year.
I spoke to someone recently about their insurance (we were car talking) and his insurance is similar to this kids where it costs more than the car payments because he has to accidents on his history. Its kinda fricked up.
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You have to carry min deductible collision on a car with a note on it.
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That's true, I just read further and saw and yeah basically insurance KNOWS this kid is inevitably going to hit or get hit in this brand new car that they'll have to pay out to the bank if something happens.
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Depends on where you live. One place, my car insurance is $600 a year, another place (same car same coverage) my car insurance is $2500 a year. No tickets or accidents, just a matter of location.
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Lmao I was gonna say that's a little less than what my semi-yearly payments are but then I noticed that that's fricking monthly.
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