Quote:
Originally Posted by new2subaru
Do you realize that you will likely be paying around 5K annually for full coverage once you get your full license? Can you afford that?
If I was in your shoes, I would likely sell it and drive a beater for a few years. You can always buy another down the road. If you choose to keep it I would recommend a secured storage locker facility until you can afford the insurance.
The bank owns the car, not you. Miss a few payments and they will for sure. You are required to have full coverage.
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I don't follow. Miss a few payments... for the car or insurance? I will still be paying for the car during these 3 months, just not driving it. I'm also 26, after 25 insurance is supposed to be cheaper, I'm not a 18yo G1 driver.
I just bought it this year on a 70month loan agreement.