Quote:
Originally Posted by Jordanwolf
This^
Why he bought a 30k car at 18 is beyond me. It sounds like almost 100% of pay he earns was already going to this car, now adding on the accident and expected raise in insurance, it is over the amount of actual money he will have month to month.
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Well tbh I get a military discount on insurance, and the lease isn't too bad. So after food, rent and everything else (mess dues, RRSP, tax deductions, this is all deducted automatically by the military) it takes up about 40% of my monthly disposable income. This still leaves me a fair chunk to take it to the track, gas money (I do a lot of weekend road trips) and whatever else.
Fortunately, despite my very little income (relatively), I'm 18 and have no responsibilities, other than my phone and my car. Other than that despite some pretty grim living conditions the government takes care of me.
I can afford my insurance tripling but that would really tie my hands, at that point I would do my best to have someone take over the lease. You see, I am pretty dumb yes, but don't believe I didn't do the math before signing the contract. I just underestimated how much I could fuck up in 4 months.