04-11-2019, 04:45 PM
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#28
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Site Moderator
Join Date: Dec 2010
Drives: Stuff
Location: Florida
Posts: 10,317
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Quote:
Originally Posted by mav1178
Hate to be the one to say this, but too many folks owning brand new cars do not truly understand the cost of owning a car.
Just because you can make the monthly payments doesn't mean you should modify or skip out on other things. Just because the car is paid off doesn't mean you should reduce your insurance to liability only.
At the end of the day, insurance is there to help you get back to where you were before. If you do liability only, it means either 1) you are rich and can afford to throw away a car, or 2) this is not your primary car and you can afford to go without this car for an extended period of time.
I have liability only on 2 of the 3 cars I own, and both of those cars see about 5000 miles a year or less.
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So are you rich then or just don't mind paying to fix them? 
__________________
-Dave
Track cars: 2013 Scion FRS, 1998 Acura Integra Type-R, 1993 Honda Civic Hatchback
DD: 2005 Acura TSX
Tow: 2022 F-450
Toys: 2001 Chevrolet Corvette Z06, 1993 Toyota MR2 Turbo, 1994 Toyota MR2 Turbo, 1991 Mitsubishi Galant VR-4
Parts: 2015 Subaru BRZ Limited, 2005 Acura TSX
Projects: 2013 Subaru BRZ Limited track car build
FS: 2004 GMC Sierra 2500 LT CCSB 8.1/Allison with 99k miles
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