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Old 02-19-2014, 12:05 PM   #239
marky
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Kids be like..
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Old 02-19-2014, 12:11 PM   #240
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Old 02-19-2014, 12:25 PM   #241
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Originally Posted by CoupedUpSubie View Post
@humfrz unless a person under 18 somehow saved 25k and was emancipated then they could own one themselves. A person under 18 cannot take out a loan as far as I know, and doing so with no credit is near impossible. That is the biggest reason a minor can not own a car, also the laws quoted have many holes in them which make the exceptions basically useless.
Well, @CoupedUpSubie, you're correct in that a person under 18 cannot take out a loan for an automobile from most lending institutions.

However, I maintain that in certain states, a person of any age, can own personal property, such as an automobile.

Granted, a person of any age may not be able to register or license or insure a vehicle ...... but they can "own it".

For example, when I was age 14, back in Ohio, my grandfather "willed" me his old 1948 Chevrolet. Nope, I couldn't license it, nor could I register it, nor could I insure it, so, I couldn't drive it on the highway.

HOWEVER, I drove the hell out of it around the farm ....


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Old 02-19-2014, 01:18 PM   #242
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man, you kids are getting ripped for insurance haha. Mine is $ 600 / year on the FRS and 600 / year on the Jeep. Full coverage and $ 500 deductible - which is actually 200 thanks to no at-fault accidents.
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Old 02-19-2014, 01:29 PM   #243
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Under 18 and on parents insurance(which is how Maine requires minors to be) is expensive. My rates went rock bottom when I turned 18 and went on my own insurance, liability only was about $75 a month. Now at 23 I pay bit over $900 a year for full coverage on my BRZ and liability on my impreza.
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Old 02-20-2014, 12:14 AM   #244
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i'm 23, had a 2004 Lancer Ralliart when was 17, kept that until was 20, traded it in for new 2011 Hyundai Elantra and drove that up until a month when it got written off, now in fr-s so been doing car payments for little bit of time now

insurance is approx 1650 a year (that includes 25%discount, 2 million liability, $200 deductible, all purpose driving & auto loss of use coverage)
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Old 02-20-2014, 03:54 AM   #245
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20, full time student!
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Old 02-20-2014, 06:27 PM   #246
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I'm 24. I pay for my car plus insurance. I have my employer pay for school.
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Old 02-20-2014, 06:35 PM   #247
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OP, here you go
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Old 02-21-2014, 04:48 PM   #248
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Uh. That sounds off to me - reward your kid for not being a screw up? He's 16. He's in high school. The fact that he's "on top of his grades" doesn't mean anything when you're learning about trigonometry for the first time. (I'm just being a bitter university student, I'll admit)



However, keeping straight A's in school shouldn't be an "achievement", nor should it be motivated by the possibility of a new car. Buckle down and get your shit done, simply because that's what you should be doing at 16.



Just my .02

I agree with this. I think attending school is at privelege and making good grades is something one should do for his/her own good, not just to earn a car as a reward.
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Old 02-21-2014, 04:50 PM   #249
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Quote:
Originally Posted by ChandlerSwyng View Post
I agree with this. I think attending school is at privelege and making good grades is something one should do for his/her own good, not just to earn a car as a reward.
Well some people grow up differently

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Old 02-21-2014, 04:51 PM   #250
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Well some people grow up differently

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I know they do, and I think a reward here and there such as a graduation present seems okay.
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Old 02-21-2014, 06:07 PM   #251
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you youngin's are fooling yourselves.

you may be paying the whole car directly from your pocket, but if you still live with your parents, then they are the ones who indirectly bought the car.
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Old 02-21-2014, 06:22 PM   #252
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I agree with this. I think attending school is at privelege and making good grades is something one should do for his/her own good, not just to earn a car as a reward.
Growing up my parents told me A stands for Average, and B stood for Bad.

Could be because I'm asian but who knows.
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