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Originally Posted by kannibul Knowing what you'll pay for insurance is a smart way to budget - I mean, that way you don't have any surprises. Sometimes I do wonder

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Old 10-09-2009, 01:24 PM   #1 (permalink)
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Originally Posted by kannibul View Post
Knowing what you'll pay for insurance is a smart way to budget - I mean, that way you don't have any surprises.

Sometimes I do wonder if insurance companies just pull a number out of thin air.


There's an insurance thread around here somewhere....
Spot on kan, I'm not saying don't get your numbers before you buy the car exactly; more like, just making sure he knows that using every bit of free cash toward a car is a bad idea. It was a little presumptuous of me, but when I see threads where people don't even have jobs yet, but are thinking of purchasing cars, I worry for their welfare.

As for insurance companies, I rarely say this about anything, but they need governmental regulation. What they are allowed to base rates on is crazy.
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Old 10-09-2009, 01:47 PM   #2 (permalink)
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Spot on kan, I'm not saying don't get your numbers before you buy the car exactly; more like, just making sure he knows that using every bit of free cash toward a car is a bad idea. It was a little presumptuous of me, but when I see threads where people don't even have jobs yet, but are thinking of purchasing cars, I worry for their welfare.

As for insurance companies, I rarely say this about anything, but they need governmental regulation. What they are allowed to base rates on is crazy.
I agree, regulation is needed there, and with the oil industry. I loved how the prices dropped a lot when there was more talk of a congressional hearing on why gas prices were so high...lol

"getting a job" and buying a new car is not smart...having a job, and as much knowledge as possible to know the future stability of said job, is a big factor. Buying cash, of course, is best!

Myself, I had a good annual review, that gave me some confidence just before I had a week off - bought the Z before the week was up - lol.
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Old 10-09-2009, 01:50 PM   #3 (permalink)
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I agree, regulation is needed there, and with the oil industry. I loved how the prices dropped a lot when there was more talk of a congressional hearing on why gas prices were so high...lol

"getting a job" and buying a new car is not smart...having a job, and as much knowledge as possible to know the future stability of said job, is a big factor. Buying cash, of course, is best!

Myself, I had a good annual review, that gave me some confidence just before I had a week off - bought the Z before the week was up - lol.
I would too be a little weary of making such a large purchase with a new job. I'd prolly get the cheapest POS I could until I was in the job AT LEAST 6 months, if not a year. Despite what the Dow says, we are still in hard times where people can lose their jobs at the drop of a hat, especially if you're "the new guy."
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Old 10-09-2009, 01:50 PM   #4 (permalink)
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I just saw this Frostie lmao

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Old 10-09-2009, 01:51 PM   #5 (permalink)
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I just saw this Frostie lmao

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