How Much is your insurance?
11-12-2007, 08:37 PM
#1
Banned
Thread Starter
Join Date: Jun 2007
Location: Brooklyn
Posts: 2,048
Likes: 0
Received 0 Likes
on
0 Posts
02 S500 Sport
How Much is your insurance?
I spoke to this lady and she told me a figure like 700 a month..
or if I pay for 4 months right away its 400.
Im located in NY.
Geico..
P.S Father will be listed as primary driver he is above 50. This way I can save massive amounts of $
Is this correct?
or if I pay for 4 months right away its 400.
Im located in NY.
Geico..
P.S Father will be listed as primary driver he is above 50. This way I can save massive amounts of $
Is this correct?
Last edited by Gondon; 11-12-2007 at 08:45 PM.
11-12-2007, 08:58 PM
#2
MBWorld Fanatic!
Join Date: Jul 2006
Posts: 1,578
Likes: 0
Received 7 Likes
on
6 Posts
04 S430 (sold),05 X5 4.4i, 02 325i, 87 560SL, 85 Alfa Romeo
Have you owned a car before?If my memory serves me correctly, you are looking for a 25 to 28K mercedes right? Do the math... $700 X 12 = $8400 per. Times the length of your loan (5years) comes out to $ 42K in premiums.
Now ask yourself. What exactly would make insurance cost almost twice the current value of the loan and the car?
When your answer comes out to nothing! you have realized that your posting this quote is whack....
It should ever cost more than 7% of the Book value of a car when it is purchased. if you are old enough to drive and your record is clean and even 7% is high.
Insurance in Virginia
11-12-2007, 10:25 PM
#7
MBWorld Fanatic!
Join Date: Jul 2006
Posts: 1,578
Likes: 0
Received 7 Likes
on
6 Posts
04 S430 (sold),05 X5 4.4i, 02 325i, 87 560SL, 85 Alfa Romeo
That's more like it as I am assuming you are under 25. But my Question to you is, you don't have a benz yet so what did you get a quote on a certain make and year? Rates in NY are nuts...
I'm paying about 1300 a year for full coverage on my 2004 here in TX. An I have multi-Line.
I'm paying about 1300 a year for full coverage on my 2004 here in TX. An I have multi-Line.
Trending Topics
11-12-2007, 10:29 PM
#8
MBWorld Fanatic!
Join Date: Dec 2006
Location: Chicopee Ma
Posts: 1,842
Likes: 0
Received 4 Likes
on
4 Posts
White S63 AMG W/Designo Interior
im paying 380 a month with a $500 dollar deductible..........20 yrs old in Massachusetts, NOT one ticket ever, i got my license 2 yrs ago though
11-12-2007, 11:06 PM
#9
Banned
Thread Starter
Join Date: Jun 2007
Location: Brooklyn
Posts: 2,048
Likes: 0
Received 0 Likes
on
0 Posts
02 S500 Sport
That's more like it as I am assuming you are under 25. But my Question to you is, you don't have a benz yet so what did you get a quote on a certain make and year? Rates in NY are nuts...
I'm paying about 1300 a year for full coverage on my 2004 here in TX. An I have multi-Line.
I'm paying about 1300 a year for full coverage on my 2004 here in TX. An I have multi-Line.
Ends on Wednesday. I got all info on it, its clean and good. Hopefully I will meet the reserve.
My06CLK pls do you know how much it costs for me to have my own insurance in my own name -its $1100 a month. im 19.
$228 is haven for me.
I will be driving under my fathers name since we got diff adresses and he is 52. He will be listed as the primary driver.
So thats the price for a 52 year old man.
Last edited by Gondon; 11-12-2007 at 11:08 PM.
11-12-2007, 11:19 PM
#10
Member
Join Date: Feb 2004
Location: Pennsylvania
Posts: 130
Likes: 0
Received 0 Likes
on
0 Posts
2000 S430, 2002 Range Rover HSE 1985 BMW 535 (Sold), 99 BMW 530 (R.I.P), 98 Mazda Millenia (R.I.P)
Re
Geico: $927 for 6 months on my W220 and my wife's Acura CL. Comes to about $155 a month for both cars.
11-13-2007, 09:49 AM
#11
MBWorld Fanatic!
Join Date: Jul 2006
Posts: 1,578
Likes: 0
Received 7 Likes
on
6 Posts
04 S430 (sold),05 X5 4.4i, 02 325i, 87 560SL, 85 Alfa Romeo
Nice car but...
http://cgi.ebay.com/ebaymotors/Merce...QQcmdZViewItem
Ends on Wednesday. I got all info on it, its clean and good. Hopefully I will meet the reserve.
My06CLK pls do you know how much it costs for me to have my own insurance in my own name -its $1100 a month. im 19.
$228 is haven for me.
I will be driving under my fathers name since we got diff adresses and he is 52. He will be listed as the primary driver.
So thats the price for a 52 year old man.
Ends on Wednesday. I got all info on it, its clean and good. Hopefully I will meet the reserve.
My06CLK pls do you know how much it costs for me to have my own insurance in my own name -its $1100 a month. im 19.
$228 is haven for me.
I will be driving under my fathers name since we got diff adresses and he is 52. He will be listed as the primary driver.
So thats the price for a 52 year old man.
I about 1.5 years, you would have paid the loan off in full. Then what?
IF you think that's worth it too you, the go for it. I know rates are higher in New York, but they can not be that high...
You must have told the Ins. company that you are a driver of the vehicle.
Did you know that in all States, IF the driver of a vehicle doesn't not have the same physical address of the insured, he or she does not have to be listed as a driver as all and will still be covered in the event of an accident?
This is why you can rent a car without having to pay the extra insurance otherwise you would not be covered at all..
If your fathers single rate is that high, one of the Items I mentioned above must apply to him. Otherwise, He should buy the car, and put the insurance in his name only. I can not believe that rate.... That is sick for a used car. That is sick for a NEW car....
BTW. it only costs about 80 bucks a month to cover that car in Texas where it is being sold....
So you are prepared to pay around $1600.00 (1100 ins + 500 payment) for that car thats only worth about 20K ? You should think long and hard about that decision.
11-13-2007, 08:18 PM
#12
Banned
Thread Starter
Join Date: Jun 2007
Location: Brooklyn
Posts: 2,048
Likes: 0
Received 0 Likes
on
0 Posts
02 S500 Sport
I think you would be crazy to pay that much insurance for that car. (any car).
I about 1.5 years, you would have paid the loan off in full. Then what?
IF you think that's worth it too you, the go for it. I know rates are higher in New York, but they can not be that high...
You must have told the Ins. company that you are a driver of the vehicle.
Did you know that in all States, IF the driver of a vehicle doesn't not have the same physical address of the insured, he or she does not have to be listed as a driver as all and will still be covered in the event of an accident?
This is why you can rent a car without having to pay the extra insurance otherwise you would not be covered at all..
If your fathers single rate is that high, one of the Items I mentioned above must apply to him. Otherwise, He should buy the car, and put the insurance in his name only. I can not believe that rate.... That is sick for a used car. That is sick for a NEW car....
BTW. it only costs about 80 bucks a month to cover that car in Texas where it is being sold....
So you are prepared to pay around $1600.00 (1100 ins + 500 payment) for that car thats only worth about 20K ? You should think long and hard about that decision.
I about 1.5 years, you would have paid the loan off in full. Then what?
IF you think that's worth it too you, the go for it. I know rates are higher in New York, but they can not be that high...
You must have told the Ins. company that you are a driver of the vehicle.
Did you know that in all States, IF the driver of a vehicle doesn't not have the same physical address of the insured, he or she does not have to be listed as a driver as all and will still be covered in the event of an accident?
This is why you can rent a car without having to pay the extra insurance otherwise you would not be covered at all..
If your fathers single rate is that high, one of the Items I mentioned above must apply to him. Otherwise, He should buy the car, and put the insurance in his name only. I can not believe that rate.... That is sick for a used car. That is sick for a NEW car....
BTW. it only costs about 80 bucks a month to cover that car in Texas where it is being sold....
So you are prepared to pay around $1600.00 (1100 ins + 500 payment) for that car thats only worth about 20K ? You should think long and hard about that decision.
My06CLK you misread it
Im Paying 228 a month. I was saying it would cost 1100 if i did it under my name. Its under my fathers name.
"Did you know that in all States, IF the driver of a vehicle doesn't not have the same physical address of the insured, he or she does not have to be listed as a driver as all and will still be covered in the event of an accident?"
This is exactly what im doing my friend. My father is the primary driver. Im not listed anywhere.
11-14-2007, 12:12 AM
#15
Banned
Thread Starter
Join Date: Jun 2007
Location: Brooklyn
Posts: 2,048
Likes: 0
Received 0 Likes
on
0 Posts
02 S500 Sport
All info under father.
Also he is lazy to fill out Loan Forms rofl.
So he will pay a check and I will schedule monthly payments with him.
Or I can just pay in full, but I'd rather pay low monthly payment have $$ on the side
p.s I bid up to 20k atm and outbid, will try to win on last minutes.
I like this car because its seems to have almost no problems. just routine normal service.
On the CarFAx
Electrical Issue at 21k
like 10 visits in between with no repairs.
And Suspension at 42k.
No more issues until 80k
Also he is lazy to fill out Loan Forms rofl.
So he will pay a check and I will schedule monthly payments with him.
Or I can just pay in full, but I'd rather pay low monthly payment have $$ on the side
p.s I bid up to 20k atm and outbid, will try to win on last minutes.
I like this car because its seems to have almost no problems. just routine normal service.
On the CarFAx
Electrical Issue at 21k
like 10 visits in between with no repairs.
And Suspension at 42k.
No more issues until 80k
Last edited by Gondon; 11-14-2007 at 12:24 AM.
11-14-2007, 12:30 PM
#16
MBWorld Fanatic!
Join Date: Jul 2006
Posts: 1,578
Likes: 0
Received 7 Likes
on
6 Posts
04 S430 (sold),05 X5 4.4i, 02 325i, 87 560SL, 85 Alfa Romeo
All info under father.
Also he is lazy to fill out Loan Forms rofl.
So he will pay a check and I will schedule monthly payments with him.
Or I can just pay in full, but I'd rather pay low monthly payment have $$ on the side
p.s I bid up to 20k atm and outbid, will try to win on last minutes.
I like this car because its seems to have almost no problems. just routine normal service.
On the CarFAx
Electrical Issue at 21k
like 10 visits in between with no repairs.
And Suspension at 42k.
No more issues until 80k
Also he is lazy to fill out Loan Forms rofl.
So he will pay a check and I will schedule monthly payments with him.
Or I can just pay in full, but I'd rather pay low monthly payment have $$ on the side
p.s I bid up to 20k atm and outbid, will try to win on last minutes.
I like this car because its seems to have almost no problems. just routine normal service.
On the CarFAx
Electrical Issue at 21k
like 10 visits in between with no repairs.
And Suspension at 42k.
No more issues until 80k
11-14-2007, 04:31 PM
#17
Banned
Thread Starter
Join Date: Jun 2007
Location: Brooklyn
Posts: 2,048
Likes: 0
Received 0 Likes
on
0 Posts
02 S500 Sport
its 3k away, If reserve wont meet. I will call him and negotiate some price. I dont think ill go over 21 for this.
Also a 2002 Sport just showed up, same color and black interior with no reserve and 69k mileage. Idk if its clean and its missing tiptronic.
But i know for sure this one is good.
Also a 2002 Sport just showed up, same color and black interior with no reserve and 69k mileage. Idk if its clean and its missing tiptronic.
But i know for sure this one is good.
11-19-2007, 07:28 PM
#21
MBWorld Fanatic!
Join Date: Dec 2006
Location: Chicopee Ma
Posts: 1,842
Likes: 0
Received 4 Likes
on
4 Posts
White S63 AMG W/Designo Interior
178 A Month!!! How Much Did U Put Down Thats A Great Rate............im Gonna Be 21 Dec 6th And Im Paying 380 A Month Never Gotten A Ticket Before....
