Stang-V8 said:
Yes, thanks for the input. Leasnig is the way I want to go, I have a plan to make money in the future. Nnot paying extra money for a car.
Yes, The car is going to be under my dad, his credit when HE buys in, his insurance. Its not like hes not going to drive the car, hes going to be driving it to places like outback, or unnormal events like partys etc. Iam driving his car if you want to say it like that. Is it hard to really compute?
I woul like to know if payments would be in the 100-200 area? for 36months
I hear what your saying.. I believe the son will still be covered by the dad's insurance "Umbrella Policy".. The Umbrella policy states that, his son, under the age of 18, is covered under the policy living in the household of the policy owner...
Its like, remember when you were 16, and your dad used to let you take out the car? You hit something, but dad's insurance still paid for it.. Its kind of like that.. Its called Comprehensive coverage.. Basically, as long as there is no willfull misconduct brought to bare upon the policy, then the insurance will pay, as long as the deductible is paid first...
Imagine taking the insurance company to court.. They couldnt say, his 16 year old son was not on the policy..
Also, the law states you must have proof of insurance in the car.. Meaning the car has some type of liability damage coverage.. The Law does not state your name has to be on the policy, if not your in violation of the law..
Example
You take your friends car to the store.. An elderly woman runs a stop sign and side swipes you.. She has no coverage.. The owner of the car, pays his deductible, and gets the car fixed..
Basically, when your 16, it is assumed the car will be under the name of your parents.. Stang-V8 has handled this as they should have..
Congrats, Stang-V8.. When I was 16, I had a 1984 GT350.. I used to drive it to highschool.. The Mustang was 2 years old.. That was my first Mustang.. I worked at Taco Bell after school for 3 hrs, and on the weekends for gas money.. I barely had enough gas, all the time.. LOL!!
How you can thank your dad, is do your best in school, and go straight to college after.. Thats all you need to do.. Good Luck!!
Also, stay away from cheerleaders!! If not, you will be a father before you trun 18..
Also, Stang V8, when I graduated Highschool in 1988, my graduation present for good grades was a 1988 Saleen Mustang (Black #635)... Good grades got me a Saleen!!