Long time lurker, new member/poster. I am a college student at North Dakota State University and I have decided to stay here in Fargo this summer. I have been offered a well paying job and I have taken it. I will be making about 480/week. With that aside, I am wondering if I will be able to afford a GT Mustang...not just the car, but insurance, maintenance, etc. I will do all the maintenance myself. I have been looking at a 1994-95 GT, I like the 5.0, but if I can find a 4.6 for a decent price I might go for it. I would take out a loan, with a down payment of xxxx dollars.
The main concern I have is, once classes start again in the fall, I will not be able to keep my job, so I will have to resort to a minimum wage job probably. Plus I High Jump for NDSU, so I would only be able to work maybe 3 days/week @ most likely minimum wage. Anyway, my main concern is insurance...see, on campus, the campus police are absolute dickheads, and one night at about 11:30, I and 2 friends were on our way to WalMart to get some food, and while leaving, my tires chirped a little bit...long story short, the police woman ticketed me for exhibition driving...50 dollar fine and 3 points off my license! I mean come on...its a 5 speed Escort, I bet they chirped for about 1/2 a second... I talked to my uncle about it, and he said I probably should of taken it to court and gotten it turned around, but I just payed it the next day....
With that "incident" I am more than sure my insurance rate has skyrocketed...especially when I go in wanting to insure a V8 muscle car. I know I would be able to make monthly payments on the car itself, but the insurance might kill me. Just been thinking about it alot lately and thought I would throw it at you guys. Thanks for reading. BTW, I am 19, so insurance is a little high anyway.
The main concern I have is, once classes start again in the fall, I will not be able to keep my job, so I will have to resort to a minimum wage job probably. Plus I High Jump for NDSU, so I would only be able to work maybe 3 days/week @ most likely minimum wage. Anyway, my main concern is insurance...see, on campus, the campus police are absolute dickheads, and one night at about 11:30, I and 2 friends were on our way to WalMart to get some food, and while leaving, my tires chirped a little bit...long story short, the police woman ticketed me for exhibition driving...50 dollar fine and 3 points off my license! I mean come on...its a 5 speed Escort, I bet they chirped for about 1/2 a second... I talked to my uncle about it, and he said I probably should of taken it to court and gotten it turned around, but I just payed it the next day....
With that "incident" I am more than sure my insurance rate has skyrocketed...especially when I go in wanting to insure a V8 muscle car. I know I would be able to make monthly payments on the car itself, but the insurance might kill me. Just been thinking about it alot lately and thought I would throw it at you guys. Thanks for reading. BTW, I am 19, so insurance is a little high anyway.