rental rates WAY too high! Lease, or buy?
Tags:geico insurance, insurance plan, own insurance, t pay, time employee,
1
I only changed to los angeles as well as rented the automobile for the month for 0. i am upon my father’s geico word devise so i do not compensate for that. we am 6 m. bashful of twenty-five so i consider rates competence be unequivocally tall for insurance. i am starting to be in LA for during slightest 6 months though may be many longer. we unequivocally don;t know if it is smarter to franchise (downsides carrying to get my own insurance, alternative issues) buy used (no warranty, carrying to outlay the lot of income if problems arise)
looking for many affordable as well as safest option.
do i need my own word seperate from my father’s if i buy or franchise the automobile in my own name? can i franchise the automobile but the full time worker standing (i am an ind. contractor)?
please help.
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Yes, you have to have separate insurance if you buy or lease a car in your own name. The bank requires it if you finance. If not, and the car is crappy, you get liability and forget about collision. Leasing is always worse because of all the restrictions, the money they hold as a deposit, the mileage restrictions, etc. It’s good for business people who can write it off and need new cars every few years to impress clients.
1. Buy a cheap, new car and keep your payments under $250/mo. Always get the warranty. More lemons are sold than you can dream of. Legal recourse? Yeah, whatever.
2. Lease a cheap ass car, but that will suck because you will probably want to go out a lot and drive the car. You have no clients to impress. If you did, we wouldn’t be having this Yahoo answer conversation.
3. Ask your Dad to help you purchase a cheap car for about $3000 from a private seller. You’re not going to have the problems you’re talking about. Buy from old people who are trying to sell before they’re not allowed to drive. Let a mechanic check it out. Learn a little about cars since it’s clear you don’t know squat about them. Understand things like oil changes, brakes, tires, rims, fluids, battery, transmission.
Don’t sign an AS IS clause if possible. CA is pretty protective of the consumer. Just find out where the seller lives all that shiet.