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| Things to keep in mind before the car is mine | ||
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| Madvillain |
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Registered Member #445
Joined: Sun Oct 01 2006, 11:42PMPosts: 2233 |
Just a general question to everyone if there is any tidbits i should know before my parents sign me over a car. For example, for some reason my cousin was warning my mom that she should put it as a gift....didn't really hear the explanation why helpful news like this would be greatly appreciated ^ ^ Edit: p.s. car could use a paintjob, how much do those go for? Edited Wed Jul 07 2010, 05:16PM |
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| .4ngryToasters |
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you would
Registered Member #149
Joined: Sun Feb 12 2006, 01:08AMPosts: 2039 |
The reason why you should get the car as a "gift" is so you don't have to pay a shit-ton in taxes when you go to register the vehicle. I'm not sure how much the car is worth, but make sure you have some funds set aside. Between maintenance, gas, excise tax, registration fees, and your paint job, you could easily blow $1000 - $2000 your first year of owning a car. It's worth it though. For the first time you won't be reliant on someone else to kart you everywhere. The first time you really get freedom from your parents. |
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| Madvillain |
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Registered Member #445
Joined: Sun Oct 01 2006, 11:42PM Posts: 2233 |
Yea I've been really trying to put some money aside for a few reasons like this, i also have a job now and will be working for the rest of the summer, if anything ill have 2 jobs | ||
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| peacebypeice |
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peacebypeice
Registered Member #925
Joined: Mon Nov 26 2007, 05:23AMPosts: 1452 |
paint jobs ain't cheap lol | ||
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| Glas4d |
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Registered Member #756
Joined: Sat Jun 23 2007, 10:49PMPosts: 1717 |
I don't know if you daddy is going to pay for insurence but if you have to pay for it, I would set aside $3000. Keep in mind though if your insurence is like ours you could also pay monthly. Just got some pics of my first car. yeah images don't work ... Edited Thu Jul 08 2010, 05:32AM |
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| Madvillain |
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Registered Member #445
Joined: Sun Oct 01 2006, 11:42PM Posts: 2233 |
lol nice pics Glas, and my MOMMYS paying for insurance |
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| gLiTch |
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Anal Assassin
Registered Member #455
Joined: Mon Oct 09 2006, 04:58AMPosts: 3848 |
Well MadV... your insurance will be like 5k or above.... trust me. And yes, put it as gift as long as its from a relative. When you go to the DMV to register the vehicle you need to pay taxes... like everything else. Gifts you do not have to pay. My car was worth 17K... and it was not from a relative. I could have put gift but it looks suspicious. So instead i put the car was bought for 3k and poor condition. Set aside some money because you will have to dish out yearly maintenance costs. It is a necessary evil. But it is freedom on wheels and very worth it. Do not, i repeat, do not dish out money for a paint job if it is your first car. If it is really bothering you get it wetsanded or buffed or whatever... A full paint job that will not look like shit will cost you upwards of 3k+... possibly 4k if the guy is really good. Sure you could get a $800 paint job... but the clear coat will be wax, it will last 1 year tops... and you might get your rims painted for free... as well as your tires, windshield, mirrors, lights, etc... Save your money. Trust me. EDIT: God forbid, but you might get into an accident... then and only then can you get a paint job paid for by insurance lol. Edited Thu Jul 08 2010, 04:23AM |
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| Glas4d |
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Registered Member #756
Joined: Sat Jun 23 2007, 10:49PM Posts: 1717 |
here are the pics... -[link]- -[link]- -[link]- |
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| creativenate88 |
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Registered Member #545
Joined: Sun Jan 21 2007, 08:11PMPosts: 263 |
Just park your car next to a car thats not locked, open the strangers car, and bash it against your car a few times. Then leave the scene. wait for them to come, back, return to scene with your best WTFace. Then you get some money to put towards your paint job. Good luck! | ||
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| .4ngryToasters |
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you would
Registered Member #149
Joined: Sun Feb 12 2006, 01:08AM Posts: 2039 |
.4ngryToasters wrote ... The reason why you should get the car as a "gift" is so you don't have to pay a shit-ton in taxes when you go to register the vehicle. I'm not sure how much the car is worth, but make sure you have some funds set aside. Between maintenance, gas, excise tax, registration fees, and your paint job, you could easily blow $1000 - $2000 your first year of owning a car. It's worth it though. For the first time you won't be reliant on someone else to kart you everywhere. The first time you really get freedom from your parents. gLiTch wrote ... Well MadV... your insurance will be like 5k or above.... trust me. And yes, put it as gift as long as its from a relative. When you go to the DMV to register the vehicle you need to pay taxes... like everything else. Gifts you do not have to pay. My car was worth 17K... and it was not from a relative. I could have put gift but it looks suspicious. So instead i put the car was bought for 3k and poor condition. Set aside some money because you will have to dish out yearly maintenance costs. It is a necessary evil. But it is freedom on wheels and very worth it. Do not, i repeat, do not dish out money for a paint job if it is your first car. If it is really bothering you get it wetsanded or buffed or whatever... A full paint job that will not look like shit will cost you upwards of 3k+... possibly 4k if the guy is really good. Sure you could get a $800 paint job... but the clear coat will be wax, it will last 1 year tops... and you might get your rims painted for free... as well as your tires, windshield, mirrors, lights, etc... Save your money. Trust me. EDIT: God forbid, but you might get into an accident... then and only then can you get a paint job paid for by insurance lol. Formula for a Glitch post: Copy pasta Toasts post (cause you know he be firstin every time) Elaborate on post Done!  Edited Thu Jul 08 2010, 04:34PM |
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