help me buy a car

philndz · Post by **philndz** » Mon Jul 05, 2004 4:27 am

Ok....bear w/ me...i know this is a little weird. I would like to buy a car. My car will be gone for two weeks+ for hail damage repair. I have no rental compensation on my insurance and im too young to rent myself. I could pay the rental fee for a someone over 25 and then borrow their vehicle while they use the rental....but thats gonna cost quite a bit. I can buy a car for $3-500. If i did this and drove it for two weeks and then put it up for sale....would i even have to deal w/ insurance....i mean if i wanted to get a insurance policy on the new car then it would probably take more than two weeks for the paperwork to go through??How do I do this?....is is legal?What about plates....this would be a private sale but do i get temp tags from the dmv?....and they are good for 30 days right? so do i have to register the vehicle etc....i know i would have to pay the tax right?any other concerns i should have....the nice thing about doing this is that I can sell the car and probably not lose any $ at all....rather than being out $400 for a rental.thanks for the help!

ragingfish · Post by **ragingfish** » Mon Jul 05, 2004 4:30 am

Not sure about other states, but NJ mandates all moving vehicles have insurance coverage. It's a BIG deal if you're caught without insurance...I honestly think you're asking for more trouble than necessary...that's just MHO though...insurance will typically cover rental cost if they're paying a claim...so if they're paying for the car to be fixed, they'll usually pay for the rental. Now I know you're underage...but maybe you can strike a deal with the insurance company. In Colorado, I"m renting a car underage, and paying $10 a day.Maybe if you can get your insurance company to cover a rental, you can agree to pay the $10 a day for underage fee (or whatever the deal is out there)?

philndz · Post by **philndz** » Mon Jul 05, 2004 4:39 am

nah...i simply do not have the rental compensation in my policy...it costs extra and i chose not to pay for it.surely there is some way i can do this...i have full coverage so i could jump in your vibe and be fully insured....so if a car w/o a policy cant be on the road then how would i legally even drive the new car home after i purchase it??whats the loop hole....a time period maybe?like you have to have insure that particular car within two weeks or 30 days or something?i just dont know how this works

philndz · Post by **philndz** » Mon Jul 05, 2004 6:22 am

I don't remember what mine costs, but its a fair bit more than that. The main reason I don't have it is because I never updated my policy when I turned 18 3yrs ago. Before then it wasn't even an option b/c under 18 can't get a rental even if its third party paid. I probably should have updated the policy...but it slipped my mind i guess....now im just going to suck it up and deal w/ it.

philndz · Post by **philndz** » Mon Jul 05, 2004 6:52 am

Quote, originally posted by silverawd26 Â»And as for updating your insurance policy, I would do it. Unless you are worried they might check yor driving record? nah...record is clean...i will certainly be putting rental compensation on from now on

philndz · Post by **philndz** » Mon Jul 05, 2004 7:07 am

hehe....i sold the camera to keep that ticket off my record and that was the first ticket i have ever had

help me buy a car

help me buy a car

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