Quote:
Originally Posted by Kyle
I don't think you need a brand new F-150 at 18. I purchased a 6 year old truck at 18 with cash. At 24 and no accidents my rates have dropped SIGNIFICANTLY and from what I understand drop quite a bit more at 25. My advice is buy an older truck and don't purchase coverage on your truck(get the minimum). Why would you want debt at 18 years old anyways???
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Good advice.
Insurance statistics would likely suggest that at 18 years, they expect that you could very well have another accident. If it happens in that shiny new F-150, its probably going to cost a lot more than 6 K$. Thus the high premiums. Good luck.