I’m (19m) trying to finance a car but insurance is insane (quoted me at $500-$800 per month). I’m looking to get a truck because I’m blue collar and have tons of tools. I live on my own and currently have a car but it’s old and is not gonna be reliable much longer. I’ve heard you can put a car on your parents policy as long as your name is on their policy. That’s the only way I’d be able to afford a vehicle because of the already high interest rates on cars for my age. Any help is appreciated
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You can be on your parents insurance (though their rates would drop significantly if you aren’t so they have to agree). Also, most finance companies will insist insurance be in the financier’s name so you might want to see if they’d finance it (which they’d get far better rates if they have good credit) & you pay make the payments and are listed as the driver. Lightly used vehicles will be FAR more affordable than new, stick within what you’re 100% sure you can afford, even if you get injured or laid off.