well thank you.

 

LOL

 

Yep. Its all about statistical risk and statistically speaking, 16 yo kids with sports cars are risky.

In 1999 @ age 17 per month I paid nearly double for my '94 V6 Camaro what I currently pay for my nearly brand new truck PLUS my wife with her brand new car.

It makes me quite happy that I can actually afford the car and the insurance these days.

 

my guy quoted me around 160 a month wrecks arent on anymore n have no more tickets on my record not bad id say considering id only drive it half a year n this year it will only be 3 months

 

Look into an older car. The issue isn't really how fast the vehicle is, because every vehicle sold is fast enough to kill you or others, but if you get a new camaro, every single person you know is going to be pushing you to do stupid things with it.

When I was 16 I purchased an 89 IROC-Z and was paying about 180 a month. I sold it, and somebody from my highschool bought it and wrapped it around a tree within a week. I went on to drop out of highschool, work full time, and purchased a '95 Mustang Cobra. Insurance was 320 a month, the same as the payments. After 2 years of that, I went back to an alternative highschool and got my diploma. I get my bachelors of science in psychology in a week and a half, and will be able to buy a new Camaro (though i will likely wait till the second year of their release, I don't buy first-year vehicles). I'm 25. Knowing what I know now, I probably shouldn't have been allowed to get either of those cars.

I'm originally from South Dakota, where the driving age is 14, so I already had 2 years of driving under my belt when I got the Camaro. I would never let my own kid have a car like that at that age, because it's a recipe for disaster. I've only had 1 speeding ticket in my life, but I sped all the time. People in your school will constantly be goading you to race. Regardless of how responsible you might think you are, you're going to give in, because that's what people buy a car like this for and everyone you know is going to be trying to get you to. Better to buy it when you're much more familiar with other drivers, and the places that you can let the car do what it's designed for. (and that, if you're wondering, would be deserted highway onramps and offramps, autocross courses and paid track days. NEVER when there's traffic and NEVER when there's another person doing it beside you).

 

Thats true. I went to college one year and knew it wasnt for me, now I make great money and love what i do...BUT a new SS at 16 is a haorrible idea. For one he cant be paying 100% for this car so he will never EVER respect it as much as if he worked his ***** off for it. I dont care what he says, he never will. And two, while he may not wreck, having a new 430hp car, and teenage hormones with everyone telling him to go fast and do burnouts he is much more likely to do something bad with it. If he pays for it, sure whatever, he will learn, but still...terrible idea. I paid for and built my Nova with a 406 at 16 but luckily it still had a 3.08 open rear end for the first few months or I would have died.

 

i'm 19 and i'm getting a 2010 Camaro a V6 tho cause the SS insurance would be to high and i'll be paying for the insurance and the note but i quoted my insurance and it was only 121 a month...and i'm in my first year of college good thing i have a scholarship plus the Camaro will be my first car now how cool is that!!!

 

WTF????

 

Hate to bust your bubble, not to mention the bearer of bad news or the resident killjoy or buzz-killer, but if you are a 16 year old male, that's your insurence rate.... and you should praise your lucky stars it isn't higher.

To be honest, and at the risk of being blunt about it, you shouldn't be in a brand new, 426 horsepower, 155 mph, 110 quarter mile maximum-on-a-bad-day Camaro as a 16 year old driver.

And...if you are able to cough up the money for a $25K plus V6 Camaro, then you should be able to pay the 400+ per month insurence.If you can not, there are plenty of low priced LS1 Camaros and Firebirds on the market that will enable you to afford insurence as a 16 year old.

Don't think you are the 1st person still in high school who has come here expecting to buy a brand new car, but then has problems with insurence. And I give the same answer... actually, throwing ice cold water on the idea while coming across as an unintended pr*ck is more like it.

The advice I always give is to work hard, save up, and wait till you you can actually afford it. Don't be like all these people who bought who bought these houses they couldn't afford.. or barely afford. Slightest little thing goes wrong, and they have to default. Same goes for stringing yourself out on car payments & insurence. If you can't afford it, then you can't afford it.

No shame, or insult. Just wait till you can afford it.

 

With the exception of a few posts most of these responses are crap. It's none of your business how or if he can afford this car. What's also garbage is how you prejudge his driving ability and overall mentality based on how you acted when you were 16. You have no idea who this kid is or what his situation may be. Let's stop being bitter because this kid is in a better scenario than you and just answer the question he asked. Responses like this are a surefire way of running people off this board.

 

See what happens when you drop out of school kids. You make mistakes like buying a Mustang!

 

you know a good way to get that insurance down? put the car under your dads name and make him the primary driver and have you as a secondary driver. my buddy did that on his 95 mustang gt. the insurance was cust more than in half. your still insured, but your not the main insured. even if you buy the car, i dont know how, but you can still do it this way. one question for you, if you dont mind me asking? How do you plan on making a 5-700 $ a month payment being 16?
i had a job when i was 16 but i was only making 3-600 a month and that was only part time after school.

 

As I mentioned earlier, I had an 89 dodge aries as a first car and of course I wanted a Camaro... so when I was 16, I would've thought this guy's scenareo was WAY better than mine! However, looking back on it 13 years later, I honestly believe the 89 dodge aries was the better scenario to be in. I learned how to take care of that car and keep it running. I also did the best I could to make it presentable. I scrubbed the carpets, recovered the sagging headliner, washed and waxed it, got new tires, battery, stereo, read the codes and replaced some basic parts. I didn't love it right away, but I sure learned to appreciate it.

My ideal situation probably would've been a 10 to 15 year old f-body that had a 305 and felt fast, but really wouldn't have killed me. A brand new f-body wouldn't have given me the same experience and lessons. That's the kind of perspective that is being offered here by many people. No 16 year old guy asks for that perspective, but maybe some of them can appreciate it when it is offered.

 

Yup. You're right. Those of us with many decades of life experience should in no way try to impart any of the lessons we have picked up along the way in an effort to help the young man. What were we thinking?????????

 

Theres a reason that the insurance is that high for a 16yr old unfortunately.

Stats are not exactly in your favor...

V8 + 16yr old does not usually equal favorable results for insurance companies.