mr. t
06-04-2009, 04:52 PM
Hey guys, I'm new to the forums, and to the car ownership world. I just finished my first year of university, and I'm in the right situation that will allow me to buy a car.
I'm thinking a 95-99 BMW for around $5000. If you've got other suggestions, I'd like to hear them, but BMW seems to be the only make that satisfies all three of my main concerns: standard transmission, RWD or AWD, and decent power. I originally wanted a WRX, but they're pretty hard to come by in Ontario, it seems, especially at that price.
I went through a few sites like kanetix.ca for some quotes to give me an idea of what I'd be looking at for insurance. It seems most companies expect me to pay about $8000 a year. When I got a quote from TD, however, it was as low as $4000 with decent coverage, and just over $3000 with as little coverage as possible. When I finally do get a car, I'll be sure to get a broker. How much should an 18 year old expect to pay in Ontario?
I think I've got a few things that can bring insurance down - no past tickets or accidents, good grades in engineering at university, being a good kid, etc
I'm a truck driver in the summer, insured by another company through work. Is that something I want to make my insurance company aware of? Since they won't have to insure me for when I'm driving the truck, one would think that it would be seen as a good thing - I get plenty of driving experience with a vehicle that is difficult to operate, and I've been through an additional professional driver safety course.
I guess that's all for now. I appreciate any help, and if I have more questions, I'll post them up.
I'm thinking a 95-99 BMW for around $5000. If you've got other suggestions, I'd like to hear them, but BMW seems to be the only make that satisfies all three of my main concerns: standard transmission, RWD or AWD, and decent power. I originally wanted a WRX, but they're pretty hard to come by in Ontario, it seems, especially at that price.
I went through a few sites like kanetix.ca for some quotes to give me an idea of what I'd be looking at for insurance. It seems most companies expect me to pay about $8000 a year. When I got a quote from TD, however, it was as low as $4000 with decent coverage, and just over $3000 with as little coverage as possible. When I finally do get a car, I'll be sure to get a broker. How much should an 18 year old expect to pay in Ontario?
I think I've got a few things that can bring insurance down - no past tickets or accidents, good grades in engineering at university, being a good kid, etc
I'm a truck driver in the summer, insured by another company through work. Is that something I want to make my insurance company aware of? Since they won't have to insure me for when I'm driving the truck, one would think that it would be seen as a good thing - I get plenty of driving experience with a vehicle that is difficult to operate, and I've been through an additional professional driver safety course.
I guess that's all for now. I appreciate any help, and if I have more questions, I'll post them up.