Epic post/pic:lol:
Nothing wrong with wanting to go to technical school either. They cost money just the same as a university as well. Grades are great but don't equal experience or maturity. Do it all on your own and you will have a different perspective on it. I'll go on record saying your parents are making a mistake. Hard words to hear but someone has to say it.
It is that "low" because more than likely your parent is described as the primary driver. If you try to get that exact same policy just on yourself as the primary driver I have no doubt it would double. I will agree with keeping your grades up, making the most of your taxpayer paid or private education.
Currently with my job, I can easily pay for my yearly insurance rate and still have thousands in saving. School is relatively easy, and I am walking into senior year with a 4.0 unweighted GPA and 9 AP classes under my belt. Basically, I don't think my parents are worried about me losing focus. Being successful in school and earning a bit of money is very doable.
Grades are good to see and glad you are putting some money into savings. A wise decision. Did you purchase the car on your own, a gift from your family or a combination of the two? In other words, whose name is on the title of the vehicle as the legal owner. Thanks.
My dad works for a company with ties to ford, and we had an old trade in, so it was do-able. Honestly, there is no other way to say it, my dad makes a fair bit of money, and it was within our budget to just outright purchase it. I in no way take it for granted, nor will I ever get any other gift like this from my parents again, so I will take care of the car and be as responsible as I possible can be while inside it.
Thanks for answering.
I take it your Dad paid for it and his name is on the title. It is his money to spend. I may disagree with it but again, its not my money. Doesn't sound like it would happen but he does then have EVERY right to take it away or sell it outright. Remember that, although I think you already understand that. With privilege comes responsibility. Keep it safe out there.
Yep, I'm all for it. Personal responsibility and such. I may not think it is a wise decision for such a young person but if you take all the responsibilities of buying, insuring and maintaining a new vehicle while maintaining good grades and holding down a job then you are entitled to all its privileges. Thats how it works in the real world anyway. There are no safety nets for adults. I miss my payments, its repoed. I don't insure it, I'm ticketed or lose my license. I get into an accident I am the owner and could be found libel.So if us 16/17/18 year olds didn't get are parents involved with the co-sign and we paid all of the monthly payments and expenses while mainting a job and good grades it would be okay? Just asking can't help it I have been following the s550 since it came out and made it my goal to have one by senior year kinda hurts getting pretty much told your stupid if you get one.
A job as a parent is to prepare our children for what the real world is like. But if you can handle all the responsibilities by yourself without parental help then you should enjoy the benefits. AND you get that pride of ownership. IT IS YOURS AND NO ONE ELSES!!!! If you want to eat burritos in YOUR car at 3am in the driveway it is your privilege. You want to mod the car YOU bought, paid and insure, you do what YOU want. If I own the car, I make the rules. Make sense? 
because if you got that kind of money at 16... invest it on something that isn't a car that loses thousands when you drive it off the lot. just makes no sense to me...but whatever it's your life...you could just do so much more for 22k like the examples we gave you. take the 22k and turn it into more, not less.So if us 16/17/18 year olds didn't get are parents involved with the co-sign and we paid all of the monthly payments and expenses while mainting a job and good grades it would be okay? Just asking can't help it I have been following the s550 since it came out and made it my goal to have one by senior year kinda hurts getting pretty much told your stupid if you get one.
I think it really sunk in when I had to buy my own toilet paper... You just never think about those things before.
I really thought about buying a property but started looking around at local properties near me and lots alone were costing more then I would have saved up by senior year. The lots were also like 1/10th of a acre.
That's not what we're saying. The point we're trying to make is that by delaying your purchase now and using your money wisely with both eyes on the future, you will reap far greater benefits than if you had blown it on a depreciating asset (which will require you to make monthly payments and high insurance premiums).So if us 16/17/18 year olds didn't get are parents involved with the co-sign and we paid all of the monthly payments and expenses while mainting a job and good grades it would be okay? Just asking can't help it I have been following the s550 since it came out and made it my goal to have one by senior year kinda hurts getting pretty much told your stupid if you get one.