I’m about to completely pay for a car on my own for the first time. Just turned 23 and I’ve had a few vehicles which my dad helped pay for and I’ve always been on his insurance. Well it’s time to replace my vehicle and stop sinking money into repairs, I’m also getting off of my dad’s insurance and I have a few questions.
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If I can’t drive off a car lot without insurance, but I don’t have a vehicle picked out yet, how am I suppose to pick up my own insurance for the first time? Do I have to buy the car then buy insurance for it while I’m at the lot still? Or is there usually a state required minimum I can get that will cover anything I buy so I can just get it ahead of time?
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I’ve got more than enough in my checking account for a good down payment, but I’m recently unemployed. Will the bank turn me down because of it? I’ll have no problem with making the payments, but I have to replace my car now or I won’t be able to work. If I explain my situation will it make a difference?
I wasn’t sure if this was the right sub so if not I’ll gladly delete the post, but I’d appreciate any answers or advice. I can provide more details if need be.
Submitted October 08, 2018 at 08:26PM by text_memer https://ift.tt/2OQ3w1i
