[mjr24]

Originally Posted by prestonharp

My reply was satire. I was simply making a jab at the guy for making assumptions.

Completely thread de-rail, but yes I do RENT because with the current housing market where I am, it’s smarter at the moment. There was 0 injuries ✅

Will no longer be replying to this thread, issue has been solved-ish.

Sounds like your issues are just starting. You lucked out by having your renewal come up before the accident showed up but you won’t be as lucky in 6 months.

Real talk….your status is going to be even less when no one will insure you and you inevitably keep driving any car (even a shitty one) and start getting pulled over for driving without insurance.

I get you want a nice car while young and I was the same when I was that age. I also got a ton of tickets and a couple accidents and paid a ton in insurance. However, insurance nowadays is getting insane cost wise even with no tickets or crashes. Don’t handcuff yourself in the future by continuing to do dumb shit now.

[Dan B]

Originally Posted by DubaiRich

$750/mo. for insurance is just insane, but if he can afford the M4...

I would argue he can't afford the car if he was thinking about paying out of pocket to fix it because he was worried about insurance premiums.

Originally Posted by CMW33

Honestly, I would sell the car once it's fixed, get something a lot cheaper, take that $750/month insurance payment (which will only go up) and whatever the car payment is and put that toward retirement and let that grow and grow. There's a world of cars out there that are much, much cheaper but still fun to drive/mod.

Life is short but not so short that you should make terrible financial decisions. Honestly, life seems really effing long when you have money troubles.

Big time! I sat down with my Son and ran a couple of calculations on investing 10K into a fund. We ran a few scenarios based on rate of return and continuing contributions. He was blown away at the growth.

[MOTO]

While you:

- Made a series of bad decisions that already had you in a bad financial situation ($750 a month insurance is indicative of that)
- made more bad decisions that turned into an even worse situation (bought an M4, turned off the nannies and binned it into another car)
- seem to have your priorities very backwards
- don't seem to fully recognize all of this yet

I don't fault you.

You're 23.

I can't say I was loads different in many ways at 23. I never had something like this happen but S does happen and you'll get through it.

Even though I could afford it, there is no way in hell I'd EVER be driving a car that cost me $750 a month in insurance. That's insane. That's not just high insurance, that's a lifestyle of flushing money down the toilet.

There is some good advice in some of these responses to your dilemma. My advice would be to recognize that life is handing you some tough lessons for a reason. Take pause and ask why you're in this situation. IMO, life seems to be telling you to take a pause, reflect and change course. Humble yourself and be willing to accept a different lifestyle for the forseeable future, if necessary.

My advice would be the same as others here, fix it and sell it. Take your losses and get out of debt. Get something more modest and a lot less to insure. Take any extra monthly income and use it to PREPARE FOR YOUR FINANCIAL FUTURE.

If you can afford all that at 23, you should consider not blowing most of your time and money on lifestyle and toys. Delayed gratification and fiscal responsiblity will take you a long way in life. Take it from me -- I'd be much further along today if I had done more of that myself. Your perspective does change with hindsight as you age.

Sure, it's also about life experience ("life is short and you can't take it with you") but there is a very important line between penny pinching fiscal responsiblity and a money burning lifestyle. Knowing where to exist in between those extremes is vitally important.

There are other ways to have fun and get your thrills, that don't cost most of what you make. If you are driving an M4 to impress, trust me, that's an empty road.

Lastly, the world is headed for rough times. Our country for rough times. Choose your focus and priorities carefully.

Best wishes.

[BroDoze]

Use your insurance that you’ve been paying $750/mo for. Your rates are going up regardless, whether you use them or not. Why isn’t everybody saying this?

Doing this yourself will benefit you in no way.

[G82dale]

Originally Posted by BroDoze

Use your insurance that you’ve been paying $750/mo for. Your rates are going up regardless, whether you use them or not. Why isn’t everybody saying this?

Doing this yourself will benefit you in no way.

Because everyone would rather go full 50 year old dad mode on me and chastise the decisions I’ve made. Same 30 replies because nobody will read the thread but just wants to put in their 2 cents lol

[G82dale]

For everyone wondering. The car is almost done getting fixed, my insurance went down for the next 6 months and I just ordered everything to go FBO.

[Pathy01]

Originally Posted by G82dale

For everyone wondering. The car is almost done getting fixed, my insurance went down for the next 6 months and I just ordered everything to go FBO.

Great idea, take a car with a power level you can't handle and add more power to it. What I'm wondering is if any of what you post is actually true or simply more of the attention seeking that seems to rule your life.