Im 16 & if i be to buy a 2003 bmw, how much insurnace would i settle?
Answers:
Oh, the hidden costs of coup¨¦ ownership. Ain't it lovely. You should also reconsider your choice of automobile.
Are you organized for the higher repair costs next to the BMW, taxes that are due every year, premium fuel, oil change? Not only are you buying an "asset" that depreciates near every mile, but you are also purchasing one that requires you to throw money at it beyond just the purchase price. If you're worried almost affording the insurance, you are probably better with more money contained by the bank. Just a blustery guess.
It depends on where on earth you live.
It depends on your sex.
It depends on whether or not you can be added to your parent's policy.
It depends on your school grades.
It depends on your history, criminal and credit.
It depends on your drivers childhood.
It depends on your planned use of the car.
It depends on on how tons miles a year you will drive.
Ask several insurance agents. Get several quotes. Be 100% honest.
I would say around $3500 per year. They really stick it to immature drivers.
Good luck and good walking.
Depends on where on earth you live, and which model of BMW. I'd budget $12,000 a year for it, if I were you. That's for the insurance, I be determined.
More than the cost of the car.
A-LOT! You are a liability at 16. And if you don't mind me asking are you male or womanly?