Hey guys. I just really need some input. I had just recently bought my 240, about a month ago. I really have loved the car since my friend had one in highschool a few yrs back. I guess you could say it was an impulse buy, it was my 20th bday, recently up’d my credit card to $5000 limit. and bought the car. Now im paying the car off and it basically just in my garage.(except when i take it for drives in my neigbourhood) Looked around for insurance and could not find anything below $500/ month. so here are my two options.
1)Store it in the garage until next summer. All my tickets will be gone and insurance drops to the $300 range. i can focus on payin the car off and start to work on some mods. TTC to save money. (i HATE ttc).
2)My Uncle has offered to transfer the car under his ownership. I’d have to pay for all the fees, taxes, cert & etest, etc. (anyone know how much this cost?), and eventually pay him monthly to pay his insurance. the positive is its only $75/month and i get to DRIVE IT! negatives are i would not be building up my insurance as i wont be mentioned in his insurance. my monthly cost for commuting would be taking money from starting my mods, as opposed to transit. AND id be driving it during the winter.
Its really hard to see it just sitting there in the garage. i really want to drive it but which decision is smarter/beneficial? any input is great. THANKS!
here is a pic
