yea, so far i only know a few that offer that policy.. but im not sure what insurance companies are out in NY area..

 

YIKES! I know everyone has said it but 500$ a month?!?! I pay 750$ a YEAR for my TL and that is a full insurance. Mind you I have a perfect record but still....ouch!

Now as far as trading early, going from a '12 to a '12 is just too much. Hold on and just ride it out, the 5G TL will be out in a few years and you can get it then. Its hard to beleive that you liked the color enough to buy it then and now willing to take a hit so quickly. Ride it out and your color is actually not bad at all.....enjoy and focus on lowering your points and insurance costs. I nearly spitted my milk when I read your $500/month.

 

i really want to see how long he can ride it out paying 500 a month.. that's roughly about 6 grand a year!

id say dont even think about getting another car, cut your insurance, take the bus or ride a bike.. because clearly your payments outweigh anything...

god damn 500 a month, that's my car payment alone.. lol

 

A quick tidbit on my part. Back in April they paved my road and it had an uneven shoulder. Took a friend home and on the way back it was raining and i hit that shoulder and caused my car to slide around and I hit a fire hydrant, actually knocked it down taking out my oil pan. No water didn't spray up in the air like in the movies, just bubbled out of the ground. I was alone and called 911 and it took them a good hr and a half before ANYONE arrived. Hell I was just the next block over from home!

I didn't get a ticket or anything (by then it had stop raining and you could see where I tried to correct the spin) and it was proven that I was doin the speed limit (seriously I was doin 35). Well Geico totals out my 2000 Mazda Millenia S Millen Ed, the damage wasn't bad at all, just the replacement parts were expensive. To add insult to injury, it took my adjuster 2 weeks to tell me they've decided to total my car and i actually thought they were fixing it at the body shop so i called the shop and thats how I found out. Oh and to put more gas on the fire, I get a letter in the mail stating that Geico will not renew my 6-month premium and drop me. I have 0 pts on my wrecked, was deemed a safe driver by my former insurance company, and I was insured with them since I was 15 and have NEVER been in a car wreck. I still dont know what deployed airbags look like in person.

Now my ex gf did wreck my car 2 yrs earlier (she hit a mailbox... rly wtf?) and then 3 mos later my younger sister was in a KFC drive getting food (she's pregnant) and I guy who's in the airforce rams her, pushing her into the truck in front of her. Got the car fixed a 2nd time, and almost 2 yrs later Geico totals it out, which is understandable (they told me the frame was bent, which I really dont see how from my wreck UNLESS it was previously damaged before.) I hated their approved bodyshop, they were so lazy, they never realigned my rear bumper and i left it alone, of course I noticed it but no one else did.

And this is why I'm about to end up with an Acura. I've been waiting on the right TSX 6spd Tech to pop up, but seems like 2012 SE will be my new ride. ....Or an 07-08 TL. Preferably Type S 6 spd. <--- to hard to find.

But OP your insurance is RIDICULOUS. Mine wasn't even that high. For my age it was like $800/6 mos. Mind you I'm not a high risk driver at all, and I've had 2-3 speeding tickets when I was younger, no wrecks (well my first at fault one), 0 pts. I was stressing over it, but my Mom was like you'll get some insurance when you buy your next car, big companies will do that. Whats weird is I know people who've had dui's and wrecks and plenty of violations, and haven't been dropped, PLUS their insurance is STILL cheaper than yours, granted they're not driving a new car, but they're relatively new (2-4yrs old).

OP shop around. I dont live in the city, more rural small town, so that may help on my part.

 

Try to avoid getting a new car just because of the color but on the other hand, it might actually help with the insurance but I will explain more later. If the car is leased/financed and registered in your name alone, most understand that they will need to continue to insure it that way as well but I am confident you can add another person to your reg as a joint owner, or register it in their name alone even if it's financed/leased in yours. They wouldn't necessarily need to buy it or assume the payments either, it could be a "gift".

They would be the one taking out a policy and technically every time you use the car you are borrowing it and NY state law (which can vary from other states) says you are covered by that insurance no matter what, so long as you are not specifically excluded from the policy, which is basically signing a waiver. This should to be an immediate family member or life trusting friend.

I don't know what your living arrangements are but for informational purposes, standard insurance policy (most of which is not law) says that individuals in the same "household" should all be added to each others' policies, as they have regular access to each others' vehicles, unless they have their own car and their own policy or are on another separate policy at that same residence. They basically want to make you pay again for what you already are and what you are already covered and protected by legally.

So let's say this is you, even if you get the car insured with another insurance provider in another name, preferably someone with a clean record and license, and you live together, if and when they find out you live in the same household they will attempt to force you onto the policy but they usually only find out if you get a ticket or other reported incident while operating that vehicle and it goes through the DMV system and all but only if your license is listed at that address.

There are ways you could prove you don't live there and they would not add you but usually still want you sign the exclusion when it happens after the fact but there is little they can do before. I wouldn't recommend this as it probably is considered fraud if you do actually live there but even then, if they did find out, you could buy a junker and take out the minimum policy allowed by law, drop the collision which is the biggest expense or if your record is that bad and you need to go with an assigned risk policy with next to zero coverage, do it since you wouldn't really be driving it and it would cost a fraction of what you already pay even if you then would be paying insurance for both, the side car’s insurance in your name and the TL’s in another person’s name. If it’s something old yet reliable and good on gas, it could help save you money and maybe pay for itself as well as the insurance on it.

There is another way as well and it involves actually getting that new car and with the insurance savings, it's not a necessarily bad financial move either. Have someone put the car completely in their name or bring in a co-borrower (so you are still liable for the payments) and have the car registered in their name or joint registered, so now if the other owner decides that they will insure it in their name and “let you borrow it all of the time” while you make payments on it or give them the money for it, you are not really doing anything wrong or illegal.

People might not agree but it's none of their business and that‘s what insurance companies deserve for being unreasonable and for cops beings hard-ons at times (just saying because it‘s true, otherwise I have respect for what police officers do). If you do not live with this person, it's better, in the event you do, the same rules above apply. This goes for a refi of your current car as well.

As others have stated, the defensive driving class is there for a reduction of some points and a 10% savings. In NY, points stay on your license for 18 months but that really isn’t the important part, your record is and minor violations stay there for 3 years following the next new year, so it could be as long as 4. Some providers only look back 3 years (as others have stated) so stay out of trouble until then. It’s not worth it and I wouldn’t give them the satisfaction.

 

With Acura leasing I am unable to register the car under someone else name.

 

yea your kinda lucked out on that, but there is such thing as a lease transfer.. look into that

 

With a lease transfer the person getting it would get a different lease payment.

The only other option i see here is to trade in my lease for a financed car.

 

Did u get a number from state farm

 

finance your car under a different lease, for you to go from lease to finance under your name wouldn't change anything, your still paying a hefty price.

all in all, its your name that is affecting your cost.

like i said before, you can get away without having your name on the insurance, you just have to check if your eligible to do it.

 

There may be some issues with the policies regarding the lease company but the problem is the vehicle being solely registered in the one name. Perhaps the lease company does not allow the vehicle to be leased in one name and registered in another and that is understandable but they shouldn't say you cannot allow a joint registrant, and the insurance could be provided under that person's name.

I would hate to see the low lease payment go to waste by financing a new car and the dealer will likely try to exploit your situation. Only do it if there is absolutely no other way or excpetions to be made and it makes complete financial sense.

I do know having a co-applicant (borrower) vs a co-signer on a finance makes this process a lot easier. They may or may not have that available for leases. This way you can register and insurance the vehicle in either or both names.

I would check with a DMV as well, if it can be done they will help you do it, they want the money. Here's a link to the NY DMV website with the registration info. http://www.nydmv.state.ny.us/register.htm

 

Acura said that i can not add another person to my lease because that person was not there during the transaction.

My other option is getting closer. I dont really want it but i know it can be done.

This other person has agreed to be on the purchase and be a co-signer both on the car and the insurance. Then this person can have this car under their policy.

I dont want to do that because it will be almost the same that i am paying now just that i can take the insurance out just to save a couple of bucks or keep it in just the collision. Its like redirecting the funds.

 

from what i can see here...

you are in no place to own an TL at the moment due to your driving record..

if i were you, id find someone else to take over your payments, and let them handle insurance by themselves.. and leave you out of it while your name is still on the car..

find yourself a cheaper car, or even a motorcycle.. get yourself out of this hole that you dug yourself into...

btw, you should have done your research with the insurance before you bought a car..

life lesson for you to learn..

 

Hell yeah pot. I am looking into a 2009 TL or even a TSX.

Its a shame that i didnt do my homework before i got this damn lease.

 

You don't need to add another person to the lease agreement which is the financial obligation to pay for the car, you only need to register the vehicle in another person's name, if possible. Who the car is registered to and whose name the lease is under is usually two seperate things. Did they say you cannot register the vehicle in another name?

It's just hard for me to know through the posts if you are aware of the difference. I can't tell 100% so I apologize if I sound like I am repeating myself for no reason.

Another example would be a husband finances or leases a new car for his wife. He takes responsibility for the debt and the payment in his name and in his credit but he could register the vehicle in her name. That works for any other gift situation as well. That is what you would be replicating.

I may have confused myself earlier, you don't want a joint registration because the vehicle would need to be insured in both names in order to be registered. Worst case, you could refinance or get a new car and have a co-applicant, possibly even co-signer, so you are both liable for the debt but it can be insured and registered in either name.

I would rather pay for the new car finance if it's going to be the same amount of money between the current insurance and lease payment anyway but only if you are not too upside down and they are not adding thousands to the new purchase and also, only if the person who agreed did not live with you because then you could be stuck with a higher payment and the higher insurance. But way before this, your best bet would be the current lease and cheaper insurance if it can be done.

Call or go to a local DMV before you do anything. It sounds like there might be complications with leasing vs financing but they may allow exceptions if you can come up with the proper scenario.

 

he cant transfer anything without approval from the lease department.

and most likely under contract, he cannot transfer unless there are certain criteria s that he has too meet.. like for example, if he cannot make payments, they will have to take the lease back and it will effect is credit.. or early turn in with a fee..

but all in all, he doesnt own the vehicle, who ever is giving them the lease does.. going to dmv will not solve anything, he is not the owner of the car. heck, he doesn't even have the title, he just has a lease agreement.

 

You are not repeating yourself at all. You are being a huge help.
I called Acura this morning and they said that they won't allow me register the car in that other persons name. Even though i said that i will keep thier insurance requirements. I think they are being unreasonable.

I am in the search for a cheaper car but with the higher interest rate i end up paying the same as a newer car with a lower interest rate.

 

You're correct but what I am suggesting is only that he explore all avenues before deciding on anything. The DMV would have been familiar with any scenarios that resemble this.

There is policy with regards to the leases and then there are laws. You are not going to change the law but policies have exceptions. I would investigate them and all the other alternatives have been layed out as well.

If I told the lease company I could afford the car but due to more recent circumstances I could no longer afford the insurance and would continue to pay for the car as liable but would simply give it to someone else to use, I can't imagine they would not allow another person to register and insure it while I got something cheap that I could afford the insurance on or used public transportation.

I just find it hard to believe they wouldn't accept my money still but rather repossess. Things like this happen everyday, people lose their licenses, etc. That is very unreasonable. Whatever you do OP, good luck, not trying to complicate things.

 

you just repeated what i said in my previous post.. and made it different..

you silly troll

 

No offense or disrespect intended and the reason for it sounding like I am repeating you is because the issue is the same, we just have different opinions on what the OP would be capable of doing or arranging with Acura financial and how to handle the overall situation.

I believe your perspective is based on being an Acura employee of some sort and being accustomed to most playing by the rules, which is very valuable insight. Where I am a hard ass customer who has gotten Honda/Acura financial to do things they normally wouldn't have because of persistence, voicing my dissatisfaction and insisting to speak to higher ups who have the authority to make that call.

All I am suggesting is it's worth a shot as there is nothing to lose and taking no for an answer is sometimes easy. Business is still business at the end of the day. It would not be the first time they would have made an exception or bent the rules.

 

no.. we dont have any difference in opinions..

your basing your answer off what i have said previously..

you simply just rephrased it..



same as


and



same as

troll much?

 

You can't be serious? Don't flatter yourself.

I never suggested this only to present it as such to avoid the insurance.

Actually you said he wouldn't be able to do that with it still in his name, I insisted he might be able to and to continue trying.

I am for him getting through this in this way or refinancing or getting a new car with another insurer instead of blowing away money to a greedy insurance company. You are suggesting the opposite or that he is no position to get a new car. You might disagree but there are plenty of alternatives.

IMO both helpful but not the same. Anyway I never addressed you, only the OP, but seem to be addressing me or did initiate. Tell the OP whatever you want, but it has nothing to do with me. He will decide what is right for his situation. Nothing really more to say.

 

that wise comment you made bout chinese people fucking up your silver... smh


also with 11 points in NY, did you already serve a 31 day suspension? or did you rack up 11 points above the 18-month period?

 

Everything happened to me this year. I have not served any time for it.

About my immature comments, I have already apologized for them. I was just so angry that crap came out. I didn't mean to offend anyone in Acurazine.

 

What? The person who buys/leases the car is responsible for the insurance. If your father buys the car then they are responsible for the insurance. But if my son got 11 points, no way I would want them on my policy. That is irresponsible, if you don't learn after your first ticket you won't learn.

I pay $7k a year, but have 4 drivers (2 under 25), 4 cars (3 new) all with a clean record.

 

lol.. do you not comprehend what i wrote..

First of all, person that puts the name down for the car is only responsible for the financial part. it has nothing to do with insurance. Think of it this way, how do you think younger drivers get their new cars? they don't put their own name down to get a car right? at the age of 18, you will not have solid credit to even begin to get a car. If you get into an accident, person listed on the title is not responsible for accident, the driver is. all in all, person driving the car is fully responsible for the car, weather if its an accident or a speeding ticket, or fix-it ticket, it always goes to driver, not the owner/lease of the car.

Secondly, your parents are the ones that put the name down. Whoever drives the car is responsible for paying insurance, now that doesn't necessary mean that you have to put your name down on the insurance policy, but you can still pay for it. Certain insurance company's offer that policy. its called accident forgiveness.

look it up, read it, learn it.

My mom had 4 kids,

at the age right now, one is 30, other is 25, i am 24 and my youngest brother just turned 18. so 2 of us is under 25 and one is a new driver.

i got 4 cars in my drive way. 2010 TL, 2012 Accord, 98 Previa, 2008 Corolla.

and you know what, i have 5 drivers (my mom does not drive) and i still only pay 2500 a year full coverage.

note that i have 2 points on my driving record, my sister has 1 and rest of the family is clean.

you my friend certainly need to shop around for new insurance because 7000 a year for insurance with clean record is bad (unless you own lambo's or bently's or some italian sports car)

7k is how much i pay in 3 years.. lol

 

yea I read the apology thats why all I said was smh

Did you get all those points in your TL O_O? So technically won't your license be suspended?

NY Driver Violation Point System

The New York DMV tracks the points on your drivers license. If you receive 11 points in 18 months your New York Drivers License will be suspended.


http://www.nydefensivedrivingcourse.org/points

I'd get that double checked if I were you asap

 

7k pretty cheap for a lambo(don't think op has one)

 

I know how it works, it was summarized above...owning 4 cars I may have a smidgen of knowledge of how it works. Point is to save a buck you want your dependents to be under your policy, which means you have to register the vehicle and even finance/lease or own outright you have to be able register the vehicle, which the loan company gives you or title provides the proof.

Secondly, you don't know where I live, and I pay low rates for my area, NY area, based on the usage of the vehicles. I know people in other parts of the country who pay a song and a dance, but they don't park their car on the street, for example in Jersey City and tell the insurance company that.

 

OP, you could drive it into the Atlantic, that would pretty much end the transaction as the car would be a total loss and the lease would be void. I know a guy who owns a lot in Amityville who can help you with that problem.

 

eazy,

how much do you pay in a year for your TL?

 

Wow, what a thread. My wallet and heart bleeds everytime I pay 1,750.00 for 6 months to GEICO but I also have quite a few points (no DUI's, all speeding, one was 110 in a 55), accidents (1 of which my fault) and live in NY. I haven't gotten a ticket in over 2yrs and have semi recently taken the defensive driving course but unfortunately I will be paying for my mistakes for a while.


I'm going to make some calls before my renewal comes up 9/30.

 

Having a leadfoot is very costly, indeed.

 

lol, well as they say, gotta spend money to make money..

7k is way too much, your almost paying 600 a month.

Is there no way you can get insurance in a different state and have your car in NY? (im not sure if that works)

 

I blame my parents for not putting me through some go kart courses as a child; I have driving talent!

 

Skytech I just called Nationwide, Progresssive, Allstate and Statefarm. None except Progressive could give me a quote, which was higher than what I pay with GEICO; maybe there is no hope for us.

 

Reality is.. time is the only thing that is going to help you guys.. (I know, you know that)... or.. get a cheaper car until the time passes? (as if)

I just can't imagine paying that much for car insurance coupled with the car payment and everything else it takes to live these days.

 

My bro in law - 3 cars 3 drivers, I believe pays the same as me in NY. Before kids were on policy I was paying about $900/year for two cars and two drivers. But if you honest with the insurance company: meaning you tell them the kids are the primary drivers of their vehicles, and they commute more than 15 miles on way to work, and they are under 25, and they expect to drive more than 15,000 year, and you want the best policy with the lowest deductible; get a quote and see what your rates are. And you live in one of the top 10 most expensive insurance states.

I feel bad for the op....however, the op was not a victim of circumstance.

 

HeartLs - What are you paying for insurance?

 

You don't even know, paying annually for parking lot(s), 4 dollars + per gallon of premium, 500 dollar monthly car payments and my insane insurance premium is keeping me poor.



I pay 1750.00 for 6 months Diddy.