alright, let's figure this out...
BlAdZ01 claims that he's "on his way" to making $100,000 a year, owning his own business. Using the Kelley Blue Book's online car quote tool, let's figure out how much he will be spending on his cars in the coming year.
My car Time Line is
"April: 2002 NSX"
Assuming he goes with the MANUAL transmission, not auto, he will be paying:
ACURA NSX-T MANUAL 3.2L VTEC -- BASE MODEL PRICE WITH DESTINATION CHARGE invoice 79958.26
retail 89745.00
Then, in July he's getting a Honda CBR600F4I, which is not in the KBB database (as a motorcycle), but goes for a recommended retail price of
$8,199, according to American Honda's homepage.
In fall, once the pleasant summery days have passed and he wants some four-wheel traction for those wintery roads, he's getting a Skyline GTR 34. Granted, the Skylines are also not in the KBB database, since they are not made in the U.S. "Motorex" is the primary direct importer of new Skylines that I am familiar with, so I referenced their website to find the price of an imported R34 Skyline.
Here is their page, check the "stock list" to see that a new (well, 120 miles, but that's pretty new to me) R34 goes for
$95,500.
And finally, on Blade's shopping list is a "Lambo" next march. Now, "Lambo" is not very specific, but I will give him the benefit of the doubt and assume he wants the cheapest current model available. This is the year-2000 Diablo VT 6.0 roadster, which retails for $274,900 U.S. according to
Lambocars.com, a Lamborghini enthusiast website.
But we're not finished yet. Remember that this kid will be needing INSURANCE for these vehicles. I entered my own zip code, which is in fairly crime-free, middle-class Irvine, CA. Taco Bell, Canon, Saleen (the ones that make the S7 supercar), and Western Digital, among many other high class companies call Irvine their home, so insurance is quite cheap here compared to many cities across the country.
Next, I went to insweb.com, which is a website that compares the databases of many insurance providers, for the purpose of finding the lowest available quotes. Here are the assumptions I've made about Mr. Blades01 (I give him the benefit of the doubt on everything, this is assuming no prior driving record trouble).
All vehicles stored in a full garage, not on the street.
Assuming he got his license when he was 16 (gives him more time to practice, he's less dangerous a driver)
Assuming NO moving violations/accidents ever.
Assume he lives with his parents.
Assume vehicles are used for "pleasure," not for commutes.
Assume 4000 miles per vehicle per year.
Selected "standard coverage," by insweb, which includes:
- $100k/300k liability
- $50k property damage
- $5k medical payments
- $100k/300k uninsured motorist liability
- $3.5k uninsured motorist prop. damage
$500 damage deductibles on each vehicle
He has never graduated from an accredited 2 or 4 year college degree program (being that he's fresh out of high school, prom picture on the 2by2.net site and all).
And... ... ... ... waiting for it to process his quote.
Oops, sorry to be anticlimactic, but the AAA, AIG, Allstate, Amica, Atlanta Casualty, CNA, CSE, Financial, GE, GMAC, Great American, Hartford, John Hancock, Infinity, Kemper, National Merit, North American, Progressive, Republic Indemnity, Sun Life, Travelers, Tri-state, Western, and Zurich insurance companies
ALL refused to offer our boy any coverage at all. So unless he's got an extra million or so to set aside as insurance capital collateral, or a very good lawyer and lots of extra money, he will not be able to insure these cars, and thus it will be illegal to drive them.
So let's total up the cost of his cars for the next 12 months, and see how much they'll cost (leaving the 'It's-impossible-for-an-18-year-old-to-insure-these-vehicles' conundrum aside). All vehicles are including tax and destination.
NSX - $96924.00
Honda bike - $9256.00
Skyline - $103,300.00
"Lambo" - $297,000.00
For a grand total of... are you ready?
$506,480.00
plus, the aforementioned thorn in the side called
insurance . Now, it's been a while since I took the SAT's (and got an 800 on Math), but to me, that $500k plus seems a bit more than the "I'm on my way to earning $100k a year" budget junior's got to work with.
I admit that my parents gave me my car, but only after I earned a full academic scholarship that gave me a free ride through college. I don't see what Mr. BlAdEz01 could have done to earn that kind of money on his own, short of a billionaire uncle dying and leaving him an oil fortune. Besides, if *you* owned a legit company, would you employ a firm run by an 18-year old "e-commerce consultant?" Could he be the next Bill Gates? I think not.
