Got my 04 Suzuka last year when I was 22, right after graduation and a week before starting my engineering job.

 

idk about 15 and 16 year olds but i got my first ap1 when i was 17, not every 16 year old makes 8.00$ an hour i was a waiter at a Bob Evans restaurant at 16 and by no means is that a fancy restaurant but atleast i was making a good 14-19 an hour based off tips and i saved up 7,000 dollars in about 10 months and sold the car my parents handed to me for 5,000 (they paid 6 for it, it was an rsx base model if anyone cares) and then came my ap1 for 10,800 =].

Also rereading your post i guess my parents did hand me that money for the first car, but on the other hand i drove the car for a over a year put 25k miles on it and didnt trash it like everyone thinks the typical young person does and that resulted in me being able to save my for dream car while my current cars value did not diminish greatly

 

Multi-car discounts. Most likely has the S as the "second/weekend" car.

 

Somehow I knew that would be it.

I dont think my priorities are jacked up, no matter what vehicle I have it will be $3,000 a year, so may as well make it a good one

 

When I had my s2000 as my second car it was only $180 a month, making it just over $2000 a year. On the insurance, because it was my second car, it treated the rate on that car as if I was 25 already. I didnt complain

 

Why would every car be $3,000 a year for insurance? Is there a flat-rate insurance program in Canada? In the end, as long as you are paying the insurance out of your own earnings, then that's your decision and an s2000 isn't the worst thing you could be blowing money on... but $3k a year could go a long ways towards a down payment on a house or other investments.

 

Because of my driving record when it came time to buy the S I was actually going to get a 50th anniversary z06 triple black used but insurance would have been close to 700 a month at 23, I bought my s2000 brand new and spent a little more for the car payment and insurance combined. I think where you live and driving record play a big deal at rate time. My driving record is a tad tainted.

 

I was 25 when I bought my S in 05, an 01 with 6k miles, 26K paid in full. I was military too and USAA is by far the best and cheapest insurance ever. Claims were dealt with so fast it was ridiculous lol. I was paying $550 a month for full covarage on my S, my bike and my apartment. I'm with safeco now and pay $800 a year for just my S, full covarage w/ roadside, rental and all the perks.

 

Wow did not know there were this many owners. Its hard to believe some of this statements thou

 

Why would every car be $3,000 a year for insurance? Is there a flat-rate insurance program in Canada? In the end, as long as you are paying the insurance out of your own earnings, then that's your decision and an s2000 isn't the worst thing you could be blowing money on... but $3k a year could go a long ways towards a down payment on a house or other investments.
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Actually $3000 is one of the cheaper rates, Im paying generally lower than most people my age. We get raped without the lube up here in Ontario . Quebec has it great though, on average less than $1000 a year. The s2000 believe it or not, is one of the cheaper cars to insure in Ontario Canada. There are a few factors, I forget them all though. A Honda Prelude or Honda Civic though, for me would be well over $3000.

$3000 a year towards a house down payment? That would take more than a few years to save up . Where I live the average price of a home is $350,000+