Quote:
Originally Posted by genuinegirly
braisler, you're offering great advice. I'm going to be picky, though...
I'll be shocked if he finds insurance that is less expensive (and as comprehensive) than USAA. They're usually about half the cost of any other insurance company.
Also - I'm not sure you realize that the OP is in Alaska. It's exceptionally important to have a solid, reliable truck in AK. I can't fault him for having a new truck with any and all cold-weather bells and whistles.
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That's ok, I'll pick right back.
My wife's father was military, so we qualify for USAA too. I ran them against other insurers and came up with saving a couple of hundred per year going with Progressive over USAA. Also, I was particularly prompting him to re-contact his own insurer and other insurers since he has recently turned 25 and also recently bought a house. Those are big milestones when it comes to determining insurance rates. If he got insurance for the truck last year when he was 24, today's quote might be a lot lower. Some insurers will automatically lower your rate, most won't unless you ask about it.
I do recognize that he is in Alaska. A 1998 AWD Subaru might also work and cost around $4000. Or any other number of capable, sound, and sturdy vehicles that could be had for under $5000. I know that some people just LOVE their cars/trucks, and that is cool. As long as you realize that love is costing you some big money. A $26K truck that will be worth, what maybe $10K in 5 years, $5k in 8 years.
Hey, are Alaskans still getting checks from the Oil Reserves/Alaska Permanent Fund? I remember a friend who lived there saying that they used to get $4K per year for their family. This could be a source of a little cash infusion that you could throw at your investment accounts.