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Discussion Starter · #1 ·
So I have a 2008 TrailBlazer on my own insurance and such, my girlfriend is going to be getting another job (we used to work in the same place) and is going to be making a few hundred more per month. She is convinced that a multiple car discount will lower the entire insurance bill and we will pay less for insurance then we do right now, I was under the impression that a second car costs significantly less to insure but it still raises the total premium per year.

Besides that she is totally overlooking the fact that the other car will need oil changes, gas, tires, brakes, rotors and other maintenance and if anything breaks it won't be covered by an extended warranty like the car we have right now is. The entire point of this new job was because she wanted to put money away and start a savings account so in the near future we can buy a house, and within a years time I will be looking for a better paying job as well to help (right now at my job they are offering free management courses through a nationally accredited teaching program for free and I want to finish the courses before I leave.)

Every time I mention that she will need gas, oil, tires blah blah and nothing is under warranty she always just says "Well what if it's not that much?" Like everything is just gonna pay for itself. Am I being overly critical here or not? I think a second "off the street" car (cuz we cant afford another from a dealer) is going to eat all her extra money and possibly prevent her from paying more important bills, resulting in a hunk or metal left in our driveway that we will have to eventually tow away. She seems to think I am way overestimating the cost of owning a second vehicle and gets all pissy when I flat out tell her I don't think we can afford it. In your opinions, am I overestimating or is she just unaware of all the costs? (she has never owned a car yet)

Also, can anyone explain to me how multi car discount works? I have 1 car right now that is on a bank loan and will be for the next 5 years, the second car I get would be flat out owned with minimum coverage on it. Will my rates go UP, but just by a small amount or will the entire premium actually go DOWN?


If you need more info I'm not really shy about posting what I make on here for better advice, discussing wages never bothered me.
 

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There are some factors that apply to the insurance such as who the car is registered to - their age and driving record and what kind of car it is....
All that aside, I don't think insurance is a big deal when you are discussing whether or not you need a second vehicle. If you are working at seperate places won't you just flat out need two cars? If so teh question then becomes - do you take out another huge car loan (the answer is no) or buy a car you can pay cash for.

If you buy a car that is dependable then the cost of maintenance is zero beyond gas, oil and tires. Those depend largely on the mileage the car is used for. The whole cost vs value argument changes if you are talking about $1,000 car, a $10,000 car or a $50,000 car. A car that needs constant repair vs a car that cost more but will not break down is something that is a delecate balance. It is easy to over pay and easy to buy something that needs work. Find someone you trust who knows cars to look at the car for sale for you before you buy. Most local garages will do this for free if you can "test drive" it in for them to look at - just be sure to tell the seller before you take the car for an hour!

I will personally never buy a factory new car from a dealer again. I certainly wouldn't barrow money to do it. I would much rather buy a car a few years old with a few thousand miles on it for half the price of a new car whether that is from a dealer or through a private sale.

It sounds like you and she need more information before making a decision. Sounds like both of you are guessing at what the costs will be.
First figure out whether you need a car to get the two of you to work and back. If the answer is yes then you have to figure out the best way to do it. If the answer is no then thr 2nd car is a nice to have but ot needed thing. In that case its still ok to get one but you need to make some calls and figure out what it is actually going to cost you and then decide if it is worth it. A lot will depend on which car you are looking to buy.
 

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Well it does sound like your girlfriend is unaware of the costs of maintaining a car but it also puts less use on yours. We only have one car right now but when we had 2 i think it was an xtra $30 for the 2nd. Just call your ins. comp and ask them.No way around the maintance and the big stuff always sneeks up.
 

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Discussion Starter · #4 ·
There are some factors that apply to the insurance such as who the car is registered to - their age and driving record and what kind of car it is....
All that aside, I don't think insurance is a big deal when you are discussing whether or not you need a second vehicle. If you are working at seperate places won't you just flat out need two cars? If so teh question then becomes - do you take out another huge car loan (the answer is no) or buy a car you can pay cash for.

If you buy a car that is dependable then the cost of maintenance is zero beyond gas, oil and tires. Those depend largely on the mileage the car is used for. The whole cost vs value argument changes if you are talking about $1,000 car, a $10,000 car or a $50,000 car. A car that needs constant repair vs a car that cost more but will not break down is something that is a delecate balance. It is easy to over pay and easy to buy something that needs work. Find someone you trust who knows cars to look at the car for sale for you before you buy. Most local garages will do this for free if you can "test drive" it in for them to look at - just be sure to tell the seller before you take the car for an hour!

I will personally never buy a factory new car from a dealer again. I certainly wouldn't barrow money to do it. I would much rather buy a car a few years old with a few thousand miles on it for half the price of a new car whether that is from a dealer or through a private sale.

It sounds like you and she need more information before making a decision. Sounds like both of you are guessing at what the costs will be.
First figure out whether you need a car to get the two of you to work and back. If the answer is yes then you have to figure out the best way to do it. If the answer is no then thr 2nd car is a nice to have but ot needed thing. In that case its still ok to get one but you need to make some calls and figure out what it is actually going to cost you and then decide if it is worth it. A lot will depend on which car you are looking to buy.
The car I got wasn't new either, I always prefer to buy them with 25-50K miles on them, brand new I'm betting my car would have cost 40K or so easy.

She doesn't NEED a second car but she wants one, and I can understand why she does, using mine gets old and I think she just really wants her own car so she can say she owns one. As for type, I would be looking for a smaller 4WD SUV or Truck type vehicle, similar to what I own now but of course older, I was thinking along the lines of a Blazer or those smaller S10s from back in the day, they keep kicking long after 150K miles if you treat them right, I very much prefer Chevy or Dodge but brand really doesn't matter too much.
 

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Adding a vehicle will definitely make your insurance (total bill). Let's for argument sake say you are paying $1,000 for insurance. You add a second car, which for the example assume is the same car with the same coverage, so it would also be $1,000 making the toal bill $2,000. The multi-car discount takes 5% off each car, so now instead of costing $1,000, its $950 per vehicle, so the total bill is now $1,900 instead of $2,000. You saved $50 on your existing premium but added $900 to your total cost. This is the same even if the coverage on the second vehicle is lower than the first car. It will definitely increase your out of pocket cost. My advise if you can do without the second car don't add one. It will save you a bunch of money if you're trying to save. I did this with my wife for about 5 years when we were first starting out. Sometime a PIA without a second vehicle, but it definitely helped us out financially. Good luck.
 

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Discussion Starter · #6 ·
Hm, well that is what I figured, without buying a real junker its just going to eat the extra money she makes right up, and a real junker isn't going to make it over any hills in the winter time, I'm not sure how else to explain it to her, she gets very pissed off when she asks if we can afford a second car and I say no, and with the new job a possibility she starts a fight over it like once a week, I'm not really sure how to explain it to her any other way and it doesn't seem like she's listening anyway >_>

I'm tempted to just help her find a car and let her buy it so she can find out the hard way but I'm not sure if she would flip her lid even more on me for that or finally just accept that sometimes I DO know what I'm talking about.
 

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All other things equal, buying another car probably won't double your rate. If she has a similar driving record to you (and is in her low 20s as well), she'll pay less for insurance because of her gender. If she can find a cheap car that you guys don't have to take out a loan for, then it may end up not eating through all the extra money she'll make. You can get liability (and I suggest glass), and get the insurance fairly cheap.

Fixing things for yourself will keep costs down. Changing oil, brakes, and other basic repairs can really help you save money. I just replaced the pads and rotors (while fixing a stuck caliper) for $102. It would have cost $200+ at a shop. If you don't know how to do these things, learn. It's a good reason to get out of the house and do "man" stuff as well. We had to replace the fuel pump in my wife's car. The shop wanted $800+ to put the dash back together (long story) and put in a new pump. I did it myself for the cost of the pump which was about $160 after shipping.
 

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Frugality is a difficult concept for a lot of folks to understand. Your girlfriend wants the vehicle, good luck convincing her otherwise! lol If you insure the vehicle for just liability at base levels, the cost of insurance isn't too bad, particularly with multiple vehicles. Without knowing the condition of the vehicle, it's tough to put a figure on maintenance and potential repairs.

No amount of reason is going to change her mind if she's got her heart set on it. You've been warned! ;)
 

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My second car insurance cost me about 50% of what the first one did. On a used vehicle not under warranty, I personally budget around $100 per month for maintenance/repairs. Better than looking for the money when the repairs happen. Expense estimates can be deceivingly low, just a psychological thing. You "wish" they would be low, so you figure them that way. Yes I agree women can be "pissy" about accepting a man's point of view, especially when it comes to expenses. I go through that all the time. Good luck.
 

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Just have her buy the car. It will be way cheaper in the long run in terms of having to deal with relentless nagging and resent each day of your life from this moment on. Trust me, there are some things in life way more expensive than cars...
 

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Discussion Starter · #11 ·
Well so far once I told her some real numbers she seems content that I am right, we will see how long it lasts.
 

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Look into older Subaru's. They are pretty reliable and they are pretty cheap on insurance. Also good in winter and if you get bored on dirt back roads you can go rallying!. Other than that I'm not sure how to help you convince her it won't be cheaper.
 
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