Have you actually looked into exotic insurance? It's cheaper than you think and available from all the big guys.Does the guy seriously think his insurance company is going to cover that? Unless he specifically got exotic car insurance, not going to happen. I've got great rates, and a good driving record, and have been with my insurance carrier a long time. I guaranteed if I called them up and asked them to insure my new $200k car, they will decline.
Well how much was it?To own an exotic its really not that exspensive. The insurance isnt bad, of course its more than your miata but its very doable for someone with an average job. A friend of mine making less than 30k a year was looking at used gallardos and gave me the exact price for someone his age and it wasnt bad at all, suprised me.
If you're cool with half of your monthly income paying off the car for six years, so forget living comfortably, or saving, or investing, or anything clever like that.doable
I like how he said he can't afford the insurance on it and thats why he is going to sell it. I wanna know how he afforded the taxes then.Kinda funny but kinda sad... I think if I won something like that I'd just sell it straight off rather than spending thousands insuring it when you know there's no way you could keep it.