Originally Posted by 2008e93M3lease
This is a liability for this kid's father. This kid's dad is obviously made out of money or crazy. Better yet his dad should have got him a Ferrari. He could have broken $1500 on the insurance payment. His insurance payment is most certainly around $600-700/ month, maybe even $1000. What do you guys think the payment is?
You are nuts if you think the car is insured in the kids name. The kids name is nowhere near the title or the insurance.
A ferrari is in a different economic ballpark.