Hi everyone,
I'm a 23-year old female living in Toronto, Ontario. I just graduated from my Masters' degree 2 months ago, I'm now working full-time, and I need to get a good, reliable, but reasonably priced car. I've been under my mother's car insurance for 5 years, as a second driver, with no accidents or tickets.
What type of car would allow for the lowest insurance rates? I'm thinking of a 2009 Corolla because I would get the New Grad discount from the dealership and they also have a graduated payment plan where you can make lower monthly payments for the first year. What do you think?
Also, would it make sense to have my mother insure my car under her name (I can just be added as the second driver again)? I was told that this would help lower the rates, at least until I'm 25. My mother has one car insured so perhaps if we add a second one, we'll get a multi-car discount. What do you think? Could I buy the car (ie: the "ownership" would belong to me) but still have my mother as the primary driver for insurance purposes?
I know I have lots of questions, sorry! But, one more: would it be better to lease or buy the vehicle (if I buy it, I would really be financing it and making monthly payments)?
Any help you can provide would be much appreciated! Thanks! :)
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