Mike -
I know it seems unfair to you that the insurance you'll have to pay is so high. However, it won't change the situation for your company. I started on an older used car, and insurance was ok. Remember that you're going to be driving with a lot of crazy teenagers, and even if you are an extremely safe driver, others won't be, and as somebody said above that car may not survive your teens.
Are you paying for this yourself? Or are your parents paying? Remember that you have college to pay for ahead, and even regardless of scholarships there can be big costs for that as tuition rates skyrocket. I hate to be a killjoy, but the decision is really where you want your money - a sports car now, or an even better sports car later

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- Geni