If i had All State insurance company and had money to buy a BMW M6 for 54k what will my monthly payment be?

I'm only 16 with no insurance but I'd like to know what my parents do nowadays... looking forward to become a internist..anyway lets say im a internist and i make 90k a year and i bought a BMW M6 in cash for 54k and my insurance company was all state... what would my monthly payment be for that car?If i had All State insurance company and had money to buy a BMW M6 for 54k what will my monthly payment be?Depends what type of coverage you have on the vehicle. For a liability only, minimum limits policy, you're looking around $800/month. For full coverage (including coverage on the car), a good deal would be about $2,500/month, assuming Allstate will agree to write you (which they likely won't).



Insurance on a $54,000 car for a 16 year old is going to be expensive. Get ready to spend a good portion of that $90,000 on insurance payments.



Honestly, you are better off getting not so nice of a car for now.If i had All State insurance company and had money to buy a BMW M6 for 54k what will my monthly payment be?The insurance would probably run you around $2,000 a month, at 16.