Investment

Practical Purchase: A Teen’s Guide to Buying Your First Car

If you have finally saved up enough money to buy your first car, you are one step closer to being independent. While purchasing a new ride can be an exciting experience, young drivers must stay patient during the selection process. Here are a few tips to keep in mind when buying your first car and how to stay practical in your first big purchase.

 

Practical Purchase A Teen's Guide to Buying Your First Car 2
Safety
Your safety should always be one of your top concerns. Before buying a new ride, be sure to research the vehicle’s safety rating. Ideally, you should choose a car that has at least a four-star safety rating. Not only will a well-built vehicle offer better crash protection, but the cost of insurance will also be less expensive. Although advanced safety features such as blind-spot monitoring may cause the vehicle’s total cost to rise, they are definitely worth the extra money.

New or Used
The advantage of a brand new car is it will come with a longer warranty and more modern features. Unfortunately, you may not be able to afford the monthly payments. A pre-owned vehicle will definitely be the more economical option. When shopping for a used ride, try to find a low-mileage model that has been well-maintained. To avoid buying a lemon, ask a mechanic to inspect the vehicle beforehand.

Pick an Appropriate Vehicle
While a high-performance muscle car may get your adrenaline pumping, the extra power can get you into some serious trouble. As a new driver, you should select a vehicle that has less than 250 horsepower under the hood. If your friends plan to tag along, you will need a vehicle that has a reasonably-sized back seat. Never purchase a vehicle based solely on appearance.

Research the Vehicle
It is always a good idea to research the vehicle’s market value. This will prevent you from wasting your money on an overpriced ride. An Autobank of Kansas City says young drivers should always research the brands they want before even going in for a test drive. Remember you also need to research the vehicle’s cost of maintenance. Stay away from vehicles that have a shaky reliability rating.

Pay Attention on the Test Drive
If the vehicle does not feel comfortable at first, it probably won’t get any better over time. During the test drive, pay attention to the vehicle’s outward visibility. You should be able to easily see the surrounding area with no obstructions blocking your view.

Your first car will forever remain close to your heart. When searching for the perfect ride, remember to always take your time and be practical about your purchase.

 

Image courtesy of suphakit73 at FreeDigitalPhotos.net

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