Purchasing a car for you a teenager can be a stressful process. Their Decisions are becoming more serious and there is more pressure for teens to make mature choices. Purchasing a car can bring enough stress, but making sure it meets all the requirements for your teen can bring additional pressure. Here are a few considerations to make before making the buying decision:
- Safety: When first learning to drive, teenagers may not have as much experience in every unique situation. Make sure to fully examine a car’s interior and exterior condition and make sure to view the vehicle history. You can also research other safety features for the vehicle. There are several safety ratings you can consult before purchasing.
- Quality and Value: Cars can range from a variety of prices. That being said, you should factor in the future costs with the vehicle you choose to buy. For example, some vehicles may cost more to repair. Once you factor those costs in, this may change your buying decision.
- Insurance cost: Insurance costs can be expensive for any new driver. Additionally, having a newer vehicle can also cost more to insure because of the higher value. Driving practices also determine the cost of insurance. In fact, a moving violation could increase your insurance premium by 20%.
Teenagers may prefer a car with speed, but a car that is safe and can last a long time may be more practical. For more information on purchasing your teen’s first car, check out the guide below. It provides a few more tips for purchasing a first car as well as a few more general car tips for a first-time driver.
Infographic created by Capital Auto Auction, an auto auction company