How To Get Your First Car At 16

Tips for choosing the first car for your teen to drive.

How to get your first car at 16. Do a bit of research to figure out how much you want to pay for your car and what kind you d like to buy. They may scream and kick. The budget you set ultimately helps you determine which car you get. Some of the factors you ll. Get started on your path to vehicle ownership with these tips for first time car buyers.

Naturally how much you can afford to spend on your first car will determine what type of car you decide to purchase. Beginning drivers are at highest risk of a crash so help them be safe. So once you ve established. Owning a car can be expensive but if you plan well and learn to save it ll be easier to buy your first car. This strategy will help you avoid overextending yourself financially and getting deep into debt when buying a car.

In general brand new cars can cost up to 30 000 while you can get a used car for a few thousand dollars. As a general guideline your car payment including the principal interest and insurance should be 10 or less of your gross. Shop for a lender. Buying a 30 000 car for a 16 year old just doesn t make sense. Your second option is to let them pay for the car on their own.

Don t get in trouble at school. If you re breaking your leg doing stunts on your bike your parents probably aren t eager to see what you ll do with a car. When your teenager is ready to drive finding the right car is a vital decision. The right car can help your teen make wise decisions on the road and help protect them in case of a crash. If they catch you with alcohol they be afraid that you will drink and drive when get a car.

First it may seem tempting to just go out and buy a car for your teenager especially if you have the money. What to research before buying setting a budget. That 30 000 ride will be trashed in no time. An older car with low mileage may be hard to find but can be a great deal. Don t get swept away by the excitement of getting your first car.