Many teenagers when choosing their car like to focus on a set of wheels that will impress their friends. While having a car with great aesthetics may get some to turn their head, it’s important to look at the bigger picture. Make sure before purchasing to take some time to research all the details so the vehicle fits your family’s needs.
Firstly, determine the budget of the vehicle. Don’t just consider the selling price, vehicles will have additional expenses such as gas, insurance, and maintenance fees yearly. Also, before making your decision on a vehicle it’s important to take note of the teen’s lifestyle. How often will they be driving? What weather will they be driving in? This will help determine the features that are most important in the car.
Once the vehicle is purchased you should remind the teen of all the responsibilities of being on the road. This can include discussing safety issues, such as texting while driving or speeding. Keep in mind a minor speeding ticket can raise your insurance premiums 20% on average. You should also prepare your new driver with a spare tire and an emergency kit in the trunk.
Setting clear expectations for your first-time car owner can follow them into adulthood. Safety, responsibility, and respect for everyone on the road should be core values your teen follows on the road. By doing so, you can ensure that your investment is worthwhile. Check out the infographic below for more information about buying a teen’s first car.
Infographic created by Capital Auto Auction, a vehicle auction company