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.

How to get your first car at 16. So once you ve established. Get started on your path to vehicle ownership with these tips for first time car buyers. They may scream and kick. Another benefit of buying a used car especially if you are a new driver is that the car will likely already have a few dings and dents. Tips for choosing the first car for your teen to drive.

Some of the factors you ll. This strategy will help you avoid overextending yourself financially and getting deep into debt when buying a car. When your teenager is ready to drive finding the right car is a vital decision. Naturally how much you can afford to spend on your first car will determine what type of car you decide to purchase. That 30 000 ride will be trashed in no time.

Don t get swept away by the excitement of getting your first car. As a general guideline your car payment including the principal interest and insurance should be 10 or less of your gross. One way to get closer to the convertible of your dreams or other higher end car is to take a look at used cars. An older car with low mileage may be hard to find but can be a great deal. Beginning drivers are at highest risk of a crash so help them be safe.

But dave doesn t recommend this. In general brand new cars can cost up to 30 000 while you can get a used car for a few thousand dollars. Buying a 30 000 car for a 16 year old just doesn t make sense. What to research before buying setting a budget. Shop for a lender.

Owning a car can be expensive but if you plan well and learn to save it ll be easier to buy your first car. The budget you set ultimately helps you determine which car you get. Your second option is to let them pay for the car on their own. If they catch you with alcohol they be afraid that you will drink and drive when get a car. Don t get in trouble at school.