How Old Can You Be To Buy Your First Car

After reviewing this handy guide you may discover that owning a car is within your reach after all.

How old can you be to buy your first car. Some kids these days are more than happy to drive mom and dad s suv whenever they need to go and meet their friends at the mall. Or your second car or third car or millionth car. Do not become upside down on your car loan. Although a sporty two litre golf might sound great the insurance for such a car when you ve recently passed your test or are under 25 is going to be pretty steep. 25 things you ll probably want to buy for your first car.

For higher mileage vehicles with more than 150 000 miles on the odometer we might recommend trying to find a newer model year than the late 1990s. It s enough to make some teens wait to become a licensed driver. This is when you owe more on a car than it is worth. But for many buying a first car can be even worse. You can save a lot of money by buying a two or thee year old car.

Buying a used car or giving a child a hand me down is the natural choice especially if college costs may be on the horizon. Don t let the complexities of buying a car discourage you from getting your license. You will need to be slightly more flexible about the car you ultimately buy but you will also have greater pricing flexibility. One way to get closer to the convertible of your dreams or other higher end car is to take a look at used cars. Never buy a car on your first trip to the dealership.

We wouldn t go too far beyond the mid to late 1990s for any car as parts can be harder to find once a car crests 20 years of age. Buy a car for them. Choose a car that is in the lower insurance groups. 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. A trash can that ll make bottles and wrappers on the floor of your car a thing of.

This is an option if you are shopping for your second car. Set your car buying budget. Sell your car yourself instead of trading it in. At what age can you purchase a car. Let them pay for the car on their own.