3 Factors To Consider When Buying Your Teen Their First Vehicle
Posted on: 5 February 2019
If your teen has recently gotten their driver's license, you may be considering purchasing them their own vehicle to drive. Buying a vehicle for your new teen driver can be emotionally and financially overwhelming if you are not prepared. Thankfully, help is available. This guide will help you focus on a few important factors to consider when buying your teen their first vehicle.
New Versus Used
Most teens dream of being gifted a new vehicle. However, that usually is not financially feasible for most parents. You may think only newer vehicles are safer and more reliable for your new driver, but that is not actually true. A used vehicle can be a wise investment.
Remember that new vehicles being depreciating as soon as they are purchased and driven off the lot. Used vehicles, on the other hand, have already experienced their depreciation stage.
Insuring a new teen driver is expensive enough, so insuring a new driver who is driving a more expensive new vehicle can be incredibly costly. To save money on the higher insurance premiums for your new driver, consider a used vehicle.
Vehicle Model
Once you decide whether a new or used vehicle is right for your teen, you can begin choosing the right make and model. Most parents are surprised by their options, which may include sport's coupes, small, medium, and larger-sized sedans, sport utility vehicles in various sizes, and of course vans or trucks.
You can involve your teen in the deciding process, since your teen may struggle handling or not feel as comfortable in certain makes and models as others. Allow your teen to drive a few cars, SUVs, and trucks so they can determine which options are right for their needs.
Safety Features
No matter if you are purchasing a new or used car, truck, or SUV, make sure the vehicle has a good amount of safety features. Certain features will not only help your teen drive the vehicle more safely, but these features can also help lower insurance premiums, which can cut the costs of insuring your new driver.
Blind-spot monitoring, rear backup camera, and forward-collision alert may be considered new technology, but these features are available as standard options in many new and used vehicles.
Other safety features that should be considered essential for your new driver include anti-lock brakes, comprehensive airbag protection, stability and traction control, and even roadside assistance.
Your teen can enjoy driving a new or used vehicle without sacrificing your household finances or safety concerns. This guide will help you select the right vehicle for your new teen driver. Contact a pre owned car dealer for more help.
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