Buying a car for your teen is something you may have been thinking of doing for a while. Some parents decide to let their teen work for a car themselves, while others like to buy it for them so they can have a little more control.
If you’ve decided that buying a car for your teen is the right thing to do, then below you’ll find a few things you need to consider so that you can make the right decision. Take a look:
- Does Your Teen Really Need A Top Of The Range Car?
You see lots of teens with a brand new car on the driveway, even wrapped in a pretty bow. This might look good on Instagram, but buying your teen a top of the range car probably isn’t a good idea. They need a car they are going to be able to handle and learn in effectively. It’s a much better idea to look at used cars, as your teen is likely to come up against a few nicks and scrapes along the way. They can’t exactly pout at a used car if it’s your money that’s buying it for them.
It may help you both to sit down together and discuss your expectations beforehand. For example, you could talk about the routes they will be driving most often and then discuss the cars/features that would work best for them.
2. Set Expectations With Your Teen First
It’s a good time to set expectations with your teen, either before car shopping or before giving them the keys. Don’t just let them hop in the car and go out whenever they like. You might consider the following:
- They must have a black box installed to bring down the insurance and monitor their driving
- They have a curfew so they aren’t driving at night
- They can only have one friend in the car at a time
- They are responsible for filling up the tank/paying insurance etc
There are all kinds of rules and boundaries you can consider setting with them before they are allowed to drive the car.
3. Consider The Hidden Costs
You need to make sure you’re well aware of any hidden costs. Buying a car that is going to be economical on gas will be much better for your teen, and the ever popular SUVs many parents are buying aren’t that economical at all. If this is a car they absolutely must have, see if you can negotiate a better feature package to save money.
4. Do Lots Of Research
There are so many resources online that can help you with selecting and buying a car, so take advantage of them. These resources help compare similar types of vehicles and can give price estimates so you know you are going to be able to stick to your budget.
5. Test Drive
You shouldn’t buy a vehicle for your teen without test driving it first. You will be able to see how the vehicle handles and whether it is actually going to suit your teen if you can get them to drive before you buy. This will also give you a chance to see if you will need to invest in things like new tyres.