How Old Can You Be To Buy Your First Car

Never buy a car on your first trip to the dealership.

How old can you be to buy your first car. This is when you owe more on a car than it is worth. Don t let the complexities of buying a car discourage you from getting your license. You may be able to make more money by selling the car directly. 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. At what age can you purchase a car.

Set your car buying budget. 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. We have recommendations for the best used cars under 20 000 with many. For a first car it s always a good idea to get a car that isn t massively powerful. 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.

Buy a car for them. The process is slightly different if you choose to buy a used 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. But for many buying a first car can be even worse.

Choose a car that is in the lower insurance groups. However there are some kids that are on the verge of being an adult either by choice or by circumstances and who want and are in a position to buy their own set of wheels. Statistically you will pay more for your car if you do. Do not become upside down on your car loan. 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.

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. An older car with low mileage may be hard to find but can be a great deal. Let them pay for the car on their own. But dave doesn t recommend this. One way to get closer to the convertible of your dreams or other higher end car is to take a look at used cars.