How To Buy Your First Car At 18
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Buying from a dealership.
How to buy your first car at 18. Where to shop for your first car. But dave doesn t recommend this. Let them pay for the car on their own. Regardless of the route you take it s a good idea to visit a dealership to test drive the cars you are interested in. We have recommendations for the best used cars under 20 000 with many.
You have plenty of options when heading out to purchase your first set of wheels. Once you turn 18 you re no longer a minor in the us and are legally able to take on debts such as financing a car. First it may seem tempting to just go out and buy a car for your teenager especially if you have the money. In cash and with financing. Buying a used car from another private party.
Do a combination of both. But for many buying a first car can be even worse. Let s go through each option. Set your car buying budget. You can purchase a car when you re 16 or 17 but you have to be 18 in order to apply for an auto loan and finance a vehicle.
Leasing is also an option but that s not really. 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. Qualifications for a car loan. Buy a car for them.
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