Buying A Car As A — Teenager
Teens face significantly higher rates. Adding a teen to a parent's policy is often cheaper than a separate one, but it can still double the premium. 2. Prioritize "Boring" over "Fast"
7 Tips for Parents Buying the Best First Car for Their Teens buying a car as a teenager
Factor in gas, regular oil changes, and maintenance like tires and brakes. Teens face significantly higher rates
Buying your first car is a massive milestone, but it’s easy to get blinded by a shiny exterior and overlook the costs that come after you drive off the lot. Whether you're a teen doing the research or a parent helping out, 1. Set a Budget (Beyond the Sticker Price) Prioritize "Boring" over "Fast" 7 Tips for Parents
Don't just look at the price tag. Experts recommend allotting of your total monthly budget for auto expenses.
Include registration, inspection fees, and license plate acquisition.
While a sports car is tempting, high-horsepower vehicles encourage risky driving and are much more expensive to insure.