Affordability
A new car may be the most desirable option, but
it also may exceed your budget. In many cases,
the solution is to purchase a previously owned
model. Work with your teen to determine the
best investment.
- Research insurance costs. Coverage for a
young person can be expensive, but teens may
qualify for discounts by completing a driver-training
program or providing proof of good grades.
- Don’t pay too much. Do your homework
and investigate the market. AAA clubs also can
provide pre-owned vehicle pricing information
by year, make and model.
- Think twice about older vehicles. Though
relatively inexpensive to purchase, they can cost
more to maintain in the long run and often get
poor gas mileage. They also might not feature
important safety systems.
- Consider a certified used car. Many auto
manufacturers have certification programs that
offer low-mileage vehicles that previously were
leased or had only one owner. This option typically
is more expensive but could pay off in the long run
with increased safety, reliability and resale value.
- Don’t forget gas mileage: Along with the
vehicle purchase price, consider the cost of gasoline.
Vehicles that get good mileage are easier
on the wallet — and the environment. See the Gas Watcher’s Guide, a AAA
brochure that provides tips and other information
for maximizing miles per gallon.
Next: Reliability » |
