Buying a car for your teen is a tremendous idea. It's also often considered a true balancing act in terms of budget when it comes to auto financing. However, you have to be sure you get the best and safest car that is within your budget for your teenager as their preference is not the paramount thing at this stage.
There are several arrays of used and new cars on the market and as a result of this, you might be spoiled for choices on which to go for an you find it a little bit tasking to know where to begin. Never mind, we will break it down on how you can make the right choice of car as far as buying a car for your teenager is concerned.
Consider Safety First
Above all, make sure the priority is safety and there are a lot of new and reliable model with the best safety features you can ever think of. Go for a car that is appropriate for an inexperienced driver to ensure that they are safe behind the wheels.
According to Insurance Institute for Highway Safety and Consumer Reports, the following are recommended:
· Do not go for high powered cars, that have the tendency to make the driver unable to resist the urge to speed. Examples of this type of car is a sports car.
· Go for a larger, heavier car that perform better in crash tests. Large vehicles can be difficult to handle and if the car can accommodate plenty passengers, then that is a potential that your teenager might be distracted behind the wheel when he is accompanied by friends.
· Electronic Stability Control (ESC), this is a safety feature that can help the driver still be in control while driving on slippery and curvy
· Buy a car with the best safest crash test ratings on roads. This means the car should have at least a good rating for side and head resistant tests, moderate overlap front, and at least a four stars rating by the National Highway Traffic Safety Administration.
Making the Right Choice of Car for your Teenager
There are a couple of helpful tips for parents who may want to buy a car for their teens. If you wish to buy a new car for your teen, look through the 2018 models recommended by consumer reports. For used cars, check out the Insurance Institute for Highway Safety listings of the best and good car choices. All recommendations by IIHS start under $20,000 and other good choices can be gotten for less than $10,000.
Some of the top cars you can buy for your kids include the 2014 Nissan Altima, 2015 Nissan Altima, 2014 Toyota Camry, 2014 Kia Optima, 2015 Chevrolet Equinox, 2015 Ford Fusion, 2014 Honda Accord, 2015 Chevrolet Malibu, and 2016 Ford Fusion among others.
Financing the Purchase of a Car for your Teenager
With the right lender, you can easily get car financing for your teenager. You can consider options such as banks, dealerships, and credit unions to get an auto finance for your teenager.
In conclusion, the most important thing you should put into consideration as a parent when you want to buy a car for your teenager is safety and reliability. With the right research, you can get a good car for your teen. Read more about buying a car from https://www.nerdwallet.com/blog/loans/how-to-buy-a-car/.