Sunday, February 13, 2022

Tips for Buying a Teen Their First Car

 



Whether you want to do something nice for your son or daughter as a reward for passing their driving test, passing their exams and getting into university, or for their seventeenth or eighteenth birthday gift, a car is always going to be a gift that will never be forgotten. Buying your teenager their first car is an exciting experience for both you and them, whether you’re planning to surprise them with it or going together to pick out and test drive cars that they like. But buying a car for a teenager who is new to driving is probably going to be very different from buying a car for yourself, so here are some key things to keep in mind.

New or Used?

A used car definitely makes the most financial sense for a teen’s first set of wheels. New cars might be flashier with all the latest features, but the depreciation in value simply isn’t worth it, especially as this is likely to be a car that they might want to upgrade in just a few years. Check out these used cars Merseyside for a selection of great car options that might be suitable for your teen.

Safety Rating

While buying your teen their first car is exciting, it can also be very nerve-wracking for you as a parent. After all, your child is growing up and becoming more independent, but you will also want to make sure that they are as safe as possible. It’s a good idea to check safety ratings for different cars that are suitable for young drivers to discover the safest option. Look for additional safety features wherever you can.

Insurance Cost

If you’re planning to cover the entire cost of your teen’s first car such as the insurance cost, tax, and anything else, then it’s important to make sure that you’re not hit with an insurance bill that floors you once you’ve bought the car. As you might already know, insurance for new drivers is at its highest, so it’s worth comparing insurance quotes on different cars to find the cheapest option. Black box insurance is also worth considering to drive the cost down and is ideal for teens as there are often incentives for safe driving.

Tax Cost

The vehicle tax is another key factor to consider when purchasing a car for your teen. Whether you’re covering this cost yourself or your teen is going to pay for it, it’s important to understand what determines it. In general, the higher the CO2 emissions, the more the tax. Some cars with very low emissions are quite cheap to tax, with some as low as £20 per year. You can calculate vehicle tax rates on the Gov.uk website to get a better idea of how much vehicle excise duty you will need to pay before you commit to buying a car.

Getting your teen their first car is an exciting experience, but a first car can become very expensive. Along with wanting it to be as safe as possible, choosing the right car also means considering the insurance and tax costs. 

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