Parents have a few internal debates to have when their teen hits around the age of 15 or 16. One of these big internal debates is whether or not to buy a teen their first car, and the decision to buy one does not come cheap. A car is a fantastic thing to buy a teen if a parent wants to allow them a little more freedom as they hit these formative years. The below is a guide to buying a teen their first vehicle, including the steps it takes to get to that point and what to do in the following months after purchasing a vehicle.
Making the Decision
The decision to buy a teen their first car has a few factors involved, such as Auto Insurance in Madison WI costs. It requires some delicate juggling and consideration from parents. The main pro to having that extra car is mobility. Unfortunately, many parents make the decision to buy their teen’s first car because not doing so is a problem for them. They are relied on for travel to after-school events, shopping, friend’s houses, etc.
The nuisance aspect is a catalyst for buying a car, but it should not be. The main contributing factor for buying a car should not be annoyance and convenience. It should be mobility for the teen given that they show trust and a willingness to cooperate.
Avoid the mistake of buying a car to avoid mobility problems personally. Use it as an opportunity to acknowledge good past behavior and encourage good future behavior. Buying a teen’s first car is not a rite of passage or an obligation on the part of a parent. It is a bonus and should not be embraced for personal convenience.
Safety and Good First Cars
What are some good first cars? Many parents jump into some sporty car for their teen, but this is a bad idea on multiple levels. It may seem like a dated concept for many, but it rings true. A first car should be a bit mediocre. At the very least, it should be cost-effective. Modestly-priced vehicles (new or used) will go a long way to build trust and start the whole car owning process on a good foot.
Teens 16-19 are four times more likely to crash than adults over 20 (and about eight times more than those over 40). Buying a brand new and high-end car of any kind is a bad idea. It can support aggressive driving, recklessness, and other aspects teens are likened to.
Many parents fall into the habit of buying a car with a lofty payment as well, and this is not necessary. Be wary of stretching the budget to accommodate another vehicle payment. Also, keep in mind the increased Car Insurance costs. There are ways to save, including encouraging safety feature additions, side airbags, and more. Expose all safety features of a potential purchase to the insurance company for a fair quote.
A high monthly bill is not advised. Consider a used vehicle under $8,000 with reliable features, high safety ratings, and a modest price tag. Of course, this is relative to the family budget. But, the main thing to keep in mind is making room for the vehicle in the budget and not impatiently getting something new for the sole purpose of getting a teen the best. Auto Insurance in regards to a teen’s first vehicle may be high, but there are ways to save. Trust in the teen and take a sensible approach to a big new step.
About Cliff Insurance Agency
Cliff Insurance Agency is a cutting edge insurance provider serving the needs of businesses and individuals in Madison, WI. Whether you need business auto insurance, renters insurance, motorcycle insurance, or homeowners insurance, we can provide the right solutions. Since 1956, we have been providing trusted advice and insurance options in personal insurance, business insurance, life insurance, and Progressive insurance. Contact Us Today.