Remember Your First Car? Tips For Teens Buying First One

Remember your first car growing up? I remember mine. It was a green 1972 Ford Maverick that I bought for $350. Had a huge dent in the right front fender, but I didn't care. That was followed by a gas guzzling 1977 Grand Prix. 400 4 barrel. Great memories of course. I wish I had them now. I have bought many cars since then with some big car payments. And every time I do I remember my Italian mother telling me don't work for your car, let it work for you. Great advice for sure to pass to your kids

Well if you have kids that are going to be buying their first car we have a lot to teach them and here some tips from driversed.com.

Start by figuring out a price range you can afford. By deciding on a realistic budget, your goal will seem much more attainable. Consider how much you have in savings, how much you earn or can pay a month and ways you can cut expenses to put the money towards a vehicle.

 

If you can pay cash and buy it out right, do it. You should also do your homework and check Kelly Blue book to make sure that you aren't overpaying.

You'll also need to decide if you want a new car or a used one, and make sure you take it for a test drive. Make sure if it's used to look for an accident history report.

What was your first car?  Also share your what your dream car is.