How To Buy Your First Car At 18
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Buying a used car from another private party.
How to buy your first car at 18. Don t let the complexities of buying a car discourage you from getting your license. Leasing is also an option but that s not really. Buying from a dealership. Set your car buying budget. But for many buying a first car can be even worse.
After reviewing this handy guide you may discover that owning a car is within your reach after all. You can purchase a car when you re 16 or 17 but you have to be 18 in order to apply for an auto loan and finance a vehicle. Do a combination of both. Let them pay for the car on their own. Once you turn 18 you re no longer a minor in the us and are legally able to take on debts such as financing a car.
It s enough to make some teens wait to become a licensed driver. Regardless of the route you take it s a good idea to visit a dealership to test drive the cars you are interested in. Buy a car for them. We have recommendations for the best used cars under 20 000 with many. Buying a used car or giving a child a hand me down is the natural choice especially if college costs may be on the horizon.
In cash and with financing. But dave doesn t recommend this. Where to shop for your first car. First it may seem tempting to just go out and buy a car for your teenager especially if you have the money. It doesn t take a rocket scientist to know that there are essentially two ways to buy a car.
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