I have two older sisters and an older brother. My sisters are MeeMee who is 19 and Lea who is 16. Leah is 17 this year which means she will be able to start driving. MeeMee hasn’t passed her test yet because she focused on her A Levels then went to Uni.
My cousin who was 20 in January has passed his test and is already on his second car – he didn’t really like his first one, so bought himself another one as soon as he could. He is lucky in that he works as well as goes to college so he could save up for his cars. MeeMee is in Bristol, and doesn’t need a car at the moment, she will have lessons and pass her test when she leaves next year. Mummy felt it was more important for her to concentrate on her studying and exams.
Lea would love to have lessons as soon as she is 17 and pass her test as soon as she can. Her birthday is in December, which gives her more time than MeeMee, whose birthday is in July. Academically it gives her almost another year.
Over to Mummy…
Buying a car is such a huge decision and investment, at a very expensive time. Learning to drive having driving lessons costs a lot, and insurance for a new driver can literally be hundreds and hundreds of pounds. Finding a couple of thousand pounds – or more – to buy a first car can be impossible to do, especially if you are a single parent.
It is such an exciting time for your child, but a worrying one as a parent! Funding all this expense can be a real headache, especially if your child is still in education and not working. Even if your child is 18 and working, getting a loan for a car can be very difficult as they will have no (or very limited) credit history.
One option to fund buying a first car is to get a loan if you don’t have the cash for a car. Even this can be tricky if you have had any difficulties with credit in the past. Thank goodness there are companies who can help you, even if you have got into a sticky situation with credit before. One such company is UK Credit who offer loans with a guarantor, no up front fees, and explain everything clearly and simply. Getting a loan for a car means that you can go to the dealer / seller with the cash giving you some bartering power and you will own the car outright.
Other tips when buying a first car are:
- I would recommend going to a dealer and pushing for a warranty, but check what is covered and what is not.
- A private sale can give you more car for your money, if you know a mechanic or someone who is knowledgeable about cars to take with you!
- An MOT covers basic road worthiness, it does not mean there are no major faults with the car.
- Always test drive a car, for more great tips and lots of information search on line.
Have you had to buy a car for your teen yet? Do you have any tips to share?