If you are in the process of looking for your very first vehicle, it can be rather exciting, to say the least. However, when we are young, we do not typically have a lot of money to spare. And guess what? Vehicles cost money! So, you need to carefully think about how you are going to go about acquiring your new vehicle.
To give you a helping hand, we are going to walk you through some of the different options that are available so you can get a better understanding and make the right decision for you. We will explain what to consider while looking for a new vehicle, as well as some advice on taking out insurance for your car as well, so that all areas are covered.
Consider Purchasing a Used Vehicle
There is only one place to begin, and this is with the used car market. There is no denying that vehicles are expensive. Consequently, you need to make sure that you factor in the possibility of a used car.
Used vehicles represent great value for money. In fact, you will find that the vast majority of car owners purchase used cars because they are so much cheaper. However, do make sure you carry out all of the required checks and purchase from someone trusted like Portsmouth Ford before you hand over any cash.
Ask Your Parents to Transfer One of Their Vehicles to You
Can I transfer my car to my son or daughter? This is a question a lot of parents ask because they want to know whether or not they are going to be able to transfer one of their vehicles to their children. The good news is that you can!
If your family has more than one vehicle, you may want to sit down with your parents and ask them whether or not they would be happy to transfer the car to you in order to help you get started on your driving journey. Of course, this is not an option for everyone, but it is certainly worth considering.
Look Into Vehicle Finance Options
Last but not least, if you need to buy your first car and you really cannot afford it, there are plenty of different vehicle finance options to consider. You could take out a loan, for example. You may decide to go down the hire-to-purchase route.
No matter what option you go for, make sure you thoroughly understand the terms and conditions of the agreement and that you can comfortably afford it. The last thing you want is for your car to be taken off you because you have not been able to keep up with the repayments.
Taking Out Car Insurance for Your First Car – What Factors Are at Play?
All drivers need to have car insurance. This is not a luxury; it is a necessity. However, once you start searching for car insurance online, you may be wondering why your insurance is higher than you expected or why your partner’s insurance costs more than yours. This is because there are many factors that can influence your car insurance quote, and we will look at four of them below.
The Make and Model of Car You Purchase
There is only one place to begin, and this is with the make and model of your vehicle. Some cars are more expensive to insure than others. This leads to many questions. Are old cars expensive to insure? Does it cost a lot to insure a Land Rover? Can I get a sportscar and still have cheap insurance?
The best thing to do is do some research online to find out the average price for the vehicle you are considering purchasing. You can then try different makes and models until you find a car that is affordable. Of course, this only applies if you are yet to purchase your vehicle. You certainly cannot lie about the car you drive!
Whether You Choose a Yearly or Monthly Plan
Next, whether you opt to make monthly or yearly payments also make a difference. You can secure considerable discounts by opting to pay for your vehicle insurance annually, rather than paying for it per month.
How Long You Have Been Driving
If you have only just learned how to drive, your car insurance rates will be higher, unfortunately. This is because you do not have a lot of driving experience, and so insurance companies feel that you are a bigger risk.
As you get older, you should notice that you are offered better insurance quotes as a result. Of course, this is based on your driving history. If you are involved in a lot of crashes or you receive points on your license, your insurance quote may end up getting higher.
Whether You Have Made Claims in the Past
Insurance companies like people who do not make a lot of claims. After all, it costs them money. At the same time, if you are in a crash, you may need to claim. Isn’t this what taking out insurance is all about in the first place?
It may seem confusing, yet there is an option available, and this is to protect your no claims bonus. This will cost a small amount of money but it is advisable because it can end up saving you hundreds of dollars on insurance in the future, so do keep this in mind when you are searching for an insurance plan.
Final Words on Getting Your First Car When You Are Young
As you can see, there are a number of different options that are available to you when it comes to getting your first car while you are young. We hope that the three solutions that we have presented will help to give you some clarity so that you can find the vehicle that is right for your specific needs. There are plenty of cars on the market today, so narrowing down your search effectively is critical.
