Car purchase issues and tips for teens

Sep 1 2010 Teenagers are always in a tearing hurry and wish to experience everything that an adult experiences in the shortest possible times. Males especially cannot wait to get behind the wheels of a car and it is only when they actually go out to buy one, do they realise what they have taken on themselves.
To start with, the sticker price of a new car is not something all can afford and when you add up the maintenance, fuel expenses as well as insurance, it does add up to a package. That means they have to go for a car finance arrangement and here again, not many have the capacity to put in the minimum twenty per cent required as down payment for the car loan that should not be exceeding 48 months.
The only other choice is to go for a pre-owned car and here as long as they verify the antecedents of the vehicle through the VIN, they could end up owning a lemon. It is also necessary to take along a trusted mechanic who would be able to ascertain the worthiness of the car in question.

More from Financial and Loan News

---

---

---

---

---

---

---

---

---

---

---