Car Buying Tips for Teenagers

July 16, 2008 at 3:26 am Leave a comment

Usually parents give their kids their old cars. Sometimes though they decide to buy them either used or new one. If this is the case here are a few things that you need to know before you start shopping for a vehicle:

1. Since you are a teenager most likely you have no credit history. One workaround is to have some money cash that you can put as a down payment. With 50% of the negotiated price paid in cash i think most banks will be more then happy to borrow you momey.

2. If you are buying an used car make sure it is not older than 5 years ortherwise your lender wil disapprove you. Guaranteed!

3. Take a mechanic with you or a friend who is more familiar with cars than you. It is important to buy a car that not only looks good but runs well also. Repairs these days are costly.

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Entry filed under: Car Insurance Rates for Teenagers. Tags: , , , .

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