How To Buy Your First Car At 18
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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.
How to buy your first car at 18. It doesn t take a rocket scientist to know that there are essentially two ways to buy a car. First it may seem tempting to just go out and buy a car for your teenager especially if you have the money. Buy a car for them. Leasing is also an option but that s not really. Regardless of the route you take it s a good idea to visit a dealership to test drive the cars you are interested in.
Don t let the complexities of buying a car discourage you from getting your license. But for many buying a first car can be even worse. It s enough to make some teens wait to become a licensed driver. Set your car buying budget. 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.
Buying a used car from another private party. 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. Buying from a dealership. Do a combination of both.
Qualifications for a car loan. Where to shop for your first car. Let s go through each option. In cash and with financing. But dave doesn t recommend this.
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