Teens and car shopping

Teens and Car Shopping

Choosing and buying a car can be a very good experience for teens. It teaches the need to budget, not only for the cost of the car, but for insurance and maintenance as well. It also teaches what needs to be done in order to take out a loan and repay it. And, of course, it is a lesson in how to choose which car to buy. Of course, it is never wise to jump into a purchase without some guidelines to follow. Any teen will want to follow these steps before buying a car:

Decide how much can be spent, including a loan

Browse several automobile dealers

Collect price information

Consider the optional equipment

Choose a car model and take it for a test drive

Ask a mechanic to check out the car

Investigate warranties, and

Negotiate

For more information, contact the National Foundation for Consumer Credit, or visit their web site at www.nfcc.org.

Resource: Jump$tart Update, Summer 1998, vol. 2, issue 3: "Choosing a Car" p. 7


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