Good Choice! Everything Your Daughter or Son Needs to Know About Car Ownership
If you’re a parent, there’s a good chance that at some point in the future you will have to buy your son or daughter their first car. The process can be daunting for anyone, but it’s especially challenging if this is your first time buying a car on your own. To make the process easier for everyone involved, Consumer Portfolio Services created this informational article to help parents navigate everything from researching used cars to getting financing set up and more!
The first thing we recommend doing is figuring out how much you’re willing to spend on a car. Of course, money isn’t the most important thing in the world and your child will need to be responsible for their actions regardless of what kind of vehicle they drive. However, it’s not fair (or safe) for them to expect you to buy them an expensive luxury model when you know they’ll end up crashing it or losing interest after six months!
That’s why we think buying a used sedan like this 2005 Toyota Camry would make such a great choice right now. While its’ not flashy by any means – and definitely won’t impress other teenagers at school – it gets excellent gas mileage and has plenty of room inside both front and back seats so that your child can easily fit friends and/or siblings with them.
Another great benefit of buying this Camry is that it has a very affordable asking price which makes leasing or even owning it for many years an easy choice to make! We recommend not spending any more than $8000 on the car, but if your budget is bigger – say $12000-$15000 – you might be able to find better models like this one from 2011-2014 Toyota Corolla ! You won’t get quite as much room inside, but you will still have plenty of power under the hood thanks to a dependable four cylinder engine that gets up to 28 MPG on average.