After completing the requirements of a learner’s permit and passing the mandatory road test, teenagers officially have their driver’s license.  Of course, at this point a teen must find the perfect car.  Most teens actually begin looking for that special car from ages 16-18.  Sometimes teens are given their first cars for their birthday or graduation.

Most teenagers don’t even realize how much a car actually costs.  Purchasing a vehicle is one of the biggest investments that a person makes.  It is important to spend wisely and budget.  Some parents require that their teens pay a portion of the monthly car payments.  This is a good way for teenagers to become more responsible.

Typically teens will spend $15,000 to $20,000 on their first purchase.  They want their vehicles to be equipped with all the bells and whistles.  This includes TV screens, DVD players, and stereo systems.  They want the car to be “cool”.  However, teen buyers need to take into account the price of gas, maintenance, insurance, and new car warranties.

Research is important when buying your teen’s first car.  Safety and reliability should be key issues to consider.  However, whatever you end up purchasing, make sure it is covered by an auto warranty.  You want your teenager protected in the event of a breakdown.