Our southeast Missouri car accident attorneys understand that parents want to do everything in their power to keep their children safe on our roadways. For years, car accidents have been the leading cause of death for teenagers. Choosing a vehicle can be a difficult process: where does a parent start? Parents often have several questions about what kind of car is appropriate for a newly licensed driver: Should you buy new or used? What kind of vehicle is best? Which vehicle will keep them the safest? Below, we offer some information to help answer those questions.
Should I buy a new or used vehicle for my teen driver?
For most parents, finances have to factor into this decision. It's true that spending the extra money on a new vehicle can have its advantages. "Buying a new car is insurance against breakdowns and repairs, regardless of the age or experience of the driver," says Bob Gritzinger, executive editor of AutoWeek.com.
However, you can also purchase an economical, safe used vehicle for your teen, provided you do your homework. If you get a certified pre-owned car, then you will still get the advantages of a new-car like warranty. Going certified pre-owned can also help you to score some excellent financing rates. In a late-model used car, your child will still have the benefits of airbags, anti-lock brakes and electronic stability control, according to Forbes.
What's more, just because your teen would prefer a new car doesn't make the purchase sensible. "A first time driver doesn't need a new car, but of course they want one," says Lori Mackey, president of Prosperity4Kids. "The depreciation, probability of fender benders and the price tag [means new] is not the most logical way to go."