Buying Your Teen’s First Car

Posted: Wednesday, March 2nd, 2016

Buying your teen’s first car can seem intimidating, but we can help. At Green Light Auto Credit, we work with drivers of all backgrounds to find a financing plan that works for their needs and budgets. If you’re on a tight budget or have a bad credit history but are still looking for a car for your new teen driver, our online finance application is the first step to putting your son or daughter behind the wheel.


Things to Consider When Buying Your Teen’s First Car

In an ideal world, buying a first car for your son or daughter would be as easy as finding the one they want, signing the paperwork, and handing them the keys to meet you back at home. It’s rarely that easy, though. Whether buying new or used, there are a few things to consider:

  • Conditions: Driving is a huge responsibility, and it can be a good idea to have conditions on driving for even the most responsible teen. Just the threat of having the keys taken away from a ticket or fender bender can make a teen drive more carefully. Talk these over with your teen before shopping.
  • Shopping: Know your budget and then tell your teen that it’s 10-15% less to account for fees, and to give you a bit of wiggle room in case you stumble on the perfect car that’s just a bit too expensive.
  • Find a Good Deal: When buying new, shop around the bigger holidays for good sales. Buying used means doing your research on dependability and watching out for lemons.
  • Find Quality Financing: Sometimes the dealership will offer financing, but it might not always be the best option. Know that you have other choices when paying for a new or used car and don’t be afraid to shop around.

It’s important to consider your teen’s car insurance before buying them a particular car. The bigger the city and the nicer or more expensive the car, the more your teen’s car insurance is going to be. Whether you or your teen foots the bill for the insurance, it’s smart to think about the different insurance costs of a small sedan compared to a convertible or muscle car.
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Let Green Light Auto Credit Help

Green Light Auto Credit is here to help drivers of all ages and budgets to finance their next car. We work with drivers with:

  • Good Credit
  • Bad Credit
  • No Credit
  • Past Bankruptcy

And we have just a few short and simple forms for you to fill out to get financed. With a loan from Green Light Auto Credit, you can go straight to the dealership knowing how much you can spend.

Contact Us for More

Do you have any questions about buying your teen’s first car and your auto financing options? Contact us online or by phone at (800) 200-5551, and we’ll be happy to help.

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