What You Should Know About Driving After College
A significant part of your life is spent in school as you pursue academic excellence and by the time you finish your studies, you are a grown up. As much as you are a grown up and you have been prepared to face challenges all that while, you need to pick up the pace gradually by starting to get some freedom and independence. You might have several things on your mind, but you will have to think about getting a car to facilitate your movement which is important. A vehicle enhances your mobility so that you can have fun moving around to visit any of your friends wherever they are, and you will not have to wait for public transport which might end up causing disappointment and discomfort. The challenge that you would face in purchasing your first car would be money because you may lack a stable source of income. This would be easy if you have a part time job to raise part of the money or if your parents are willing to assist you in financing the purchase. Before you get on the road, here are some considerations that you have to make.
Acquiring a car – You need to own a car to drive around. Purchasing a new car would be costly, and perhaps you may not have the money that is required so, you will have to think about purchasing used cars which are quite affordable. You do not need a sophisticated car or probably a fuel guzzler because car maintenance would be expensive. Get a car that uses little energy to move long distances thus economical to you. An expensive car would call for more commitment with regards to the cost of purchase and maintenance, and you will probably need financing to buy it. The source of financing that you choose must be favorable so that you do not struggle to pay the monthly installments. Alternatively, another source of friendly financing would be your parents and relatives who may not put lots of pressure on you to make the payments although you must pay them.
Share a family member’s car – Your family might own more than one vehicle, and if your parents are comfortable with your idea of driving, you can request them to use one the cars. This option would be suitable for you when you cannot access any financing your family can allow you to drive one of the cars. You do not have to worry about the cost of purchasing a car because you have a ready one to move around and perfect your drive skills. All you have to do is cater for fuel and insurance expense which is quite manageable. However, as you enjoy this privilege, you should be saving to purchase your car.
Insurance policy – An insurance cover is crucial when you are driving, and sometimes, you may not afford to pay the premiums. Therefore, it is advantageous to be added to your parents’ policy.