Getting Yourself on the Road after College
You may have just completed your college education, and that means that you are now a grown up and ready for life. 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. Getting a car to drive over this period is one of the ways that you can enhance your freedom. 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. However, if you happen to have a part time job or your parents are willing to support you, you can have a car without much struggle. Here are some considerations that you need to make before you get on the road.
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. A simple car with an adequate capacity will do, and it should use as little fuel as possible to cover long distances thus economical. However, if you need an expensive and elegant vehicle, you can decide to source for financing. The best financing option should allow you to make favorable amounts of monthly payments so that you do not strain in paying the money. Parents and relatives can also provide financing, and they would do it with relaxed terms.
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. With this option, you can forget about purchasing a car for the moment, and you will enjoy the drive as you get the chance to improve your driving 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 cover – Having an insurance policy is important when you get on the road, but you may not afford to pay the premiums. Therefore, it is advantageous to be added to your parents’ policy.