Picking The Right First Vehicle For You

picking the right first vehicleIf you’re right now exploring how to pick the right first vehicle, you’ll appreciate this helpful guide!

Learning to drive is exciting, as you’re getting closer and closer to owning a car of your own, but choosing that car can be quite difficult.

There are many factors that go into choosing that you’re going to drive, and it will depend on your own situation and preferences.

For most people, the first car is something safe and cheap, but that’s not the case for everyone as not everyone learns to drive when they’re young.

As you might know, I’m the author of the bestselling book Happy Habits. Inside my book I share a range of habits which boost happiness. And in my research, I learned that being organized and planning ahead for the future are habits which predict greater happiness. With this in mind, here are some insights to help you prepare so you can pick the right first vehicle for you.

Picking The Right First Vehicle For You

There’s only really a need to learn to drive when there’s a cause for it, and until you need your own mode of transportation, learning to drive might not be useful to you.

Buying a new vehicle

While buying a car new might sound desirable, there’s a lot of reasons for and against it. If you’re going for something cheap, a new car might not be your best option. It’s unlikely that you’re going to be getting value for your money, and you’re better off looking for cheaper options. With that said, there are still a lot of benefits to owning a new car, as it’s going to be completely yours, without any sign of previous owners. Not only that, but you get to choose a lot of the preferences, like color and features that come with it.

New cars also won’t have a lot of the problems that old cars have, and you won’t have to worry about any hidden damages, or the car not lasting long after you got it. It’s a good choice for people who are looking for something to own for a while and have the means to pay for it.

Buying a used vehicle

When it comes to getting your first car, many people often go for a used car, as it’s going to be cheaper, and it’s not something that you’re aiming to keep for a while. It’s your first taste of driving, and the car is going to experience some wear until you’re used to driving it properly. Unless you’re used to driving often, you don’t want something that’s going to cost you a lot, simply because it’s at a higher risk of becoming damaged.

If you’re short on finances, there are many used cars you can find out there that cost a lot cheaper than what a newer model would cost. Whether you get it from a dealership or the previous owner who is just looking to be rid of it. There are a wide variety of sites and dealerships where you could find the right car for you, and they can help you find the right price for the right car.

Payment methods to buy a vehicle

Cars aren’t the cheapest investment you can make, and for some people, it can be pretty difficult to reach the amount they need to buy a car. Luckily, there are many ways you can make it easier to afford the car you need, but there is a catch either way. You’re not likely going to be able to get money for free, and you’ll have to resort to other options that can either make it cheaper to afford the car at the moment or borrow some money for you to pay it back later on.

If the car is too expensive for you to buy at the moment, some dealerships will allow you to purchase it via financing. Financing is like borrowing the car, while you pay for it in smaller installments over time. Of course, the catch is that you’re eventually going to be paying more than the car is worth, and the car is going to decrease in value while you own it.

If you’re not interested in financing a car, or that’s not an option for the car that you’re interested in, it is possible to take out a loan for the sole purpose of buying a car. There are plenty of lenders who have car loans available, meaning it can be much easier for you to reach the amount of money you need for the car much sooner.

Insurances for vehicles

Car insurance is something that can vary a lot in price, and it’s based on many different factors. The cost of the insurance that you’re going to be paying for your vehicle is going to depend on what you want to drive, how you drive it, how old the vehicle is, and how long you’ve been driving. Your insurance may rise if you’ve been in an accident, too. 

Firstly, the reason what you drive can change the cost of the insurance, is because your insurance has to pay out the money for the damages that your car will face in the event of an accident. The more expensive the car you drive, the more it’s going to cost them to replace the parts. If you’re investing a lot into your car, your insurance is going to rise with it, so you should consider that when you’re choosing your first car. It’s not just the price of the car that rises, but the cost of driving it.

The insurance may also increase if the car can reach higher speeds, as that makes it a bigger risk for the car insurer. If your car is going to be at a higher risk for the insurance company, it means that they’re more likely going to have to pay out on an insurance claim in the future, and that causes them to charge more for insurance.

A third factor that will increase insurance, is how you drive it once you’re on the road. If you’ve found yourself liable to cause accidents, you’re a higher risk for the insurance company to insure. Your insurance will go up if you’ve been in an accident or damaged your car in some way. Cautious and careful drivers will tend to have to pay less per year, as insurance companies see them as lower risk.

Depending on where you live, your car insurance may fall in price drastically if the car is classed as a classic car. Insurers tend to view classic car owners as careful drivers, and therefore less of a risk on their end.

If you plan to drive a motorcycle, the insurance you get will differ from if you want to drive a car. You’re going to need motorcycle insurance, and you’ll find that it tends to be more expensive. While general motorcycles are cheaper than cars, the cost is in the insurance. You’re much more vulnerable in the event of an accident, which means that insurance companies may have to pay out a lot more if there was ever a case involving you.

When you own a motorcycle, there’s a lot more to consider when it comes to insurance. A lot of insurance policies will only cover you alone, and won’t always include a passenger. As motorcycles tend to be thought of as one-person vehicles, you may have to get additional insurance if you frequently have passengers on your motorcycle. 

Cost of driving a vehicle

The cost of owning the car, as well as the cost of insurance, aren’t the only things you should be thinking about when buying the car. You’re still going to be frequently paying out when you’re on the road. Every vehicle has its own efficiency when it comes to fuel, and that means you’re either going to be paying more or less when filling up the car every now and then. Cars will more miles to the gallon are going to be much cheaper to drive around, and therefore a preferable option if you’re commuting often, or want to use it for traveling. If you invest in a car that has a low mile-to-gallon ratio, then you’re going to be paying frequently to have it refueled.

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