| One thing I have to admit. Here in the US we are | | | | when it comes to insuring it you can buy only one |
| spoiled. We have access to the latest cars and | | | | way coverage instead of buying full coverage (it |
| buying them is relatively easy. As long as you | | | | is required by the lender financing the vehicle). |
| have a steady job you can drive almost any car | | | | Used cars are also great for your teenager son |
| that is on the market. The question is - is it worth | | | | or daughter. You will have to pay more to have |
| it? It depends. There is no one right answer. | | | | them covered just because they are |
| There are many factors that you have to take | | | | inexperienced but you can save some green just |
| into consideration when deciding on new or used | | | | by giving them your old vehicle. Word of caution |
| car to buy. One of them is the cost to insure the | | | | here - older cars, especially the ones |
| vehicle. | | | | manufactured more than 10 years ago lack |
| The premium that you have to pay depends on | | | | features that today are the standard. These |
| many factors. The age of the car (the newer the | | | | things matter when it comes to the safety of |
| vehicle the more you have to spend to cover it), | | | | your own kid. |
| the safety features that it comes with, the age | | | | When buying a new car keep in mind that you will |
| of the driver and his/her driving record. | | | | have to cover a lot of things that you won't be |
| Let's start with the age of the car. Used cars are | | | | required if you had a used one, especially if you |
| great. One of the reasons is the price. They are | | | | are borrowing money to purchase it. Some people |
| cheaper than the new ones. It means that you | | | | are ok with that but for some it would not worth |
| might be able to buy it vs. financing it. This way | | | | it if they new in advance. |