Getting Yourself on the Road 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, it does not mean that now you can face all the challenges of life including meeting various expenses and responsibilities, but you deserve more freedom and independence. One likely thing that would make you gain some level of freedom and independence is driving. 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.
Purchasing a car – You need to acquire a car to drive. 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 need a simple car which would not frustrate you with high maintenance cost like the sophisticated vehicles. 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 prefer to have a fancy car, then you will need a lot of money which you may have to borrow. 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. You only need to cater for car fuel and insurance which could be manageable expenses. As you enjoy this benefit, ensure that you save adequately 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.