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One of the first discussions to have when considering a first car is determining who will cover the costs. While parents often contribute significantly, even footing the bill entirely, this doesn't necessarily mean they should also take on ongoing ownership expenses. Encouraging young drivers to share in these costs, such as gas, insurance, and maintenance, teaches them early financial responsibility. If your teenager has saved enough money to contribute towards the purchase, it's wise to consider splitting the ownership expenses, such as alternating costs for routine maintenance or even major repairs.
Motorvero
November 09, 2024
Deciding when to sell your car can be a tricky judgment call. Sell too early and you could miss out on months or years of reliable use. Wait too long and issues like depreciation, mounting repair bills, and poor suitability for your current needs can cost you. So how do you know when it's the right time to let go?
Motorvero
November 14, 2024