When it comes time to get your teenager their first car, it can be an exciting experience for them, but it’s also one of the most stressful parts of being the parent of a teenager in California. One of the biggest questions many parents face when looking for a first car for their teenager is whether they’re going to buy them a new car with all the bells and whistles or buy it used.
That’s because teenagers often want something new and trendy. However, that can mean a hefty price for you. And the last thing you want to have happen is for them to drive around a brand-new car and cover it in dents and dings that come with learning to drive. So, while you are getting the best of the best regarding safety features and driver assistance technology, you can still get those same high-tech safety features to protect your teen by leasing a used car that’s only a couple of years old.
Your friends at Drivrz Financial wanted to take a moment to show exactly why leasing a used car is an excellent idea for your teen’s first car.
Used Cars Are Less Expensive
Choosing to lease a used car for your teen means you’re able to get more for your money in just about every way possible. However, buying a new vehicle comes with a sizeable down payment accompanied by significant monthly payments depending on the make and model you choose. That’s because the depreciation on a new car is exceptionally high, whereas, on a used vehicle that’s two years old, you’re not.
More For Features for Less Money
Picking out the perfect car for your teen is essential. As a parent, you want to know that the vehicle you choose has all the driver assistance and safety features available today. Used cars for lease typically are only one or two years old, which means the technology is not yet outdated. It also means your teen that wants all the fun and trendy features inside the car can still get what they want too.
All The Safety, Without the Payments
Leasing used provides you the ability to get a new-ish vehicle with a high safety rating that still holds up to the safety standards of a brand-new car that you may be considering. This means that you can have peace of mind knowing that the vehicle your teen is driving is protecting them when you can’t be there.
Save On Insurance
Teenagers are expensive to insure. And the cost of new car insurance goes up even more when you need it for a teenager, and there’s not much chance that they’ll be able to help out with their payments on time every month. But leasing a used car instantly helps you save on the already high premiums that come with teen drivers—buying new means you’ll not only pay high premiums to cover the depreciation value but also for your teen driver. Leasing used saves you at least one of those unnecessary expenses.
These are a few of the most significant benefits of leasing a used car for your new teen driver. If you’re still unsure which option is best for you, take a minute to check out the comprehensive resources, guides, and used car leasing financing information available on our website. And when you and your teen have found the perfect car, be sure to call the used car leasing financing pros at Drivrz Financial at 1-800-436-0476!