Contributing 

How much should a 19 year old spend on a car?

Leia Doyle

How much should a 19 year old spend on a car?

Generally, people are looking to spend under $10,000 on first cars for teens. New cars can be pretty expensive, but for a teenager you don’t need to break the bank to get a good first car.

How much should a teenager pay for their first car?

To know how you need to save for a down payment, you need to set a price cap. It’s generally suggested that parents cap their spending limit at around $10,000 for their teen’s first vehicle, and most stick to used ones. If you stick to this guideline, then the most you need to save is around $2,000.

How much should I pay for my first car?

All that being said I would recommend the average person save up $5000-$10000 for there first car. If you really don’t mind a beater vehicle you can spend as little as $2500 of an older Japanese sedan that has been taken care of. Just try to avoid rust anywhere on the vehicle.

What age should you buy your first car?

In the survey, 14 percent of millennials see 18 as the optimal age compared with 7 percent for consumers aged 38 and up. By region of the country, the Northeast is the least likely to consider 21 as the optimum age to first buy a car, at 41 percent. That compares with 54 percent for the rest of the country.

What is the best first car to buy?

These best first car picks keep young drivers safe (but not bored) at an affordable price….

  1. Volkswagen Golf – Best Overall.
  2. Toyota Camry – Best Midsize Car.
  3. Mazda 3 – Best Sports Car.
  4. Subaru Impreza – Best All-Wheel Drive.
  5. Honda Fit – Best Budget Buy.

What is a good first car for an 18 year old?

1. Honda Civic (2012-2016) The Honda Civic has been one of the best-selling small cars in the United States for years, with a winning combination of price, features, safety, reliability and resale value. It is no surprise, then, that it is also one of the best used cars for teens.

What is the best first car for a new driver?

Top 10 best first cars for new drivers 2021

  • Volkswagen up!/Skoda Citigo/SEAT Mii.
  • Kia Picanto.
  • Ford Fiesta.
  • SEAT Ibiza.
  • Hyundai i10.
  • Volkswagen Polo.
  • Toyota Aygo/Peugeot 108/Citroen C1.
  • Skoda Fabia.