Getting Yourself on the Road after College
You may have just completed your college education, and that means that you are now a grown up and ready for life. As much as you are a grown up and you have been prepared to face challenges all that while, you need to pick up the pace gradually by starting to get some freedom and independence. You might have several things on your mind, but you will have to think about getting a car to facilitate your movement which is important. By having a vehicle to drive after your college education, you attain mobility to move to anywhere that you wish and you do not have to scramble for space in public transport, and you can move to any part of the country to visit your friends. 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. Here are some considerations that you need to make before you get on the road.
Buying a vehicle – You need to own a vehicle to move you around. Purchasing a new car would seem almost impossible when you finish your college education, and therefore, you should consider buying a second-hand car which might be a bit cheap compared to a new one. You do not need a sophisticated car or probably a fuel guzzler because car maintenance would be expensive. Get a car that uses little energy to move long distances thus economical to you. However, if you prefer to have a fancy car, then you will need a lot of money which you may have to borrow. Again, you must be careful when considering your borrowing options because you do not need strict repayment terms that would frustrate you. Alternatively, another source of friendly financing would be your parents and relatives who may not put lots of pressure on you to make the payments although you must pay them.
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. You will not have to purchase a new car, and you will have an opportunity to move around and advance your driving skills. However, you must be ready to meet the maintenance costs as fuel cost and insurance. As you enjoy this benefit, ensure that you save adequately to purchase your car.
Insurance policy – You must have an insurance policy when you are on the road. Therefore, it is advantageous to be added to your parents’ policy.