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The Exodus Project Group

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Joshua Gomez
Joshua Gomez

Buying A Car At 18

"I will be 18 in a few months and buying my first car. I have a great new car in mind, I have steady income, and I have saved about $15,000. Can I qualify for a loan as soon as I turn 18? Or should I get a credit card and build some credit first?

buying a car at 18

Large wheels and tires are available for seemingly every automobile on sale today, ranging from compact sedans all the way up to full-size pickups. While 20-inch or even 22-inch rims are often an attractive option, there are a few things you should keep in mind before deciding to tick that box on the order sheet. Here are the pros and cons of buying a car with 20-inch-or-larger wheels.

Matt Larosiere is with the Firearms Policy Coalition, which led the challenge to California's law. He says it's bad enough that federal law bans adults under age 21 from buying handguns from licensed dealers; he says it's worse when states bar that same age group from buying rifles and other long guns.

At The Car Connection, our goal is to remove the challenges of getting financed for a vehicle. Through technology, flexible financing options and exceptional customer service, we want to give you the power to control your car-buying experience.

Also known as Liability Insurance Supplement (LIS) or Supplemental Liability Insurance (SLI). For a fee of approximately $10.95 per day, the car rental company will supplement the liability insurance that the company must, by New York law, provide. That required coverage consists of the same minimum levels of liability insurance which all vehicle owners in New York must have: $25,000 of bodily injury liability protection if one person is injured in an accident, $50,000 if there is more than one person injured; $50,000 if there is one death from an accident, $100,000 if there is more than one death; plus $10,000 of property damage liability protection. For many renters who have modest amounts of assets, the minimum coverage the car rental companies must provide as a part of the rental may be enough to protect them from lawsuits by victims of accidents involving the rental car. If you have your own automobile insurance policy with coverage above the minimum amounts, your policy should cover you when you operate a rental vehicle, so SLP is likely not needed. However, SLP usually provides $1 million of liability protection, considerably more coverage than most consumers have under their own automobile insurance policies. So if there is a reason that you want more coverage for the rental than you ordinarily carry for your own car, or you do not have an automobile insurance policy, buying the SLP may make sense.

The best case scenario when buying a used car is to identify the sweet spot where depreciation flat lines (or close to it), but where the car still has lots of life left. One one hand, this is a crap shoot. On the other hand, this is not a crap shoot because you have the internet and the internet has open source data sets!

We too live in Vermont, and the one serious issue we find with our aging cars here is body rust from winter road salt. We get our cars oil undercoated every year and nonetheless have had to retire them all before their mechanical failure when they failed inspection due to compromised body integrity (rusted out). I would be cautious about buying an older car in snow country.

Yes , I understand about saving money and all but I did buy my Corolla in 1996 brand new and I am still driving it today at 456739 miles later, never replaced a motor, still the OEM motor and trans , how could buying my car new be bad?I understand some makes do last longer with regular maintenance but new car cant be all that bad. 041b061a72


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