BMWs Welcome Guest | Login or Register

The key to making big savings is to cut back on the biggest expenses.  For many people, one such large expense is their car. Not many people truly understand the expense of owning a car.

Let’s look at how this works.  If you’re buying a new car that you finance, you have to pay full price and then some (because of interest).Being a new car, you have to pay for the full insurance coverage.  You still have to pay for maintainence as well.  This all adds up quickly.

Let us compare this with something like a used car under $1000.  You’ve just spent less than a grand on the car, which is thousands and thousands less than anything new.  Even if you spend $5000 you’re still coming out way ahead.

The cost for insurance is much lower.Driving an older car also saves you money on insurance. You now need only pay for the minimum coverage required by your state.

Now, you might be thinking that going for a car this cheap is silly since it will break all the time.It doesn’t have to be this way.  I like to go for reliable imports such as a used Subaru.Many of these cars will run well into the six figure mileage ranges.

The best way to find old cars like this is to check used car listings, which will many different vehicle options to choose from.  Just be very careful to check into the background of the car before you go ahead and buy it.

You will be surprised how much money you can save by simply being willing to drive a clunker.By driving a clunker, you have much more money left month to month while still being able to get around just as well.  Give some thought to it, you just might make the best financial decision of your life.

Today it appears that it is quite a sensible idea to buy a second hand car. There is no reason that they should not be reliable if you buy them from a trusted source or do your homework on the car before you commit to buying. It also makes excellent financial sense because as soon as a new car is driven off the forecourt it starts to lose money, whereas a second-hand car has already made this loss.

When you take the plunge and buy used you can usually afford to select a more upmarket model than if you were buying new.

However maybe a disadvantage to buying a used car would be that financing is often more expensive although this could be offset by cheaper insurance rates. If however you prefer to lease a car then a used car is not a viable option. You could also be missing out on the very latest gadgets and safety devices and I suppose there is nothing better than the feeling that you are the first owner of a brand spanking new car!

Let’s face it a lot of the first time buyers of cars are youngsters who cannot really afford the expense of a new car.

One of the most popular cars for teens is the Honda Civic.The Civic is one of the top small sporty cars around and is quite reasonably priced. This car is really fuel efficient and is very safety orientated with antilock brakes, front seat side airbags and side curtain airbags which are standard on all models. It also has a body shell which is designed to withstand an impact with a much larger vehicle. There is the choice of a lively coupe or a more sensible sedan.

The Mazda 3 has got a reputation for being economical and fun to drive. It has plenty of power, great looks and top notch handling.

Another favourite is the Ford Focus, they are relatively cheap plus they have a system which allows the use of ipods and cell phones with voice commands which mean the driver can keep their eyes fixed firmly on the road.The 2 door Focus coupe is very popular as it offers the same amount of back seat and trunk space as the four door version.

The vehicle that the teen driver will probably be best suited to must surely be the safest and also the most economical to drive.