If you’re young, you might think that you can handle the cost and the responsibility of a car. Owning a vehicle is almost a rite of passage when you think about it. So, if you have a few hundred, you’ll probably look to go out and buy one second-hand. But can you really handle the expense? The answer is probably not because it’s more than just the initial fee of the car. Truth be told, if you can afford to buy a car with cash, you’re not even halfway to paying for everything you might need.
Just over four million adults admitted to drink driving last year. That figure might sound quite low compared to the actual population of the USA. But it’s still a lot more than it should be and these are the people that didn’t get caught. Scheiner Law and other firms make millions defending DWI cases every year. But, if you can’t afford one of the best lawyers, getting caught drink driving is more likely to result in an expensive fine. Now, you might say you can avoid this cost by never driving under the influence. True, you can but what about speeding. It’s difficult not to speed when you’re first on the road. You might just push the gas a little too hard, and suddenly there are red white and blue lights in the rearview mirror.
Even just maintaining your car to keep it functioning could cost a fortune. Particularly, if you bought it second hand to save money. Second-hand vehicles are particularly unreliable. You might think that you’ll have no issues. But we guarantee it will be in the garage only a few months after you bought it. That’s not even taking into account the fact that you might crash. Around seventy-five percent of new drivers come off the road within their first year. If you think you can beat those odds, okay. But, you’ll still need to get a MOT and pass each year. That’s going to cost more money.
Insurance is the real expense because that is completely unavoidable. You need insurance to drive your car on the road. Without it, you’re just gambling with whether or not the cops catch you. Unfortunately, insuring a car for a young driver is incredibly expensive. Insurance companies know the stats, and they are not going to risk big payouts when young drivers are more likely to crash. For this reason, many young drivers will never get on the road without the help of parents paying the fees.
Finally, there’s the only cost that you probably do have the money to pay for, and that’s the fuel. However, if you’re struggling even to cover this expense, we have one word for you. Carpool because whether you’re in school or college people always need rides. By giving them one, you can share the cost of fuel and cut down the expense of having a car. Although with all the other possible costs you might want to consider whether it’s worth it. Just think about all the other things you could spend that money on.