One of the biggest challenges that every parent must eventually face is learning how to look for the best used cars for teens and where to find them. With so many options on the market, it can be quite difficult to single out the most fitting secondhand car for your kid. Lucky for you, we’ve made a list that highlights the best used cars for teens and where to find them!
Your budget is ultimately the determining factor, but that shouldn’t be the only consideration. When buying a used car for a teenager, parents tend to focus on the price and often overlook other key factors like the horsepower, the mileage, or the safety ratings.
Top 3 Factors That Every Parent Must Consider When Buying a Used Car for a Teenager
The best used car for teens should satisfy the following three requirements.
- Safe: Let’s face it, teenagers aren’t the safest drivers in the world. Aside from the local driving school education teens must complete, parents should also ensure their teens’ safety through a thorough vehicle assessment. Such assessments should include:
- Inspecting the prospective vehicle’s overall physical condition – both interior and exterior.
- Inspecting the prospective vehicle’s history – via service records and a CarFax. At this time, it’s also good to check for any recalls currently in place.
- Paying attention to the prospective vehicle’s horsepower. A vehicle with a powerful engine could tempt a teenager to test its limits.
- Checking the condition of essential features that may need repair, such as belts/hoses, airbags, seatbelts, brakes, dashboard-warning lights, and headlights/taillights.
- Reliable: When buying used, warranties and guarantees are normally not offered, therefore, reliability becomes one of the top priorities. Consult with your local mechanic, research online, and ask for insights from friends – before purchasing a vehicle.
Important to note is that the make and model of the vehicle can usually tell you quite a bit just in and of itself. Certain brands are generally known to last longer than other brands – even if secondhand.
- Lifetime Value: Think sale price PLUS possible repairs plus the ongoing maintenance cycle. Similar to point 2, certain brands can cost exponentially more when it comes time to do repairs or regular maintenance, than other brands. Hondas and Toyotas are two good examples that are made to last and have relatively low repair costs and maintenance costs.
Where Can You Find the Best Used Car for Teens?
The next question is, where can you find amazing deals for the best used cars for your teenager? Well, look no further because you can find these and a lot more at one of the car auctions hosted by Capital Auto Auction!
You can find a diamond in the rough through a live auction or you can just choose to join an auction online within the comforts of your home. Either way, Capital Auto Auction is here to help you get the best used car for teens at incredibly low rates!
Ready to buy? Go ahead and take a look at Capital Auto Auction’s inventory now and register for the auction for FREE!
If you’re interested in purchasing a new car at a used car price, then participating in repo car auctions is your best move.
When folks purchase a car with financing and they default on that loan, the creditor is granted the legal right to repossess the purchased car without notice. Rules on repossession vary from state to state, but the usual causes for repossession is the buyer’s failure to maintain car insurance or the buyer missing loan payments.
Finance companies, credit unions, and banks don’t want to keep these repossessed vehicles. Instead, they want to get rid of repossessed cars as soon as possible so that they can recoup at least some of the money they’ve lost. So what do these companies do with these cars? Simple. They sell these seized vehicles at repo car auctions.
Advantages of Buying a Repossessed Car
We can’t stress this enough – repo car auctions are awesome places to look if you want to be smart about buying your next car. These are the reasons why:
- “Almost-New” Condition Vehicles
When brand-new car owners find themselves in tough financial situations and they fail to make regular loan payments, their shiny new vehicle gets repossessed. At repo car auctions, you can easily find vehicles that are practically brand new – sometimes only a few months old and just a couple thousand miles on the odometer, still with that “new car” smell.
- Many Makes/Models to Choose From
With repo car auctions, you’ll find a wide array of vehicle choices. Whether individual or fleet vehicles, repos don’t discriminate. Discover cars, trucks, minivans, SUVs, vans, motorcycles, buses, ATVs, and more.
- More Bang for Your Buck
You’ll get great value for your money when you purchase a repossessed car. A brand-new vehicle’s value significantly depreciates the moment it leaves the showroom or dealer lot. Take advantage of that depreciation and save yourself some money!
Remember that the goal of financial institutions is to cut their losses with a repo vehicle, if they can. It’s not to make a profit. Again, you can take advantage of this by purchasing a repossessed vehicle – their loss is YOUR gain.
Where to Find an Repo Auction House You Can Trust
If you’re in Philadelphia, PA; Manchester, NH; Temple Hills, MD; or Washington, DC, you don’t have to go far to look for a reliable repo auction house. Capital Auto Auction is a dominant player in the industry of selling repossessed vehicles. With us, you can expect nothing but the best customer service and top-quality inventory.
Your dream car is waiting for you to bid on it! Check out our auction calendar to get huge bargains on repossessed cars at one of our live or online repo car auctions!
Have you ever thought of participating in boat auctions? Looking to find a big bargain on a used boat? Try Capital Auto Auction’s boat auctions. If you’re willing to take a chance, you can find your next for a price that’s hard to beat.
Buying a boat isn’t something that any wise buyer should rush into. Before you get way too ahead of yourself and bid on blind impulse, take the time to learn a few top tips from experienced bidders. Follow the steps outlines below and you’re guaranteed to find your watercraft vessel of choice.
Whether you’re shopping for your first car or your third, buying at a car auction for the first time can be daunting, sometimes even overwhelming as it’s difficult to know exactly what to expect. Not to worry. Here’s everything you need to know.
When you’re debating on ways to spend the money you got from your tax refund, it’s always a good move to explore the reasons why it makes sense to purchase a vehicle with your tax return. After doing all you can to maximize tax deduction opportunities, and responsibly filing your taxes ahead of time, you’re finally ready to enjoy the fruits of your labor. Continue reading →
It’s your first time to participate in a public auto auction and you can hardly sit still out of sheer excitement. After all, it’s not every day that you’d get to have an opportunity to buy an awesome used car at a price that’s just too good to be true. You can’t wait to save hundreds, even thousands of dollars, on a diamond in the rough at your first public auto auction adventure.
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