Getting Yourself on the Road after College
People spend a considerable fraction of their life in school, and you complete college education when you are an adult. As much as you are a grown up, it does not mean that now you can face all the challenges of life including meeting various expenses and responsibilities, but you deserve more freedom and independence. Getting a car to drive over this period is one of the ways that you can enhance your freedom. A vehicle enhances your mobility so that you can have fun moving around to visit any of your friends wherever they are, and you will not have to wait for public transport which might end up causing disappointment and discomfort. The main challenge to achieving this would be the finances because you may not have a reliable income source. 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. This article looks at some factors of importance before getting out on the road.
Buying a vehicle – You need to own a vehicle to move you around. You may not have the finances to purchase a brand new car when you get out of school, and the best option for you would be to purchase a used car which is relatively cheap. You do not need a sophisticated car or probably a fuel guzzler because car maintenance would be expensive. A simple car with an adequate capacity will do, and it should use as little fuel as possible to cover long distances thus economical. However, if you prefer to have a fancy car, then you will need a lot of money which you may have to borrow. The source of financing that you choose must be favorable so that you do not struggle to pay the monthly installments. 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.
Utilize a family member’s car – In case your family has an extra car that is occasionally used, you can you can request for its use as long as they are comfortable with your idea of driving. This is the most appropriate solution for a broke student who cannot borrow money and needs a car to move around. You do not have to worry about the cost of purchasing a car because you have a ready one to move around and perfect your drive skills. All you have to do is cater for fuel and insurance expense which is quite manageable. However, as you enjoy this privilege, you should be saving to purchase your car.
Insurance cover – Having an insurance policy is important when you get on the road, but you may not afford to pay the premiums. It is advisable to be covered under the insurance policy of your parents.