With other financial obligations ahead, it is important for young adults to weigh all their options before looking to lease or purchase a vehicle. The cost of car payments may vary based on income, credit and down payment. Car insurance on the other hand varies specifically depending on the age of the driver. Insurance companies charge higher rates on policies covering young drivers because they are said to be more dangerous behind the wheel. The average annual cost to insure young adults between the ages of 18 and 25 ranges from $2,374 for a 25 year old and $6,456 for an 18 year old. As a young adult you may be putting yourself in a financially vulnerable position deciding to purchase a new car and not being aware of the financial burden that follows. It is not a car company’s job to sugar coat outside financial cost. The car company’s job is to present this new, hip, and stylish vehicle as a false image of happiness while turning a blind eye to the unfavorable
With other financial obligations ahead, it is important for young adults to weigh all their options before looking to lease or purchase a vehicle. The cost of car payments may vary based on income, credit and down payment. Car insurance on the other hand varies specifically depending on the age of the driver. Insurance companies charge higher rates on policies covering young drivers because they are said to be more dangerous behind the wheel. The average annual cost to insure young adults between the ages of 18 and 25 ranges from $2,374 for a 25 year old and $6,456 for an 18 year old. As a young adult you may be putting yourself in a financially vulnerable position deciding to purchase a new car and not being aware of the financial burden that follows. It is not a car company’s job to sugar coat outside financial cost. The car company’s job is to present this new, hip, and stylish vehicle as a false image of happiness while turning a blind eye to the unfavorable