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Best Used Cars For College Students – We all know that college can be expensive. Tuition, rent, bills, and books take your money, so you have little money. For most students, living on a budget is only part of life.
However, what happens if you need a car to get into the classroom and you have a tight budget? In this helpful guide, we will help you find the best kind of car for students.
Should I Buy Used or New Cars?
It’s tempting to buy a new car and, while some of the smaller models are cheap, used cars offer better value. Although the value of the car depreciates rapidly after a few years, modern vehicles are very reliable. It makes sense to look for a car with a few miles on the hour, with the added bonus that the insurance costs are lower for older vehicles.
Of course, there’s a downside. Unless you are mechanically minded, how can you be sure that a used vehicle is in good condition? This is even more important with personal sales.
Should I use a Car Dealer or a Private Seller?
Generally, used cars are cheaper than private sellers, and you can find some real deals. However, you are taking a risk on the condition of the finished car, unless you know a mechanically minded person who will check before you buy, you could end up with an expensive money hole.
With dealers, you can easily check their reputation, and you will have legal protection if things go wrong. Some dealers offer ‘certified pre-owned vehicles’, which cost a little more but give you extra peace
mind. An additional bonus is that you will be able to access the financing.
What is the Best Car Size for Students?
We are accustomed to the idea of students zipping around town in small cars, which are cheap to walk and easy to park. However, small cars are not always the best option. They may be less secure than larger vehicles, as noted by
Insurance Institute for Highway Safety. You also have to think practically: if you play sports and need to haul your equipment, or you regularly bring your roommate to class, you will probably need a bigger car.
That said, do not delay a small car if that’s all you can afford; just make sure you find a model with excellent security rating. To benefit from features like Electronic Stability Control (ESC), you may need to purchase a newer vehicle. Although, you can also benefit from lower insurance payments and better fuel savings. Sites like the National Highway Traffic Safety Administration (NHTSA) help you check the car security ratings.
Operational Costs: Fuel Consumption and Insurance
On a student budget, you need to consider fuel economy, especially for long trips. Small cars tend to be more efficient, but vehicles are becoming almost as good. Mileage number for
available online, but remember that they will always be slightly lower in real world conditions. The decline of fuel decreases over time, so for older cars, look for one with a full maintenance record.
Insurance costs can rise sharply if you buy a stronger car or live in a rougher environment so, before buying, look for some quotes.
The main tips for buying the right car for college students are:
Used: Used car with dealer including guarantee, and good service history
Size: Medium cars can be almost as cheap as smaller cars.
Safety: Check the safety ratings for any car and look for high-tech security features.
Fuel Consumption: Remember that manufacturer ratings are optimistic, and older cars have a poorer fuel economy.
We hope this article gives you some helpful hints to see what kind of car is best for students. If you have a friend or a child who is going to college and need a car, why not share this article. It might just save them a few dollars and help them stretch their budget!