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 and you have been prepared to face challenges all that while, you need to pick up the pace gradually by starting to get some freedom and independence. One likely thing that would make you gain some level of freedom and independence is driving. By having a vehicle to drive after your college education, you attain mobility to move to anywhere that you wish and you do not have to scramble for space in public transport, and you can move to any part of the country to visit your friends. The challenge that you would face in purchasing your first car would be money because you may lack a stable source of income. 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. Before you get on the road, here are some considerations that you have to make.
Purchasing a car – You need to acquire a car to drive. Purchasing a new car would seem almost impossible when you finish your college education, and therefore, you should consider buying a second-hand car which might be a bit cheap compared to a new one. You do not need a sophisticated car or probably a fuel guzzler because car maintenance would be expensive. Choose a small car which consumes little fuel yet you can cover long distances with it. An expensive car would call for more commitment with regards to the cost of purchase and maintenance, and you will probably need financing to buy it. 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. With this option, you can forget about purchasing a car for the moment, and you will enjoy the drive as you get the chance to improve your driving skills. However, you must be ready to meet the maintenance costs as fuel cost and insurance. As you enjoy this benefit, ensure that you save adequately to purchase your car.
Insurance policy – You must have an insurance policy when you are on the road. Therefore, it is advantageous to be added to your parents’ policy.