The reality of modern society is that young people are driving less than their parents did when they were young. The reason for this decline is like most other things in so far as it is not monocausal. However, one of the many factors that may contribute to fewer Millennials getting behind the wheel is that driving is simply becoming too expensive. The financial crash of 2008 left a lot of young people struggling to find a job that could pay for all of the expenses of getting a license. The cost of having professional lessons in the US is now thought to be between $200 and $800. The practical test costs an average of $45 while the theory test costs about $10. The cost of actually buying and running a car is quite substantial too. Research from the US Department of Labor shows that each year it costs an average of $8,003 to own and operate your own vehicle. This breaks down as $3,421 to buy the car, $2,227 to fill it with fuel and motor oil, and $2,355 for other related expenses. This is good news in a way because irrespective of the financial climate, the impact on the earth is not quite as great as long as fewer people are driving their own cars. Lots of research has demonstrated that public transport is better for the environment. It is also much cheaper overall. However, getting a car is a rite of passage and remains an ambition for a lot of people. With the greater costs, the need to make a smart purchase becomes more important. Here are a few things to consider when buying a car:
When you buy a new car, its value decreases by 11% as soon as you drive it off the lot. After owning the car for one year, it will have lost 25% of its value. This depreciation is serious and should prompt you to consider the future when making your choice. One of the things that is always important in a vehicle is its safety. Some brands are known for being quite safe, such as the Swedish models at Paul Moak Volvo. However, there is more to a car than the badge on the front. When looking for a new model, you should investigate whether they have some of the exciting new technology that is improving road safety. For instance, a lot of new cars now have sensors and radars that help you keep a safe distance from the cars in front of you. You may worry that these sorts of innovations are reducing the autonomy and control of the driver, but the fact remains that they help prevent accidents.
Finally, apart from its new features, you need to think about what you are going to use it for. If you are still young, but you can imagine yourself starting a family within the next ten years, you will have enough new expenses when the baby comes without needing to worry about getting a family friendly car as well. Getting one now will save you time. Besides, the insurance will be cheaper on slower, more reliable cars.