Tips for Young Car Buyers in California

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Tips for Young Car Buyers in California

Everyone wants to have their own set of Hot Wheels. Cars have been a fascination for a long time. Even as children, we were fascinated by the beauty of cars. It is absolutely true that cars are the ultimate American passion.

When you go to a state known for its car culture, you simply end up loving cars. And so it is with Californians. Who wouldn’t want to drive over the famous Golden Gate Bridge?

Now, for all you California teenagers who want to feel the rush of driving a car. There will be many questions in your mind. It is better to resolve before buying your first car because doubts hinder satisfaction.

Am I legally allowed to drive a car? What are the Requirements to Get a Driver’s License?

You can drive when you are 15 years old. You will need to apply for a California teaching permit. This license is a “provisional” driver’s license and you have to follow a few additional rules until you get a driver’s license.

>> It is vital that you follow all traffic rules and drive without any collision.

>> It is mandatory that you drive in the presence of a parent/guardian/spouse/adult over 25 years of age with a valid driver’s license.

If you follow the regulations, you meet the basic requirement of taking a California driving test.

To take your driving test you must:

>> Be at least 16 years old and must have your permit for a minimum of 6 months

>> Having completed driver education and 6 hours of professional driver training

>> Have completed a certificate of 50 hours of practice with an adult who is 25 years of age or older with a valid California driver’s license. It is mandatory that at least 10 of the 50 hours must be done at night.

>> Have minimum insurance coverage.

If you fail the test, your retest can be scheduled only after two weeks. A Re-Test Fee will be charged for the second and third attempts. If you have not passed the test in three attempts, then you will have to apply again.

How should I choose a car?

Well, the California lemon law will help you with all new and used cars (if covered under the original manufacturer’s warranty). So, go ahead and explore your car options. Only with thorough research, you will be able to buy a perfect first car.

The need for a car

I understand that all of us are passionate about cars and owning the best set of wheels gives us great satisfaction. But it is necessary that you let the left brain dominate you for some time. Think about why you need a car.

If you need to cover long distances every day, then it is important that you go for a car that gives you good mileage.

If you live in the hilly area of ​​Sierra Nevada, you can go for an SUV or any other car with a robust build. It will help you cover the hilly tracks. You can go for a stylish convertible if you live near San Diego’s Ocean Beach.

If you do not drive passengers in your car, then a two-seater would also be suitable. So, it all depends on you.

Affordability

Buying a car is not like buying movie tickets. Believe in saving for the rainy day and don’t spend every penny just for the price of the car. You will also have to spend on the title, registration and even insurance. Also, consider the future maintenance cost and thus make a wise decision.

A new or used car?

The latest designs, better mileage and advanced technology make us crave the latest models. There are many new models that cost less with many promotional incentives and rebates.

But, remember that cars lose their value faster. So if you spend that much on a new car, you don’t want its value to depreciate quickly and put you at a disadvantage.

As a teenager, cost is always an important factor and so you can also go for pre-owned cars. They will obviously be priced lower than new cars. Request a vehicle history report and make sure the vehicle is not salvaged or a lemon.

The problem with an old car is to identify its exact value. You clearly don’t want to pay more than the car is worth. The Kelly Blue Book value of the car will help you here.

It is important that you take someone with you. A trusted mechanic is the best person in this case. Take a test drive and ask as many questions as you like.

What documents are involved while buying a car?

Your job doesn’t end with choosing the perfect vehicle; you still have to go through the paperwork. It is less tax if you let the seller do it. But that doesn’t mean you can skip it. Before you sign on the dotted line, you must understand everything.

The most important is the Bill of Sale. It is a document that acknowledges the sale. It will include all contract information, vehicle identification number (VIN), license plate number, car year, model, retail price and other details.

The state also requires Californian cars to have one Smog certificate. Only a few are considered an exception. You have to pay an $8 fee to get it from the DMV.

It is the seller’s duty to report the change of ownership to the California DMV within 5 days of the sale date. Only after that, the DMV will review the records from the NOTICE OF TRANSFER AND LIABILITY. On the other hand, you are also responsible for informing the DMV within 10 days of the transaction.

Can I get an Auto Loan?

Buying a car is expensive and so car financing is inevitable. When you are a teenager, availing an auto loan becomes a bit complicated. So, here are some tips to help you get a loan.

Constant income

Since you don’t have a credit history, trusting that it would be a little difficult for the borrowers. Therefore, it is important that you ensure regular payment lenders. This can be done with a stable job and income.

Large Advance Payment

If you can afford to put 10-20% of the price of the car, it will be easier to use loans. A higher payment amount can prevent the possibility of negative equity. So, even if the value of your car goes down, you will own a smaller amount and the chances of an upside-down loan will be less.

Find a Co-signer for your Auto Loan

Although you must be at least 18 years old to sign contracts in California, a minor still has certain rights. You can sign contracts for certain goods and services that are necessary for survival. In some cases, a car is also considered a necessity. Thus, you can sign the contract in such circumstances.

Also, if a contract is signed by two parties and one of them is a minor, the contract is voidable at the option of a minor. Therefore, to avoid any unnecessary risk, the lender needs a co-signer with a good credit history.

Under California law, a co-signer is someone who assumes responsibility for the car loan, but does not take possession of it. And therefore, the co-signer does not need to co-own your car. The ownership of your car depends on the names added to the car Title.

If you pay your loan on time, your co-signer has no other responsibilities or rights.

Knowledge is power!

Buying a car is easy when you know the exact process. You will only have the power to negotiate when you know it well.

All the best for buying your FIRST car!

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