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5 Things To Know Before Buying A Used Car For Your Teen In Newfoundland

Here are five important things you should know before you purchase your teenu2019s first car. If youu2019re looking for a used car in Newfoundland thatu2019s in excellent condition, the best place is East Coast Financing. We have the best used cars, and we have a range of models. Theyu2019re budget-friendly and safe. You can get quick approval for financing too. Visit https://www.eastcoastfinancing.com/ for more information about our services.

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5 Things To Know Before Buying A Used Car For Your Teen In Newfoundland

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  1. Buying A Used Car For Your Teen In Newfoundland | 5 Things To Know

  2. New vs. Used Car If you’re looking for a car that’s budget-friendly, get a used car. You can purchase a new car, of course, if you can get attractive financing and pay the taxes, higher insurance, and other fees.

  3. Safety Inspection • Get the car history report to check for major damages and accidents. • Hire a mechanic to run a check. • Ensure that the car has all necessary safety features.

  4. Car Insurance • Having car insurance is a legal requirement to protect the driver and others. • Ranges from $700 to $1,800 per year. • Used cars have lower insurance rates.

  5. Initially, you can set a maximum limit of $20,000 when you go to purchase your teen’s first car. How Much Should You Spend For Your Teen’s Car? Try to pay at least 20% to 30% in a down payment to reduce the loan burden

  6. DocumentsRequired • Driver’s license • Proof of insurance • Credit report if you’re • applying for financing

  7. Are you looking for the best affordable used car in Newfoundland?

  8. At East Coast Financing, we sell all types of vehicles, including new and used cars that are both affordable and attractive. You can drive home your dream car with our quick vehicle financing solutions. Visit our website https://www.eastcoastfinancing.com/ for more details

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