Buying Your First Car 🚗
HTML-код
- Опубликовано: 24 май 2024
- Essential financial tips and lessons for students looking to buy their first car! Finding your dream car online is so much fun, but you might need to save up more money than you think to own it. It's not just the book price of the car that you should budget for. Consider things like registration and licence fees, parking, gas, insurance, maintenance costs and more. We explain it all in this cute skit 🥰
Thank you for simplifying this 😫 i always wonder what things exist for buying a car i dont even know about.
I don't even plan on driving anytime soon but i think its useful information just to help other family members create a budget
we got you 🥰
didn’t even think about all this… so grateful to u guys
🫡
I’m glad you accounted for a monthly maintenance line item. No matter what the car’s age, you WILL need to pay for maintenance (unless you’re into that kind of thing and can actually do it yourself)
If it's a new car and has warranty you don't have to worry.
But still, owning a car is super expensive and a bit pointless if you have good public transport, taxi/uber/bolt and work from home
Even then you will still have to budget for parts. At my local auto store it’s around $50-60 in parts to do an oil change.
@@smellsbad2742rock auto for parts! Way cheaper than an auto store. And costco carries some motor oils.
Public transport for the win
In US?
@@analis_sthis is a Canadian account but also, yes
Unless you live in a rural area 😭
In civilized countries...
What public transport? Never met her.
As long as I have alternative methods to commute, I refuse to get a car.
God bless my little hometown for having a good public transport system
And then my mom wonders why I don’t want to drive 🤣 this is why mom!!
150x 12 x 2 is 3600. So you've more than bought that car again in the next 2 years by paying for insurance. Are people wrecking a car every 2 years? Those insurance fees are a rip off!
It's not just the car that's being insured but also costs associated with injuries from accidents
Yeah it appear to be that way but its better safe than sorry.
Except health insurance, some people have calculated that saving up the money you pay for health insurance in america would help pay for health costs out of pocket instead. This is because many insurance companies go "oh we can't insure you since we're not affiliated with this hospital 😁✨️"
So you've been paying them monthly just for them to not help you in the end
@@steven21736 still ridiculous
With auto theft being so high in Canada, that plays a part.
Honestly.... Me thinks you're accustomed to being ripped off but I might be wrong...
If only used cars were actually that cheap
For a car made in 2013, that's a steal.
My insurance is 40$ a month. I have no experience and an old car.
How does anyone pay 150$ a month for insurance, that's insane!
Do you live in Canada ? The cheapest insurance I've ever had I think was about $60 and that was being over 25, a woman, and only having liability coverage
The type of car and your location makes a big difference, too.
I pay around 60€/month, over 100 seems excessive
Exactly. When I had my old car my insurance was $50 a month, with my new one it's $150. Honestly I'd rather just drive my old car
I pay $505 in Ontario
150 bucks would be a DREAM. i’m paying 200 under my parent’s insurance
200 dollar inspection is crazy my local shop does my inspection for like 20 bucks😭
$150 for insurance? I wish that were me.
yeah I just bought a car for 13100zl (3275$) and just the registration, tax and inspection costs were 542zl (135.5$)
+ 500zl(125$) for AC, full OBD check and a little repair and I'm still waiting for the most expensive ones wish me luck😭
edit: they said its gonna cost a couple thousand for the little repairs, looking for another mechanic rn 😭
Oh no..🥲😭
Seriously, be careful! I have to pay $250 in insurance, and that's the cheapest I can get it. Always check the insurance on cars. (FYI, I haven't had any accidents or tickets)
Same it was 240 but they upped it to 260. Gonna have to shop around. Before I got the rate I have now the insurance company I was with wanted something insane like 550 a month
This is so so helpful for me because I'm looking to buy my first car soon and i didnt even think of all that! Thank you so much ❤
this is why I don't have a car. it's just such a waste of money if other modes of transport are available
You’re awesome!
toyota corollas for the win when it comes to used cars
thank you for explaing this, i will now go sky diving off the cn tower 😊
There’s a reason I only look for cars that are saftied.
Not all states/countries require inspection
In Alberta, the insurance for a 16 year old boy is $500 a month 🤯
As it should be those peeps are dumb and dangerous
i’m 19, fucked up and got an sr22 added to my policy. $350 a month. i would fight someone for 150 a month lmao
boyfriends father is a mechanic, boyfriend works at a war wash, i work in a shop with staff discounts >:)
This always makes me so sad like
I've just accepted I won't have most things adults usually have
$7!? My MIL gave me her old car. A 2005 totalled toyota camry and told me it would be like $50 to register it so she would do it. I told her it wouldn't be $50, it would be a few hundred. All said and done, I think it was like $800 plus the $300 to start my insurance and whatnot. Thank god she's wealthy because I knew I couldn't afford to make the car legal, even getting it for free.
Exactly why I don’t intend to buy a car until I move out of the city
I knew all this cuz I’m low income lmao 🤣
Yeah and that’s why I take public transport
Dont even need an inspection here lol
Lol insurance in the UK would be £1500 for a new driver easy
And that, my children, is why we vote for city councilors who prioritize dense housing and public transit!
And people wander whyi own a moped. It was a 4,000 loan for the everything including fees and gas cost me about $20 a month. And i live in LA. I bought it in 2021 and my last payment is this october. Plus it was brand new.
your insurance for a month is more than a year for mine
bro what, I have all the good drivers and good student discounts, and my insurance is still like 300 a month
Good that my atm dream car is a Fiat 500 because it's cute xD
Also I live in Germany, so cars are SUPER expensive
Anyone just thinks she is freakin gorgeous
$150 is cheap, it could've been $300
Aint now way this is how it works in the usa
Must be nice I pay 300 for insurance in BC
I don't need inspection, i have my dad
Also, even if the cost of the car added up to be within the $3800, unless she has a separate emergency fund and savings, she shouldn’t be making a big purchase like that to begin with…
If you don’t have a car, you’re most likely paying for Ubers or the bus everyday and at the end of the month you can end up spending the same as you would pay insurance, gas, etc. Most people can’t afford to save for a car AND emergencies.
You’re definitely not spending the same taking the bus.
@@NoScrubZz where i live, a one way bus ticket for adults is $2. if you do that twice a day, at LEAST five days a week for a month that’s $80, and that doesn’t even include if you take the bus on your off days or more than twice a day. $80 is about what i pay for car insurance. taking the bus can be expensive.
@@NoScrubZz even monthly bus passes don’t really save you much in the end. it’s cheaper, yes, but it still affects how quickly you can save your money.
A monthly bus pass at most costs a few hundred bucks (the most I’ve seen is $180/month). That is literally nothing compared to the cost of a car.
Where yall finding a car that drives for 3200? A used car costs at least 10k, and thats for something nearly falling apart.
I know it was used just for an example, but don't buy a dodge dart. I own a 2013 1.4l turbo limited for the record. They aren't reliable, so many recalls, transmission is shit and they have a ton of electric issues. Also, double check what gas you have to get. I have to get premium gas (91 octane or higher). It gets expensive fast.
People who don't think about this, arnt ready to drive clearly.
because I live in one of the most expensive states for new drivers insurance, my monthly payment for insurance is almost $400 a month. double that with relatively low wages and almost 30% of my income being taken for tax purposes with rent food gas and no other insurance, I am struggling.
It’s so terrible how people are forced to drive because of a systemic under investment in public transit. Driving is so expensive it really should only be done when absolutely needed and beneficial, like for work or moving
Yes, I never buying a car too much money
If that car cost $3200 you know there’s something wrong with it. I would save half that to repairs. Remember if it’s too good to be true it probably is
Who the hell's getting 150 for car insurance I'm paying quadruple that
Guyssss go for public transport and save environment
bro sometimes you need a car.
Bruh 8k for a car is mad. is that typical in US?
I'll just use a bike at this point
Wait where are u getting cars for $3200? I don’t see this price anywhere
Cut to some conservative asking why young people dont want to get their license
Please, for the love of car god, put more than $50 a month away for maintenance.
And with all these costs combined it's still cheaper than a driver's license itself😢😅
What are u talking Abt they are like $30
@@mimistate2371 they cost thousands of euros
Happy I live in Europe and do not need to have a car
Years of watching my parents carefully maintain our ford fiesta has convinced me to NEVER buy a car. I am just too lazy for that money and effort, yuck
Cars are so cheap in the west
Half of that shit doesnt matter when it comes to purchasing a vehicle outright
🍒🍒🍒
And vin check is paid
Hows a car only 3200 in canada. Its like more than 60000 plus another road tax that isually costs more than the car in singapore
Damn where are you getting insurance for only 150 💔
My step sister screwed me with a Corolla as old as I am.
8k?? You need to pay all that every month?
If only American cities were walkable so we didn’t need to rely on cars. Oh well
It doesn't seem that bad
And this is with I can't drive. My patents don't get it and nag me everytime I see them. I would love a car. I cannot afford one. No amoint of nagging will change that
150 a month is crazy good. Yall stressing but in the US yall would die
Ahahahahahahahahaahha oh honey you better be over 25, with a spotless record, and EVEN THEN you’re not paying that low of insurance in this economy 😂😂😂 take it from an insurance agent
I always make sure I have double the amount of money saved in case I’m buying something long term, car or house? Always need way more money than just for the item
I'm so glad I have access to public transportation 🫶
I can't even tell you how a used car with 10years old can be over 6000$ eaaasy in my country 🫠🫠🫠 without even the extra fees you're talking about here yep