Putting Family First When It Comes To Your Car

 

We all have a different definition of what family means.

And I don’t want to exclude anyone, but most of the time, a family vehicle means large, safe and easy to use.

There are so many choices out there today.

And everyone has a different reality of what safe or reliable even means.

We also have budgets to stick with.

Not many of us have endless funds, especially when raising a family.

Not only do you have to think about safety features, but the different costs of your vehicle. Such as having the best cheap car insurance you can get.

Or how much the tires and oil changes are going to cost you?

Should you lease or own?

We don’t always have all of the answers, but we can make lists of pros and cons for each car.

How will a certain car effect your lifestyle and families needs?

 

What You Will Need Before Purchasing That Family Dream-Mobile

 

A few key components that every driver and parent need to have is insurance. Quality car insurance that can cover you and the ones you love.

If you have babies and only your and your spouse are driving, there will be a different price tag on your car insurance than if you have a teen also driving the vehicle.

Also, each state has their own laws on insurance and the minimum amount of car insurance you will need to attain.

For instance, in the state of California, your minimum car insurance is:

Now this might not seem like a lot of insurance to you. That’s because it’s not. You will need much more to be fully covered.

 

What is fully covered?

 

Fully covered means having full coverage on your car insurance policy.

This consists of not only liability and property damage coverage but also collision and comprehensive coverage.

 

Here is a breakdown of what cheap car insurance coverage you should have to cover your family vehicle:

Besides the above, you can also purchase extra medical coverage for a car accident. To be safe and prepared, it is probably best to be over insured than under insured.

 

What Family Cars Are The Best?

 

This may seem like a question  with a million different answers. However, I have done some research and come up with a list of Pro’s and Con’s for some of the top rated family cars of 2017.

 

Toyota Highlander:

 

Volkswagon Atlas:

 

 

Honda Odyssey

Subaru Outback

 

Saving Money While Living The Dream

 

We all know that it isn’t easy to have it all. To raise a family and work a full time job. To go to school and sustain a relationship. Or even to save money and buy a car.

One of the best pieces of advice is: to do your research.

When shopping for a family car, here are the steps you should take:

  1. Create a budget and know what you can afford.
  2. Understand the outlying costs such as insurance, oil changes and maintenance. Some cars are more expensive to insure than others. Keep this in mind: the larger the engine, usually the more the insurance.
  3. How large of a vehicle will you need for your growing family? Maybe a growing family means you will be getting a puppy. So account for what it is you will need.
  4. How much driving will you do with this car? If you are dropping the kids off at school and then commuting to work and back, you may want to consider a more eco-friendly and gas-saving vehicle.
  5. Make a list of what you absolutely can’t live without. Some people need extra large cup holders, others want leather seats. Know what you want and what you are willing to be flexible on.

 

Money, Money, Money…

 

Everyone has a budget. Everyone has a limit to how much they want to spend. Are you looking for a new top-of-the-line sedan? Or maybe a used van will do just fine.

Here are what some cars will cost you:

 

 

A few other things to consider when looking for a family car is the maintenance expenses.

There are many ways that you can repair a car yourself. Oil changes are not that difficult either.

If you are really looking for ways to save, try taking a shot at becoming handy under your hood.

 

To Buy Or To Lease

 

Buying your family a car is a great feeling. You may have to take out a loan for it, but it is still yours. You can drive it as far and as much as you want. And you are capable of selling it at anytime.

However, cars only depreciate in value. You will most likely never make money on a car that you take out a loan for.

On the other hand, saving and paying in cash can have a lot of value. It also gives you negotiating room with the seller.

You may not have thought much about leasing. If you have a tendency to trash your cars, leasing may not be right for you. However, more and more people are finding it beneficial.

When you lease, you can only drive a certain number of miles each year.

However, you are walking away from a lot with a brand new car which you can then trade up in another three years for another completely brand new one.

Most dealerships make you do a certain number of oil changes and maintenance requirements when you lease.

This can add up, however it also guarantees that your car is running in the best shape ever.

If you are planning on having a family and want the freedom to do as you please with your car, a purchase may be the better option.

However, if you are yearning for that touch screen and new safety features, you could lease a brand new and very safe vehicle for not that much money.

 

All of these options come into play when wanting to make the best decision for your family.

From insurance policies, to maintaining your car, there are many options and many ways to save money.

The smartest thing to do is to make sure you really love the car you drive.

We as Americans spend a lot of time behind the wheel. You might as well enjoy it.

 

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