When you’re a teenager, learning to drive opens up many possibilities, especially if you have your own car. Although earning and saving enough money to buy one can seem challenging, you just need to stick to a plan. Whether you already have your driver’s license or you have to wait a few months before applying for a permit, here’s what you need to do to buy a new or used car.

How Teens Can Save Money for a Car

1. Research Your Options

The first part of this process may be the easiest: decide which vehicle you want to buy. Whether you want a sedan or an SUV, browse the new or used cars at your local dealerships to see what’s available nearby. After you figure out the kind of car you want along with the features it offers, you can start working on your savings plan and budget.

2. Set Up a Savings Accounts

Once you know the price, you can begin putting money away for it. The most secure way to do so is by setting up a savings account at the bank. It’s much safer than keeping it in an envelope at home. It’s also better than adding the funds to your checking account; if the money is separate, you’re less likely to dip into it when temptation strikes.

3. Map Out Your Income Streams

Having a job will allow you to save up for a car quickly. For some, this could mean tutoring. For others, it could entail working at a part-time restaurant or retail job. You could also supplement your funds by selling clothes or old games. Saving a portion of your paychecks to put towards your car will add up over time.

4. Remind Yourself of Your Goal

Finally, make sure your goal is always on your mind. Make a note of how much you’ve already saved on your phone and refer to it frequently. Consider setting a reminder every week or two to look at the total so far.

If you have a particular new or used car in mind, save a picture and add it to the note. Doing these things will keep you motivated and make it easier to stick to your budget.

If you’re a teen or the parent of one, FacilDeal Auto Center has the perfect first car. For more than a decade, residents throughout Central Florida have turned to this Haines City used car dealership for safe and affordable vehicles. Their selection boasts a wide selection of foreign and domestic vehicles, which you can see on their website. If you have questions, call (863) 588-2159 to speak with a representative.