A new car may be the most desirable option, but it also may exceed your budget. In many cases, the solution is to purchase a previously owned model. Work with your teen to determine the best investment.

• Research insurance costs. Coverage for a young person can be expensive, but teens may qualify for discounts by completing a driver-training program or providing proof of good grades.
  
  
• Don’t pay too much. Do your homework and investigate the market. AAA clubs also can provide pre-owned vehicle pricing information by year, make and model.
  
  
• Think twice about older vehicles. Though relatively inexpensive to purchase, they can cost more to maintain in the long run and often get poor gas mileage. They also might not feature important safety systems.
  
  
• Consider a certified used car. Many auto manufacturers have certification programs that offer low-mileage vehicles that previously were leased or had only one owner. This option typically is more expensive but could pay off in the long run with increased safety, reliability and resale value.
  
  
• Don’t forget gas mileage: Along with the vehicle purchase price, consider the cost of gasoline. Vehicles that get good mileage are easier on the wallet — and the environment. See the Gas Watcher’s Guide, a AAA brochure that provides tips and other information for maximizing miles per gallon.

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