n Personal Finance Newsletter - Your teenager's first car : vehicles

Volume 2006, Issue 307
  • ISSN :



Extracted from text ... 10 July 2006 Moneyweb's PERSONAL FINANCE BUYING a car for your teenager can be quite nerve-wracking. Moneyweb's Personal Finance spoke to some experts about what you need to take into consideration when that fateful day comes. How much can you afford to spend? Econometrix economist Tony Twine says that first time buyers should not consider spending more on repayments than 20% to 25% of their net pay. However, what's also important to think about here is that not only are you going to be spending money on the actual vehicle, but you need to also plan for maintenance costs, ..

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