Getting a car loan doesn't have to be a nightmare, even with bad credit.

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Do you have a college student?  Owning a car facilitates easy travel for students who live far from school, ensuring that they travel conveniently and fast. Further, it teaches them how to be responsible especially because cars need a high level of attention. To buy the best cars for college students, there are various considerations to make.

best cars for college students

Age of the car

If you choose to buy a used car, choose a model that’s less than 8 years old. Remember, you want a car whose parts are in great condition. If you get a car within the recommended age bracket, you can be guaranteed that you will get spare parts with minimal struggle. Even when you’re good with cars, you want to incorporate the services of someone who understands cars better. Often, salesmen may give you deceiving information regarding the state of cars on sale. An experienced car expert gives you bargaining power and ensures that you get value for your expenditure.

Your budget

Many students in college have part-time jobs. While the students may want to possess high-end vehicles, their part-time earnings aren’t enough to finance them. Still, students can buy a modest brand new fuel-efficient car for $15,000. If you prefer a used car, you can get one in good condition for $10,000. The range of $10,000 and $15,000 is perfect for students. For a car of this value, students can get cheap car insurance quotes. Further, they’ll be able to deposit their car loan installations on time.

How to Save Up Fast

Availability of Affordable Car Insurance

When you own a car, you have to contend with recurring expenses, with one of them being auto insurance which you need to pay every month. It’s worth noting that college students struggle with rising tuition fees and paying rent. Adding more expenses will hurt their financial standing.

The good news is that students can qualify for affordable car insurance by making an application to get a Good Student car insurance cover. This insurance plan is readily available for full-time college students aged 25 years and below. Students will be expected to maintain a cumulative GPA of 3.9 through their course.

Fuel consumption

Fuel costs keep on rising every now and then. As a student, the car you choose should be low fuel consumption to reduce your car expenses. This way, students will be able to afford their campus priorities and some luxuries without borrowing loans. With a fuel-efficient car, you can be assured that even when gas prices increase, you’ll still be able to afford it.

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Is there Cheap car insurance for college students?

As a college student, you are already on a strict budget. Still, if you own a car, you must have car insurance. People hardly think about car insurance even though it’s quite critical. Often, many students end up choosing the same insurance as their parents which isn’t cheap.

One thing you should understand is that car insurance can take up a big percentage of your restricted budget. What’s more, auto insurance rates fluctuate often. The good deal you received as a freshman in college may not be viable anymore today or in recent years.

Again, the average insurance cost for a 20-year-old car is $3,816 annually which is colossal. This explains why college students need to shop around for affordable car insurance rates.

Are there Car Loans for College Students

Various institutions provide car loans for college students. If you live in America, you already know that residents begin developing their credit ratings during college. This is because they have access to actual jobs then.

Some college students already have negative credit ratings as a result of skipping credit card payments. You can get an auto loan for a new car if your credit score is above 719. If you can identify good financial institutions, then you’ll be sure to get some essential tips to help you understand how to reduce car maintenance expenses.

Best used cars for college students

Whether you’ll use a car for commuting to campus or going shopping, it makes your life easy. Of course, not every student can afford a new car. Thankfully, there are clean and affordable used cars in the market for students to choose from. Let’s check out the best-used cars for college students.

Kia Soul (2012)

The Kia Soul 2012 model comes with an exclusive box-like frame. One identifiable feature of this vehicle is its appearance. The manufacturer, however, didn’t focus on having a cool looking car. This car is compact on the outside and comes with a roomy interior. It’s a good car in which college students can easily squeeze inside limited parking spaces on campus. Still, this car isn’t the most efficient when it comes to energy consumption.

Toyota Prius (2009)

If you’re looking for an environmentally friendly and energy-efficient car, the Toyota Prius 2009 model is the ideal vehicle. A used Prius is not only an excellent choice, but Priuses have a great reputation for reliability. Investing in a used model will be a great idea. However, you will need to evaluate the battery warrant before buying the car. While the batteries can last longer, replacing them can be a costly affair. The latest models are more spacious and if you’re tall you’ll be able to sit comfortably.

Honda Fit (2013)

The rear seat of the Honda Fit 2013 folds down completely to give users more storage space. If you aim at getting a small albeit spacious car, the Honda Fit is your go-to car. A used Fit costs between $8,500 and $18,000. Honda cars are reliable which means you won’t need to worry about your car breaking down suddenly or maintenance costs.

Subaru Impreza 2013

The Subaru Impreza 2013 comes in handy for students who study in upstate New York or Great Lakes region. While these areas have excellent universities, they experience extreme winters. If you’re considering studying in any of these areas, you may want to buy the Subaru Impreza.

This car is not only one of the cheapest, but it also comes with an all-wheel-drive to help you navigate through snow and ice-covered roads. The Impreza, however, may not impress you if you’re using it in a milder climate with its average fuel efficiency and poor sound system.

Mazda 3 (2014)

The Mazda 3 2014 model may not come with a unique appearance, but it’s still a stylish car that offers proper handling compared to its rivals. However, you’ll need to compromise fuel efficiency to enjoy these features.

Finally

Owning a car as a college student helps you commute from home to school and from school back home. A used car is affordable for college students who can’t afford a new car.

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