5 Things To Know Before Buying A Used Car For Your Teen In Newfoundland
                     Buying A Used Car For Your 
Teen In Newfoundland | 5 Things 
To Know
New vs. Used Car
If you’re looking for a 
car that’s budget-
friendly, get a used You can purchase a new car, 
car. of course, if you can get 
attractive financing and pay 
the taxes, higher insurance, 
and other fees.
Safety Inspection
 Get the car history report to 
check for major damages and 
accidents. 
 Hire a mechanic to run a 
check. 
 Ensure that the car has all 
necessary safety features. 
Car Insurance
 Having car insurance is a legal 
requirement to protect the 
driver and others.
 Ranges from $700 to $1,800 
per year.
 Used cars have lower 
insurance rates. 
How Much Should You Spend For 
Your Teen’s Car?
Initially, you can set 
a maximum limit of 
$20,000 when you 
go to purchase your 
teen’s first car.
Try to pay at least 20% to 30% in a down 
payment to reduce the loan burden
Documents Required
 Driver’s license 
 Proof of insurance 
 Credit report if you’re 
     applying for financing
Are you looking for the best 
affordable used car in 
Newfoundland? 
At East Coast Financing, we sell all types 
of vehicles, including new and used cars 
that are both affordable and attractive.
You can drive home your dream car with 
our quick vehicle financing solutions.
Visit our website 
https://www.eastcoastfinancing.com/ 
for more details