Buying a car is a hefty responsibility, regardless of who it is! The initial purchase is not only a monumental one, but the aftermath of car upkeep, perhaps a monthly payment, and of course weekly commitments such as a full tank of gas can be overwhelming. And of course, the unforeseeable car mishap—needing a new transmission, the random breakdown, or maybe just a twist of poor fate needing a new car altogether. Needless to say, purchasing a car is a financial responsibility from the moment you sign the title.

So what happens when your new driver has this responsibility so that they can have transportation for school, work, or a social life? Should you help with this, or chalk it up to a learning experience and have them pay for it all on their own? Here are some tips and things to consider as your kid moves towards the purchase of their first car, and the involvement you may or may not have with it.

Do they have a job? Take a step back and reflect on where your kid is at in life. Are they pulling their weight with their finances? Are they holding down a job, and showing responsibility? If they are focusing on school and academics, how are they fiscally contributing to their present and their future? It’s so important to hold your student responsible for fiscal burdens, even if it’s not entirely—this allows them to wean into the pressures and predicament of adulthood so that they can mature properly. It’s also a hope that your student has been able to watch your smart fiscal decisions as well.

What has been the ‘Financial DNA’ in your family? How is your child’s? Are they ready for such a big step?

Is it safe? Most kids who purchase their first car look at one thing: the price tag. This being said, it’s typical and logical (in their mind) that they would search for a car that’s cheap, perhaps a used car with 200,000+ miles and a dent or…..five. But is it a safe vehicle? Is your student driver sacrificing their safety for a steal of a cheap buy? It’s important to have this conversation with your kid and make sure they know and understand the possible risks of purchasing an older car with more miles on it—more miles usually means more problems.

Can you negotiate? There are plenty of terms you can come to with your student as they move towards the purchase of their car. Consider negotiating with your child as you work towards assisting them or coming to an agreement on the car of their choice. Can you match what they’ve saved for this purchase? Can you assist with the car payment (if leasing/taking out a loan for their vehicle) or perhaps allow them to make the initial purchase of the car and help with maintenance issues along the way? Or, maybe, for whatever reason your child will be purchasing their car solo and you can offer your support and wisdom in the car shopping part of this process. That can sometimes be just as helpful (so that they don’t purchase a lemon!) as fiscal support can be.

We’re curious, how did your parents handle you first car purchase? How do you plan on helping your student with their first car? What has worked with your other children?

From his success on the sales floor of an automotive dealership  to becoming a veteran trainer and then the adoption of technology for Internet-based marketing, his career has evolved to deliver the skills and tools needed to help consumers. Richie Bello combined his automotive expertise with his robust desire to “take care of the customer first” to become an automotive influencer, published author, and renowned trainer.  Bello absorbed the wants and needs of consumers as he worked up the ladder of the automotive industry.

Over the thirty-five years of his career, he developed strong Internet marketing skills, leading him to developing software solutions that create ease for consumers, and helps dealers improve relationships with customers. Innovation drives success. And, for Bello, it’s in his DNA. took years to come to consumers and arrived in a timely manner, during the 2020 Pandemic. With over 6 million vehicles on the site, features that help consumers deliver, finance and warranty, Bello has met the retail digital age head on.

Bello also is founder of Richie Bello Institute of Leadership and Management, a 501C3 not for profit, dedicated to the recruitment, education and employment of veterans into the automotive industry. Visit


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