PARENT + TEEN READINESS CHECK

Before the car, check the plan.

Take this together. Turn the budget, savings, responsibilities, and safety expectations into a shared first-car plan.

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CATEGORY 1 OF 4

The real budget

Make sure the full monthly cost fits—not only the payment.
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1We know the likely monthly cost of the car, insurance, fuel, maintenance, repairs, and registration.

Use realistic figures and a vehicle-specific insurance quote whenever possible.

2We have agreed on a monthly limit that still leaves room for school, savings, and normal life.

A car that consumes every available dollar is not comfortably affordable.

3We understand the likely insurance cost and, if financing, the loan rate, term, and total interest.

A low payment can hide a long loan, high rate, or expensive insurance.

4The monthly plan includes money for routine service and unexpected repairs.

Repairs are irregular, but they are still part of the cost of ownership.

Use the answer that is true today—not the answer you hope will be true later.

YOUR CURRENT PRIORITIES

Strengthen the plan here.

  1. 1
    Build a complete True Cost estimate with real insurance and driving figures.The real budget
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  2. 2
    Agree on a firm all-in monthly limit before shopping.The real budget
  3. 3
    Set the vehicle or down-payment amount in a written savings goal.Savings & cash
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A readiness score supports a family conversation. It does not certify a driver, guarantee affordability, or determine whether a particular vehicle is safe.

Know the full costBuild a realistic monthly estimate.True Cost
Fund the goalSet a pace and track each milestone.Savings
Check the actual carSlow down and flag concerns.Inspect