New driver in the family? Buckle up.

Use this moment to talk money: insurance, gas, maintenance and who’s paying for what. It’s a real-life lesson in budgeting before they hit the road solo.

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Look past the payment

The sticker price is just the opening act. Insurance, gas, repairs and the occasional “I didn’t see the curb” moment can add up fast. A safe, dependable used vehicle can be a better choice than something newer or flashier. The goal isn't just getting them on the road — it's keeping the costs manageable after they get there.

Want help getting started? Read more about finding the right car for your budget.

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Make it their money lesson

Once the keys are handed over, the financial education begins. Use the unexpected stuff — flat tires, dead batteries and mystery dashboard lights — as the lesson. Talk through what those moments can cost and who’s responsible for paying. Get them in the habit of setting a little money aside, so surprise car costs don’t hit quite as hard later.

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Let’s talk insurance

New driver, higher premium. Call your insurance company early to ask what it will cost and how you can bring it down.

• Good grades
• Driver's ed
• Safe driving apps
• Students away at school
• Multiple cars on one policy

Bottom line: driving is freedom for them — and a budget lesson for both of you. Talk through the costs now, so everyone knows what’s coming.

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_{Exeter Finance LLC is not a credit repair agency or licensed credit counselor. Exeter does not offer services to fix or improve credit scores. These tips are intended for general educational purposes and should not be construed as legal, financial, or credit repair advice.}