The Multifaceted Benefits of Vehicle Ownership for Young Adults

Categories: Transport

One of the largest investments a young adult will make is purchasing a vehicle. Part of growing into a responsible adult is learning to manage money and investing it wisely. In order to earn money, and investing it into a vehicle, having a job is considered to be a necessity.

Not only will this investment provide the opportunity to demonstrate the ability to manage money, but it has various other benefits to go along with it, it shows a sense of control, it provides a certain amount of liberty, and it can keep the mind focused if buying cars and working on cars is a personal interest.

Buying a car is a great investment when it comes to developing maturity.

Undoubtedly, owning a vehicle can quickly transform into a hobby. If working on a car becomes a hobby, that is where learning to manage money can be important. Building a vehicle, can allow opportunity to become part of something bigger such as becoming a member of a car club.

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Being in a car club, it is an opportunity to meet people that share the same interests. "If one is passionate about a vehicle then what better way of showing it done by talking to like-minded people" ("Advantages of Joining A Car Club"). However, being an owner of a vehicle is not necessary, it is possible to be in a car club, and the industry even without one. Whether it be by working on cars, or just attending with other club members.

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Being part of a car club, not only gives one the opportunity to meet up with people regularly, as well as communicating with friends with similar interests, but there are often opportunities to take part in classic vehicle events, or attend as a group. "

Attending as part of a group of friends, or rolling up in an entourage of similar impressive cars, is a sure way of having a great weekend out - and turning heads on the way ("Advantages of Joining A Car Club"). "Cars are a worthwhile investment more than just getting one from point A to B" ("Why Cars Are Important and Why You Should Invest In one").

Next to this, buying a car demonstrates financial responsibility. Such as influencing other major purchases, such as a home. By demonstrating that one can take out a loan and make regular payments one can build a credit score. Having a smaller investment in a car, can help one determine if buying a house is a next step for them by paying off the smaller loan and deciding if they can handle paying off the bigger loan.

Monthly payments teach one how to be responsible with their money. Not only can it build a credit score, but it can teach one to be responsible with their insurance as well. Whether it's car insurance or house insurance or it can teach one how to save money by getting a house and car insurance plan. The first thing to consider is the type of vehicle the young adult is looking for ("Road Trip Essay").

A parent would be interested and lots of room and safety for their children, so one might look for a minivan. On the other end, most teenagers are attracted to fast and flashy sports cars. One will have to determine the vehicle on what it will be used for; how often it will be driven, and how much storage it has. Once the buyer has narrowed down their decision, the fun part of shopping for a vehicle can begin!

In addition, owning a vehicle can get to doctors appointments, emergency events, parties, and most importantly to one's job. Having one's own vehicle can help get to work on time and being on time shows responsibility. When an adult is responsible at work, they might get a raise for being a great employee. Also, owning a car teaches individuals the requirements to be responsible and disciplined when it comes to car maintenance.

Lastly, "car owners can get out whenever and go wherever they please without having to rely on public transportation or someone to give them a ride" ("Pros and Cons of Owning A Car"). Owning a car is convenient. Any errands such as grocery shopping, taking kids to school or stopping by a convenient store can happen up to three times a day if an individual has reliable transportation.

Moreover, purchasing a vehicle one can go on a vacation, which one wouldn't be able to do without a vehicle. "Road trips is one of the best ways to freshen the mind and enjoy moments with nature. It is a best way to uplift the mood and capture the happiest moments into the album of good memories for the future" ("Road Trips Essay"). One can enjoy the music, the scenery and maybe see some wildlife animals.

But what better way of doing it then with your family or friends. Road trips out of the city, state, or even the country are entertaining and joyful. As you drive mile after mile, you discover new scenery. New faces, and new places make the whole experience a memory to remember for a lifetime. Now that is sure to be one fun adventure. Also, it's cheaper to go any vehicle carpooled, then it is to buy plane tickets or bus tickets. If everyone pitches in with money for gas and a hotel, everyone can save money and have more to spend on food and souvenirs.

Updated: Nov 30, 2023
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The Multifaceted Benefits of Vehicle Ownership for Young Adults. (2019, Dec 08). Retrieved from https://studymoose.com/buying-a-car-example-essay

The Multifaceted Benefits of Vehicle Ownership for Young Adults essay
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