The first own car: Tips for the new freedom

Driver's license in your pocket, a smile on your face, all that's missing is the right wheels. We describe the five most important steps to ensure that everything goes smoothly when buying your first own car.

Step 1: Search and find the right car

Before you start looking, create a budget. What are your financial options? Do you have to take out a loan? Only then go on the search – a good overview is offered by car sales platforms on the Internet. As a general rule, used cars should ideally have a vehicle age of ten years and a mileage of 150.000 kilometers must not be exceeded. Safety systems such as anti-lock brakes and electronic stability control should definitely be on board; also airbags for the driver and front passenger.

Step 2: Get financing in place

Very important is of course the financing. What funds can you use to pay for your new car? The average used car costs around 5,000 euros. Your savings bank knows the ropes and can surely offer you the right loan if your own funds are not enough. This usually requires a secured income.

Step 3: Get insurance

Play it safe: Mandatory automobile liability insurance pays for damage you cause to other road users and protects you from unwarranted claims for damages. You can combine this car insurance with a full or partial coverage policy. Because: liability-only insurance doesn't cover damage to your own car. Another car insurance policy is passenger accident insurance. It provides security for you and your passengers by paying for personal injuries.

Step 4: Apply for approval

Buying your first car also means registering it properly at the vehicle registration office. For this you need: ID card, vehicle title and registration certificate, your electronic insurance confirmation number and the account details for the vehicle tax. Good to know: In the case of a used car, a TuV certificate and the current mileage are also required. Everything in the bag? Then off to the registration office.

Step 5: Have inspections done

The purchase of a new vehicle is not the end of the story: mandatory inspections include the main inspection and exhaust emission test, which you can have performed by TuV or Dekra, for example. With a used car you have to do this after 24 months, and with a new car after 36 months. Then you also get the important TuV sticker, which is placed on the license plate. As long as your car is still under warranty, you should be conscientious about having the inspections done. Because if a defect occurs, the automaker doesn't pay and the warranty expires.

Especially when it comes to questions about financing and insuring your car, the Sparkasse is the right place to go. It is best to make an appointment right now and get detailed advice.