If you're planning to buy a new car for your college-bound student, your first thought might be to shuffle the vehicle deck to give them grandma's car or your car, and then purchase a replacement. But experts say you might want to think twice about a strategy like that. Newer cars have all the latest safety features, a very important consideration four younger, less experienced drivers.
Before making any decisions, you might want to check with recent recommendations from Consumer Reports. On their Car Blog, they feature a video and a post talking about considerations when buying cars for teens and seniors. They offer their recent picks for the best car options in various classes for each population. Also see their picks for Small drivers and Tall drivers).
In their post, they make some other important points about teen drivers:
Many states have graduated licensing programs that progress teens through a series of steps to achieve the full freedom of driving, by restricting driving hours, passengers, and cell-phone usage. Even if your state doesn't have such a program in place, you can implement one at home. Studies have shown that there are biological risk factors that diminish as your teen becomes a young adult, signaling immaturity as a significant concern. Limiting risks when the teen is 16 and even 17 years old can increase the chances of responsible, accident-free driving.
They also cite a prior post about teen defensive driving schools. This is a great idea to help your teen learn how to practice and prepare for emergency situations. Plus, it may help you to save money. Ask your insurance agent about any available auto insurance credits, such as Good Student, Advanced Driver Training, or Motor Club Credits.