You have options....if you already have an extra car maybe you'll allow them to drive that. But if you don't, it goes back to the old vs. new.
Here are some pros and cons:
With a new car, you've got reliability, looks, comfort. But you've also got large payments, higher taxes and registration fees, and insurance costs.
With an older vehicle, the reliability may not be there, it may not have looks, and it may not have those comfortable, heated leather seats...but you may save on insurance costs, registration fees and you'll surely save on car payments.
However, if you do decide to go with a new vehicle, MSN Money has compiled a list of safe and "less-than-safe" vehicles that I would suggest:
- Upscale and large sedans
- Safe: Lexus ES300, Audi A4, BMW 330i
- Safe?: Buick LeSabre Limited, Chrysler 300M
- Safe?: Buick LeSabre Limited, Chrysler 300M
- Family sedans
- Safe: Volkswagen Passat GLX (V6), Toyota Camry XLE, Pontiac Grand Prix GT, Oldsmobile Alero, and Pontiac Grand Am
- Safe?: Volkswagen Passat 4 cylinder, Nissan Altima 3.5 SE, Subaru Legacy
- Safe?: Volkswagen Passat 4 cylinder, Nissan Altima 3.5 SE, Subaru Legacy
- Small cars
- Safe: Volkswagen Golf TDI, Honda Civic EX, Volkswagen Jetta GLS TDI
- Safe?: Hyundai Elantra GLS, Chevrolet Cavalier LS
- Safe?: Hyundai Elantra GLS, Chevrolet Cavalier LS
- Pickup Trucks
- Safe: Toyota Tundra SR5 4.7, Dodge Ram SLT 4.7, Ford F.150 XLT 5.4, Toyota Tacoma TRD (V6), Nissan Frontier (V6)
- Safe?: Dodge Dakota SLT, Chevrolet S-10 L5 (V6), GMC Sonoma 5LS (V6)
- Extra note: Pickups usually don't do well in vehicle assessments usually due to poor brakes and sloppy handling
- Safe?: Dodge Dakota SLT, Chevrolet S-10 L5 (V6), GMC Sonoma 5LS (V6)
- SUVs
- Safe: Saturn VUE (V6), Honda CR-V EX, Hyundai Santa Fe GLS (V6), Lexus RX300, Acura MDX, Toyota Highlander
- Safe?: Chevy Trail Blazer, GMC Envoy, Jeep Grand Cherokee)
- Safe?: Chevy Trail Blazer, GMC Envoy, Jeep Grand Cherokee)
- Minivans
- Safe: Honda Odyssey EX, Toyota Sienna LE, Mazda MPV LX
- Safe?: Chevrolet Venture LS, Oldsmobile Silhouette GLS, Pontiac Montana
- Safe?: Chevrolet Venture LS, Oldsmobile Silhouette GLS, Pontiac Montana
For more information, check out the full report at http://moneycentral.msn.com/content/Insurance/P63955.asp
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