As a young car owner, nothing beats sitting in those soft leather seats, breathing in that new car smell, and hearing your engine purr. At this point, you might think about how many young people also have their own cars and the fact that you’re lucky to have one under your name. According to a report from Fox Business, there are actually a large number of young car owners like yourself.
Despite the growing number of people owning cars at a young age, you should still consider yourself lucky. After all, not everyone can afford to purchase a new car along with the auto insurance that Michigan requires resident drivers to have (Michigan has one of the highest insurance rates in the country).