For older cars, if annual repairs exceed $3,000, it might be time to trade up for something more reliable. 2. Assess Your Lifestyle Needs
Do you need all-wheel drive for snowy winters? Do you need enough seats for friends or a large trunk for gear? New vs. Used:
A popular guideline is to put 20% down , finance for no more than 4 years , and keep your total monthly payment under 10% of your income . Some experts suggest a slightly more flexible 20/3/8 rule.
Read every word of the contract before signing. Once the paperwork is done, ensure you have your insurance active before you drive off the lot.