Car Buying
Buying a car is a major purchase. The more you know before you walk into a dealership, and the more questions you ask when you're there, the better decision you are likely to make.
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Buying Your Next Car: You Hold The Keys
Almost 40 percent of military respondents completed three or more hours of research for vehicle financing prior to their last purchase. This is significantly better than the general public. When you buy a car, be prepared. Read more.
Before You Buy
Are you really ready to purchase and maintain a vehicle? Ask yourself:
- Am I capable of making the loan payments on time each month?
- Do I understand the financial and military consequences if I fail to make my monthly loan payments?
- Am I willing and able to pay for auto insurance?
- Am I willing to protect the value of the vehicle by having regular maintenance and repairs?
Learn more.
Car Ad Advice
The Federal Trade Commission advises that you read between the lines when you see ads for unusually low interest rates and other special promotions. Ask these questions.
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Buy or Lease?
The biggest thing to know about the difference between a car loan and lease is this - with a loan, you're paying to own a car. With a lease, you're paying to use a car that's owned by someone else. Read more. Consumer Alert
"I can't wait to get my own car." Sound familiar? Before you start shopping for a used car, do some homework. It may save you serious money. Consider driving habits, what the car will be used for, and your budget. Research models, options, costs, repair records, safety tests, and mileage through libraries, book stores, and web sites. Read Buying a Used Car. Service Contracts
The Federal Trade Commission suggests asking these questions first:
- What's the difference between the coverage under the warranty and the coverage under the service contract?
- What repairs are covered?
- Is routine maintenance covered?
- Who pays for the labor? The parts?
- Who performs the repairs? Can repairs be made elsewhere?
- How long does the service contract last?
- What are the cancellation and refund policies?
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Read Frequently Asked
Questions About Saving &
Investing
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