Financial Literacy for Everyone
Follow Us
FacebookTwitterYouTube
For Broadcasters

Sign up for our weekly email and learn how you can play Jason Alderman's weekly Practical Money Matters on your station. Learn more

Subscribe
Summit 2014

Watch the 2014 Financial Literacy Summit
The 8th annual event addressed financial literacy needs of the unbanked and underbanked.
View video

PMM articles

Practical Money Matters
Disputing a credit card charge? Graduating? Leasing a car? Learn important tips from our weekly article series.
Read now

social media

Connect with us!
For daily money tips, quips and pics, follow us on social media.
Like us on Facebook
Follow us on Twitter

Practical Money Matters Radio Series

October 8, 2012
Time for a New Car?


Learn which factors to consider before you hit the lots in search of a new car.

Transcript

With proper maintenance, you can usually put well over 100,000 miles on most cars before they wear out. But if you need a new car, try these tips:

Before you start shopping, figure out how much you can afford to spend overall, factoring in down payment, insurance, tax, registration, maintenance and repairs. And don't forget gas mileage – assuming that you drive 15,000 miles a year, the difference between a car that gets 32 miles per gallon and one that gets 13 is $3,000 per year at current gas prices. If you'll need financing, learn what loan amount and interest rate you qualify for. And don't rule out a good used car. New cars depreciate when you drive off the lot.

Bottom line: Do your homework before setting foot in the showrooms.


Related Articles

Email to a friend

Your Name:
Your Email:
Recipient's Email:
Message:
Enter code:


The information that you provide through this e-mail feature will not be stored by Visa for any other purposes. Please refer to Visa's privacy policy for details.