The 20/4/10 Rule:

• •20% down payment
• •Finance for no more than 4 years
• •Total monthly vehicle expenses under 10% of gross income

Total Cost of Ownership:

• •Purchase price or monthly payments
• •Insurance premiums
• •Fuel costs
• •Maintenance and repairs

Vehicle Selection

Sedans: Best for fuel economy and comfort SUVs and Crossovers: Versatility and space Trucks: Utility and capability Hatchbacks: Practicality in smaller packages

Financing Your Purchase

Credit Score Ranges:

• •Excellent (750+): Best rates available
• •Good (700-749): Competitive rates
• •Fair (650-699): Higher rates
• •Poor (600-649): Limited options

Financing Options:

• •Bank/Credit Union — often best rates
• •Dealer Financing — convenient, manufacturer incentives
• •Manufacturer Financing — special promotional rates

The Shopping Process

Always get a professional inspection on used vehicles. Test drive every car thoroughly — check acceleration, braking, steering, and unusual noises.

Negotiation Tips

• •Research market values on KBB, Edmunds, and NADA before visiting
• •Focus on total price, not monthly payments
• •Be prepared to walk away
• •Get everything in writing

Conclusion

Welcome to the world of car ownership — drive safely and enjoy the journey!