Auto Financing 101: Understanding How to Make

Good Vehicle Financing Decisions

Brought to you by AWAREwww.AutoFinancing101.org

Before visiting the dealership:

• Determine a realistic price range

• Know the difference between buying and leasing

• Know your credit record

• Compare auto financing offers from multiple sources

1

When shopping for an auto at the dealership:

• Stick to your price range

• Negotiate your finance arrangements and terms

• Understand the meaning and price of optional products

• Read the contract

2

After completing the auto purchase or lease:

3• Make your payments on time

• Be aware of any liens on your vehicle

• Talk to your creditors if you run into difficulties

• Know your obligations

• Realize you can refinance at any time