Write down the job your car needs to do
Think about your commute, parking space, passengers, and the things you carry. Separate must-haves from nice-to-haves. A useful shortlist can be as simple as three vehicles that fit your needs.
Set two budgets
Choose a purchase-price range and a monthly ownership limit. Include insurance, fuel, maintenance, and parking—not just a possible loan payment. Ask for an insurance quote on the exact vehicle before deciding.
Take your time with the final numbers
Request the written out-the-door price. If borrowing, compare lender offers and the total repayment cost. Keep a copy of the documents you sign and confirm the handover plan.
Should I pick a car based only on the monthly payment?
No. Check the purchase price, length of any loan, total repayment, and running costs together.
Go to the official source
Requirements and lender terms can change. Use the source below for current details.
CFPB: Before shopping for a car or auto loan