Foster Youth in Transition - There are generally three sources of used cars:

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There are generally three sources of used cars:

	PROS	CONS
New Car Dealer	They want repeat business so they will likely treat you well. They can often offer some type of warranty.	They are usually the highest price.
Used Car Dealer	Good used car dealers usually check out the car to make sure it is in good shape. They may offer a warranty.	Not all used car dealers are good. Prices are usually lower than a new car dealer but not as low as a private owner.
Private Owner	Usually the lowest price.	No warranty is offered and you take the car as is.

Use this handy chart to figure out if you can afford a car. Tip: Your monthly payment should not be more than one weeks income.

TOTAL UP-FRONT COSTS

Down Payment Amount

Monthly Payment

Cost for a Vehicle License

Monthly Insurance Payment

Total


	Related Content
•	Steps to buying a car: a quick start guide
•	Your New Car: Lease or Buy?
•	Find a used car at the State Surplus Auction
•	If you buy a used car, be sure to register it & get new license plates!