Millennial Money: Don’t let your first car be a $30K mistake
By COLIN BERESFORD of NerdWallet
Car prices have skyrocketed in the last year, making it an even bigger challenge to shop for your first car. With rising prices, average loan terms are getting longer and average monthly payments are continuously climbing. If first-time buyers step onto car lots unprepared, they can end up with a vehicle they’ll later regret buying. Even if a first-time buyer has little or no credit, no co-signer or just a limited budget, there are options available to make a smart purchase – it might just take a bit more work before you find the right car.
