Submitted by : Karen Ford
Unless you are wealthy, you shouldn't buy a new car. The value of a new car drops about 60% of it's value in the first 5 years.
First step is what kind of car you can afford.
If you don't have the funds to pay cash for a used car right away, then make room in your budget to set aside money each month. Are you going to set aside $300 a month for a payment? Then begin saving that amount each month into a account marked "vehicle."
Putting this money aside each month for a car will set you ahead.