Vehicle Purchase & Ownership

IDA Education Packet: Vehicle Purchase & Ownership. Specifically designed for Oregon IDA Savers! Use this IDA Education Series Self-Directed Curriculum to learn about the basics of buying and owning a vehicle.

español: IDA Plan de estudios autodirigido: Vehículos. El objetivo del plan de estudios de compra y propiedad de vehículos es proporcionar a los ahorradores de IDA información y estrategias para apoyar el proceso de compra y mantenimiento de un vehículo.

Other free resources:

Comparing Auto Loans (pdf) (CFPB): Tool: Learn how to shop for an auto loan and evaluate the total cost to help you negotiate a deal you can afford (Dealing with debt, vehicle and auto loans, interest rate, monthly payment).

Buying & Owning a Car (pdf) & Financing or Leasing a Car (pdf) (FTC): Resource: Having a car can be an expensive proposition. Read tips on buying vs. leasing, negotiating the best deal, financing, getting the most out of warranties and service contracts, using gas efficiently, and avoiding repossession. (videos, sample comparisons, total cost, dealership financing, co-signer, repossession)

Signs of Predatory Auto Finance Loans (Center for Responsible Lending) (article) Don’t get into car trouble: Learn to spot predatory auto finance loans. Sign 1 – Dealer Kickbacks. Sign 2- loans packed with junk fees. Sign 3- “yo-yo” sales. Sign 4- Buy here- pay here. Sign 5- No option for justice in court.