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Buy a Wallet-Friendly Car
Car costs don't stop with the monthly auto-loan payment: According to AAA, an SUV costs 73.9 cents a mile to drive compared with 43.3 cents for a typical small sedan when you factor in such costs as insurance, repairs, and depreciation. Before you head to the dealership, compare the five-year "true cost to own" of any vehicle model at consumer car guide Edmunds.com.
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.