AWARE is a coalition of the vehicle financing industry to help consumers understand how vehicle financing works. The main reason it was started was to teach teenagers about vehicle financing.

There is information on the website for both teachers and parents to teach children about purchasing a car. A vehicle is something that most of us need but there are various factors that should be considered when shopping for a car.

One of the tools on the site is an auto finance calculator. If you fill in the purchase price, amount of down payment, interest rate and term of the loan you can see how much the monthly payment will be.

Along with the monthly payment you also need to consider taxes, license fees, gas, maintenance and repair costs.

Posted in Budgeting, Saving
Nancy Kvamme

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