Instructions #1

Figure out your budget for buying and owning the car. The budget should include many factors: the price of buying the car; a car loan with an interest rate and payment schedule that you can manage; a fund for car repairs and maintenance; a fund for gas that matches the car's gas mileage and an allotment for insurance based on the car and the insurance status of the person driving it. Young drivers or those who have had accidents before will have a higher insurance premium. Also, sports cars tend to raise insurance prices compared to economy cars.