Buying your first car is an important part of growing up. Unfortunately, all too often first time consumers are poorly educated on the effects of financing and credit on their financial wellbeing. In addition, many of these consumers also severely underestimate the costs associated with being a responsible vehicle owner.
Money Mentor sees an auto purchase as an example of a key "teachable moment" where a consumer is very open to learning about the money and credit because it has a direct impact on their ability to purchase and keep their automobile. An auto dealer might offer a discount on the auto financing if a consumer elects to take steps to implement sustainable financial habits via Money Mentor. In this way both the consumer and the Auto dealer benefit sound financial education prior to a purchase being made.
