• 14-AUG-2012

  • SOURCE: General Motors - Global

First Car 101

For many people, buying a car is the second biggest purchase they will make in their lives. That said, there is a lot of stress that goes along with the excitement of driving a new car off the lot. Especially, for the very first time.

There are finance decisions, brand decisions, what features to get, what insurance company to go with; the list goes on.

However, one of the biggest hurdles to get over is how you are going to pay for it? According to a Capital One study, 59 percent of first-time car buyers felt "uneducated" in matters of financing options. And add to that, insurance coverage can be even more confusing for many of these consumers.

Automotive expert, James Bell, GM Head of Consumer Affairs, talks about what to consider before you even start your search, and how to get the best bang for your buck. Shelley Frost, from Allstate, shares tips for shopping for insurance, how it works, and how to get the lowest rates.

Available content includes soundbites from James Bell and Shelley Frost, and B-roll.