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01/27/2012 AWARE

AWARE 

 

Americans Well-informed on Auto Retailing Economics

 

WHAT WE DO:

Financing is a key part of the car-shopping experience, but is often the least understood. To help high school and college students, as well as their parents, navigate this crucial part of the process, Americans Well-informed on Auto Retailing Economics (AWARE) created the Auto Financing Road Map.

WHAT WE OFFER:

The free Auto Financing Road Map offers educators all of the resources and tools needed to hold a vehicle financing workshop or incorporate some vehicle financing principles into an existing financial literacy program. The guide has been used by schools and community groups across the country. The materials provide students with a greater understanding of vehicle financing, the options available to them and their parents, and the significant responsibility of owning a car.

The roadmap kit is available in English or Spanish, both in print and online at www.autofinancing101.org/learning_suite/roadmap.cfm, and contains:

  • PowerPoint Presentations to aid instruction – Walks educators through a presentation on vehicle financing basics.
  • "Affordability Gauge” Budget Worksheet –  Daily and monthly versions help shoppers determine how much they can afford for a vehicle and track savings for a down payment.
  • Comparison Worksheet – Shows how to compare vehicle financing rate quotes from multiple creditors. Compares all contract terms, conditions and the overall cost of credit, in addition to the monthly payment.
  • Auto Financing Quiz – Tests users’ knowledge of the concepts presented.
  • Glossary – Defines common auto financing terms.

Other resources, such as an auto finance calculator and interactive learning modules, are available to teachers, students and parents on the website www.autofinancing101.org.

AWARE is a vehicle financing industry coalition formed in 2005 to help consumers understand how vehicle financing works. The group provides potential buyers of new and used autos with the tools and resources they need to successfully navigate the auto financing process.

AWARE’s members include: American Financial Services Association, National Automobile Dealers Association, National Association of Minority Automobile Dealers, American International Automobile Dealers Association, Ally Financial, American Honda Finance Corp., American Suzuki Financial Services, AutoNation, Ford Motor Credit Company, Group 1 Automotive, Inc., Lithia Motors, National Auto Finance Co., Nissan Motor Acceptance Corp., Saab Financial Services Corp., Sonic Automotive, Inc., Toyota Financial Services, United Auto Group, Inc. and Wells Fargo Auto Finance.

CONTACT INFORMATION:

Karen Klugh
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202-776-7308