Brian Moody | Source | Executive Editor for Kelley Blue Book at Cox Automotive, Inc.

Brian advises making "as large a down payment as possible" and considering credit repair or a co-signer. He warns against predatory "buy here/pay here" deals and emphasizes checking interest rates. Avoid long-term loans and watch for balloon payments to ensure affordability and warranty coverage.

Brian explains that refinancing can lower your car payment with a better interest rate. He advises caution, as it may impact your credit score and extend your loan term. For those with bad credit, "Buy Here, Pay Here" dealerships might offer solutions, though often at a higher cost.