SURVEY FINDS FIRST-TIME CAR BUYERS MAY BE OVERLOOKING KEY ELEMENTS OF CAR OWNERSHIP

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THIS IS A MULTIVU SPECIAL REPORT BROUGHT TO YOU BY CAPITAL ONE.

BUYING A FIRST CAR IS A BIG STEP AND A RECENT SURVEY FROM CAPITAL ONE AUTO FINANCE FOUND MANY PURCHASERS MAY NOT BE AS PREPARED AS THEY THINK.

WHILE THE MAJORITY OF FIRST-TIME CAR BUYERS SURVEYED COMPARED PRICES AND VARIOUS MAKES AND MODELS BEFORE MAKING A FINAL DECISION TO BUY, NEARLY 60 PERCENT SAID THEY DIDN'T DISCUSS AVAILABLE FINANCING OPTIONS AND NEARLY HALF OF THOSE WHO GOT A LOAN DON'T KNOW THEIR INTEREST RATE.

JULIE RAKES, SPOKESPERSON FOR CAPITAL ONE AUTO FINANCE:

"It's important that first-time car buyers do their research and factor all elements of ownership into the purchase price before deciding what car to buy. First-time car buyers must also take the time to understand financing options, calculate what they can afford, compare rates and know their credit score and how that score could affect the terms of their loan. Armed with the right information, it's an excellent time to get a deal."

FOR MORE TIPS ON BUYING YOUR FIRST CAR, VISIT www.capitalone.com/autoloans.

I'M GARY NEWMAN.