When it comes to buying a car, St. Mary's Bank wants teens to know that there's more to consider than just the sticker price.
The $738 million credit union in Manchester, N.H., recently offered a free seminar on tips for first-time car buyers to students at Memorial High School, also in Manchester.
The hour-long session covered everything from budget planning and research to how to check out an automobile and negotiate a good deal.
The students also learned about total cost of purchasing and owning a car, including how to plan for payments and maintenance to understanding and selecting insurance coverage.
Thomas Champagne, director of community outreach at St. Mary's Bank and Alex Saidel, president of operations at Merrimack Street Volvo conducted the seminar.
The students also had the opportunity to inspect a car firsthand and learn how to make the most of a test drive.
Champagne said the seminar has become so popular that the credit union has presented it to students at two other schools and plans to share the car ownership session at more schools and colleges in the future.
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