So many people get ripped off when buying their first car. I'd hate to see that happen to you, so if you're afraid you might not memorize all this stuff, remember the three most important tips that'll help get you through the process:

1. Take a friend with you.

2. Read the contracts.

3. Don't ever be afraid to ask questions.

You'll always be in a better and more powerful bargaining position though, when you're familiar with as many terms and processes as possible.

Here're a few more:

• The Kelly Blue Book

• The "Sticker Price"

• The difference between leasing, financing and interest rates

• Dealer warranties

• Registration and Transferring Ownership

Learn all this and more in the Buying and Selling Cars module of the Life After 18 Course!