The single most important thing I'd tell new college graduates is to not buy a new car. Time and time again I've seen so many people acquire moderately paying entry level employment and then immediately go and yoke themselves to a huge debt that will deeply affect their finances for the next several years. Better to go without a car for a while, if practical, and then buy used. If possible pay cash, but in any event avoid anything that takes more than a year or so to pay off if you have to borrow money.