A new cheap car is not a misnomer. You don’t have to go to the junk yard to find a vehicle that will fit into your lean budget. You can drive the car of your dreams even with a pretty thin wallet if you follow the advice in this article.
One way to get the monthly payments down is to lease the car. Generally, a leased car payment will be about 60 percent of the monthly payment if you were going to own it. Better yet, you can turn that car in every 3 years and get a new one. If you are willing to take a slightly used car, take the lease off someone else’s hands and they’ll chip in on the monthly payment.
The next piece of advice I have is to consider buying last year’s model. You’ll still get a new car, but it won’t be the newest version. Every September, the manufacturers send in the next years model. But dealers still have the current – and sometimes even the past – year’s models on the lot. They are eager to get rid of these cars to make way for the new and will often give you a good deal.
Arm yourself with the facts. If you know how low the dealer can go, you will have an edge in the negotiations. Remember that the salesman has a bottom line that he cannot go below.
Unlike dealers, manufacturers can be more generous with their rebates and other incentives. Look for cash back, low financing rates, and other features the head office offers to move their vehicles.
There’s something even better than cheap – free! If you are willing to put advertising on your car, you can sometimes drive for free. This generally is only available in college towns and big cities. The way it works is that a car is wrapped in advertising in exchange for the driver’s free ride.
Do you want a new vehicle on a trim budget? Don’t despair. There are ways to get a new cheap car.
If you are looking for a cool new cars, I suggest you head on over to Edmunds.com for some great shopping.
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