Cheap cars can be found in many places — if you know where to look. Following are just some of the places you might find cheap cars:
Independent Used-Car Dealers – Independent used-car lots are a potential source of affordable cheap second hand cars. Many lots have older vehicles that can be real bargains, but might require a little work. You should take care to determine if the price is fair and that the vehicle has no hidden problems. Most used cars are sold “as-is” and come without any kind of warranty or return policy. Check out local used-car lots in your area but also consider large national or regional used-car dealers such as CarMax.
New-Car Dealer Used Car Lots – Many new-car dealers also sell pre-owned cars. Most new-car dealers only offer relatively late model used vehicles that have been taken in trade or are off-lease, and are in good condition — and are relatively expensive. But bargains can be found. Therefore, it doesn’t hurt to check out local new-car dealers but also look at other sources listed below. Some new-car dealers sell “certified” used cars — at a higher price. These cars have been inspected thoroughly and come with a short guarantee.
Buy-Here-Pay-Here (BHPH) Dealers – BHPH dealers are a different kind of used-car dealer that provides in-house financing, usually with no credit check, to people who are unable to get a conventional car loan. Most BHPH dealers are local and can be recognized by their “we finance anyone” or “no credit check” banners. Be aware that interest rates are usually very high and payment terms are strict. See “Should I Buy From a Buy-Here-Pay-Dealer Car Dealer” for more details.
Continue reading Cheap Cars – Where to Find Cheap Cars
This is the kind of question we see posted on question-and-answer web sites every day. The details might vary but the basic question is always the same.
The askers of the question seem to understand that $3000 (or $1000, or $2500) is not a lot of money for a car and they are asking how to best spend it.
For a car to be priced in the $3000 range, there are a number of potential issues that buyers should be aware of:
1) The car would ordinarily be a $5000 car, but it has problems that will require at least $2000 to fix.
2) The car is fairly priced at $3000 because it is old and has high mileage, which doesn’t mean it’s a bad car, but it has a high potential for having problems.
3) The car is only worth $2000 because it definitely has problems, but the seller is hoping potential buyers won’t notice until after the sale when it’s too late.
Continue reading I Only Have $3000. What Car Should I Buy?
I frequently visit the popular web site, Yahoo Answers, and answer questions about cars there. Many of the questions are from teens and other young people who are buying their first car.
One of the most common questions is, “What is a good first car?” or simply, “What is a good car?”
Sometimes the asker has already narrowed down his or her choices to a few makes and models but, more often, they simply don’t know and want some advice or suggestions.
It’s difficult to recommend a specific car to someone when you have no idea of their needs or preferences. But I usually suggest the popular Honda Civic as a good first car because it has a great combination of most of the things that buyers are looking for. It offers a lot of car for a relatively low price, whether it’s used or new. It’s very reliable and won’t be expensive to maintain. It has good gas mileage which makes it relatively inexpensive to drive. Insurance costs are low, compared to many other cars. It’s safe and comfortable. And its 4-cylinder engine provides peppy performance.
Although the Civic is a great car for a great price, it doesn’t fit everyone’s needs.
Continue reading What’s a Good First Car?
The most common car scam is one in which a nice car is listed for sale at a low price on Craigslist.com, Autotrader.com, or other web site.
There is no hint, other than the low price, that it is a scam. They show you a couple of good pictures of the car and even provide the VIN number.
So, what’s the problem.
The problem is that the picture of the car and the VIN were snagged somewhere on the Internet and it’s not the “seller’s” car. In fact, the “seller” is only trying to get your attention so that he can separate you from your money.
You won’t find out enough details to determine it’s a scam until you contact the “seller.” At that time you’ll get an email from him much like this one:
Continue reading Common Car Scam