What is the Cheapest Way to Buy a Car?
Shop cheap vehicles for sale as low as $ at electronicgamingbusiness.com Research, compare and save listings, or contact sellers directly from 2 vehicles electronicgamingbusiness.come Identification Number: JT2BG22K5V Nov 12, · To prove that cheap used cars are readily available, Holthoff quickly located a one-owner Toyota Camry for only $2, Cars to avoid Steer clear of European cars .
So you decide to skip the car loan and scrape up enough money to pay cash for a cheap used car. And will that really get you a reliable used car? Phong Ly, CEO of classified used car website iSeeCars, agrees but says the process is much easier if you know how to maximize use of the Internet and phone before physically inspecting any cars.
Mark Holthoff, manager for a community website for used car enthusiasts called Klipnik. With a limited budget, you should look at cars that are at least 10 years old — models from before — and have been driven at leastmiles. By carefully filtering searches of Internet used car listings, you can find what you want, nearby, and usually with photos. Increasingly, vehicle history reports, such as CarFax, are included for free, particularly on what is tuneup utilities 2012 such as eBayMotors.
Craigslist is the best source for cars in your area, Holthoff and Scroggs say. The search filter on iSeeCars customizes results to match your budget and tastes, Ly says. His site compares the asking price to the average price of other sellers. You can bargain some sellers down into your price range. Then narrow the field by selecting brands known for reliability. Begin by searching for Japanese cars, because they have the highest J. Power satisfaction ratings, Ly recommends. Instead, look for second-tier Japanese brands such as Mazda, Nissan or Mitsubishi.
Scroggs says his auction experience has shown him you could snag a Ford Focus, a model that has a strong history of reliability, for less money than Japanese cars. Auto enthusiasts then comment on the listings, sharing their expert knowledge of the cars for sale.
Steer clear of European cars because of the high cost of maintenance and repairs, Scroggs advises. Avoid cars with salvage titles, which are those that have been in a serious accident, flood or fire. Begin by looking at the general appearance of the car and how the present owner has maintained it.
Expect the shop to recommend a long list of repairs both to avoid liability and perhaps drum up business. You might be able to use some of the repair recommendations as leverage with the seller when negotiating. How to buy a used car. Used car leasing hits the sweet spot.
Used plug-in cars could be a bargain. Philip Reed is a staff writer at NerdWallet, a personal finance website. Email: preed nerdwallet. Facebook Twitter Email. Tips on how to find a cheap, reliable used car to buy. By Philip Reed NerdWallet. Share your feedback to help improve our site!
Cheap Auto Loan Red Flags
Take your business to several dealerships, banks, and credit unions, weigh the pros and cons of the car loan rates they offer you, and choose the most affordable auto loan for you. Sure, this will take some time, but in the end you'll wind up with the most affordable interest .
Sometimes you just need a set of wheels. But that convenience can come at a premium, thanks to airport surcharges. Price out rental locations in the city and compare to what you can get at the airport.
Make sure you factor in the cost of a taxi or Lyft to and from your rental location if you rent at a location away from the airport.
NerdWallet can help you track spending, automate your budget and more. Look at sites like Kayak, Priceline and Cheapcarrental. Just keep in mind that rentals paid in advance are typically nonrefundable. Even after you book, keep shopping. Discount brands like Advantage, Payless, Thrifty and Dollar Rental are also vying for your business, often at a lower rate than big-name rental companies. That savings multiplies over longer trips.
Have a Costco membership? Use it to save money on your next rental car. An added bonus: You can often add a driver for free. AAA memberships are another great money-saving tool. Frequent-flier programs also offer discounts on rental cars. Economy cars are typically the cheapest, and therefore the most likely to be booked. You can use this to your advantage, says Brett Graff, a family finance expert and author of a syndicated column called The Home Economist.
Not exactly the cozy vacation you had in mind, is it? Most rental car companies will charge you a daily fee to add an extra driver.
There are ways to dodge the fee, though. Others, including National, will waive the fee for spouses, partners and immediate family members if you enroll in their membership program. If you have a car, your primary insurance likely covers you when you rent a car. Carless millennials: Have your parents add you as a driver to their insurance.
Many credit cards also include basic insurance coverage if you use the card to pay for your rental. Some cards even offer more comprehensive coverage. Renting overseas? Example: Costa Rica.
Build this into your budget. Rental agents make more money if they sell you on the benefits of extras like roadside assistance, satellite radio and GPS navigation. Use the navigation system you carry around in your pocket and save your money for gas. Or go old school and pick up a paper map. Rental car companies charge a per-day fee for the transponder, which you pay in addition to any tolls.
While tolls are unavoidable, there are cheaper ways to go about it. This one may be unavoidable. After all, the safety of your child is more important than saving a few dollars. Use a site like GasBuddy to scope out nearby gas stations and current fuel prices so you can compare against the prepaid price offered by the rental car company. Factor in how likely it is you will have a near-empty tank upon your return.
On a short day or weekend trip, you may just need to top off your tank before returning the car. Longer trips may allow you to roll in on fumes and save a few dollars as you do so. While these tips will help you get a cheap rental car, there is one other surefire way to save: Skip the rental altogether.
Most major cities have walkable downtowns and extensive public transportation networks, not to mention taxis and ridesharing apps galore. So save yourself the hassle of traffic and often costly parking rates, if you can, and buy yourself a weekend metro pass. Need a car for a few hours? Check out Zipcar or Enterprise CarShare. Plan in advance, though, since both require a membership. Many or all of the products featured here are from our partners who compensate us.
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Skip the airport. Shop around online. Turn to discount brands. Leverage memberships. Opt for economy cars. Stick to one driver. Use your own insurance. Forgo the extras. Price out prepaid gas. Walk or ride.