I need a car?

Question

i have about $200 a month to pay a car note. i need a good but cheap car. what do i do and what would be a good car, nothing bigger than v6?

Answer 1

For that you should buy something like a 92 Ford Explorer. I get about 20 mpg on mine. Then you will not be stuck with paying forever on a car.

And then do not forget. You might get a payment of $175 a month and most places require that you have FULL insurance coverage and then so add another $100 to the note payment.

Answer 2

First, get preapproved for a car loan-- somewhere like E-loans, Lendingtree.com, or capital one auto finance. All 3 can be done online (but dont apply to all 3 as you'll rack up inquiries.) They'll preapprove you and then they mail or overnight a blank check that you take to the dealership for financing.

Once you get approved and know the rate, play with a calculator and find a price range to fit your monthly budget.

For example: A $6K car at 20% interest (if you had HORRIBLE credit) would be about $200 a month

OR a 9K car at 9% interest (good to fair credit) would be the same payment amount.

Once you konw your rate, go to www.autotrader.com and run a search based on what you want. A sedan? A coupe? Make sure that you ask for only lower mileage (I'd never buy a car with over 100K or you'll just be buying again in a couple years.) within your price range. you can leave the make/model open and find any sort of cars in the range with lower miles.

Dodge Neons, Ford Focus's, Chevy Cavaliers...etc....are all reasonable cars with good price tags that are reliable.

NEVER pay what they are asking--always lowball and get them to come down. DONT go into the dealership telling them what monthly payment you want-- they can play wtih terms and rates and get you the payment you want and still rip you off on the PRICE of the car.

Remember you're paying the PRICE and not the monthly payment amount!!

Answer 3

Keep in mind, you'll also have insurance, maintenance and upkeep. The 200 a month will depend on the loan rate, and the length of time the note is for.

Try to find an older car, with lower miles. Going with a less popular model will help too. Make sure you have a mechanic go over the car before you buy it. That could save you some money down the road.

Answer 4

There are plenty of car dealers ready and willing to take your money, even if its only 200 a month. Be careful.Your best bet is to join a credit union (50.00 in a savings account), then talk to the loan person there. They will give you the best interest rate, and may even warn you about which car dealers to avoid. When shopping, you need information, so hit the library and read consumers reports. Japanese sedans are good cars, but pricey. Mustang V-6 is a good car, usually.

Answer 5

Really depends on what kind of car you want to get? Compact, sedan, family, SUV, minivan??

Remember, getting a v6 normally requires more gas... So remember to get something fuel efficent..

Check out consumerguide.com - has used car reviews based on reliablity/costs/features
Check out fueleconomy.gov - to find out mileage

Answer 6

Get a new '07 Corolla for $11,900. Finance with $0 down for 5 years and your payment will be around $250.

Answer 7

Well, I know of this semi-awesome Buick, but Kirt won't give me his Caddy. That sux. He's going to sell it instead. I wish you could wait about a year, then I'd give it to ya!!!

Answer 8

Hi
Take a look at http://carauctions.deals-guide.com you will find car auctions there , hope this helps

Answer 9

Here's a link on ebay Map-It where you can find them in your home town. yes, they finance.

Answer 10

sucks for you!