I take my driver's test on Thursday and if I pass, we're going straight to the car dealerships to buy a car. I have about a thousand dollars to put down, plus the first month's payment. What is the optimum price I should go for so that my payments will be at the most 250 a month. Any other tips for a first time buyer are greatly appreciated. Thank you.
2007-12-18 19:44:04 · 7 answers · asked by leokodomojih 2 in Cars & Transportation ➔ Buying & Selling
Buying a vehicle without having done some homework how the process works could and most likely will have you being scammed big time,,, study and pick up some pointers at this link http://www.usedcartips.org/index.html it's free advice with no strings attached, hope this helps
2007-12-19 01:10:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
My first suggestion would be to shop around and take a good look at quality pre-owned cars. You can probably qualify (with a co-signer) for a car in the price range of 11,000 to 15,000 dollars.
My most recent car purchase was a year-old PT Cruiser in about that price range.
If you can avoid five years of monthly payments that is a good thing to do.
2007-12-19 03:53:36 · answer #2 · answered by Warren D 7 · 0⤊ 0⤋
Since this is your first car, I asume you do not have a lot of experience with cars. I think the smart way to buy a car is to do more research before you make a big decision! You can go to http://SearchAutoReviews.com to find car's review, and get more idea about the car you want to buy. It searchs for car reviews on all the top automobile sites from one place.
Hope it is helpful.
2007-12-19 09:12:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
go to where you have a bank account
ask a loan executive - what they could offer you
as a first time buyer - for your price range
you will probably get a better financing deal through them
and they will tell you what your limit should be
know that when you drive a new car off the lot -
it devalues by 10% - WHAM!!!!!!
all the best
2007-12-19 03:49:06 · answer #4 · answered by tom4bucs 7 · 0⤊ 0⤋
I would buy a cheap rust bucket for the first year because you are bound to have a few little accidents - just because you have passed your test does not mean you have nothing more to learn about driving.
2007-12-19 03:48:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Get one that is 2 or 3 years old. it is way cheaper and if there were any problems they would have been found by now.
2007-12-19 03:49:54 · answer #6 · answered by Alucard 5 · 0⤊ 0⤋
Around $15,000.00
2007-12-19 08:04:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋